Edited By Alain Sherter
/ MoneyWatch
Chevron rejoined the upper echelon of Fortune's list of the 500 largest companies by revenue, the magazine said Monday in releasing its latest ranking.
The oil company ranks No. 10 on this year's list, knocking off drugmaker AmerisourceBergen, which held the spot in 2022. Chevron saw its revenues climb more than 52% last year, which helped it rejoin the top 10 for the first time since 2015, Fortune said. Chevronposted a record $36.5 billion in profitlast year as oil and gas prices soared.
Here are the top 10 largest U.S. companies for 2022 as ranked by Fortune.
1. Walmart
The world's largest retailer posted $611 billion in revenue last year, according to Fortune. Walmart has held the top spot for 11 years straight.
2. Amazon
The online retailer generated in $514 billion in revenue last year. Amazon has been second on the list for four years.
3. Exxon Mobil
The oil company also had a banner year in 2022, raking in $413 billion in revenue and $55 billion in profit. Exxon Mobil moved into the third spot after bumping off Apple.
4. Apple
The tech giant had $394 billion in revenue for 2022, Apple may have fallen to fourth, but the iPhone seller is still the most profitable company on the list, claiming that title for the eighth time in nine years, according to Fortune.
5. UnitedHealth Group
The health insurance company generated $324 billion in revenue last year, making it the highest-ranking health care company on Fortune's list.
6. CVS Health
The pharmacy chain reported 2022 revenue of $322 billion, making it the highest-ranked company on Fortune's list run by a woman. CEO Karen Lynch took the helm in 2021.
7. Berkshire Hathaway
Warren Buffett's holding company had $302 billion in revenue last year, with the conglomerate holding on to its No. 7 spot on Fortune's list.
8. Alphabet
Google's parent company brought in nearly $283 billion in revenue, allowing Alphabet to maintain its No. 8 ranking on the list.
9. McKesson
The medical supplies company generated $264 billion in revenue last year, according to Fortune. McKesson also ranked 9th in last year's list.
10. Chevron
The San Ramon, Calif.-based energy company saw its revenue soar 52% last to $246 billion.
Khristopher J. Brooks is a reporter for CBS MoneyWatch. He previously worked as a reporter for the Omaha World-Herald, Newsday and the Florida Times-Union. His reporting primarily focuses on the U.S. housing market, the business of sports and bankruptcy.
