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Exxon Mobil returns to the top
The oil company dethrones retail giant Wal-Mart with a 25.5 percent surge in profits.
By ASSOCIATED PRESS
Published April 4, 2006
Skyrocketing energy prices propelled Exxon Mobil Corp. to the top of the 2006 Fortune 500 list and consigned Wal-Mart Stores Inc. to the No. 2 spot on the magazine's annual ranking of the nation's largest public companies. Fortune compiled its list based on companies' 2005 revenues. Exxon Mobil raked in $340-billion in revenue, a 25.5 percent increase over 2004, and had $36.1-billion in profits, the most by any U.S. company in history. Wal-Mart had $315.65-billion in revenue, a 9.5 percent increase from 2004. Exxon Mobil last ranked No. 1 in 2001. Only Wal-Mart, Exxon Mobil and General Motors Corp. have topped the list since its inception in 1954. Fourteen Florida-based companies made this year's list.
[Last modified April 4, 2006, 03:00:35]
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