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Amazon CEO Jeff Bezos. Photo: Amanda Edwards/WireImage

Companies from all sectors — retail, tech, health care, telecommunications, and the auto industry — made an appearance near the top of this year's Fortune 500, but Walmart snagged the pole position for the sixth year in a row.

The big picture: Traditional corporate giants Exxon Mobil and Berkshire Hathaway rounded out the top three, but the most impressive gains came from the tech sphere. Apple had the highest profits of any U.S. company, Amazon romped into the top 10, and relative upstarts like Tesla, Netflix, and Nvidia all notched strong showings for investors.

The top ten (largest U.S. corporations, ranked by revenue for 2017 fiscal year):

  1. Walmart
  2. Exxon Mobil
  3. Berkshire Hathaway
  4. Apple
  5. UnitedHealth Group
  6. McKesson
  7. CVS Health
  8. Amazon
  9. AT&T
  10. GM

Inside the list:

  • "Walmart claimed the top spot in the 500 for a sixth straight year and became the first company in history to generate $500 billion in annual sales."
  • "No. 2 Exxon Mobil: Crude prices rebounded in 2017."
  • "Apple took a small step back, from No. 3 to No. 4, despite a 6% gain in annual sales, but it led the way in profits with more than $48 billion in net income."
  • "Amazon cracked the top 10 for the first time, continuing its remarkable growth run: Sales have jumped some $70 billion in two years."
  • "Elon Musk's electric-car company, Tesla (No. 260), made the biggest leap [from last year] ... moving up 123 spots."
  • "Netflix (No. 261) led all Fortune 500 companies in annual ten-year total return to shareholders through 2017."
  • "A gaming-giant-turned-A.I.-authority, chipmaker Nvidia (No. 306) rocketed up more than 80 spots on this year's list and led all Fortune 500 companies in annual five-year return to shareholders through 2017."

See the full 64th annual list.

Go deeper

Bryan Walsh, author of Future
Updated 5 hours ago - Technology

A dark view of the future of autonomous weapons

A still from the video "If Human: Kill ( )." Image: Future of Life Institute

A new short film warns of the coming risks posed by the development and proliferation of lethal autonomous weapons.

Why it matters: Drones with the ability to autonomously target and kill without the assistance of a human operator are reportedly already being used on battlefields, and time is running out to craft a global ban of what could be a destabilizing and terrifying new class of weapon.

Updated 5 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Coronavirus variant surveillance varies widely by state — Omicron cases confirmed in 5 U.S. states America probably won't lead the effort to understand Omicron.
  2. Vaccines: Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters — Moderna loses patent battles tied to COVID vaccine — Pfizer could have vaccine data for children under five by end of 2021, CEO says.
  3. Politics: Nevada to impose insurance surcharge on unvaccinated state workers — New Jersey GOP lawmakers defy statehouse COVID policy — Oklahoma sues Biden administration over Pentagon vaccine mandate — Omicron travel bans are sign of what's to come.
  4. World: WHO: Delta health measures help fight Omicron — COVID cases surge in South Africa in sign Omicron wave is coming — Germany approves new restrictions for unvaccinated people.
  5. Variant tracker: Where different strains are spreading.
Updated 11 hours ago - Politics & Policy

Prosecutors charge parents of Michigan school shooting suspect

Photo: Scott Olson/Getty Images

The parents of a 15-year-old accused of killing four students and wounding seven other people at a Michigan high school have been charged with four counts of involuntary manslaughter, according to court documents.

The latest: Lawyers for James and Jennifer Crumbley told the Detroit News they are "returning to the area to be arraigned," after law enforcement officials announced a search for the Crumbleys had been initiated.