Wal-Mart Tops Fortune 500 List

May 06, 2013 2:33 PM  By

walmart-croppedWal-Mart landed back in the top spot of the annual Fortune 500 list in 2013 after it reportedly earned $469 billion in revenue, according to the list.

Wal-Mart is no stranger to the Fortune 500 list; it ranked second last year, and in 2013 was followed by oil giants Exxon Mobil in second, Chevron in third, Phillips 66 in fourth. Rounding out the top five spot is Warren Buffet’s Berkshire Hathaway.

According to Forbes, for the fiscal year of 2012 sales at Wal-Mart rose 5.9%.

According to the list, part of Wal-Mart’s financial success is based on the “retailer’s refocus on low prices” which “attract frugal shoppers into the discounter’s U.S. stores.”

Apple also broke the top 10 list at number six earning a $156.5 billion in revenue and Facebook made the list at 482 for the first time earning 5.1 billion in revenue. To see the full Fortune 500 list click here.