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Exxon Mobil ousts Wal-Mart, crowned king of Fortune 500



It was recently announced that the 2-year heavyweight champion Wal-Mart was knocked from the top spot of the Fortune 500 list and replaced with Exxon Mobile.

But why? Well, due to the recession Wal-Mart’s enticing low prices and other marketing ploys helped revenue boom to over $406 billion alone.

However, due to the sharp increase in oil sales Exxon Mobile managed to bank almost $443 billion. I wonder, if and when we make the change to alternative energy, will companies like Exxon Mobile be facing a grim future like the once-great GM?

Read (CNNMoney)

Popularity: 4% [?]

This entry was posted on Monday, April 20th, 2009 at 3:52 pm by Jeff Baker and is filed under Alternative Energy, Business, Cars, Enviroment, Industry, Science. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.





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