A map published by Broadview Networks last month shows each states’ largest company by revenue. Many of the companies are household names, and most are Fortune 500 companies. (GovBeat’s Niraj Chokshi wrote about it here.)
The largest company, Wal-Mart, is headquartered in Bentonville, Ark., followed by ExxonMobil in Irving, Tex., and Chevron in San Ramon, Calif. But 11 states’ largest companies are not on the latest Fortune 500 list: Alaska, Hawaii, Kansas, Maine, Montana, New Hampshire, New Mexico, Oklahoma, South Dakota, Vermont, West Virginia, and Wyoming. The big surprise is Kansas, home to Sprint, which, despite making more than $35 billion in 2013, was dropped from the 2014 list because a Japanese bank acquired 80 percent ownership and it no longer qualifies as a U.S. company.
Big companies headquartered in especially big states had no chance to make the map. Apple and health-care company McKesson in California, and Phillips 66, Valero, and AT&T in Texas all bring in more revenue than New York’s largest company, Verizon, which is ranks 16th on the Fortune 500, but were stuck behind behemoths Chevron and ExxonMobil. A recent study found California, Texas, and New York have gross state products large enough to rank among the largest economies in the world.
The largest private company on the map is Minnetonka, Minn.-based food processing company Cargill, which made more than $136 billion in 2013.