A Record 5% of Fortune 500 CEOs are Female

By Business LeadersFOXBusiness

It may not sound like a lot, but a record 5% of Fortune 500 CEOs on this year's list are female. The annual list, which was released on Monday, ranks the revenues of the largest U.S. companies.

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Mary Barra, who is the CEO of General Motors (NYSE:GM), at number seven, was the highest-ranked female on the Fortune 500 list. Meg Whitman, CEO of HP (NYSE:HPQ), was the next female in line, coming in at 17 on the overall ranking.

Other women running companies ranked in the top 50, included Virginia Rometty of IBM (NYSE:IBM), Patricia Woertz of Archer Daniels Midland (NYSE:ADM) and Indra Nooyi of Pepsico (NYSE:PEP). A total of 24 women helm companies on the Fortune 500 list.

The top company on the overall list was Wal-Mart (NYSE:WMT), with $476 billion in annual revenue. Exxon Mobil (NYSE:XOM) came in second with $407 billion in revenue during its fiscal year.

Apple (NASDAQ:AAPL) moved up to the top five this year, with $117 billion in yearly revenue. Others in the top five included Chevron (NYSE:CVX) and Berkshire Hathaway (NYSE: BRK.A).

Fortune, which is owned by Time, is completing its spinoff from Time Warner (NYSE:TWX). Time will be publicly traded starting this Friday (NYSE:TIME).

Time’s own revenue fell 9% between 2011 and 2013, coming in at $3.35 billion. The plans for the spinoff were announced in March of last year.