Philip Morris International Inc. (PM)

Philip Morris International Inc. (PMI) is a globally recognized American multinational tobacco and cigarette manufacturing company, originally established as part of Philip Morris Companies Inc., which was founded by Philip Morris in London in 1847. The company headquarters were later relocated to Stamford, Connecticut, and currently based in New York. PMI is famous for producing iconic cigarette brands, with Marlboro being its most prominent. In 2008, the company spun off from Altria Group to focus on innovative smokeless products, diversifying its offerings to lead the industry's transformation towards a smoke-free future. With significant revenue reaching tens of billions annually, PMI is at the forefront of developing reduced-risk products such as IQOS, a heated tobacco system. The company's commitment towards sustainability and scientific research makes it a key player in the global effort to reduce the adverse health effects of smoking.