Fortune 500 is an annual list compiled and published by Fortune Magazine ranking the Unites States’ 500 largest private and public corporations on the basis of their gross revenue. The first Fortune 500 list was published in 1955.
Following are the the names of the ten largest Fortune 500 corporations for the year of 2011.
Walmart
Walmart is a multinational corporation that runs some 8500 large discount department stores and warehouse stores in 15 countries. It was founded 1962 by Sam Walton and has been headquartered in Bentonville, Arkansas since.
ExxonMobil
ExxonMobil is a multinational oil and gas corporation which was formed in 1999 with the merger of Exxon and Mobil. It is a direct offspring of of John Reckefeller’s Standard Oil company whose headquarters are in Irving, Texas. ExxonMobil is the largest of the world’s six ‘supermajor’ oil companies.
Chevron
Chevron is a multinational energy corporation that is involved in every aspect of the oil, gas, and geothermal energy industries, including exploration and production, refining, marketing and transport and power generation in more than 180 countries. It is currently headquartered in San Ramon, California. It is also amongst the world’s six ‘supermajor’ oil companies.
ConocoPhillips
ConocoPhillips is a multinational corporation headquartered in the ‘Energy Corridor’ district of Houston, Texas. It was formed in 2002 with the merger of Conoco Inc and Phillips Petroleum Company. ConocoPhillips too is one f the world’s six ‘supermajor’ oil companies.
Fannie Mae
The Federal National Mortgage Association or Fannie Mae is a government-sponsored enterprise formed in 1938 with the purpose of the purpose of expanding the secondary mortgage market.
General Electric
General Electric is a multinational conglomerate corporation that operates through fives segments i.e Energy, Technology Infrastructure, NBC Universal, Capital Finance and Consumer & Industrial. It is incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut.
Berkshire Hathaway
Berkshire Hathaway is a conglomerate holding company that oversees and manages a number of subsidiary companies. It owns a diverse range of businesses including railroads, confectionery, retail, home furnishings, encyclopedias, manufacture of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, as well as several regional electric and gas utilities. Berkshire Hathaway is headquartered in Omaha, Nebraska.
General Motors
General Motors is a multinational automotive company which was founded in 1908. It produces cars and trucks in 31 countries and sells these vehicles through the following brands: Buick, Cadillac, Chevrolet, Opel, Vauxhall and Holden. General Motors is headquartered in Detroit, Michigan and is the second largest automaker in the world after Toyota.
Bank of America
Bank of America is a global financial services company which was formed in 1928. It is the second largest bank holding in the United States and one of the ‘Big Four’ banks of the United States with 5900 banking centers and 18000 ATMs, serving client in over 150 countries.
Ford Motor
Ford Motor Company is a multinational automaker founded by Henry Ford in 1903. It is the second largest automaker in the US after General Motors and the fifth largest automaker in the world.
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