
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)
Tags: exxon mobil, gasoline, Oil, petrol, walmart