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Wal-Mart tops global Fortune 500, edges out Shell

Screen Shot 2014-07-07 at 19.26.55Extract from a CBS money watch article published 7 July 2014

Wal-Mart Stores (WMT), the world’s largest retailer, topped the latest Fortune 500 global rankings of the most valuable companies by revenue, edging out Royal Dutch Shell (RDS.A), the Anglo-Dutch oil and natural gas company, which finished in second place. This marks a comeback for Wal-Mart, which trailed first-place finisher Shell last year. A 40 percent drop-off in profit and a 4.6 percent decline in sales in 2013 hurt the energy giant.

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