Fortune Debuts 62nd Annual Fortune 500 List

Today, Fortune releases its 62nd annual Fortune 500 list, which ranks companies by revenues and has become a benchmark for business success.

It was a tough year for the 500. Revenues were down 4.2% from a year earlier, and profits were down 11%. That reflected a particularly poor showing by the energy sector. Exxon (XOM), which used to vie with Walmart (WMT) for the list’s top spot, had just a little over half the revenues of the retail giant. Overall, the Fortune 500 had revenues of $12 trillion dollars, roughly two-thirds the size of the U.S. GDP.

Apple continued its extraordinary climb, up to the No. 3 spot this year, from No. 5 last year, and took top honor in profits. Second in profits was J.P. Morgan Chase (JPM), which enjoyed a 12.3% jump in earnings, and displaced Exxon in the number two spot. Amazon (AMZN) moved into the Fortune 500’s top 20 – at 18, up from 29. Other big movers included Facebook (FB) – jumping 85 spots to No. 157; and Netflix (NFLX), moving to No. 379 from 474. You can find a list of the ten companies that made the biggest gains here; and the 29 companies that fell off the list here.

Check out the full list. And I recommend you find some time today to read Beth Kowitt’s fascinating story on Monsanto, which is trying to overcome a mountain of critics as it struggles to feed the planet.

To subscribe to FORTUNE’s CEO Daily newsletter, click here

Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Sign up today.

Read More

Great ResignationDiversity and InclusionCompensationCEO DailyCFO DailyModern Board