The new Fortune 500 list for 2014 is here and well, its about the same as it always is. Once again, Walmart and Exxon duked it out for number one with the retail giant coming out on top the for the second year in a row. The most notable change: Apple has made it into the top five, receiving a push up the corporate ladder with their recent Beats acquisition and the ongoing success of the iPhone.
Here's the top ten:
For fiscal year 2014, Wal-Mart’s net sales were $473.1 billion. That's up 1.6 percent from 2013. Investors received a healthy 17.5 percent return.
2. Exxon Mobil
Exxon didn't have the greatest year: revenue dropped almost nine percent, net income fell 27 percent. But still, they were awarded the silver medal of corporations. They have some major oil projects in the works, including Arctic drilling and deepwater projects in the Gulf of Mexico.
The second largest oil company in the United States came in third place. Their revenue also decreased, down to $228.9 billion. They are also working on a new project in the Gulf of Mexico.
4. Berkshire Hathaway
Warren Buffett's company is sitting pretty at number four. While they might not get a medal, their per-share book value was up 18.2 percent last year.