Missouri is Home to Ten Fortune 500 Companies
Fortune Magazine recently released the Fortune 500 list for 2007. The top five U.S. companies, by 2006 revenues, were Wal-Mart ($351.1 billion), Exxon Mobil ($347.3 billion), General Motors ($207.4 billion), Chevron ($200.6 billion), and Conoco Phillips ($172.5 billion). Wal-Mart's became number one again after a slide to second in 2006 behind Exxon Mobile.
Companies on the Fortune 500 list had continued strong growth from 2006, with revenues and profits increasing over the year. Total revenues topped $9.9 trillion and profits grew to $785 billion. Of the 74 industry groups tracked by the magazine, only two - Automotive Retailing and Motor Vehicles and Parts lost money in 2006. 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. Emerson Electric (115th) was the state's highest-ranking company for 2006 with revenues of $20.1 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 2006.
These ten companies employ nearly 30,300 people in Missouri and pay wages totaling over $2.9 billion (Source: MERIC, QCEW Program).
Source: Fortune Magazine, April 2007
Missouri ranked 16th among the states in the number of Fortune 500 company headquarters with 10. Of the surrounding states, only Illinois had more with 33. New York led the states with 57 Fortune 500 headquarters, followed by Texas (56) and California (52). Eleven states had no Fortune 500 company headquarters. The map below illustrates the number of Fortune 500 companies located in each state.