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Six Arkansas Companies Named to Fortune 500

Arkansas

Six Arkansas companies have been selected for the 2019 Fortune 500 list.

Fortune has named Walmart, Tyson Foods, Murphy USA, J.B. Hunt Transport Services, Dillard’s and Windstream Holdings to the top 500 companies. In addition, two companies – ArcBest and Murphy Oil – round out the top 1,000 companies.

The companies on this year’s list –the 65th edition of Fortune’s annual rundown of top companies – represent approximately two-thirds of the U.S.’s gross domestic product. These companies account for $13.7 trillion in profits, $22.6 trillion in market value and employ roughly 28.7 million people.

Fortune has published its ranking annually since 1955.

Walmart has the top spot on the Fortune 500 list, with an estimated $514 billion in revenue, $6.6 billion in profits, $219 billion in assets and $72 billion in total stockholder equity.

Since 2002, Walmart has occupied the number one spot continuously except on three occasions. The Bentonville-based company has held the top spot each consecutive year since 2013. It has been on the Fortune 500 for 25 years.

Tyson Foods was the second-highest Arkansas company on the list, at the 80th spot. The largest meat producer in the country, Tyson reported $40 billion in revenue for the past fiscal year. It has been on the Fortune 500 for 38 years.

Murphy USA, which was spun off from Murphy Oil, owns gas stations and stores in 26 states. The company is number 279 on the Fortune 500 and has been on the list for six years.

J.B. Hunt Transport Services Inc., based in Lowell, earned the 395th spot on the Fortune 500. The company, which has had a spot on the list for seven years, reported $8.6 billion in revenue in the last fiscal year.

“J.B. Hunt is taking on some of the biggest challenges in the industry while maintaining a tradition of providing safe, reliable transportation and logistics services,” John Roberts, president and CEO of J.B. Hunt, said in a statement. “Our inclusion in this year’s Fortune 500 list demonstrates our commitment to excellence and efficiency as we grow and expand to meet customer needs.”

Dillard’s, which has been on the Fortune 500 for 25 years, was ranked 439 in 2019. The company posted $6.5 billion in revenue and $170.3 million last fiscal year.

Windstream Holdings is the final Arkansas company on the Fortune 500 at spot 474. The telecom and internet service reported $5.7 billion in revenue but posted a loss of $723 million. It has had a Fortune 500 listing for seven years.

ArcBest and Murphy Oil, while not on the Fortune 500, did make the top 1,000 companies, at spots 763 and 843, respectively.

READ MORE: Nominations Open for 2020 Arkansas Business Hall of Fame

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