Wal-Mart Stores posted '07 revenues of $378.8 billion (up 7.9 percent from 2006) and profits of $12.7 billion.

These figures again made it the No. 1 corporation in the Fortune 500, Fortune announced, MarketingCharts reports.

Wal-Mart is also the biggest employer, employing more people (2 million) than the US armed forces (1.4 million).

Below, the top 10 largest corporations in the US, by revenue:

Highlights from the top 10:

• Exxon Mobil was at No. 2 ($372.8 billion in revenue and $40.6 billion in profits) — the fifth straight year (and seven of the last eight) it led in profits.
• Chevron moved one spot up to No. 3, with $210.8 billion in revenue and profits of $18.7 billion, and ConocoPhillips held the No. 5 position.
• AT&T, ranked No. 10, is used by every company on the Fortune 500 for data and phone connections; one in three Americans uses a cellphone on an AT&T wireless network.

Other key findings, from the Fortune 500:

• From 2006 to 2007, overall Fortune 500 revenue increased 7.1 percent to $10.6 trillion; profits decreased 17.8 percent, to $645.2 billion.
• By market value, the largest companies were Exxon Mobil, General Electric, Microsoft, AT&T and Procter & Gamble.
• The fastest-growing companies in profits in 2007 were…
  • AK Steel Holding
  • Qwest Communications
  • Pitney Bowes
  • Williams
  • MeadWestvaco
• Due to the boom in energy and commodities, Hess, Deere, and AK Steel Holding were among the top 20 performing stocks of 2007. Also included were Apple, Amazon.com, and Gamestop.
• The states with the most Fortune 500 corporate headquarters:
  • Texas - 58
  • New York - 55
  • California - 52
  • Illinois - 33
  • Ohio - 28

  The complete list and related stories appears in the May 5th issue of Fortune and at http://www.fortune.com/500.

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