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Wal-Mart tops Fortune Global 500 |
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2004-7-15
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The US retail giant and discount chain - Wal-Mart topped the Fortune Global 500 biggest firms in 2003 for the third straight year, and Britain''''s BP took second spot. Wal-Mart has 1.5 million employees.
Wal-Mart, with revenues up seven percent at 263 billion dollars spearheaded a pack of 189 American companies in the top 500, Fortune said Monday.
However, Wal-Mart''''s profits, which jumped 13 percent to 9.1 billion dollars last year, were not the largest.
Not counting MCI, the number 168 company, which emerged from bankruptcy with a "paper profit" of 22.2 billion dollars, Texan oil giant Exxon Mobil was the most profitable with net profit of 21.5 billion dollars.
Citigroup was second most profitable with 17.9 billion dollars.
American firms took half of the top 10 -- dominated by car makers and oil giants -- with Exxon Mobil as the number three, General Motors number five, Ford number six and General Electric number nine.
Britain got two of the top 10, with BP edging out Exxon Mobil for the first time to grab second place, and British-Dutch group Royal Dutch/Shell in the number four spot.
German car group Daimler Chrysler is the seventh largest group in the world, while Japanese car maker Toyota number eight, and French oil giant Total squeezing in at number 10. |
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