MONEYWATCH
Exxon Mobil tops the Fortune 500 list
May 07, 2012
May 07, 2012
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(CBS News) Oil giant Exxon Mobil tops Fortune magazine's Fortune 500 list.
The latest issue of Fortune magazine has the annual list of America's top earning corporations. In 2011, those 500 companies made a combined profit of $824.5 billion. The 2011 combined profit smashed the previous 2006 record of $785 billion and was a 16.4 percent profit increase over 2010.
See the full Fortune 500 list
"Corporate America is doing great right now," Andy Serwer, Fortune magazine managing editor, said Monday on "CBS This Morning."
"The consumer in America, not so great. Government in the United States, not so well,"
The latest issue of Fortune magazine has the annual list of America's top earning corporations. In 2011, those 500 companies made a combined profit of $824.5 billion. The 2011 combined profit smashed the previous 2006 record of $785 billion and was a 16.4 percent profit increase over 2010.
See the full Fortune 500 list
"Corporate America is doing great right now," Andy Serwer, Fortune magazine managing editor, said Monday on "CBS This Morning."
"The consumer in America, not so great. Government in the United States, not so well,"
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