MERIC NEWS LETTER

Missouri is Home to Ten Fortune 500 Companies

Fortune Magazine recently released the Fortune 500 list for 2006. The top five U.S. companies, by 2005 revenues, were Exxon Mobil ($339.9 billion), Wal-Mart ($315.7 billion), General Motors ($192.6 billion), Chevron ($189.5 billion), and Ford Motor ($177.2 billion). Exxon Mobil's move to number one on the list for the first time since 2001 ended Wal-Mart's four-year reign.

Companies on the Fortune 500 list had continued strong growth from 2004, with revenues and profits increasing over the year. Total revenues topped $9.1 trillion and profits grew to $610 billion. Of the 74 industry groups tracked by the Fortune 1000, only three lost money in 2005 - airlines, building materials and motor vehicles. Companies in the energy and financial sectors saw some of the greatest success over the year.

Ten Missouri-based companies made this year's list of the 500 companies with the greatest revenues, down one from last year. May Department Stores is no longer on the Fortune list after its acquisition by Federated Department Stores in 2005. Emerson Electric (126th) was the state's highest-ranking company for 2005 with revenues of $17.3 billion.

Most of the Missouri companies are headquartered in the St. Louis area, with the exception of H&R Block in Kansas City and Leggett & Platt in Carthage. Only Charter Communications reported a loss in profits in 2005.

These ten companies employ nearly 20,000 people in Missouri and pay wages totaling over $2.4 billion (Source: MERIC, QCEW Program).


Source: Fortune Magazine, April 2006

Missouri ranked 15th among the states in the number of Fortune 1000 company headquarters with 28. Of the surrounding states, only Illinois had more with 62. California led the states with 110 Fortune 1000 headquarters, followed by Texas (102), New York (92) and Ohio (62). Six states had no Fortune 1000 company headquarters.


Source: Fortune Magazine, April 2006


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