Another reminder that L.A. is a very un-corporate city

bunker-hill-skyline.lao.jpgNothing 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


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook