CA Has Nation's Most Fortune 500 Companies For First Time In A Decade

CALIFORNIA — California is now home to the most Fortune 500 companies in the country.

Fortune announced this week that the Golden State, with 57 of the nation's largest companies, claimed first place for the first time since 2014. California beat both Texas and New York, which tied for second place with 52 companies each.

California took first place despite the fact that five companies fell off the state's list this year, according to Fortune. That's because nine companies headquartered in the Golden State were added to the list, including Clorox, DoorDash and Workday.

Bay Area companies dominated the list with 44 of the 57 companies based in the region, including the top five Fortune 500 companies based in California.

Gov. Gavin Newsom shared the news and noted that California remains the fifth largest economy in the world for the seventh consecutive year, with a nominal GDP of nearly $3.9 trillion in 2023 and a growth rate of 6.1 percent since the year prior, according to the U.S. Bureau of Economic Analysis.

"California is home to 35 of the world's 50 leading AI companies, high-impact research and education institutions, and a quarter of the technology's patents and conference papers," Newsom's office said in a news release. "The Golden State, which has the most equitable tax system in the entire country, is No. 1 in the nation for new business starts, No. 1 for access to venture capital funding, and the No. 1 state for manufacturing, high-tech, and agriculture."

These are the top 20 California companies that made the list:

1. Apple: Cupertino, No. 3
2. Alphabet: Mountain View, No. 8
3. Chevron: San Ramon, No. 15
4. Meta Platforms: Menlo Park, No. 30
5. Wells Fargo: San Francisco, No. 34
6. Walt Disney: Burbank, No. 47
7. Nvidia: Santa Clara, No. 65
8. TD Synnex: Fremont, No. 71
9. Cisco Systems: San Jose, No. 74
10. Intel: Santa Clara, No. 79
11. HP: Palo Alto, No. 82
12. Uber Technologies: San Francisco, No. 113
13. Qualcomm: San Diego, No. 117
14. Broadcom: Palo Alto, No. 118
15. Salesforce: San Francisco, No. 123
16. Molina Healthcare: Long Beach, No. 128
17. Netflix: Los Gatos, No. 131
18. Visa: San Francisco, No. 135
19. PayPal Holdings: San Jose, No. 145
20. Amgen: Thousand Oaks, No. 151

See the full list on Fortune.