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Article: Exxon Mobil Tops 2001 Ranking of the Fortune 500; Oil giant replaces GM at top of list after 15 years; Mega-Retailer Wal-Mart is No. 2.
- Article from:
- Business Wire
- Article date:
- April 1, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--April 1, 2001
Exxon Mobil vaulted into the top spot on the annual FORTUNE 500 ranking of the largest American companies, replacing 15-year veteran GM.
With revenues for 2000 at a record $210 billion, Exxon outpaced No. 2 Wal-Mart by $17 billion and No. 3 GM by $26 billion. The FORTUNE 500 ranking has been dominated by two industries -- cars and oil -- since its inception in 1955: in 47 years, only two companies have been at the top of the list, Exxon (which merged with Mobil in 1999) and GM. The 2001 FORTUNE 500 list and related stories are available at www.fortune.com beginning at 6:00 p.m. ET Sunday, ...