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

Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.

Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 11,031,905 — Total deaths: 523,777 — Total recoveries — 5,834,337Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,788,395 — Total deaths: 129,306 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
12 hours ago - Sports

Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.