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Wal-Mart again tops the Fortune 500 list of companies

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Wal-Mart Stores, Inc. (NYSE: WMT) has again been placed at the top of the latest annual Fortune 500 list. Released this morning, Wal-Mart was again recognized as being the largest company in the U.S. by revenue, although not by profit. That honor goes to Exxon Mobil Corp. (NYSE: XOM), which made a profit of $40.6 billion in calendar year 2007 compared to Wal-Mart's $12.7 billion.

Just two non-oil companies were located in the top five: Wal-Mart and General Motors Corp. (NYSE: GM). If you own an SUV and will be filling up your gas tank today, remember that. Or, if you're pinched for money due to a mortgage reset recently, you'll probably not want to remember it. Point is this: Wal-Mart is raking in more sales than ever, and 2008 probably won't slow down as U.S. consumers everywhere flock to bargains and low prices in the midst of mortgage nightmares, gas prices that are out of control and a shaky economy.

The question is this: will you be shopping at Wal-Mart more this year as the uncertainty of the economy continues to swirl every day? If you are a non-Wal-Mart shopper, will you consider the company as your new friend should the need come to pinch every possible penny? The Bentonville, Arkansas retailer hopes so. It's already placing bets on being at the top of the Fortune 500 yet again a year from now.

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Last updated: November 09, 2009: 12:12 AM

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