The Fortune 500 list of America's largest corporates is out and there are few changes in the top 10 ranks with the top most rank now occupied by Exxon Mobil. Bank of America & Citigroup are out of top ten list with Hewlett-Packard and Valero Energy making place in the top 10. The Fortune rankings are based on revenues of companies in the year 2008.
| 2008 Rank | 2009 Rank | Company | Revenues billion $ |
| 2 | 1 | Exxon Mobil | 443 |
| 1 | 2 | Wal-Mart Stores | 406 |
| 3 | 3 | Chevron | 263 |
| 5 | 4 | ConocoPhillips | 231 |
| 6 | 5 | General Electric | 183 |
| 4 | 6 | General Motors | 149 |
| 7 | 7 | Ford Motor | 146 |
| 10 | 8 | AT&T | 124 |
| 14 | 9 | Hewlett-Packard | 118 |
| 16 | 10 | Valero Energy | 118 |
Exxon Mobil made a huge leap forward to make its narrow trail behind Wal-Mart in 2007 a big lead ahead of it in 2008. Its revenues increased by 19%, remarkable for a company of such size and sharp decline in crude oil prices. While Wal-Mart can't be blamed for losing its position as its revenues increased at 7% when the economy halted. Amongst the new top 10 list only the two Auto-majors GM and Ford showed declining revenues.
| Company | Revenues (bil $) | |||
| 2009 | 2008 | growth | ||
| 1 | Exxon Mobil | 443 | 373 | 19% |
| 2 | Wal-Mart Stores | 406 | 379 | 7% |
| 3 | Chevron | 263 | 211 | 25% |
| 4 | ConocoPhillips | 231 | 179 | 29% |
| 5 | General Electric | 183 | 177 | 4% |
| 6 | General Motors | 149 | 182 | -18% |
| 7 | Ford Motor | 146 | 172 | -15% |
| 8 | AT&T | 124 | 119 | 4% |
| 9 | Hewlett-Packard | 118 | 104 | 13% |
| 10 | Valero Energy | 118 | 97 | 22% |
The profit figures give a better indication of the state of the economy with 4 out of 6 companies suffering losses. While GM and Ford continued their losses from last year, the other two loss reporting firms were impacted by the slowdown in this year only.
| Rank | Company | Profits (bil $) | ||
| 2009 | 2008 | growth | ||
| 1 | Exxon Mobil | 45 | 41 | 11% |
| 2 | Wal-Mart Stores | 13 | 13 | 5% |
| 3 | Chevron | 24 | 19 | 28% |
| 4 | ConocoPhillips | -17 | 12 | -243% |
| 5 | General Electric | 17 | 22 | -22% |
| 6 | General Motors | -31 | -39 | - |
| 7 | Ford Motor | -15 | -3 | - |
| 8 | AT&T | 13 | 12 | 8% |
| 9 | Hewlett-Packard | 8 | 7 | 15% |
| 10 | Valero Energy | -1 | 5 | -122% |
For the full list of Fortune 500 companies, please visit Fortune 500.
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