New 2020 Fortune 500 list has two big changes for Georgia companies

The 2020 list includes 18 Georgia-based companies, the same number as in 2019.

Disappearing from the list — Fortune’s 66th edition — is SunTrust Banks Inc., which was absorbed at the end of 2019 into Charlotte, N.C.-based Truist Financial Corp.

SunTrust had held the No. 9 spot among Georgia companies on the 2019 list. (Truist makes its debut on this year’s Fortune 500 ranked at No. 217.)

Reappearing for 2020 among the ranks of Georgia companies is consumer products maker Newell Brands Inc., which last year moved its headquarters back to Atlanta from New Jersey. Newell ranks No. 10 among Georgia companies, and No. 316 nationally.

The Home Depot Inc., United Parcel Service Inc., Delta Air Lines Inc., The Coca-Cola Co., Aflac Inc., Southern Co., Genuine Parts Co., WestRock Inc. remain at the top of the list among the very largest Georgia companies.

The top Georgia-based company on the Fortune 500, Home Depot, ranks at No. 26 among the Fortune 500 for 2020, up from No. 27 last year.

The big climbers among Georgia companies for 2020 were box and carton giant WestRock Co, which climbed 13 positions to take the No. 177 spot (up from No. 190 in 2019); and The Coca-Cola Co., jumping 12 positions to take the No. 88 spot, up from No. 100 in 2019.

Energy giant Southern Co.’s spot on the 2020 Fortune 500 fell 22 places to No. 153, down from No. 131 for 2019.

Nationally, the top 10 companies on the 2020 Fortune 500 are Walmart (No. 1), (No. 2), Exxon Mobil (No. 3), Apple (No. 4), CVS Health (No.5), Berkshire Hathaway (No. 6), UnitedHealth Group (No. 7), McKesson (No. 8), AT&T (No. 9) and AmerisourceBergen (No. 10).

By   – Editor, Atlanta Business Chronicle

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