Fortune: Wal-Mart On Top Again in Sales

by Arkansas Business Staff  on Monday, Apr. 21, 2008 8:11 am  

Wal-Mart Stores Inc. has once again been named by Fortune magazine as the nation's largest company, as measured by revenue.

Nine companies based in Arkansas, including No. 1-ranked Wal-Mart Stores Inc., are listed in the latest Fortune 1000 by Fortune magazine. Five made the Fortune 500 list.

The May 5 issue of the magazine shows Texas has more companies on the list - 58 - than any other state. The rankings are based on company revenue. New York has 55 and California has 52.

Wal-Mart of Bentonville had 2007 revenue of $378.8 billion, up nearly 8 percent from a year ago and profit of $12.7 billion.

The world's largest retailer edged ExxonMobil, which posted revenue of $372.8 billion, but a whopping $40.6 billion in earnings.

Rounding out the top five were Chevron with revenue of $210.8 billion and profits of $18.7 billion, General Motors Corp., $182.3 billion and a loss of $38.7 billion, and ConocoPhillips at $178.6 billion and earnings of $11.9 billion.

Tyson Foods Inc. of Springdale ranked No. 88 with revenue of $26.9 billion and earning of $268 million. Murphy Oil Corp. of El Dorado was No. 134. It had revenue of $18.4 billion and earnings of $766.5 million.

Alltel Corp. of Little Rock was No. 300 on the list with $8.8 billion in revenue and $183.2 million in earnings. Dillard's Inc. came in at No. 338 on revenue of $7.4 billion and a profit of $53.8 million.

No. 601 on the list was J.B. Hunt Transport Services Inc. of Lowell. It rang up revenue of $3.5 billion and income of $213.1 million.

Windstream Corp., the spinoff company from Alltel, wasn't far behind. It landed at the No. 631 spot with revenue of $3.3 billion and earnings of $917.1 million.

Two Fort Smith companies rounded out the Arkansas entries on the list. Arkansas Best Corp. had revenue of $1.84 billion and earnings of $56.8 million, giving it a ranking of No. 934. Baldor Electric Co. was a step behind at No. 935 with revenue of $1.82 billion and profit of $94.1 million.



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