Fortune magazine has published its 64th annual Fortune 500 list of the country’s biggest companies, and Walmart Inc. of Bentonville ranks No. 1 for the sixth consecutive year.
The publicly traded retailer is at the top of the list with more than $500 billion in revenue, up 3 percent from last year. It had profit of $9.9 billion and employs about 2.3 million people. It’s the 24th year the company has been on the list.
The magazine notes Walmart’s efforts to drop the less productive parts of its business (a move that included closing some of its Sam’s Club warehouse stores) and focus more on e-commerce sales.
“Its Walmart business in the U.S. is transforming its website into an online mall offering a slew of brands and expanding its grocery delivery,” the magazine reports, “while the shuttered Sam’s Clubs will be repurposed as e-commerce distribution centers to speed up delivery.”
In all, six Arkansas companies made the 500 list. Two other companies ranked below the 500 threshold.
The other Arkansas companies are:
No. 80: Tyson Foods Inc. of Springdale — $38.3 billion
No. 279: Murphy USA Inc. of El Dorado — $10.8 billion
No. 395: J.B. Hunt Transport Services Inc. of Lowell — $7.2 billion
No. 439: Dillard’s Inc. of Little Rock — $6.4 billion
No. 474: Windstream Holdings Inc. of Little Rock — $5.8 billion
No. 763: ArcBest Corp. of Fort Smith — $2.8 billion
No. 902: Murphy Oil Corp. of El Dorado — $2.2 billion