THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Tuesday, April 9, 1996 TAG: 9604090379
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
SOURCE: ASSOCIATED PRESS
LENGTH: Short : 50 lines
Thirteen companies based in Virginia landed Monday on Fortune magazine's list of the nation's 500 largest corporations.
The magazine's annual ranking of the nation's biggest companies, released Monday, reflected the huge corporate overhaul that began during the last recession and continues today.
Total employment at the 500 barely budged from the previous year, rising 0.2 percent. That suggests many companies have learned to do more using about the same, or fewer, workers.
Here are the Fortune 500 Top 10 followed by the Virginia companies on the list. Each entry includes rank, name of company, headquarters, change from last year and the 1995 sales figure:
1. General Motors, Detroit, unchanged, $168.829 billion.
2. Ford Motor, Dearborn, Mich., unchanged, $137.137 billion.
3. Exxon, Irving, Texas, unchanged, $110.009 billion.
4. Wal-Mart Stores, Bentonville, Ark., unchanged, $93.627 billion.
5. AT&T, New York, unchanged, $79.609 billion.
6. International Business Machines, Armonk, N.Y., up from 7th, $71.940 billion.
7. General Electric, Fairfield, Conn., down from 6th, $70.028 billion.
8. Mobil, Fairfax, Va., unchanged, $66.724 billion.
9. Chrysler, Auburn Hills, Mich., up from 11th, $53.195 billion.
10. Philip Morris, New York, unchanged, $53.139 billion.
Other Virginia-based companies in the Fortune 500 include:
117. Federal Home Loan Mortgage, McLean, up from 168th, $10.915 billion.
121. CSX, Richmond, down from 113th, $10.504 billion.
174. USAir, Arlington, down from 166th, $7.474 billion.
179. Reynolds Metals, Richmond, up from 198th, $7.252 billion.
194. James River, Richmond, up from 213th, $6.800 billion.
237. Circuit City Stores, Richmond, up from 280th, $5.583 billion.
283. Norfolk Southern, Norfolk, down from 253rd, $4.668 billion.
285. Dominion Resources, Richmond, down from 262nd, $4.652 billion.
314. Gannett, Arlington, down from 299th, $4.007 billion.
350. General Dynamics, Falls Church, down from 307th, $3.544 billion.
379. Universal, Richmond, up from 380th, $3.281 billion.
416. Owens & Minor, Richmond, up from 466th, $2.977 billion. by CNB