Top 20 cash-rich American companies (To go with: US wallows in debt but its firms hoard $2 trillion in cash)

August 8th, 2011 - 11:40 am ICT by IANS  

Washington, Aug 8 (IANS) Here is the Standard and Poor’s list of top 20 US companies sitting on $1.4 trillion in cash, even as the debt-ridden world’s largest economy had to face an embarassing ratings downgrade last week:

1. Citigroup $526 billion
2. JPMorgan Chase $414 billion
3. Wells Fargo $112 billion
4. General Electric $82 billion
5. Microsoft $53 billion
6. Google $39 billion
7. Oracle $29 billion
8. Apple $28 billion
9. Johnson & Johnson $27 billion
10. Pfizer $24 billion
11. Chevron $18 billion
12. Coca-Cola $14 billion
13. Intel $12 billion
14. IBM $12 billion
15. Exxon Mobil $10 billion
16. Walmart $9 billion
17. Schlumberger $5 billion
18. AT&T; $4 billion
19. Procter & Gamble $3 billion
20. Philip Morris $2 billion

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