Wal-Mart was ranked the largest company on the list in 2007 and 2008, but was bested by Exxon Mobil in 2009. Wal-Mart regained the top spot in 2010's list and has held onto it for another year.
The 2011 list, which ranks companies by their total revenue in 2010, was announced on Wednesday evening on ABC's "Nightline."The annual list, compiled by Fortune magazine, ranks the top 500 U.S. corporations by their gross revenue. Wal-Mart and CEO Michael Duke held onto the top spot, coming in with $421.85 billion in revenue. Exxon Mobil ranked second with total revenue coming in at $354.67 billion, followed by Chevron with $196.34 billion, ConocoPhillips with $184.97 billion. Fannie Mae came in fifth with $153.83 billion in revenue. -- Written by Theresa McCabe in Boston.
>To contact the writer of this article, click here: Theresa McCabe. >To follow the writer on Twitter, go to @TheresaMcCabe. >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV