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CNBC Quizzes

Quiz: QUIZ: ExxonMobil

Question 3 of 5

In 2007 and 2008, what corporation took ExxonMobil's place at the top of the Fortune 500 list, only to see it taken back in 2009?

  1. Bank Of America
  2. Chevron
  3. General Electric
  4. Wal-Mart
Correct!

2008 saw Wal-Mart take the top spot on the Fortune 500 list, an honor that it had taken from ExxonMobil in 2007. The two companies had spent most of the decade tangling with one another for first place, and ExxonMobil was the only corporation to take the title away from the department store chain in an otherwise unbroken stretch of seven years. But Wal-Mart had taken the top spot despite sluggish consumer spending, or perhaps because of it. In a possible omen of the coming economic crisis, consumer spending had been shifting to discount retailers like Wal-Mart as unemployment rose and real estate values sank.

SOURCE: Wal-Mart Remains Atop Fortune 500 | Los Angeles Times