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The ''Fortune'' 500 is an annual list compiled and published by ''
Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck, a chance happening, or that which happens beyond a person's controls * Wealth, an abundance of items of economic value * Fortune, a prediction made in fortune-te ...
'' magazine that ranks 500 of the largest
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

United States
corporations A corporation is an organization—usually a group of people or a company A company, abbreviated as co., is a legal entity In law, a legal person is any person A person (plural people or persons) is a being that has certain capa ...
by total revenue for their respective fiscal years. The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The concept of the ''Fortune'' 500 was created by Edgar P. Smith, a ''Fortune'' editor, and the first list was published in 1955. The ''Fortune'' 500 is more commonly used than its subset ''Fortune'' 100 or superset ''Fortune'' 1000.


History

The ''Fortune'' 500, created by Edgar P. Smith, was first published in 1955. The original top ten companies were
General Motors General Motors Company (GM) is an American multinational Multinational may refer to: * Multinational corporation, a corporate organization operating in multiple countries * Multinational force, a military body from multiple countries * Multinat ...

General Motors
,
Jersey Standard Exxon is the brand name of the oil and natural resources company Exxon Corporation which was, prior to 1972, known as Standard Oil Company of New Jersey. In 1999, Exxon Corporation merged with Mobil Mobil, previously known as the Socony-Vac ...
, U.S. Steel,
General Electric General Electric Company (GE) is an American Multinational corporation, multinational Conglomerate (company), conglomerate incorporated in New York State and headquartered in Boston. Until 2021, the company operated through GE Aviation, aviat ...
, Esmark,
Chrysler Chrysler (; officially Stellantis North America) is one of the " Big Three" automobile manufacturer The automotive industry comprises a wide range of companies A company, abbreviated as co., is a legal entity In law, a legal pers ...

Chrysler
,
Armour Armour (British English British English (BrE) is the standard dialect A standard language (also standard variety, standard dialect, and standard) is a language variety that has undergone substantial codification of grammar and usage a ...

Armour
,
Gulf Oil Gulf Oil was a major global oil company from 1901 until March 15, 1985. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the so-called Seven Sisters oil companies. Prior to its merger w ...

Gulf Oil
,
Mobil Mobil Corporation, (originally Standard Oil Company of New York and then Socony-Vacuum Oil Company) was an American oil company that merged with Exxon Exxon is the brand A brand is a name, term, design, symbol or any other feature th ...

Mobil
, and
DuPont DuPont de Nemours, Inc., commonly known as DuPont, is an American company formed by the merger of Dow Chemical The Dow Chemical Company (TDCC) is an American multinational chemical corporation headquartered in Midland, Michigan, United Sta ...
.


Methodology

The original ''Fortune'' 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration. At the same time, ''Fortune'' published companion "''Fortune'' 50" lists of the 50 largest commercial banks (ranked by assets), utilities (ranked by assets), life insurance companies (ranked by assets), retailers (ranked by gross revenues) and transportation companies (ranked by revenues). ''Fortune'' magazine changed its methodology in 1994 to include service companies. With the change came 291 new entrants to the famous list including three in the Top 10. There is a lag in creating the list, so for example, the 2019 ''Fortune'' 500 is based on each company's financial years ending in late 2018 (most commonly, on December 31), or early 2019.


Influence

As of 2020, the ''Fortune'' 500 companies represent approximately two-thirds of the United States's Gross Domestic Product with approximately $14.2 trillion in revenue, $1.2 trillion in profits, and $20.4 trillion in total market value. These revenue figures also account for approximately 18% of the
gross world product The gross world product (GWP) is the combined gross national income The Gross National Income (GNI), previously known as Gross National Product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of Gr ...
. The companies collectively employ a total of 29.2 million people worldwide, or nearly 0.4% of the .


Overview

The following is the list of top 10 companies.


Breakdown by state

This is the list of the top 10 states with the most companies within the Fortune 500.


See also

*
40 under 40 (Fortune Magazine) ''Fortune'' magazine's 40 Under 40 is a list of individuals the publication considers to be the most influential young leaders for the year. The list has existed in two phases: First, from 1999 to 2003, purely as a numeric ranking of wealth, captu ...
* ''Fortune'' Global 500 * ''Fortune'' India 500 * ''Fortune'' 1000 *
List of largest companies in the United States by revenue This list comprises the largest companies in the United States The United States of America (USA), commonly known as the United States (U.S. or US), or America, is a country Contiguous United States, primarily located in North America. It c ...
*
List of largest companies by revenue This list comprises the world's largest companies by consolidated 2020 revenue In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial rev ...
*
List of Fortune 500 computer software and information companies This is a list of computer software and information technologies that are in the Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck ...
* List of women CEOs of ''Fortune'' 500 companies * ''Forbes'' Global 2000 * Total ''Fortune'' 1000 companies by urban area list


References


External links


Official website
* Full list of Fortune 500 companies
200620072008

20092010201120122013201420152016201720182019
{{authority control Lists of companies by revenue
Fortune (magazine){{DISPLAYTITLE:''Fortune'' (magazine) This is about the magazine '' Fortune''. Business magazines published in the United States Magazines formerly owned by Meredith Corporation Wikipedia categories named after magazines ...
Top lists Annual magazine issues