Wal-Mart No. 1 on Fortune 500 List; Windstream Joins for First Time
Wal-Mart Stores Inc. of Bentonville has regained the top spot on Fortune magazine’s annual list of the country’s largest corporations, released Monday. Meanwhile, Windstream Corp. of Little Rock joined the list for the first time, ranking No. 414.
Wal-Mart, which ranked No. 2 on the list behind Exxon Mobil last year, ranked No. 1 with $469.2 billion in fiscal 2012 revenue. Exxon ranked No. 2 with $449.9 billion. Chevron ranked No. 3 with $233.9 billion.
Windstream, at No. 414, reported revenue of $6.3 billion. The broadband and wireline telecommunications firm’s inclusion on the list list comes about seven years after it formed as a spinoff of Alltel Corp.’s wireline assets. Windstream vaulted into the top 500 thanks to its $2.3 billion purchase of Peatec Holding Corp. in December of 2011. Click here to see which other Arkansas companies made the list.