Two Triangle firms make latest Fortune 500 list

Posted May 13, 2011

Fortune Magazine is out with its latest “Fortune 500” list of the nation’s 500 largest companies, and two Triangle firms make the elite collection.

Progress Energy is No. 240, and convenience story chain The Pantry is No. 363.

Progress is in the process of merging with Duke Energy, which ranks No. 173.

In all, 15 North Carolina-based firms are listed with Bank of America the top one at No. 9.

Burlington-based LabCorp comes in at No. 447.

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  • CB123 May 13, 2011

    It's highest revenue... not profits. Just because a company makes a lot, doesn't mean it pockets every penny. Energy companies are capital heavy, meaning even though they make a lot of money, they also spend it too.

  • 03jrhd11 May 13, 2011

    Pantry makes more profit on the products you all buy in the stores. The state and federal government make much more per gallon of gas / fuel than the store.

  • CB123 May 13, 2011

    Progress Energy is not government run. It is a public utility regulated by the state utilities commission.

  • kcollier39 May 13, 2011

    its funny how 2 of the biggest companies we need for everyday life has the biggest profits,OIL AND ELECTRICAL.

  • Tax Man May 13, 2011

    two companies I hate to deal with. Isn't Duke taking over Progress? And Labcorb has the worst billing system I have ever seen - all my lab bills are paid by insurance yet these fools send me three or four bills and notices and sometimes put it on my credit report then I have to fight it to get it removed.

  • Hater like Darth Vader May 13, 2011

    Wait, so let me get this straight. Progress Energy, who holds a government run monopoly on electricity in Eastern North Carolina has a high enough revenue to be ranked in the top 500? I can't even believe it!