List of Fortune 500 Companies Headquartered in the USA: The Fortune 500 represents the cream of the crop among American companies, meticulously curated by Fortune magazine annually. Determining factors for their ranking include fairness, trustworthiness, company size, demographics, and a collection of statistical data.
To secure a spot on this prestigious list in 2024, a company needed to do a revenue surpassing $7.2 billion. Impressively, the collective revenues of these elite 500 entities accounted for a staggering two-thirds of the entire United States Of America economy, equating to a jaw-dropping $18 trillion in revenue.
In this article, we are going to discuss the list of Fortune 500 companies headquartered in the USA.
Top 10 Fortune 500 Companies Headquartered in the USA – 2024
Here is the list of top 10 Fortune 500 companies in the USA as mentioned below. Here we have mentioned all possible aspects and data of each company that states why they are in the top 10 list. Let us discuss.
| Rank | Company | Industry | State | Valuation (in millions, USD) | CEO |
|---|---|---|---|---|---|
| 1 | Walmart | General Merchandisers | Arkansas | $397,475 | Douglas McMillon |
| 2 | Amazon.com | Internet Services and Retailing | Washington | $1,058,440 | Andrew R. Jassy |
| 3 | Exxon Mobil | Petroleum Refining | Texas | $446,424 | Darren W. Woods |
| 4 | Apple | Computers, Office Equipment | California | $2,609,039 | Timothy D. Cook |
| 5 | UnitedHealth Group | Health Care: Insurance and Managed Care | Minnesota | $440,854 | Andrew P. Witty |
| 6 | CVS Health | Health Care: Pharmacy and Other Services | Rhode Island | $95,422 | Karen S. Lynch |
| 7 | Berkshire Hathaway | Insurance: Property and Casualty (Stock) | Nebraska | $675,657 | Warren E. Buffett |
| 8 | Alphabet | Internet Services and Retailing | California | $1,330,201 | Sundar Pichai |
| 9 | McKesson | Wholesalers: Health Care | Texas | $48,757 | Brian S. Tyler |
| 10 | Chevron | Petroleum Refining | California | $311,093 | Michael K. Wirth |
Walmart – Bentonville – $611,289 million – Douglas McMillan
One of the largest retailers globally, operating a vast network of stores and e-commerce platforms. Known for its low prices and extensive range of products, from groceries to electronics.
Employs millions of people worldwide, making it one of the largest private employers. Offers various services like pharmacy, financial services, and grocery pickup.
- Invests in sustainability initiatives and renewable energy to reduce its environmental impact.
- Continuously innovates in supply chain management and technology to enhance efficiency.
- Provides charitable contributions and disaster relief efforts in communities.
- Embraces diversity and inclusion in its workforce and supplier partnerships.
- Continuously expands globally, with operations in multiple countries.
- Faces competition from online retailers like Amazon in the e-commerce space.
- Evolving its business model to adapt to changing consumer preferences and digital trends.
- Faces criticism regarding labour practices and worker wages.
- Invests in employee training and development programs.
- Adapts to changing market conditions and consumer demands.
- Maintains a strong financial position with steady revenue growth.
Amazon.com – Seattle – $513,983 million – Andrew R. Jassy
Founded in 1994 by Jeff Bezos, Amazon began as an online bookstore and quickly diversified its offerings. Based in Seattle, Washington, Amazon operates globally, spanning over 15 countries. Amazon’s e-commerce platform provides a wide range of products, including electronics, apparel, groceries, and digital content. Prime membership offers perks like free two-day shipping, streaming services, and exclusive deals.
- Amazon Web Services (AWS) leads the global market in cloud computing services, offering storage, computing power, and infrastructure solutions.
- With investments in AI and machine learning, Amazon powers features like personalized recommendations and its virtual assistant, Alexa.
- The acquisition of Whole Foods in 2017 expanded Amazon’s presence in the grocery retail sector.
- Amazon diversifies into entertainment, healthcare, and logistics sectors.
- Customer satisfaction is a priority for Amazon, with initiatives like hassle-free returns and continuous delivery improvements.
- Amazon pledges to achieve net-zero carbon emissions by 2040, demonstrating its commitment to sustainability.
- As a major employer, Amazon provides jobs worldwide, ranging from fulfilment centres to technology development.
- Amazon’s culture fosters innovation, resulting in inventions like the Kindle and Amazon Go stores.
- Data-driven decision-making enhances Amazon’s customer experience.
- Despite the success, Amazon faces criticism over labour practices, tax policies, and impacts on small businesses.
- Jeff Bezos transitioned from CEO to executive chairman in 2021, with Andy Jassy taking the helm.
Exxon Mobil – Irving – $413,680 million – Darren W. Woods
Exxon Mobil is one of the largest publicly traded oil and gas companies globally. Founded in 1999 through the merger of Exxon and Mobil, it boasts a rich heritage in the energy industry. The company operates in all facets of the oil and gas industry, including exploration, production, refining, and distribution.
- Exxon Mobil has a significant presence in over 70 countries, with operations spanning six continents.
- It is renowned for its cutting-edge technology and innovation in energy exploration and production.
- Exxon Mobil is a major player in the development of unconventional energy sources such as shale gas and oil sands.
- The company has a robust commitment to safety and environmental stewardship in its operations worldwide.
- With a vast portfolio of oil and gas reserves, Exxon Mobil continues to be a dominant force in the energy market.
- Its downstream operations include a vast network of refineries, producing a diverse range of petroleum products.
- Exxon Mobil also has a strong presence in the petrochemical industry, manufacturing plastics and other chemical products.
- The company’s global reach enables it to adapt to changing market dynamics and geopolitical landscapes.
- Exxon Mobil is committed to sustainable practices, investing in research and development of cleaner energy solutions.
- It maintains strategic partnerships with governments and industry leaders to drive innovation and growth.
- Exxon Mobil’s financial performance and stability make it a reliable investment choice in the energy sector.
- As a leading energy provider, Exxon Mobil plays a pivotal role in meeting the world’s growing demand for energy while addressing environmental challenges.
Apple – Cupertino – $394,328 million – Timothy D. Cook
Apple is a tech giant renowned for its innovative products like the iPhone, iPad, and Mac computers.
The company was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne in Cupertino, California. Apple’s flagship product, the iPhone, revolutionized the smartphone industry upon its release in 2007. They are known for their sleek and user-friendly designs, setting trends in the consumer electronics market.
- Apple’s ecosystem includes a wide range of services such as iCloud, iTunes, and the App Store.
- The company has a strong focus on customer experience and brand loyalty, reflected in its dedicated fan base.
- With a commitment to sustainability, Apple aims to reduce its environmental impact through renewable energy initiatives and recycling programs.
- Apple’s retail stores offer a unique shopping experience, showcasing their products and providing technical support.
- The company’s financial success is reflected in its consistently high revenue and market capitalization.
- Apple is known for its strict control over its hardware and software ecosystem, ensuring a seamless user experience.
- They invest heavily in research and development to stay ahead of technological advancements and maintain their competitive edge.
- Apple’s supply chain management is recognized for its efficiency and reliability, allowing for timely product launches.
- The company prioritizes privacy and security, implementing robust measures to protect user data.
- Apple has a global presence, with operations spanning across numerous countries and regions.
- Their dedication to innovation and quality has cemented Apple’s position as a leader in the tech industry.
UnitedHealth Group – Minnetonka – $324,162 million – Andrew P. Witty
UnitedHealth Group is one of the largest healthcare companies globally. It offers a wide range of health insurance and healthcare services.
The company serves millions of customers across the United States. UnitedHealth Group operates through several subsidiaries, including UnitedHealthcare and Optum. It provides health insurance plans for individuals, families, and employers.
- The company offers Medicare and Medicaid plans for eligible individuals.
- UnitedHealth Group also offers pharmacy benefit management services.
- It focuses on improving healthcare outcomes through innovation and technology.
- The company invests in research and development to enhance healthcare delivery.
- UnitedHealth Group is headquartered in Minnetonka, Minnesota.
- It employs thousands of people worldwide.
- The company has a strong financial performance, consistently reporting high revenues.
- UnitedHealth Group is committed to promoting health and wellness initiatives.
- It collaborates with healthcare providers to improve access to quality care.
- The company has a significant presence in the healthcare industry, shaping its future trajectory.
CVS Health – Woonsocket – $322,467 million – Karen S. Lynch
According to Fortune, CVS Health is the 50th most esteemed company in the world, the 11th in the Global 500, 269th in America’s Most Innovative, and 6th in the Fortune 500. CVS Health is an American healthcare company that offers health services, health insurance, pharmacy, and prescription drug coverage.
- It also has other brands, including CVS Pharmacy, CVS Caremark, and Aetna.
- CVS Health was established in Lowell in 1963.
- It has over 300,000 employees, including more than 40,000 physicians, pharmacists, nurses, and nurse practitioners.
- CVS Health has a local presence, and digital channels, and supports the mental and physical well-being of women.
- CVS Health’s assets include retail pharmacies, retail clinics, prescription benefits management, and infusion services.
Berkshire Hathaway – Omaha – $302,089 million – Warren E. Buffett
Berkshire Hathaway is a multinational conglomerate holding company that was founded in 1839 as a textile manufacturer. The company is headquartered in Omaha, Nebraska, and has a market capitalization of over $715 billion, making it one of the largest publicly traded companies in the world.
- Berkshire Hathaway owns many businesses, including GEICO, Fruit of the Loom, and HomeServices of America.
- The company’s products include property and casualty insurance, reinsurance, rail transport, electric power, natural gas, real estate services, industrial parts and materials, mobile homes, building materials, and recreational vehicles.
- Warren Buffett is the CEO of Berkshire Hathaway, and he became the controlling shareholder in the mid-1960s.
- The company’s success is largely due to Buffett’s value investing strategy, which involves investing in a security with an intrinsic value that’s greater than its market value.
- In 2023, Berkshire Hathaway’s Class A shares exceeded $500,000 per share, making it the company with the highest-valued stock in the United States.
Alphabet – Mountain View – $282,836 million – Sundar Pichai
Alphabet Inc. is a multinational technology conglomerate that was established in California in 2015 by Google co-founders Larry Page and Sergey Brin. It stands as the world’s third-largest technology company by revenue and one of the globe’s most valuable entities.
- The name “Alphabet” reflects the concept that letters symbolize language, which is among humanity’s pivotal innovations.
- Alphabet provides an extensive array of products and platforms, encompassing: Search, Google Maps, Calendar, Google ads, Health Technology, Android Mobile Operating System, Internet Services, Fitbit, Chrome Browser and Operating System, TV Services, and Pixel.
- Initially founded as a search engine firm in 1998 under the name Google Inc.
- Alphabet has evolved significantly since then. Google has emerged as the world’s predominant search engine, commanding 92% of the global search market.
- Over the past two decades, the company has expanded its scope well beyond search engines.
McKesson – Irving – $263,966 million – Brian S. Tyler
McKesson is an American company that distributes medications, medical supplies, and health information technology. The company also offers tools for managing care and assists patients in accessing treatments.
- McKesson was established in 1833 by John McKesson and Charles Olcott and is headquartered in Irving, Texas.
- As of March 2024, the company has 51,000 employees.
- Medication distribution: Services for safe, accurate, and prompt delivery of drugs.
- Medical supplies and equipment: Wholesale provision of supplies and equipment for post-acute care settings, physician practices, and laboratories.
- Medical-surgical solutions: Logistics and other services to healthcare providers in the United States.
Chevron – San Ramon – $246,252 million – Michael K. Wirth
Chevron Corporation is an American multinational energy company that specializes in oil and gas. It was founded in 1879 and is headquartered in San Ramon, California. Chevron is involved in almost all aspects of the energy industry, including exploration, production, transportation, refining, marketing, and distribution.
- It is the second-largest integrated energy company in the United States and the 16th-largest public company in the world.
- Chevron’s subsidiaries include Texaco, Tengizchevroil, Caltex, Havoline, Techron, Calso, and Gulf.
- Chevron’s board of directors has included former United States Secretary of State Condoleezza Rice.
- In February 2024, Chevron agreed to withdraw its legal action and reduce emissions as mandated, consenting to pay fines ranging from $17 million to $32 million annually for any delay in meeting the July 2026 deadline.
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List of Fortune 500 Companies in USA – FAQs
How many US Fortune 500 companies are there?
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years.
Where are Fortune 500 companies headquartered?
New York laid claim to the headquarters of 47 Fortune 500 companies in the 2023 ranking, down one company from 2022’s list and down five companies over the past five years. The #2 market in the nation was Chicago, home to 31 Fortune 500 companies after losing four top businesses.
Are Fortune 500 companies only US-based?
Until 1989, it listed only non–United States industrial corporations under the title “International 500” while the Fortune 500 contained and still contains exclusively United States corporations.
Is JP Morgan a Fortune 500 company?
The firm operates the largest investment bank in the world by revenue. It occupies 24th place on the Fortune 500 list of the largest U.S. corporations by revenue. In 2023, JPMorgan Chase was ranked #1 in Forbes’ Global 2000 ranking.
Is HDFC a Fortune 500 company?
HDFC Bank, Larsen & Toubro, ICICI Bank, JSW Steel, HDFC Ltd., NTPC, Vedanta, Infosys, Bharti Airtel, and Coal India are Fortune 500 company.
Is JP Morgan a Big 4 company?
Goldman Sachs, JP Morgan and Morgan Stanley are the Big 3 in investment banking vertical. KPMG, Ernst and Young, PWC and Deloitte are the Big 4 Accounting companies of the world.