Fortune Magazine recently released its list of America’s largest 500 companies for 2020 recently, famously called the Fortune 500 companies.
This is the 66th edition of the list and the companies on the list this year represent 66 per cent of America’s economy, amounting to a massive $14.2 trillion in terms of revenue.
While there were some minor changes in rankings, the same 10 companies from 2019 were in the top 10 this year too.
In terms of ranking for this year, retail giant Walmart topped the list for the eighth consecutive year. E-commerce behemoth Amazon made a massive jump to the second place this year from fifth place last year, reaching its highest ranking ever.
Oil and gas company Exxon Mobile, technology company Apple, and healthcare company CVS Health on the third, fourth, and fifth position respectively rounded off the top 5 on the list.
Multinational conglomerate Berkshire Hathway headed by Warren Buffett was the Most Profitable Company on the list. It was followed by Apple, Microsoft, and JPMorgan Chase.
There were quite a few first timers on the list, which included Dow at number 78, Baker Hughes at 129, and Uber Technologies at number 228.
Here is a list of the top 25 companies on the list.
- Walmart
Retail Company
- Amazon.com
E-commerce company
- Exxon Mobile
Corporation
- Apple
Technology company
- CVS Health
Healthcare company
- Berkshire Hathway
Multinational conglomerate company
- UnitedHealth Group
Managed care company
- McKesson
Health care company
- AT&T
Telecommunications company
- AmerisourceBergen
Wholesale company
- Alphabet
Multinational conglomerate company
- Ford Motor
Automaker company
- Cigna
Insurance company
- Costco Wholesale
Retail company
- Chevron
Oil industry company
- Cardinal Health
Health care company
- JP Morgan Chase
Investment banking company
- General Motors
Vehicle manufacturer
- Walgreen Boots Alliance
Retail pharmacy company
- Verizon Communications
Telecommunications company
- Microsoft
Technology company
- Marathon Petroleum
Petroleum refining company
- Kroger
Retail company
- Fannie Mae
Mortgage loan company
- Bank of America
Investment banking company
View the entire list here.
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