More women CEOs on Fortune 500 list than ever before
General Motors CEO Mary Barra was one of 33 female CEOs on the Fortune 500 list for 2019. File Photo by Christophe Petit Tesson/EPA
May 16 (UPI) –Fortune magazine released its annual list Thursday of the top 500 U.S. companies, and it includes more female chief executives than ever before.
The annual list, which ranks companies by revenue, showed retail giant Walmart is the clear No. 1, with $514.4 billion last year — nearly twice the revenues of the No. 2 company, ExxonMobil ($290.2 billion). Apple ($265.6B), Berkshire Hathaway ($247.8B) andAmazon($232.9B) round out the top five.
UnitedHealth ($266.2B), pharma company McKesson ($208.3B), CVS Health ($194.5B), AT&T ($170.7B) and AmerisourceBergen ($167.9B) completed the top 10.
Amazon was the greatest mover on this years list, jumping from No. 8 last year to fifth.RELATEDElon Musk, SEC given one more week to resolve contempt dispute
The ranking includes more companies with female CEOs, 33, than ever before — one more than the previous record set two years ago.
Fortune said only 500 companies produced enough revenue make this years list, equaling two-thirds of the United States total economic output.
These same American businesses sold an astounding $13.7 trillion worth of goods and services, a record sum whether you measure it in nominal dollars or adjusted for inflation, Fortunesaid in a statement. But focus in on the numbers and youll discover something yet more remarkable: that just a 10th of these companies account for nearly half (48 percent) of that total revenue.RELATEDWarren Buffett: Were just seeing the start of LeBron James
Fortune said six on the list own at least $1 trillion in assets, roughly equal to the gross domestic product of some countries.
Automaker Ford surpassed rival General Motors on this years list — ranked No. 12 (down from 11th a year ago) as GM fell to 13th (down from No. 10).
Googles parent company Alphabet proved to bethe best moverof any company in the top 20 — leaping seven spots to No. 15, thanks to a 143 percent profit increase in 2018.
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