10
2010
Top Companies from Fortune 500 to Report Good Earnings in 2009
An article by 
The Fortune 500 is the leading example for how the economy is doing. When the Fortune 500 is doing well, the economy is doing well and vice-versa. Well, for 2009 the Fortune 500 lifted its earnings up by a whopping 335 percent. It was a $301 billion increase to $391 billion, which is the second largest increase in the 56-year history of the Fortune 500. This is showing that the Fortune 500 is increasing in value, and taking the economy with it. So, what companies rank in the top 20 for revenues over the past year? Here is the list:
| Company Name | Company Revenue | Company Profits |
|---|---|---|
| ($ millions) | ($ millions) | |
| Wal-Mart Stores | $408,214.00 | $14,335.00 |
| Exxon Mobil | $284,650.00 | $19,280.00 |
| Chevron | $163,527.00 | $10,483.00 |
| General Electric | $156,779.00 | $11,025.00 |
| Bank/America | $150,450.00 | $6,276.00 |
| ConocoPhillips | $139,515.00 | $4,858.00 |
| AT&T | $123,018.00 | $12,535.00 |
| Ford Motors | $118,308.00 | $2,717.00 |
| J.P. Morgan Chase | $115,632.00 | $11,728.00 |
| Hewlett-Packard | $114,552.00 | $7,660.00 |
| Berkshire Hath. | $112,493.00 | $8,055.00 |
| Citigroup | $108,785.00 | $1,606.00) |
| Verizon | $107,808.00 | $3,651.00 |
| McKesson | $106,632.00 | $823.00 |
| General Motors | $104,589.00 | $———— |
| American Intern. | $103,189.00 | $10,949.00) |
| Cardinal Health | $99,612.90 | $1,151.60 |
| CVS Caremark | $98,729.00 | $3,696.00 |
| Wells Fargo | $98,636.00 | $12,275.00 |
| Inter. Business. | $95,758.00 | $13,425.00 |
The events of 2008 can be seen in the fact that several large companies had large decreases in their profits. The biggest fall came from General Motors which went from being the sixth largest company to the Fortune 500 to being the 15th largest. Exxon Mobil used to be the largest company on the Fortune 500, but in 2009 it ended up falling behind while Wal-Mart, the bargain shoppers dream, became the top company on the Fortune 500. In addition, Citigroup and American International both took big hits, losing billions in the economic crisis. Overall though, the Fortune 500 has done very well in 2009 and it is expected that the Fortune 500 will continue to increase in value.
The Fortune 500 is the benchmark for the economy. When the economy is doing well, the Fortune 500 typically is doing well. Since the Fortune 500 is doing well, we can assume that the economy is doing well. Looking at the list of companies in the top 20 of profitable companies, we can see that plenty of companies pulled in big money for revenue but many did not have huge profits. Two companies in the top 20 lost more than $1 billion and one company barely made $1 billion in profits.
Further Links:
Which companies will come out strong after 2009 recession?
About the Author: Punit Gupta
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