Convenience Industry Makes Strong Showing in Latest Fortune 500
NEW YORK — The convenience channel has a commanding presence on the 2015 Fortune 500 list, which marks the 61st running of the rankings.
In total, the Fortune 500 companies account for $12.5 trillion in revenues, $945 billion in profits and $17 trillion in market value, and they employ 26.8 million people worldwide.
This year's rankings feature Marathon Petroleum Corp. at No. 25 (the same spot it occupied last year); Energy Transfer Equity at No. 53; Global Partners LP at No. 180; Murphy USA Inc. at No. 202; CST Brands Inc. at No. 277; Delek US Holdings Inc. at No. 345; TravelCenters of America LLC at No. 365; Casey's General Stores Inc. at No. 382; and The Pantry Inc., which was sold to Canada-based retailer Alimentation Couche-Tard Inc. this spring, at No. 402.
Energy and gas companies closely associated with the convenience channel also make a strong showing this year, including ExxonMobil Corp. at No. 2 and Chevron Corp. at No. 3. In addition, Phillips 66, Valero Energy Corp., CHS Inc., Tesoro Corp., Hess Corp. and Western Refining Inc. also earned spots on the list.
Convenience store suppliers and wholesalers stake a claim on the 2015 Fortune 500 as well. Familiar industry names among the rankings include PepsiCo Inc. (No. 44), The Coca-Cola Co. (63), Tyson Foods Inc. (83), Mondelēz International Inc. (91), Kraft Foods Group (165), The Altria Group Inc. (169), General Mills Inc. (171), ConAgra Foods (173), Reynolds American Inc. (337), Core-Mark Holding Co. Inc. (352), Coca-Cola Enterprises (368) and The Hershey Co. (376).