Facebook Makes Fortune 500; Wal-Mart Tops List at No. 1

Published:10:37 am EDT, May 6, 2013| Updated:10:55 am EDT, May 6, 2013|
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Facebook CEO Mark Zuckerberg is celebrating his company's first appearance on the Fortune 500 list. (Getty Images)

Social media juggernaut Facebook has made its first appearance on the Fortune 500 list, ranking at No. 482 with $5.1 billion in revenues and $53 million in profits.

Fortune magazine released the annual revenues-based rankings this morning.

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Wal-Mart topped the list with $469.2 billion in revenues, followed by Exxon Mobil, Chevron, Phillips 66, Berkshire Hathaway and Apple, which, at No. 6, is in the top 10 for the first time — with $156.5 billion in revenues and more than 42 billion in profits. It jumped 11 places from last year's list.

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Read the full Fortune 500 list here.

Watch Fortune managing editor Leigh Gallagher on CBS This Morning below:

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