Each year businesses and corporations are listed according to the amount of revenue brought in, but more importantly, the list also includes the profits the companies earned during the year. Businesses in the top five positions may not cause surprise, but the group of companies occupying the positions of #5 through #10 may create some "ah ha!" moments.
Wal-Mart Stores took in approximately $379 million in 2010 and sat at the top of the Fortune 1000 listing. The profit margin, in millions, totaled $12,731.
While oil giant Exxon Mobile brought in profits of $40,610, more than Wal-Mart Stores, the revenues were less than Sam Walton's big business. Exxon Mobile's revenue totaled $372,824 in 2010. The company earned close to this amount for revenue and profit in 2009 and paid no federal corporate tax on any of the profits.
Chevron, the third ranking company on the Fortune 1000, earned $18,688 in profits in 2010 on approximately $210,783 in overall revenues. The company topped all other oil companies, but didn't quite reach the revenues of Exxon Mobil.
General Motors Corporation earned approximately $39 million in 2010 on a general revenue of $182,347 in the same year. From a recipient of federal funding to the top five money making business in a few short years, GM made a rapid economic recovery.
Another oil company made the top five list of the Fortune 1000, and Conoco Phillips earned far less than the profits of GM at $11,891 million, but the revenue taken in totaled $178,558. Oil companies operating in the United States have numerous tax exemptions that reduce income but allow payment to executives and shareholders through options not available to other types of businesses and corporations.
General Electric occupies the #6 position on the Fortune 1000 list, with Ford Motor at #7 and Citigroup at #8. Bank of America Corporation took the #9 spot on the Fortune 1000 and AT&T rounds out the top ten list.
select one here...