HARTFORD — Connecticut has 19 companies on the latest Fortune 500 ranking of the biggest companies in the country, a list that includes Walmart, Exxon Mobil and Apple at the top. General Electric, which is moving its headquarters from Fairfield to Boston this year, is the top Connecticut company.
New to the list this year is Greenwich-based XPO Logistics. Among the four leading Connecticut companies on the list, General Electric has already announced plans to move, while Cigna and Aetna are involved in mergers that could push them out of state.
Here is the list of Connecticut companies, followed by total revenues in millions of dollars and Fortune 500 rank. To see the full Fortune 500 list, go to fortune.com/fortune500.
#11 General Electric, $140.4 billion
General Electric plans to move its headquarters to Boston, but for now remains in Fairfield. Ranked No. 8 last year, GE is undergoing major changes under CEO Jeff Immelt. The company is selling off portions of its business like GE Capital and consumer appliances in favor of its more profitable sectors, according to Fortune Magazine. Although profits were down, there are strong signs of growth in jet engines, medical equipment and power generation, which the company is focusing on, Fortune wrote.
#45 United Technologies, $61 billion
Farmington-based UTC remained steady at No. 45. The company has had a busy year and a half with former CEO Louis Chenevert stepping down, Sikorsky being sold to Lockheed Martin and Honeywell making a bid for a takeover, Fortune wrote. And despite Republican presidential candidate Donald Trump criticizing the company for closing HVAC plants in Indiana, the aerospace and defense company has spent three straight years at No. 45 on the list.
#46 Aetna, $60.3 billion
The Hartford-based health care company climbed three positions on the list, but Fortune says all eyes are on the potential $37 billion merger with Humana. Some are warning that the merger could “burden hospitals” and state insurance commissioners have their own concerns, Fortune writes. In Connecticut, the focus is on whether the company keeps its headquarters in Hartford or opts to move if the merger is completed.
#79 Cigna, $37.9 billion
Bloomfield-based Cigna has its own potential merger on the horizon with Anthem. The fifth largest health insurer, Cigna jumped from No. 90 to 79 for its highest ranking since 2000. Although ObamaCare has adversely impacted many health insurers, Cigna has limited individual health plans sold on ObamaCare exchanges, benefiting the company’s revenues, according to Fortune.
#150 Xerox, $18.7 billion
Norwalk-based Xerox slid from No. 143 on the Fortune list last year. The company is set to split into two later this year and CEO Ursula Burns will leave her role to become chairman of a newly formed document technology company, according to the Associated Press. Burns was the first black woman to run a Fortune 500 company.
#152 Hartford Financial Services Group, $18.4 billion
After years of decline on the Fortune list, the Hartford-based insurance company rose slightly from No. 160.
#256 Stanley Black & Decker, $11.2 billion
New Britain-based Stanley Black & Decker was previously ranked No. 261. The home equipment and furnishings company had a slight dip of 2.1 percent in revenue but saw profits rise by 16 percent.
#262 Praxair, $10.8 billion
Danbury-based Praxair fell from last year’s spot at No. 249. The company is among the largest suppliers of industrial gas in the world.
#292 Charter Communications, $9.8 billion
The TV, phone and internet company based in Stamford rose from No. 317 this year. This year is the highest ranking Stamford-based Charter has had in its 16 years on Fortune’s list.
#308 Priceline Group $9.2 billion
Priceline also saw a big jump, rising from No. 339. Priceline, an online travel company, operates Priceline.com, Kayak, Book.com, Agoda, Rentalcars.com and OpenTable. On the list just four years, this is the highest ranking for Priceline.
#353 XPO Logistics, $7.6 billion
This is the first year on Fortune’s list after a “stunning 419.8 percent increase in revenue.” The Greenwich-based shipping provider made several acquisitions in 2015 including UX Specialized Logistics, Bridge Terminal Transport, Con-Way Inc. and Norbert Dentressangle, according to Fortune.
#368 W.R. Berkley, $7.2 billion
Another riser on the list, the Greenwich-based property and casualty insurer was ranked No. 385 last year. This is the company’s highest ranking since joining the list in 2003.
#381 EMCOR Group, $6.7 billion
The Norwalk engineering and construction company was ranked No. 421 last year. Earlier this year, the company purchased Ardent Services and Rabalais Constructers.
#396 Terex $6.5 billion
The Westport machinery company had a fall from No. 377 on the list, seeing an 11.6 percent decline in revenue, according to Fortune.
#419 Harman International Industries, $6.2 billion
Stamford-based Harman has only been on the list two years, but the high-end audio equipment maker is seeing revenue increase, Fortune wrote. The company jumped from No. 486 last year.
#440 United Rentals, $5.8 billion
In its third year on the list, United Rentals achieved its highest ranking. The Stamford construction equipment rental company was ranked No. 463 last year.
#444 Starwood Hotels & Resorts, $5.8 billion
The hotel chain based in Stamford remained steady, falling just two spots on the list from last year. Shareholders approved the sale of the company to Marriott earlier this year in a $14 billion deal.
#461 Frontier Communications, $5.6 billion
Frontier joined the top 500 on the list this year, up from 540 last year. The Norwalk telecommunications company purchased wireline assets from Verizon last year in California, Florida and Texas, according to Fortune, which led to the rise.
#462 Amphenol $5.6 billion
A telecommunications equipment manufacturing company with an 83-year history, Wallingford-based Amphenol rose from No. 487 in its second year on the list, according to Fortune.
Correction: This article previously referred to Forbes as the author of the list. The list is generated by Fortune Magazine.
