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• Wal-Mart has yet again claimed the top spot on the Fortune 500 list of top American companies, edging out ExxonMobil in terms of revenue ($378.8 billion vs. $372.8 billion). However, ExxonMobil had triple Wal-Mart’s profits ($40.6 billion vs. $12.7 billion).

The other companies making the top 10 spots on the list were, in order, Chevron, General Motors, ConocoPhillips, General Electric, Ford Motor, Citigroup, Bank of America and AT&T. The most profitable US companies in 2007 were ExxonMobil, General Electric, Chevron, JPMorgan Chase, and Bank of America.

KC's View:
Not surprising that three of the top five companies in the Fortune 500 are oil companies, and that two of the top five companies in terms of profit are oil companies.. After all, we put them there every time we fill our SUVs with gasoline.

Hell, Wal-Mart ought to adopt a new slogan: “Sure, we’re big and we’re everywhere. But at least we’re not an oil company.”

Sales would double.