By Alan Murray and Geoffrey Smith
June 7, 2017

Good morning.

The 63rd annual Fortune 500 list is out this morning, and—drum roll, please—the five biggest public companies in the U.S., measured by revenue, are:

1) Walmart

2) Berkshire Hathaway

3) Apple

4) Exxon Mobil

5) McKesson

Walmart has a pretty firm lock on the top spot, which it has occupied for five years straight. But what’s interesting is the rise of Warren Buffet’s Berkshire Hathaway, which may seem like yesterday’s company but this year achieved its highest ranking ever. That’s partly because both Apple and Exxon saw revenues slip, 7.7% and 16.7% respectively.

Still, tech hasn’t lost its mojo, with Amazon weighing in at number 12, up from 18 last year; Alphabet moving up to 27 from 36; Facebook jumping to 98 from 157; and Netflix moving to 314 from 379. If you rank them by market value, Apple is 1, Alphabet is 2, Microsoft is 3 and Amazon is 4—giving a clear sense of where investors think the future lies.

There are also some interesting newcomers to the list this year, including Tesla, which weighed in at number 383, Activision Blizzard, and Adobe. If you are still puzzling over Monday’s quiz question, the answer is Activision’s Bobby Kotick, who earned $33 million last year and is dating Facebook’s Sheryl Sandberg. You can read Fortune’s new stories about Tesla’s growth in China and Activision’s stunning ascent here and here.

A few fun facts based on our survey of Fortune 500 CEOs:

  • Most of the CEOs believe over the next twelve months the global economy will either be about the same as last year (60%) or better (36%). Only 4% think it will be worse;
  • 68% expect to increase their company’s employment over the next two years; only 19% plan to cut;
  • 61% say the election of Donald Trump has had no effect on their business; 26% say he’s been good for their business; and 13% say bad; and
  • 77% say Trump’s election has had no effect on their hiring plans this year, while 22% say they will hire more than planned because of Trump and his policies; only 1% said they will hire less than planned.

You can find the full list here. More news below.

Alan Murray
@alansmurray
alan.murray@fortune.com

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