This Year's Fortune 500 List Just Out
Who are the big movers on the new, just-out-Thursday Fortune 500 list? Unfortunately, there are no Florida-based companies in the Top 10. Here's a rundown:
1. Exxon Mobil. Walmart's $421 billion in revenue beat out Exxon Mobil's paltry $354 billion, but the oil giant killed Big W where it matters most: profits. Apparently the crude colossus made a whopping $30.4 billion in profits last year.
2. AT&T. The runner-up managed to haul in $19.86 billion in profit with only -- only! -- $124 billion in revenue.
3. Chevron. The third most profitable company on the list was also the No. 3 company in revenue, with $19 billion in profit from $196 billion in revenue.
4. Microsoft. OK, maybe its $62.4 billion in revenue was only good enough for 38th place, but its $18.76 billion in profit was the fourth-highest number.
5. Chase. Biggest bank on the Fortune 500 list. Comes in at No. 5 with $17.3 billion in profit.
6. Walmart. Finally gets in with $16.3 billion in profit, but only at No. 6.
7. IBM. $14.8 billion in profit.
8. Apple. $14 billion in profit.
9. Johnson & Johnson. $13.3 billion.
10. Berkshire Hathaway. $12.96 billion.
Other notable numbers? Fannie Mae was way up there at No. 5 on the list last year with $153 billion in revenue. But it also lost $14 billion last year. And Bank of America, at No. 9, with $134 billion in revenue, was the only other top 10 company to turn a negative profit. It lost $2.2 billion in 2010.
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