Business & Tech
Waltham-Based Thermo Fisher, Global Partners Make 2023 Fortune 500 List
Thermo Fisher and Global Partners are listed along with 15 other Massachusetts companies on the latest edition of the list.
WALTHAM, MA — Two Waltham companies in Thermo Fisher and Global Partners have seen their value remain high as of late and, on Monday, both were named to the most recent Fortune 500 list.
This is the 69th edition of the Fortune 500 list, a ranking of companies by total annual revenue. The corporations on the list had combined revenues of $18 trillion in fiscal year 2022 and account for two-thirds of the gross domestic product, Fortune said in a news release. Profits, down 15 percent, fell for the second time in the last three years.
In total, 17 Massachusetts companies made the list, including the Framingham-based TJX and General Electric.
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Thermo Fisher was ranked 97 overall while Global Partners was ranked 220.
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For the first time in the list’s history, more than 10 percent of Fortune 500 companies have female CEOs. This year’s list includes 52 Fortune 500 companies that are led by women, an all-time high, up from 44 last year.
Of the companies based in Massachusetts, only Vertex has a woman CEO: Reshma Kewalramani.
The number of companies led by women in this year’s Fortune 500 are a “slow, but real” sign of progress, Fortune Editor-in-Chief Alyson Shontoll said in her foreword in the June/July issue of the magazine.
“There are also more Black CEOs running Fortune 500s than ever before — but it’s shameful to say that there are still only eight,” Shontoll wrote.
The top 10 companies on the 2023 list are Walmart, Amazon.com, ExxonMobil, Apple, UnitedHealth Group, CVS Health — based in Woonsocket, RI — Berkshire Hathaway, Alphabet, McKeeson and Chevron.
Walmart held the top spot for the 11th consecutive year, generating $5.7 trillion cumulative revenue over that time. Amazon.com is at No. 2 for the fourth straight year with a 9 percent jump in revenue, eclipsing the $510 billion mark. At No. 3 with a 45 percent jump in revenue, ExxonMobil bumped Apple to No. 4.
But with $99.8 billion in profits, Apple was the most profitable company on the list for the eighth time in nine years.
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