Led by Exxon Mobil, 23 Dallas-Fort Worth companies score spots on 2022′s Fortune 500

  • 📰 dallasnews
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 71%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The annual ranking of America’s largest companies showed 2021 was an excellent year to be in the oil or real estate business.

For one more year, Dallas-Fort Worth will be able to claim Exxon Mobil as a North Texas-based company for purposes of the annual Fortune 500 ranking.Twenty-three public companies that call Dallas-Fort Worth home earned spots on the newly releasedEngineering giant AECOM joined two of its biggest competitors when it moved its headquarters from Los Angeles to North Texas last August.

With a 57% increase in revenue last year, Exxon Mobil wrested back the top spot from Irving-based pharmaceutical distributor McKesson. Exxon ranked as the nation’s sixth-largest company last year with over $285 billion in revenue. Topping the overall list again was Walmart, which brought in revenue of $572 billion to finish ahead of Amazon and Apple.Together, the 500 corporations on this year’s list generated a record $16.1 trillion in revenue and $1.8 trillion in profits. That was despite rising inflation, ongoing supply chain problems and a second year of the COVID-19 pandemic.

This year’s ranking saw firms make considerable moves up the list as mergers and acquisitions and pandemic-driven demand resulted in sizable revenue swings for airlines such as

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 18. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase becomes the first crypto company to enter the Fortune 500 listCrypto exchange operator Coinbase has become the first crypto company to make the Fortune 500 cut — ranking at 437. Yogita_Khatri5 Is it this thing that caused market to crash? Yogita_Khatri5 If you’re reading this you’re EARLY! World Renowned Artist Idriss B (GOOGLE HIM) is launching a mind-blowing NFT project: Polyverseart And it’s going to be EPIC! 🤯🚀🔥🤯🚀🔥🤯🚀🔥🤯🚀🔥 Yogita_Khatri5 Ubxs 💦💦💦💦
Source: TheBlock__ - 🏆 464. / 53 Read more »