Wal-Mart Stores Inc. once again leads Fortune's list of the 500 biggest U.S. companies by revenue, as the world's biggest retailer succeeded in posting strong growth despite a challenging economy for its shoppers.
The Bentonville, Ark., company's revenue grew nearly 6 percent in 2012 to $469.2 billion.
Exxon Mobil Inc. dropped to the second spot, with revenue of $449.9 billion, but was still the most profitable. Energy companies continued to dominate the top of the list, with rival oil and gas producer Chevron holding steady at No. 3 and refiners Valero Energy and Phillips 66, spun off from ConocoPhillips last year, joining the top 10.
Fortune Magazine released its annual ranking on Monday.
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