Fortune 500 2017 Rankings

Fortune 500 2017 RankingsFortune 500 2017 RankingsFortune 500 2017 RankingsOn Wednesday, June 7, Fortune magazine released this years Fortune 500 rankings marking the 63rd running of the list. In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $12 trillion in revenues, $890 billion in profits, $19 trillion in market value, and employ 28.2 1000000 people worldwide.Key InsightsFor the fifth consecutive year, Walmart tops the Fortune 500 list with $485 billion in revenue.Berkshire Hathaway leaped over Apple to reach the No. 2 spot, its highest ranking ever.The fruchtwein profitable company on the list continues to be Apple with $46 billion in profits despite at 7.7% drop in sales and takes the No. 3 spot overall.Overall revenues were up 0.5%, or $61 billion, over 2015 reflecting the economys slow but steady growth.The total number of people employed at Fortune 500 companies rose 1% from 27.9 million.This year marks a noticeable gain in women CEOs for Fortune 5000 companies which have been little changed for a number of years. Still small less than 10 percent of the CEOs for Fortune 500 companies are women it is a big increase from 21 female CEOs on last years list to 32 this year.15 companies fell off the Fortune 500 listan improvement from the 29 companies that fell from last years list. The majority fell as a result of the long-term oil glut, which clobbered revenues for energy companies.2017 Fortune 500 Top 10 (Annual revenue in millions)Walmart, $485,873Berkshire Hathaway, $223,604Apple, $215,639Exxon Mobil, $205,004McKesson, $192,487UnitedHealth Group, $184,840CVS Health, $177,526General Motors, $166,380ATT, $163,786Ford Motor, $151,800The top 10 companies make up just 2 percent of the list but combined have revenue of $2 trillion, or 18 percent, of all Fortune 500 companies.Top 10 Biggest JumpsNewell Brands, up 226 spotsCharter Communications, up 196 spotsXPO Logistics, up 162 spotsFrontier Communications, up 148 spotsJ.M. Smucker, u p 106 spotsFidelity National Information Services, up 91 spotsPulteGroup, up 80 spotsZimmer Biomet Holdings, up 79 spotsCore-Mark Holding, up 70 spotsWEC Energy Group, up 69 spotsFive companies jumped over 100 spots primarily the result of acquisitions. Newell Brands moved 226 spots which had acquired Jarden at the end of 2015. Charter Communications acquired Time Warner Cable and moved 196 spots.The Top 10 Most Profitable (Annual profit in millions)Apple, $45,687J.P. Morgan Chase, $24,733Berkshire Hathaway, $24,074Wells Fargo, $21,938Alphabet, $19,478Bank of America Corp., $17,906Microsoft, $16,798Johnson Johnson, $16,540Citigroup, $14,912Altria Group, $14,239The overall profits for all Fortune 500 companies are up 6% from the year before even though 62 companies operated at a loss during the last fiscal year with a combined profit loss of $63 billion. This is an improvement from the previous list in which 55 companies operated at a combined profit loss of $132 billion.The Top 10 Biggest EmployersWalmart, 2.3 million employeesKroger, 443,000employeesYum China Holdings, 420,000employeesIBM, 414,400employeesHome Depot, 406,000employeesMcDonalds 375,000employeesBerkshire Hathaway, 367,700employeesAmazon.com, 341,400employeesFedEx, 335,767employeesUPS, 335,520employeesThis year marks the highest recorded total historically for the Fortune 500 list at 28 million people.32 companies employ more than 200,000 people and many areconsumer facing. Consumer facing companies tend to hire more people compared to a technology company that can typically scale their business with fewer resources due to the nature of the work involved.Fortune 500 Newcomers (Annual revenue in millions)Hewlett Packard Enterprise, $50,123Synchrony Financial, $15,122Alcoa, $9,318Tesla, $7,000Ascena Retail Group, $6,995 (No. 523, 2016 Fortune 1000)Nvidia, $6,910 (No. 508, 2016 Fortune 1000)Yum China Holdings, $6,752Activision Blizzard, $6,608 (No. 532, 2016 Fortune 1000)Berry Global Group, $6,489B uilder FirstSource, $6,367 (No. 637, 2016 Fortune 1000)TreeHouse Foods, $6,175 (No. 686, 2016 Fortune 1000)Intercontinental Exchange, $5,958 (No. 529, 2016 Fortune 1000)Adobe Systems, $5,854 (No. 524, 2016 Fortune 1000)American Tower, $5,786 (No. 526, 2016 Fortune 1000)Patterson, $5,555 (No. 559, 2016 Fortune 1000)AmTrust Financial Services, $5,451 (No. 531, 2016 Fortune 1000)Chemours, $5,400Liberty Media, $5,276 (No. 525, 2016 Fortune 1000)Michaels Cos., $5,197 (No., 517, 2016 Fortune 1000)Vistra Energy, $5,164Twelve companies from last years Fortune 1000 list made the Fortune 500 list for the first time. The newcomer list includes some rising tech companies, including Elon Musks electric car company, Tesla, and the prior video game company, Activision, now a film and e-sports company. Another noteworthy company to watch is YUM China which is succeeding in a very huge market.Full Fortune 500 List