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    Fortune 500: See who's No. 1

    Mon, 05/07/2012 - 07:53 EDT - CNN - Money
    • RDF10

    Exxon Mobil reclaimed the top spot on the Fortune 500, pushing Wal-Mart to No. 2. See the full list of America's largest corporations.

    • Original article
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      Wal-Mart Stores Inc., the world’s largest retailer, reclaimed the top spot from Exxon Mobil Corp. in the Fortune 500 ranking

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      ByTiming Best Buy:Incorporated in 1882, Exxon Mobil (XOM) is a behemoth in the major integrated oil and gas sector. The company's principal line of business is energy as it explores for, produces, transports, and markets crude oil, natural gas, and liquefied natural gas (LNG) in the U.S., South America, Canada, Europe, Asia, the Middle East, Australia, and Oceania.

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      By Vatalyst: Dropping off the top spot as most profitable corporation, a title earned in 2008 when it had earnings over $45 billion, Exxon Mobil (XOM) is comfortably seated as the top Western oil company today. The company has taken the time away from the top spot to buy extremely attractive assets and smaller rivals, putting itself in a good position for future growth once certain positions in the market begin to rebound.

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