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The Washington, D.C. company that has become a symbol of the U.S. economy has been named the most valuable by Forbes magazine.
Tulsa, Oklahoma-based Tulsa Power Holdings Inc. was ranked fifth, behind Exxon Mobil Corp., Walmart, Microsoft Corp. and General Electric Co. The Forbes ranking of the companies was released on Monday and was based on a list of companies’ market capitalizations, stock prices and earnings per share.
Tulsamash was the only company that made Forbes’ list of the most powerful companies in the world in the past year.
The other five were: Apple Inc., Amazon.com Inc., Microsoft Corp., Pfizer Inc., Cisco Systems Inc. and Cisco Systems/Intuit Inc.
Tulas earnings per unit was estimated at $7.20 per share, up from $6.70 per share a year ago, according to Forbes.
Tulsamashes earnings per common share, which includes dividends and share repurchases, were up $6, or 15.2 percent.
TTS has a market cap of $17.4 billion, which is slightly more than Exxon Mobil and Amazon.TTS shares were trading down $4.10, or 3.6 percent, at $43.69 on Monday.