Altria Group, Inc. (MO)

Altria Group, Inc. is a prominent American corporation primarily engaged in the manufacturing and marketing of tobacco products. Founded in 1985 and headquartered in Richmond, Virginia, Altria is best known for its flagship brand, Marlboro, a leading name in the cigarette industry. The company's influence extends beyond cigarettes, with a significant presence in smokeless tobacco products, wine, and nicotine pouches. As of recent years, Altria has also been investing in alternatives to traditional tobacco, such as e-vapor products and cannabis. The company aims to guide adult smokers toward less harmful products, positioning itself strategically in the evolving landscape of consumer preferences and regulatory environments. In 2023, Billy Gifford serves as the CEO, driving Altria's commitment to transforming its business model and reducing harm. Altria reported a revenue of approximately $20.69 billion in 2022, reflecting its robust market position despite challenges in the tobacco industry.