Wal-Mart Takes Top Spot in Fortune Global 500

Wal-Mart Stores Inc. of Bentonville (NYSE:WMT) returned to the top of the Fortune Global 500 rankings that were released Monday.

After coming in second to Royal Dutch Shell PLC (NYSE:RDS.A) last year, the Arkansas-based retail behemoth overtook the oil company which held the top spot the past two years. Here's some of what Fortune had to say about its top-rated company:

"The retailer has ramped up its international focus. With Doug McMillon's start as CEO in 2014, the company has underscored its desire to expand further overseas. Prior to taking the helm, McMillon headed Wal-Mart International from February 2009 to February 2014."

It's the first time since 2011 that Wal-Mart has been ranked No. 1, after coming in second in 2013 and third in 2012.

Since 2000, Wal-Mart has been ranked No. 1 nine times, including four consecutive years from 2002-05. Its lowest ranking in the past 15 years has been third.

Wal-Mart reported revenue of $476.3 billion and a net income of $16.022 billion in 2013. McMillon saw a total compensation of $25.6 million last year, including stock awards of $23 million.

For more on Fortune's rankings, click here.