6 MN Cos. Make Fortune Global 500; 5 Move Down
Five of the six Minnesota companies that made Fortune’s list of the biggest companies in the world moved down in this year’s ranking, while Inver Grove Heights-based CHS, Inc., climbed 97 spots.
Minnetonka-based UnitedHealth Group, Inc., ranked highest among Minnesota companies on the Fortune Global 500, which is based on annual revenue. UnitedHealth dropped slightly on Fortune’s 2012 list, moving from 62nd to 63rd, despite a revenue increase of more than $7 billion from the previous year.
Eden Prairie-based Supervalu, Inc., fell the most on this year’s list, dropping 66 spots. Meanwhile, Richfield-based Best Buy Company, Inc., fell 19 spots, Minneapolis-based Target Corporation dropped 14 positions, and Maplewood-based 3M Company moved down three spots.
CHS was the only Minnesota company to move up in ranking. The agricultural supply company, whose revenue increased $11.6 billion from the previous year, climbed 97 spots.
The Minnesota companies that made the list—along with their rankings, annual revenue, and positions on last year’s list—are:
63—UnitedHealth Group, $101.9 billion (ranked 62nd last year)
120—Target, $69.9 billion (106th last year)
184—Best Buy, $50.3 billion (165th last year)
287—CHS, $36.9 billion (384th last year)
296—Supervalu, $36.1 billion (230th last year)
368—3M, $29.6 billion (365th last year)
Royal Dutch Shell topped this year’s list with $484.5 billion in revenue. Exxon Mobil and Wal-Mart stores rounded out the top three.
To view the entire Fortune Global 500 list, click here.
In addition to the six Minnesota companies listed above, 13 others made the Fortune 500 U.S. rankings this year but failed to make it into the Global 500.
Learn more about Minnesota companies in Twin Cities Business’ 2012 Business Information Guide, or B.I.G. Book, which contains lists spanning many industries. The top 100 public companies and the top 25 private companies in Minnesota are also listed in the directory.