The Fortune 500 is the annual list that is compiled by the Fortune magazine, featuring the top five hundred American corporations. Here are the top ten Fortune 500 companies. The list is a mixture of both public and private companies. They are ranked according to their annual revenues.
You might be familiar with this name as this company is very huge and renowned. It is the first on the list due to t its 2.8% revenue increase. They have accumulated a total of 6.67 million dollars in profit. The total number of individuals being employed by this company is 2.2 million. The main reason why this company rose to number one 1 is due to the employment of grocery pickups in their stores. That change hiked up their profits by forty percent. They are also great at capitalizing on the problems of their rival stores. For instance, Walmart took charge of the market upon the downfall of Toys ‘R’ Us.
This company is based in Irving, Texas. Its profit rose by six percent while the revenue increased by nineteen percent from the previous year. Its boom is credited to the affordability of crude in the U.S. They also refined their chemicals which turned a profit. It is also very global, currently operating in six different continents in the world. Their diverse range of products also made them rise to the top. This company is one of the leading corporations in the world of energy trading. It currently employs seventy-one thousand employees.
It is the home of high-end phones and laptops. Apple currently employs one hundred and thirty-two thousand employees and ranks third in this list. Just last year did this company experience the milestone of being valued at one trillion dollars. It is actually struggling as their phone sales are going down since more people are valuing their phones and fewer individuals are shifting to their new products. The company adapted by opening a services provider department. Now they have iTunes, iCloud, and Apple Music, to name a few.
This is a financial company that has numerous investments. Its largest stock holding is actually Apple. The reason why this is only at the fourth spot is that it recently lost a three-billion-dollar investment in Kraft Heinz. This company currently employs three hundred and eighty-nine individuals all over the world. Its current profit amount stands at 4.02 million dollars.
Amazon is a consistent topper because of how frequently used it is by so many people all over the globe. It has a record of growing exponentially, and the numbers jumped even higher when they launched Amazon Web Services, their online software gig. Another thing that factored for their growth is the release of Echo digital assistants that are powered by Alexa. They also enforced overnight shipping which further boosted their sales and revenues. This eCommerce site is truly powerful and useful. As of today, they have six hundred and forty-seven thousand employees on their payroll.