Texas Companies Have 52 Spots on 2014 Fortune 500 List
Fortune magazine’s annual list of the top 500 U.S. companies is out this morning. Wal-Mart Stores Inc. is still the largest U.S. company with sales last year of $476.3 billion.
Wal-Mart and Exxon Mobil often trade places on the Fortune 500, but not this year. Exxon Mobil’s revenue dropped by 9 percent last year to $407.7 billion.
Austin-based Dell, which was ranked 51 last year, fell of the list that only includes public companies. J.C. Penney dropped a few notches again. And American Airlines moved up.
Here’s a local company that just missed it: Irving-based Flowserve was at No. 501 with 2013 revenue of $4.95 billion. It’s moving up, ranked 508 a year ago.
Texas continues to dominate the list with 52 companies in the top 500. So does California, but on next year’s list rival California will be losing No. 67 Safeway to the pending merger with Idaho-based Albertsons and No. 116 Occidental Petroleum is moving to Houston.