Altria Group Ranks No. 23 on the 2007 Fortune 500
The New York, NY-based company was ranked No. 20 on the 2006 list. Its 2006 revenues were up 1.7 percent from the previous year; profits were up 15.2 percent from the previous year.
Other companies in the Tobacco sector on this year's Fortune 500 include: Reynolds American (RA (Charts)I) ranked No. 288; Universal (UVV (Charts)) ranked No. 573; Alliance One International (AOI (Charts)) ranked No. 811 and UST (UST (Charts)) ranked No. 923.
Last year, Fortune 500 firms, which cover a large swath of the U.S. economy including 31 non-public companies, earned a record $785 billion, up 29 percent from 2005. "Put simply, American companies are enjoying the most sumptuously profitable period in the 500's 53-year history," said Shawn Tully, Fortune's editor at large. "Virtually every conceivable force, from mild labor costs to a falling dollar to soaring productivity, has favored big companies."
The Fortune 500 ranks companies based on revenues. New York boasts the most Fortune 500 firms this year with 57 companies, while Texas and California took the No. 2 and 3 spots, with 45 and 22 headquarters respectively.
Next: See the 2007 FORTUNE 500
See Altria Group's Fortune 500 details, including financial stats and contact information.
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