Virginia Fortune 500 Companies – Virginia Business

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Published

July 26, 2022




by

Richard Foster


Virginia continues to do well on the Fortune 500, with 21 Commonwealth companies making this year’s list, which ranks the 500 largest publicly traded companies in the United States by total revenue.

Federal Home Loan Mortgage Corp. (“Freddie Mac”) once again topped Virginia’s Fortune 500 list. With $65.89 billion in revenue in 2021, the company ranked 56th on the list. (Freddie Mac will have more competition next year, however, when Raytheon Technologies Corp., ranked 58th this year with $64.38 billion in revenue, is counted among Virginia-based companies.)

Nine of this year’s Fortune 500 companies are based in Fairfax County. The Richmond area comes in second, with eight companies, including Richmond-based Arko Corp., which debuted on the Fortune 500 this year at No. 498. Arko is the parent company of GPM Investments LLC, based in Richmond, one of the largest convenience store chains in the country.

The only Virginia companies to climb the Fortune 500 this year were Goochland County-based Performance Food Group Co., which rose two spots to No. 112, and county insurer Henrico Markel Corp. ., which climbed 22 places to No. 289. .

Notable companies that have been dropped from Virginia’s Fortune 500 list include railroad company Norfolk Southern, which moved to Atlanta last year, and federal contractor CACI International Inc., which slipped to the No. ° 522.

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