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Top Fortune Companies 2006 |
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Fortune magazine has released it's annual list of the largest corporations in the United States by revenue. The Fortune 500 list now has a new leading company at the top after Wal-Mart held the position for the previous 4 years.
It's hardly a surprise that the new company to take the number spot would be an oil company. With oil prices soaring, all the major oil companies are moving up the Fortune 500 list. The oil giant Exxon Mobil is at the top, bringing in $339.9 billion revenue over the past year, or $36.1 billion in profit. That's nearly a billion dollars in sales daily or more than 3 times the profit of the retailing giant Wal-Mart in second place.
Other oil companies in the top 10 taking advantage of the high gas prices include Chevron in fourth place (up 2 places), and ConocoPhilips moving from seventh to sixth place this year.
Many of the largest companies in America improved their revenue and profit over the past year because of the improving economic conditions around the world. With the worldwide economic growth estimated at 4.25% by the Organization for Economic Cooperation and Development, many major American companies profited. Growth areas like China, India, and the recovering Japan were places that Fortune 500 companies took advantage of. Cait Murphy of the Fortune magazine said that "If the global economic growth is strong, then the 500 will do well because they have substantial operations and sales abroad."
The Fortune 500 list measures corporations by their revenue and profits earned each year. It was started back in 1954 and has only ever had three different companies take the number one position on the list. They include the oil giant Exxon Mobil, the retailer Wal-Mart, and the now troubled vehicle manufacturer General Motors. |
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| Ford Motor 2006 |
| Ford Motor Credit Company reported net income of $1,283 million in 2006, down $621 million from earnings of $1,904 million a year earlier. |
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| Wal-mart Stores 2006 |
| Wal-Mart Stores, Inc. is an American public corporation, currently one of the world's largest corporations (by revenues) according to the 2007 Fortune 500. |
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| Exxon Mobil 2006 |
| We are the world's largest publicly traded international oil and gas company, providing energy that helps underpin growing economies and improve living standards around the world. |
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| WalMart Stores 2006 |
| The scope and scale of our business presents great potential to effect positive change. We see opportunities to influence our own operations, while also leading change in the business world at large. |
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| General Motors 2006 |
| General Motors Corporation, also known as GM, an American multinational corporation, is the world's largest auto company by annual production volume for 2006. |
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| Chevron 2006 |
| Chevron is a collaborative enterprise whose many parts work in concert to deliver vital energy. Acting with a common vision all around the world, our various businesses fulfill our commitment to provide the energy that drives human progress. |
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| ConocoPhillips 2006 |
| ConocoPhillips is committed to delivering a strong total return to shareholders, a measure that reached 26.5 percent in 2006 and was well above the industry average. |
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| General Electric 2006 |
| The General Electric Company, or GE (NYSE: GE) is a multinational American technology and services conglomerate incorporated in the State of New York. |
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| Citigroup 2006 |
| IRVINE, Calif. IntraLase Corp. (Nasdaq:ILSE) today announced that Robert J. Palmisano, president and chief executive officer, will make a presentation to investors and financial analysts during the Citigroup 2006 Healthcare Conference in Washington. |
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| American International 2006 |
| Manufacturer and distributor of beauty and grooming products that are sold in retail stores and professional beauty supply stores throughout the world. |
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| Intl. Business Machines 2006 |
| International Business Machines (IBM) is the world's top provider of computer products and services. |
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| Hewlett-Packard 2006 |
| Hewlett-Packard Company (NYSE: HPQ), commonly known as HP or H‐P, is the world's largest information technology corporation (by revenue) and is known worldwide for its printers, personal computers, and high-end servers. |
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| Bank Of America Corp. 2006 |
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| Berkshire Hathaway 2006 |
| Berkshire Hathaway is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. |
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| Valero Energy 2006 |
| Valero Energy, the largest independent oil refiner in North America, reported last month its profit fell 17 percent in the fourth quarter on lower revenue and reduced refining margins, but the company still managed to post its biggest annual profit ever. |
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| McKesson 2006 |
| McKesson Corporation is a large United States-based corporation specializing in the distribution of health care systems, medical supplies and pharmaceutical products. It is a Fortune Global 500 company, the 16th largest company in the United States and the single largest health care company in the world. |
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| Home Depot 2006 |
| The Home Depot is an American retailer of home improvement and construction products and services. |
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| J.P. Morgan Chase & Co. 2006 |
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| Verizon Communications 2006 |
| Verizon Communications Inc. (Verizon) is one of the world’s leading providers of communications services. |
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| Cardinal Health, Inc. 2006 |
| Cardinal Health, Inc. is the leading provider of products and services supporting the health care industry. |
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| Wegmans Food Markets 2006 |
| Wegmans Food Markets, Inc. is a privately held, family-run corporation that operates 47 supermarkets, 14 Chase-Pitkin Home and Garden stores, and a child development center in upstate New York. |
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| Genentech 2006 |
| Genentech Inc., a composite of Genetic Engineering Technology, Inc., is a leading biotechnology corporation, which was founded in 1976 by venture capitalist Robert A. |
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| Griffin Hospital 2006 |
| Renowned for its patient service, Griffin has hosted visits from more than 580 other hospitals hoping to learn how it does it. Employees rave about the caring atmosphere and the “Griffin family.” |
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| Marriott International 2006 |
| arriott International, Inc. is a worldwide operator and franchisor of a range of value and luxury hotels and related lodging facilities. Marriott currently has 2,300 accommodation properties in North America alone. |
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| J. M. Smucker Company 2006 |
| The J. M. Smucker Company is a manufacturer of fruit spreads, ice cream toppings, health and natural foods, beverages, shortening, and natural peanut butter in North America. |
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| Recreational Equipment (REI) 2006 |
| Outdoor gear and clothing from Recreational Equipment, Inc. (REI) outfits everyone from mountain climbers to mall walkers. |
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| S. C. Johnson & Son 2006 |
| S. C. Johnson (S. C. Johnson & Son, Inc.), previously known as S. C. Johnson Wax, is a global manufacturer of household cleaning supplies and other consumer chemicals based in Racine, Wisconsin. |
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| Boston Consulting Group 2006 |
| Boston Consulting Group (BCG) is a prestigious management consulting firm founded by Bruce Henderson in 1963. |
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| HomeBanc Mortage 2006 |
| Originally founded as a small Atlanta-based mortgage company with 150 employees in a single office, HomeBanc has extended its operations across the Southeast to include more then 1,300 employees, 25 remote offices, 200 co-located offices and 700 mobile users. |
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| Whole Foods Market 2006 |
| Whole Foods Market is an Austin, Texas-based natural foods grocer, which, as of September 26, 2007, consisted of over 270 locations in the United States, Canada, and the United Kingdom. |
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| Northwest Community Hospital 2006 |
| Northwest Community Hospital opened its doors, marking the culmination of a multi-year community effort led by a group of visionary civic and business leaders who perceived the need for quality, community-focused healthcare in the northwest suburbs of Chicago. |
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| Nixon Peabody 2006 |
| Nixon Peabody provides independent, objective advice to help you formulate a clear plan for achieving your personal financial goals. |
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| Commerce Bancorp 2006 |
| Commerce Bancorp, doing business as Commerce Bank, is a Cherry Hill, New Jersey, based bank holding company that offers banking, insurance, brokerage, and investment banking services in New Jersey, Pennsylvania, Delaware, New York, Connecticut, Virginia, Washington, D.C., Florida, and Maryland. |
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| Compass Bancshares 2006 |
| Compass Bancshares, Inc. is a privately held company based in Birmingham, Alabama. |
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| Kimley-Horn And Associates 2006 |
| Kimley-Horn And Associates was founded in 1967 in Raleigh, NC as a transportation design firm. Today, the company is a full-service engineering, planning, and environmental consulting firm providing services to public and private clients nationwide. |
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| American Century Investments 2006 |
| American Century Investments is a privately held investment management firm. |
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| David Weekley Homes 2006 |
| David Weekley Homes sees homebuilding from the customer's point of view. From design and decorator selections, to construction and warranty work. |
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| Nike 2006 |
| Nike, Inc. , headquarted in the USA near Portland, Oregon, is the world's leading supplier of athletic shoes, apparel and sports equipment. |
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| General Mills 2006 |
| General Mills is a Fortune 500 corporation, mainly concerned with food products, which is headquartered in Golden Valley, Minnesota, a suburb of Minneapolis. |
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| Mayo Clinic 2006 |
| Mayo Clinic is an internationally renowned medical practice based in Rochester, Minnesota, USA integrated with hospital facilities and a medical school. |
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| John Wiley & Sons 2006 |
| John Wiley & Sons, Inc., often referred to as Wiley, is a well-known publishing company specializing in scientific, technical, business related texts, and medical books and journals. However, in the last few years, Wiley has also started publishing books on politics and current affairs. |
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| Baptist Health South Florida 2006 |
| Cancer is a leading cause of death in the US, yet each year brings diagnostic and treatment discoveries that lead to new hope for individuals and families as they learn about and manage this disease. |
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| ExxonMobil 2006 |
| Exxon Mobil Corporation, a controversial, multi-national American corporation and a direct descendant of John D. Rockefeller's Standard Oil company, is the largest publicly traded integrated petroleum and natural gas company in the world, formed on November 30, 1999, by the merger of Exxon and Mobil. |
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| New York Life Insurance 2006 |
| New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world |
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| TIAA-CREF 2006 |
| TIAA-CREF is one of the largest financial services companies in the United States, with more than $428 billion in assets under management as of June 30, 2007. |
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| Hartford Financial Services 2006 |
| Hartford Financial Services Group, Inc., (NYSE: HIG), usually known as The Hartford, is a Fortune 100 company and one of the nation’s largest investment and insurance concerns. |
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| Allstate 2006 |
| Allstate Corporation NYSE: ALL is the largest publicly held personal lines insurer in the United States. Allstate was founded in 1931 as part of Sears, Roebuck and Company. |
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| Honeywell 2006 |
| Honeywell (NYSE: HON) is a major American multinational conglomerate company that produces a variety of consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations. |
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| FedEx 2006 |
| FedEx provides access to a growing global marketplace through a network of supply chain, transportation, business and related information services. |
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| Prudential Financial 2006 |
| Prudential Financial companies serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the U.S. |
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| The Walt Disney Company 2006 |
| The Walt Disney Company is one of the largest media and entertainment corporations in the world. |
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| PepsiCo 2006 |
| PepsiCo, Incorporated is a global American beverage and snack company. The company manufactures, markets and sells a variety of carbonated and non-carbonated beverages, as well as salty, sweet and grain-based snacks. |
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| Intel Corporation 2006 |
| Intel Corporation is the world's largest semiconductor company and the inventor of the x86 series of microprocessors, the processors found in many personal computers. |
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