Altria

Altria Group, Inc.
FormerlyPhilip Morris Companies, Inc. (1985–2003)
Company typePublic
IndustryTobacco
Founded1985 (1985) (as Philip Morris Companies, Inc.)
HeadquartersReynolds Metals Company International Headquarters
Henrico County, Virginia, U.S.
Area served
Worldwide
Key people
Billy Gifford (chairman & CEO)
RevenueIncrease US$21.111 billion (2021)[1]
Increase US$11.560 billion (2021)[1]
Increase US$2.475 billion (2021)[1]
Total assetsDecrease US$39.523 billion (2021)[1]
Total equityDecrease -US$1.606 billion (2021)[1]
Number of employees
6,000 (2021)[2]
Subsidiaries
Websitealtria.com

Altria Group, Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes, and medical products in the treatment of illnesses caused by tobacco. It operates worldwide and is headquartered in Henrico County, Virginia, just outside the city of Richmond.

Altria is the parent company of Philip Morris USA, John Middleton, Inc., U.S. Smokeless Tobacco Company, Inc., and Philip Morris Capital Corporation. Altria also maintains large minority stakes in Belgium-based brewer AB InBev and the Canadian cannabis company Cronos Group. It is a component of the S&P 500 and was a component of the Dow Jones Industrial Average from 1985 to 2008, dropping due to spin-offs of Kraft Foods Inc. in 2007 and Philip Morris International in 2008.[3]

  1. ^ a b c d e "Altria Group, Inc. 2020 Annual Report (Form 10-K)" (PDF). Altria Group, Inc. December 31, 2021. Retrieved August 27, 2021.
  2. ^ "2018 Annual Report (Form 10-K)" (PDF). Altria Group, Inc. February 2019. Retrieved March 30, 2019.
  3. ^ "Altria, Honeywell Removed from DJIA; Bank of America, Chevron Added". February 11, 2008.

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