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 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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