St. Louis has 9 companies on Fortune 500 list

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by KMOV.com and CBS News

KMOV.com

Posted on May 6, 2013 at 1:46 PM

(KMOV) -- The St. Louis area has nine companies on the Fortune 500 list, an annual survey of the largest companies in the U.S., ranked by revenues.

Coming in at No. 24, Express Scripts Holding became the highest ranking St. Louis company in more than 20 years. The jump from 60 last year came after acquiring Medco Health Services.

Charter Communications, which moved its headquarters to Connecticut in 2012, was replaced on the list by Jones Financial, the parent of financial firm Edward Jones. Jones Financial came in at 491.

Here is a list of St. Louis companies that cracked the top 500:

24. Express Scripts Holding
123. Emerson
206. Monsanto
275. Reinsurance Group of America
303. Centene
315. Peabody Energy
373. Ameren
465. Graybar Electric
491. Jones Financial

Overall, Wal-mart topped the list, and oil companies Exxon Mobil, Chevron, and Phillips 66 came in second, third and fourth, respectively.

Warren Buffet’s Berkshire Hathaway moved up the list to this year’s fifth spot.

Fortune’s managing editor Leigh Gallagher told “CBS This Morning” the list generally reflects “a lot of activity” since 2012, namely “spinoffs and a lot of merger activity.”

“Business is getting active again . . . they’re starting to do things after being on the sidelines for the past couple years,” Gallagher explained. “Now, of course the next question is when are they going to start to hire again.”

The list also reflects some new moves for tech giants Apple and Facebook.

Apple breaks into the top ten for the first time this year at number six,” Gallagher said Monday. “The story with Apple has been its profits. If you were to rank the Fortune 500 by profits only [instead of revenues], they would be number two behind Exxon.”

Facebook made the 2013 list for the first time in the company’s brief history. The 482 ranking “makes Mark Zuckerberg the youngest person on the list,” Gallagher said.

“This company rocketed onto this list . . . as fast as Google did,” she said of the social network. “In the tech world, innovation happens a lot quicker. Years ago it would have taken decades.”

The 2013 Fortune 500 Top 10

1. Walmart
2. ExxonMobil
3. Chevron
4. Phillips 66
5. Berkshire Hathaway
6. Apple
7. General Motors
8. General Electric
9. Valero Energy
10. Ford

 

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