AT&T leads the new “U.S. Investment Heroes of 2016” report that ranks non-financial companies by investment in the American economy.
The top 25 is dominated by technology and energy companies with AT&T leading for the fourth consecutive year.
“We call these companies “Investment Heroes” because their capital spending is helping raise productivity and wages across the country.,” says the Progressive Policy Institute, which conducts the report.
However, PPI notes that investment grew only 2.9 percent in 2015 vs. a 12.7 percent increase in 2014.
PPI looks for “U.S. companies resisting short-termism and making long-term domestic investments in buildings, equipment, and software.”
AT&T leads at nearly $18.8 billion followed by Verizon at $16.6 billion.
Duke Energy came in 10th at $6.6 billion.
The list
Here’s the top 25 (spending in billions):
1 AT&T $18,732.6
2 Verizon $16,548.5
3 Exxon Mobil $10,994.0
4 Energy Transfer Equity $9,386.0
5 Chevron $8,579.0
6 Walmart $8,547.0
7 Alphabet (Google parent) $8,445.1
8 Comcast $8,358.0
9 Exelon $7,624.0
10 Duke Energy $6,614.0
11 Apple $6,381.8
12 American Airlines Group $6,151.0
13 Phillips 66 $5,730.0
14 Microsoft $5,633.9
15 Amazon.com $5,496.4
16 General Motors $5,389.6
17 ConocoPhillips $5,117.0
18 Intel $4,826.0
19 Union Pacific $4,650.0
20 FedEx $4,450.1
21 Time Warner Cable $4,446.0
22 Ford Motor $4,035.2
23 Enterprise Product Partners $3,830.7
24 General Electric $3,528.6
25 Freeport-McMoRan $3,419.0
Top 25 Total 176,913.6
Read more at: http://www.progressivepolicy.org/wp-content/uploads/2016/10/InvestHeroes_2016.pdf
