What is a Fortune 500 company?
A list of the world biggest companies with the highest turnovers, employing the most people and expanding the globe.
This is a list that is compiled annually by Fortune magazine which includes both public and private held companies mainly hailing from the United States.
Top 5 Fortune 500 companies of 2017
This giant big-box retailer has been doing a huge push to accelerate the ecommerce sector and as such has acquired a few digital outlets such as ShoeBuy, Moosejaw and ModCloth.
Walmart ended its year with a 0.8% one-year Revenue change and a whopping $485.9 billion Revenue.
#2 Berkshire Hathaway
This holding company saw the year out rising in the Fortune 500 ranks from number to number 2 on the list. With a $223.5 billion Revenue and 6.1% one-year Revenue change.
The CEO purchased shares in an airline and bought 1.1% shares in Apple which have seemed to paid off for this company.
Apple came in on the list at number 3 with a -7.7% one-year Revenue change and a Revenue of $215.6 billion.
Apple has taken a knock against the cheaper made phones from China but even with a slump the company managed to end its year boasting profits higher than most companies on the list.
#4 Exxon Mobile
They have slipped down the ranking from number 2 with a one-year Revenue change of -16.7% and a 2016 Revenue of $205 billion.
This energy giant took a knock from the global oil slump making it slide down the rankings to the lowest it has been since 1999.
They are ranked at number five on the Fortune 500 list for 2017 with a Revenue for 2016 of $192 Billion, their one-year revenue change was 6.2%
McKesson is America’s largest pharmaceuticals distribution company who in a bid to keep drug costs down cut their workforce by 4%.