Make us your home page

Exxon bumps Wal-Mart on Fortune 500

Exxon Mobil topped the annual Fortune 500 list of the nation's biggest public corporations by revenues for the 12th time in history, with 2008 revenues of more than $442 billion and profits of more than $45 billion.

Exxon passed Wal-Mart, which fell to No. 2 last year after holding the No. 1 spot for six of the previous seven years. The giant retailer had 2008 revenues of more than $405 billion and profits of $13.4 billion.

The annual list, compiled by Fortune magazine and released today, offers a glimpse at who is up and who is down among the nation's biggest corporations. The 2008 results are especially compelling because of the recession's impact and Wall Street's plummet that hit so hard last fall.

In Florida, 13 corporations based in the state made the Fortune 500 list, led by Lakeland's Publix Super Markets at No. 101, up from No. 107. Publix, with 2008 revenues of just over $24.1 billion, squeezed past Clearwater-based Tech Data Corp. by a mere $29 million as Florida's biggest corporation. Tech Data ranked No. 102, up from No. 105.

Other Florida companies and their ranks: World Fuel Services, Miami, at No. 137; International Assets Holding, Altamonte Springs, No. 140; FPL Group, Juno Beach, No. 154; AutoNation, Fort Lauderdale, down 44 spots in a rough year for selling autos to No. 182; Jabil Circuit, St. Petersburg, No. 212; CSX Corp., Jacksonville, No. 240; Winn-Dixie Stores, Jacksonville, No. 340; Darden Restaurants, Orlando, No. 374; WellCare Health Plans, Tampa, No. 381; Ryder System, Miami, No. 371, and Harris, Melbourne, No. 447.

Two of the companies, Auto­Nation and Wellcare, posted losses in 2008.

Florida boasted 12 Fortune 500 companies for 2007, including Miami homebuilder Lennar Corp., which failed to make the listing for 2008 because of the drastic shrinkage in home construction last year.

Robert Trigaux can be reached at

Overall earnings of the top 10 on the list plunged 85 percent, to $98.9 billion from $645 billion in 2007, the biggest one-year decline in the list's 55-year history. Here are the top 10.

1. Exxon Mobil

2. Wal-Mart

3. Chevron Corp.

4. ConocoPhillips

5. General Electric Co.

6. General Motors Corp.

7. Ford Motor Co.

8. AT&T Inc.

9. Hewlett-Packard Co.

10. Valero Energy Corp.

Biggest winner: Engineering and construction company URS Corp. moved up the most, leaping 185 spots to No. 264.

Biggest losers: Insurance giant AIG, recipient of more than $180 billion in government bailout aid, fell 232 spots to 245. Banks, securities firms and insurers took cumulative losses of $213.4 billion, almost 70 percent of the total dollar decline from the peak year of 2006.

Associated Press

Exxon bumps Wal-Mart on Fortune 500 04/19/09 [Last modified: Sunday, April 19, 2009 8:16pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Trigaux: Tampa Bay household income tops $50,000 but still makes us look poor

    Personal Finance

    The good news is Tampa Bay's median household income finally crawled above $50,000 last year. The bad news is that figure — officially $51,115 by new U.S. Census Bureau data — still puts the Tampa Bay region as the poorest of the nation's 25 largest metro areas.

    Tampa Bay still has the lowest median household income among the 25 most populous metro areas, according to U.S. Census Bureau data.
  2. Make-A-Wish Foundation aims to help more kids in Tampa Bay


    The Make-A-Wish Foundation is on the lookout for sick children in the Tampa Bay area who need a once-in-a-lifetime pick-me-up.

    Grace Savage, a 10-year-old girl with a chromosomal disorder made a trek to the Clearwater Marine Aquarium last year, courtesy of the Make-A-Wish Foundation. The foundation intends to beef up its presence in the Tampa Bay area after a reorganization. The region is now the responsibility of the foundation's Southern Florida chapter, one of the most active in the country, with more than 11,000 wishes granted so far. [JIM DAMASKE   |   Times ]
  3. Florida hides details in nursing home reports. Federal agencies don't.


    TALLAHASSEE — Gov. Rick Scott widened his offensive Thursday against the Broward nursing home he blames for the deaths of 10 residents by setting up a tip line for information, but when it comes to access to the inspection reports of all nursing homes, the governor's administration has heavily censored what the …

    In the foreground is a document detailing the findings of a Feb. 2016 inspection at the Rehabilitation Center at Hollywood Hills obtained from a federal agency, the Center for Medicare and Medicaid Services. Behind it is the state?€™s version of the same document, from the Agency for Health Care Administration, showing how it has been redacted before being released to the public. [Miami Herald]
  4. 'Toxic' times: How repeal of Florida's tax on services reverberates, 30 years later

    State Roundup

    TALLAHASSEE — Long before Hurricane Irma attacked Florida, the state faced a troubled fiscal future that the storm will only make worse.

    Robertson says the tax debate is now “toxic.”
  5. Fewer Tampa Bay homeowners are underwater on their mortgages

    Real Estate

    The percentage of Tampa Bay homeowners underwater on their mortgages continues to drop. In the second quarter of this year, 10.2 percent of borrowers had negative equity compared to nearly 15 percent in the same period a year ago, CoreLogic reported Thursday. Nationally, 5.4 percent of all mortgaged homes were …

    The percentage of Tampa Bay homeowners underwater on their mortgages  continues to drop. [Times file photo]