Greater Richmond now home to 8 Fortune 500 headquarters

This year, Fortune’s 2022 rankings of the top U.S. public and private corporations by gross revenue brings good news to Greater Richmond. Convenience store operator ARKO, based in Henrico County, rose to the Fortune 500 list making the region home to eight on the exclusive list. ARKO, the parent company of Richmond-based GPM Investments, only made it to the Fortune 1000 list for the first time last year.

According to a statement from ARKO Chairman and CEO Arie Kotler, “We’re incredibly proud to be named to this year’s Fortune 500 list, an important confirmation that our growth strategy, disciplined investment approach, and our people continue to deliver excellent results. This is a significant achievement since joining NASDAQ less than two years ago, and a testament to our continued success.”

Kotler points to Greater Richmond’s strong and educated workforce plus the region’s proximity to other major markets for its successful growth. “Richmond has been a great base of operations because of its educated, motivated workforce and proximity to some of our prime territories throughout Virginia and the Carolinas,” says Kotler.

Company Name Fortune 2022 Rank Previous Rank Revenue $M Richmond Employees* Corporatewide Employees Line of Business
Performance Food Group 112 114 $30,398.9 819 22,885 Food wholesale
Altria 165 138 $21,111.0 3,850 6,000 Tobacco products
Carmax 174 136 $20,092.1 2,475 26,889 Automotive retailer
Dominion Energy 257 193 $14,218.0 5,433 17,100 Electric and gas utility
Markel 289 311 $12,846.4 1,886 20,300 Insurance
Owens & Minor 361 345 $9,785.3 609 17,300 Health care wholesaler
Genworth Financial 434 348 $7,882.0 850 2,500 Insurance
ARKO 498 681 $6,412.6 500 11,236 Convenience stores
ASGN 663 622 $433.8 121 3,900 Tech consulting
Brink’s 675 650 $4,200.2 100 73,350 Security services
NewMarket 947 954 $2,356.1 350 2,104 Chemicals

* Richmond employment estimated by the Greater Richmond Partnership using secondary data sources.

Together, the 11 headquartered companies have a combined $129.7 billion in revenue and 203,564 in company-wide employment.

Several companies included on the list have increased their rankings since last year. NewMarket climbed seven places, ARKO jumped 183 places, Markel is up 22 places and Performance Food Group is up 2 places and leading the pack at #112.