The Richmond region maintained its pack of seven Fortune 500 companies again this year.
Making the top of the local list again this year was Henrico County-based Altria Group Inc., the parent company of cigarette maker Philip Morris USA.
The company, which has been a Fortune 500 business for 65 years, dropped eight spots on this year list to No. 162 with revenue of $19.63 billion.
Automotive retailer CarMax Inc., which maintained the same ranking at No. 174 as last year, is now the area’s second-largest company based on revenue of $17.98 billion.
It jumped ahead of food service distributor Performance Food Group., which fell five spots to No. 176 with $17.62 billion in revenue.
Two of the region’s Fortune 500 companies — medical products distributor Owens & Minor Inc. and specialty insurer Markel Corp. — moved up in the rankings for 2019.
The Fortune 500, published by Fortune magazine since 1955, was released this week. It ranks America’s public companies by revenue for their most recent fiscal years.
On the overall Fortune 500, retail giant Walmart, based in Bentonville, Ark., kept its spot at the top for the seventh straight year.
It was followed by Exxon Mobil in Irving, Texas; Apple in Cupertino, Calif.; Berkshire Hathaway in Omaha, Neb.; and Amazon.com in Seattle.
Virginia had 21 companies on the Fortune 500.
The largest Virginia company, mortgage finance giant Freddie Mac, ranked No. 40, with revenue of $73.59 billion. General Dynamics, at No. 92, was second in the state with revenue of $36.19 billion.
McLean-based Capital One Financial Corp., the Richmond region’s largest private employer, was Virginia’s third-largest company. It moved up three spots to No. 98, with $32.37 billion in revenue.
Three other companies based in the Richmond region made the Fortune 1000 list. Secure transportation and logistics provider Brink’s Co. was No. 687; fuel additives maker NewMarket Corp. was No. 905; and tobacco leaf dealer Universal Corp. was No. 976.
The region lost some of its bragging rights last year when Richmond was no longer considered headquarters for WestRock Co., dropping the total to seven from eight in the previous year.
Atlanta is now the headquarters for WestRock. The packaging giant was formed by the 2015 merger of Richmond’s MeadWestvaco and Georgia’s RockTenn.