Walmart is no longer at the top of the Fortune 500 list.
The list, released Monday, May 7, has bumped Walmart from number one to number two.
The magazine ranks companies based on their revenue.
Walmart reported more than $400 billion in revenue in 2011 and almost $16 billion in profits.
Exxon Mobil was ranked number one on the list, with a revenue of $453 billion.
For a look at the complete Fortune 500 list, click here.