Business: Wal-Mart Stays Top

Walmart keeps the top spot for the fifth consecutive year in FORTUNE's annual Global 500 list, ranking the world's largest corporations by revenue:

1. Walmart (U.S.) 
2. State Grid (China) 
3. Sinopec Group (China)
4. China Natural Petroleum (China) 
5. Royal Dutch Shell (Netherlands)
6. Toyota Motor (Japan) 
7. Volkswagen (Germany)  
8. BP (Britain)
9. Exxon Mobil (U.S.) 
10. Berkshire Hathaway (U.S.) 

Editor-in-Chief Clifton Leaf: “A decade ago, America was home to nearly a third (153) of the world’s 500 largest companies by revenue ... Our share is now a quarter (126). Over the same 10 years, meanwhile, China boosted its own representation on this venerable list from 29 companies to 111.”