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Nothing necessarily wrong with that, but L.A.'s economy does miss out on the glitz and revenue dollars that a big corporation can offer. Every year the Fortune 500 comes out we are reminded of just how few big companies are based here. Tops on the local list is Disney, with revenues of $40.9 billion (tops on the full list is Exxon Mobil, at $452,9 billion). After that it's Santa Ana-based Ingram Micro at #81 ($36.3 billion), El Segundo-based DirectTV at #105 ($27.2 billion), and L.A.-based Occidental Petroleum at #122 ($24.2 billion). All told, just 19 Socal companies are on the list of 500 - and only four five of the 19 are headquartered in the city of L.A.. Below is the top 20 (revenue in millions):
1 Exxon Mobil 452,926.0
2 Wal-Mart Stores 446,950.0
3 Chevron 245,621.0
4 ConocoPhillips 237,272.0
5 General Motors 150,276.0
6 General Electric 147,616.0
7 Berkshire Hathaway 143,688.0
8 Fannie Mae 137,451.0
9 Ford Motor 136,264.0
10 Hewlett-Packard 127,245.0
11 AT&T 126,723.0
12 Valero Energy 125,095.0
13 Bank of America Corp. 115,074.0
14 McKesson 112,084.0
15 Verizon Communications 110,875.0
16 J.P. Morgan Chase & Co. 110,838.0
17 Apple 108,249.0
18 CVS Caremark 107,750.0
19 International Business Machines 106,916.0
20 Citigroup 102,939.0
LA Observed photo of Bunker Hill
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.