For the eighth year in a row, Wal Mart topped this years list, generating $4 trillion in cumulative revenue. Its worth noting that Amazon, which made the list for the first time in 2002, jumped to second place - so it seems that the two largest companies in the United States are from the retail and Internet e-commerce industries. ExxonMobil, an oil and gas producer, was third.
Apple, which made its debut in 1983, fell out of the top three this year to fourth place. As sales in China fell, the iPhone makers total revenue fell 2% and profits fell 7%. At the same time, as the most profitable company among the top 500 companies in the United States last year, Apple was replaced by Berkshire Hathaway this year. Buffetts company set a new annual profit record in 2019 - a profit of $81.42 billion, double the previous high - in 2017 and 20 times the companys profit in 2018. (Note: the profit fluctuation is related to the change of GAAP in 2018.)
In terms of profitability, apple ranked second in the profit list, with the exception of Berkshire Hathaway; Microsofts profits soared 136.8% , become the third. Technology and finance remain the most profitable sectors, with nine of the top ten companies coming from both sectors.
Here are some highlights of this list:
u00b7The total number of employees in the top 500 of the United States is 29.19 million, an increase of 510000 over last year. Per capita revenue rose 1.9% to US $487000, while per capita profit rose 5.8% to US $42000.
u00b7Uber was ranked 228Th on the list for the first time.
u00b7Facebooks revenue rose 27% to rank 46th in the top 50.
u00b7Tesla, which set up a factory in Shanghai last year, rose 20 places to 124th.
u00b7Yum China, led by Qu Cuirong, rose 1 place to 361.
u00b7NVIDIA, run by another Chinese, Huang Renxun, slipped 24 places to 292.
u00b7There are 37 female CEOs on the list this year, four more than last year - the largest number of female CEOs in the history of the Fortune 500.
u00b7The top 50 Fortune 500 companies account for nearly half of the total revenue and profits.
u00b7The retail, utility and insurance industries have the largest number of top 500 companies in the United States.
u00b7The average age of the top 500 companies in the United States is 83. Two of the companies on the list were founded in the 18th century.
u00b7Healthcare companies led other industries in total revenue, up 12%. Total profits of industrial enterprises increased by 87% year on year, leading the growth of other industries.
u00b7Both general electric (33rd) and Boeing (40th) are down 12 places from a year ago, both at record lows.
The complete list is as follows:
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