Walmart Retains top position in Fortune 500 list

Posted on:08 Jun 2016 14:27:51

Walmart Retains top position in Fortune 500 list
08 June 2016 Current Affairs: American multinational retail corporation, Walmart is topped the Fortune 500 list for the 4th consecutive year.Rounding out the top 10 in the 62nd annual rankings, based on total revenues for their fiscal years: ExxonMobil, Apple, Berkshire Hathaway, McKesson, UnitedHealth Group, CVS Health,General Motors, Ford Motor and AT&T.

Apple, which was the most profitable company on the list, with $53 billion in profits, was among companies making big moves this year, jumping to No. 3 from No. 5 last year. 

Other movers in the top 25 included Amazon.com (No. 18) and Walgreens (No. 19), which moved into the top 20 from No. 29 and No. 35 last year. And Microsoft (No. 25) made the top 25 for the first time, up from No. 31 last year.

Facebook jumped 85 spots to No. 157, while Netflix leaped 95 spots to No. 379 (from No. 474) and Expedia moved 73 to No. 385. 

More than half of Fortune 500 companies saw sales drop, including No. 1 Walmart, which had a sales decline of 0.7% in 2015. For the entire list, revenues were down 4.2% from 2015.


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