General Motors slipped from the top five list in the latest Fortune 500 rankings, going from fifth to seventh place. Leapfrogging the automaker was Warren Buffett’s Berkshire Hathaway (5th), and Apple (6th). The news comes just after General Motors announced its Q1 2013 financial results, earning $100 million less than it did in Q1 2012.
Rounding out the top is a trio of oil companies, namely Phillips 66 (4th), Chevron (3rd), and Exxon Mobil (2nd). The top spot, was none other than Walmart. We’re sure everyone in Arkansas is thrilled with the results.