Fortune 500 Top 10 companies: Who’s the new No. 1?

Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.

1. Wal-Mart

Amy Sancetta/AP/File
The rain-soaked handle of a shopping cart outside a Walmart store in Mayfield Heights, Ohio.

Headquarters: Bentonville, Ark.

Revenue: $469.2 billion

Profit: $16.9 billion

2012 rank:  2

Wal-Mart and ExxonMobil have traded the top spot back and forth several times, but the world’s largest retailer comes out on top this time despite a year rife with controversy: It faces accusation that its Mexican subsidiary bribed government officials in order to expand locations there, and the probe has since expanded to Brazil, India, and China. Nevertheless, the retailer operates a multinational empire, with 10,800 stores operating in 26 nations besides the US, and employing some 2.2 million employers, making it the largest private employer in the world.

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