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Listings in Fortune 500
Companies that are listed in the Fortune 500 annual list.
ExxonMobil
Exxon Mobil Corporation, doing business as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller’s Standard Oil,[2] and was formed on November 30, 1999 by the merger of Exxon (formerly the Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York). ExxonMobil’s primary brands are Exxon, Mobil, Esso, and ExxonMobil Chemical.[3] ExxonMobil is incorporated in Texas.[4] One of the world’s largest companies by revenue, ExxonMobil from 1996 to 2017 varied from the first to sixth largest publicly traded company by market capitalization.[5][6] The company was ranked ninth globally in the Forbes Global 2000 list in 2016.[7] ExxonMobil was the tenth most profitable company in the Fortune 500 in 2017.[8] As of 2018, the company ranked second in the Fortune 500 rankings of the largest United States corporations by total revenue.[9] Approximately, 55.56% of the company’s shares are held by institutions. As of March 2019, ExxonMobil’s largest shareholders include The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%). ExxonMobil is one of the largest of the world’s Big Oil companies.[9] As of 2007, it had daily production of 3.921 million BOE (barrels of oil equivalent); but significantly smaller than a number of national companies. In 2008, this was approximately 3% of world production, which is less than several of the largest state-owned petroleum companies.[10] When ranked by oil and gas reserves, it is 14th in the worldwith less than 1% of the total.[11][12] ExxonMobil’s reserves were 20 billion BOE at the end of 2016 and the 2007 rates of production were expected to last more than 14 years.[13] With 37 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels (1,000,000 m3), ExxonMobil is the largest refiner in the world,[14][15][16] a title that was also associated with Standard Oil since its incorporation in 1870.[2][needs update] ExxonMobil has been criticized for its slow response to cleanup efforts after the 1989 Exxon Valdez oil spill in Alaska, widely considered to be one of the world’s worst oil spills in terms of damage to the environment. ExxonMobil has a history of lobbying for climate change denial and against the scientific consensus that global warming is caused by the burning of fossil fuels. The company has also been the target of accusations of improperly dealing with human rights issues, influence on American foreign policy, and its impact on the future of nations.
Facebook, Inc. is an American online social media and social networking service company based in Menlo Park, California. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. It is considered one of the Big Four technology companies along with Amazon, Apple, and Google.[11][12] The founders initially limited the website’s membership to Harvard students and subsequently Columbia, Stanford, and Yale students. Membership was eventually expanded to the remaining Ivy League schools, MIT, and higher education institutions in the Boston area, then various other universities, and lastly high school students. Since 2006, anyone who claims to be at least 13 years old has been allowed to become a registered user of Facebook, though this may vary depending on local laws. The name comes from the face book directories often given to American university students. Facebook held its initial public offering (IPO) in February 2012, valuing the company at $104 billion, the largest valuation to date for a newly listed public company. Facebook makes most of its revenue from advertisements that appear onscreen and in users’ News Feeds. The Facebook service can be accessed from devices with Internet connectivity, such as personal computers, tablets and smartphones. After registering, users can create a customized profile revealing information about themselves. They can post text, photos and multimedia which is shared with any other users that have agreed to be their “friend”. Users can also use various embedded apps, join common-interest groups, and receive notifications of their friends’ activities. Facebook claimed that had more than 2.3 billion monthly active users as of December 2018.[13] However, it faces a big problem of fake accounts. It caught 3 billion fake accounts in the last quarter of 2018 and the first quarter of 2019.[14] Many critics questioned whether Facebook knows how many actual users it has.[15][16][14] Facebook is one of the world’s most valuable companies. It receives prominent media coverage, including many controversies. These often involve user privacy (as with the Cambridge Analytica data scandal), political manipulation (as with the 2016 U.S. elections), psychological effects such as addiction and low self-esteem, and content that some users find objectionable, including fake news, conspiracy theories, and copyright infringement.[17] Facebook also does not remove false information from its pages, which brings continuous controversies.[18] Commentators have stated that Facebook helps to spread false information and fake news.[19][20][21][22] Facebook has exempted political advertisements from their ban on making false claims.[23] Facebook offers other products and services. It acquired Instagram, WhatsApp, Oculus, and GrokStyle[24] and independently developed Facebook Messenger, Facebook Watch, and Facebook Portal.
Fannie Mae
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal,[2] the corporation’s purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS),[3] allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or “thrifts”).[4] Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac. As of 2018, Fannie Mae is ranked #21 on the Fortune 500 rankings of the largest United States corporations by total revenue.
Farmers Insurance Exchange
Farmers Insurance Group (informally Farmers) is an American insurer group of automobiles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees. It is a subsidiary of the Swiss company Zurich Insurance Group.
FedEx
FedEx Corporation is an American multinational courier delivery services company headquartered in Memphis, Tennessee.[2] The name “FedEx” is a syllabic abbreviation of the name of the company’s original air division, Federal Express (now FedEx Express), which was used from 1973 until 2000. The company is known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location (to help in finding lost packages), a feature that has now been implemented by most other carrier services.
Fidelity National Financial
Fidelity National Financial, Inc., is a Fortune 500 company and is the largest provider of commercial and residential mortgage and diversified services in the United States. FNF generates about $7 billion in annual revenues from real estate title and other real estate related operations. Fidelity National Financial, Inc. is currently ranked number 274 on Fortune’s list of America’s Largest Companies. The title insurance underwriters that comprise Fidelity National Title Group (FNTG) Fidelity National Title, Chicago Title, Commonwealth Land Title, Security Title Agency, Ticor Title, and Alamo Title currently issue residential and commercial title insurance policies for multimillion-dollar properties throughout the U.S.
Fidelity National Information Services
Fidelity National Information Services, Inc. (or FIS) is an international provider of financial services technology and outsourcing services. FIS employs 52,000 people worldwide. FIS provides payment processing and banking software, services and outsourcing of the associated technology. FIS has over 20,000 clients in more than 130 countries. FIS was ranked second in the FinTech Forward 2016 rankings.
Fifth Third Bancorp
Fifth Third Bank (5/3 Bank) is a bank headquartered in Cincinnati, Ohio, at Fifth Third Center. It is the principal subsidiary of Fifth Third Bancorp, a bank holding company. The bank operates 1,154 branches and 2,469 automated teller machines in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bank is incorporated in Ohio. One of the largest banks in the United States, the company was ranked 366th on the Fortune 500 in 2018. The name “Fifth Third” is derived from the names of the bank’s two predecessor companies, Third National Bank and Fifth National Bank, which merged in 1908.
First American Financial
First American Financial Corporation is a United States financial services company and is a leading provider of title insurance and settlement services to the real estate and mortgage industries. The First American Family of Companies core business lines include title insurance and closing/settlement services; title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With total revenue of $5.8 billion in 2017, the company offers its products and services directly and through its agents throughout the United States and abroad. First American offers its products and services directly and through its agents and partners throughout the United States and in more than 40 countries. In June 2010, First American Financial Corporation was established when The First American Corporation split its businesses to create two separate legal entities, First American Financial Corporation (NYSE: FAF) which provides title and financial services and CoreLogic Inc. which provides information solutions and analytics services to the real estate and mortgage industry.
First Data
First Data Corporation (NYSE: FDC) was a financial services company headquartered in Atlanta, Georgia, United States. The company’s STAR Network provides nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and Online outlets for nearly a third of all U.S. debit cards. First Data has six million merchants, the largest in the payments industry.[3] The company handles 45% of all US credit and debit transactions, including handling prepaid gift card processing for many US brands such as Starbucks.[3][4] It processes around 2,800 transactions per second and $2.2 trillion in card transactions annually,[5] with an 80% market share in gas and groceries in 2014.[6] First Data’s SpendTrend Report is a key shopping metric for national news networks such as WSJ, USA Today, ESPN, The New York Times, Vox Media,[7][8][9][10] and Bloomberg.[11] In October 2015, First Data returned to public markets, selling 160 million shares in the New York Stock Exchanges biggest IPO of that year.
FirstEnergy
FirstEnergy Corp is an electric utility headquartered in Akron, Ohio. Its subsidiaries and affiliates are involved in the distribution, transmission, and generation of electricity, as well as energy management and other energy-related services. Its ten electric utility operating companies comprise one of the United States’ largest investor-owned utilities, based on serving 6 million customers within a 65,000-square-mile (170,000 km2) area of Ohio, Pennsylvania, West Virginia, Virginia, Maryland, New Jersey and New York.[4] Its generation subsidiaries control more than 16,000 megawatts of capacity, and its distribution lines span over 194,000 miles. In 2018, FirstEnergy ranked 219 on the Fortune 500 list of the largest public corporations in the United States by revenue.[5] In November 2016, FirstEnergy made the decision to exit the competitive power business, and become a fully regulated company.
Fiserv
Fiserv, Inc. is a worldwide provider of financial services technology. The company’s clients include banks, thrifts, credit unions, securities broker dealers, leasing and finance companies, and retailers. In October 2015, American Banker and BAI ranked the company third by revenue among technology providers to U.S. banks. Fiserv reported total revenue of $5.51 billion in 2016. In summer of 2018, Fiserv obtained the naming rights to the Fiserv Forum, home to the Milwaukee Bucks, for 25 years. Fiserv has been named as 2019 Fortune World’s Most Admired Companies, sixth consecutive year it has earned this recognition and 9 times in the last 11 years.
Fluor
Fluor Corporation is an American multinational engineering and construction firm headquartered in Irving, Texas. It is a holding company that provides services through its subsidiaries in the following areas: oil and gas, industrial and infrastructure, government and power. It is the largest engineering & construction company in the Fortune 500 rankings and is listed as 164th overall.[2] Fluor was founded in 1912 by John Simon Fluor as Fluor Construction Company. It grew quickly, predominantly by building oil refineries, pipelines and other facilities for the oil and gas industry, at first in California, and then in the Middle East and globally. In the late 1960s, it began diversifying into oil drilling, coal mining and other raw materials like lead. A global recession in the oil and gas industry and losses from its mining operation led to restructuring and layoffs in the 1980s. Fluor sold its oil operations and diversified its construction work into a broader range of services and industries. In the 1990s, Fluor introduced new services like equipment rentals and staffing. Nuclear waste cleanup projects and other environmental work became a significant portion of Fluor’s revenues. The company also did projects related to the Manhattan Project, rebuilding after the Iraq War, recovering from Hurricane Katrina and building the Trans-Alaska Pipeline System.
Foot Locker
Foot Locker Retail, Inc. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City,[4] and operating in 28 countries worldwide. Although established in 1974, and founded as a separate company in 1988, Foot Locker’s roots date to 1879, as it is a successor corporation to the F. W. Woolworth Company (Woolworth’s), as many of its freestanding stores were originally Kinney Shoes and Woolworth’s locations. The company operates the eponymous Foot Locker chain of athletic footwear retail outlets (along with Kids Foot Locker and Lady Foot Locker stores), and other athletic-based divisions including Champs Sports, Footaction USA, House of Hoops, and Eastbay/Footlocker.com, which owns the rights to Final-Score. The company is also famous for its employees’ uniforms at its flagship Foot Locker chain, resembling those of referees. According to the company’s filings with the SEC, as of January 28, 2017, Foot Locker, Inc. had 3,363 primarily mall-based stores in the United States, Canada, Europe, and Asia. Nearly 70% of its product is from Nike.
Ford Motor
Ford Motor Company is an American multinational automaker that has its main headquarters in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom and a 32% stake in Jiangling Motors.[5] It also has joint-ventures in China (Changan Ford), Taiwan (Ford Lio Ho), Thailand (AutoAlliance Thailand), Turkey (Ford Otosan), and Russia (Ford Sollers). The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power.[6][4] Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines; by 1914, these methods were known around the world as Fordism. Ford’s former UK subsidiaries Jaguar and Land Rover, acquired in 1989 and 2000 respectively, were sold to Tata Motors of India in March 2008. Ford owned the Swedish automaker Volvo from 1999 to 2010.[7] In 2011, Ford discontinued the Mercury brand, under which it had marketed entry-level luxury cars in the United States, Canada, Mexico, and the Middle East since 1938. Ford is the second-largest U.S.-based automaker (behind General Motors) and the fifth-largest in the world (behind Toyota, VW, Hyundai-Kia and General Motors) based on 2015 vehicle production. At the end of 2010, Ford was the fifth largest automaker in Europe.[8] The company went public in 1956 but the Ford family, through special Class B shares, still retain 40 percent voting rights.[9][4] During the financial crisis at the beginning of the 21st century, it was close to bankruptcy, but it has since returned to profitability.[10] Ford was the eleventh-ranked overall American-based company in the 2018 Fortune 500 list, based on global revenues in 2017 of $156.7 billion.[11] In 2008, Ford produced 5.532 million automobiles[12] and employed about 213,000 employees at around 90 plants and facilities worldwide.
Franklin Resources
Franklin Resources Inc. is an American holding company that, together with its subsidiaries, is referred to as Franklin Templeton Investments; it is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc. It is listed on the New York Stock Exchange under the ticker symbol BEN, in honor of Benjamin Franklin, for whom the company is named, and who was admired by founder Rupert Johnson, Sr. In 1973 the company’s headquarters moved from New York to San Mateo, California. As of March 2017, Franklin Templeton Investments had US$740 billion in assets under management (AUM) on behalf of private, professional and institutional investors.
Freddie Mac
The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.[3][4] Freddie Mac is ranked No. 38 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.[5] The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with the Federal National Mortgage Association (Fannie Mae), Freddie Mac buys mortgages on the secondary market, pools them, and sells them as a mortgage-backed security to investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases. The name, “Freddie Mac”, is a variant of the initialism of the company’s full name that had been adopted officially for ease of identification. On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as “one of the most sweeping government interventions in private financial markets in decades”.[6][7][8] Moody’s gave Freddie Mac’s preferred stock an investment grade rating of A1 until August 22, 2008, when Warren Buffett said publicly that both Freddie Mac and Fannie Mae had tried to attract him and others. Moody’s changed the credit rating on that day to Baa3, the lowest investment-grade credit rating. Freddie’s senior debt credit rating remains Aaa/AAA from each of the major rating agencies: Moody’s, S&P, and Fitch.[9] As of the start of the conservatorship, the United States Department of the Treasury had contracted to acquire US$1 billion in Freddie Mac senior preferred stock, paying at a rate of 10% per year, and the total investment may subsequently rise to as much as US$100 billion.[10] Shares of Freddie Mac stock, however, plummeted to about one U.S. dollar on September 8, 2008, and dropped a further 50% on June 16, 2010, when the Federal Housing Finance Agency ordered the stocks delisted.[11] In 2008, the yield on U.S Treasury securities rose in anticipation of increased U.S. federal debt.[12] The housing market and economy eventually recovered making Freddie Mac profitable once again. For a comprehensive list of articles discussing Freddie Mac, see Bibliography of Fannie Mae and Freddie Mac.
Freeport-McMoRan
Freeport-McMoRan Inc., often called Freeport, is a mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The current company was created in 1981 through the merger of Freeport Minerals, formerly Texas Freeport Sulphur Company and McMoRan Oil & Gas Company, becoming Freeport-McMoRan Inc. Early history Freeport Sulphur Company was founded July 12, 1912 by the eldest son of Svante Magnus “E.M.” Swenson, banker Eric Pierson Swenson, with a group of investors, to develop sulfur mining at Brian Mound salt dome, along the US Gulf Coast.[3] Freeport, Texas was also established in Nov. 1912 to house workers, and serve as a port for Houston, rivaling Galveston and Corpus Christi.[4][5] Freeport mined sulphur along the Gulf Coast using the Frasch Process, the patents for which had expired in 1908.[6] Previously, Union Sulphur Company founder and patent-holder Herman Frasch had enjoyed a monopoly on the process.[7] The company became known as Freeport Sulphur, later changing its corporate name to Freeport Minerals. In 1922, Freeport started producing sulphur from Hoskins Mound in Brazoria County, Texas.
Frontier Communications
Frontier Communications Corporation is a telecommunications company in the United States. It was known as Citizens Utilities Company until May 2000 and Citizens Communications Company until July 31, 2008. The company previously served primarily rural areas and smaller communities, but now also serves several large metropolitan markets. In addition to local and long-distance telephone service, Frontier offers broadband Internet, digital television service, and computer technical support to residential and business customers in 29 states in the United States. Frontier is the eighth largest provider of broadband internet in the United States with 3,735,000 subscribers. It is also the 11th largest pay television provider in the United States with 838,000 subscribers.
GameStop
GameStop Corporation is an American video game, consumer electronics and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, United States, a suburb of Dallas, and operates 5,830 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe. The company’s retail stores primarily operate under the GameStop, EB Games, ThinkGeek and Micromania brands. In addition to retail stores, GameStop also owns Game Informer, a video game magazine.