Company

Philip Morris

Official Name: Philip Morris International Inc.

Headquarters: New York, NY, United States

Founded: 2008

Employees: 69,600

CEO: Mr. Jacek Olczak

show_chart NYSE: PM

Market Cap

$154.71 Billion

USD as of April 1, 2022

history Market Cap History

Philip Morris market capitalization evolution

Evolution of Philip Morris International Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Philip Morris International Inc.

Detailed Description

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; and Fortune and Jackpot in the Philippines. It markets and sells its products in the European Union, Eastern Europe, the Middle East, Africa, South and Southeast Asia, East Asia, Australia, Latin America, and Canada. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York.

Wikipedia Introduction

Philip Morris International Inc. (PMI) is a Swiss-American multinational cigarette and tobacco manufacturing company, with products sold in over 180 countries. The most recognized and best selling product of the company is Marlboro. Philip Morris International is often referred to as one of the companies comprising Big Tobacco. Until a spin-off in March 2008, Philip Morris International was an operating company of Altria. Altria explained the spin-off, arguing PMI would have more "freedom," i.e. leeway outside the responsibilities and standards of American corporate ownership in terms of potential litigation and legislative restrictions to "pursue sales growth in emerging markets", while Altria focuses on the American domestic market. The shareholders in Altria at the time were given shares in PMI, which was listed on the London Stock Exchange and other markets. The company's legal seat is in Stamford, Connecticut but it does not operate in the United States of America. Philip Morris USA, a subsidiary of PMI's former owner American parent Altria group, owns the Philip Morris brands there. Operational headquarters are in Lausanne, Switzerland. With tobacco being addictive and the single greatest cause of preventable death globally, the company is highly controversial, not least because of its history of obfuscating scientific evidence around the health impacts of smoking. It has been the subject of litigation and restrictive legislation from governments. In response to awareness of the harm to health of cigarettes, PMI has declared on its homepage the intention to replace cigarettes with smoke-free products, and to "switch ... adult smokers" to these products as the first phase of a business strategy, as a decision for the benefit of "adult smokers" and the company's shareholders and employees. With the world-wide decrease in smoking prevalence in the 21st century, shares of Philip Morris were no longer considered the "safe haven" they once were. However, it has to be noted that the absolute number of smokers continues to increase. The company ranked No. 101 in the 2021 Fortune 500 list of the largest corporations by total revenue.

Source: Wikipedia, retrieved on March 31, 2022, 9:03 p.m.

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Product & Services

Cigarettes, cigars, Codentify, fine-cut rolling tobacco, snuff, rolling papers and tubes

Key People

Founder(s): Philip Morris

André Calantzopoulos (Executive Chairman) Jacek Olczak (CEO)

Financials

Revenue: US$76.047 Billion (Fiscal Year Ended December 31, 2020)

Operating income: US$11.668 Billion (Fiscal Year Ended December 31, 2020)

Net income: US$8.056 Billion (Fiscal Year Ended December 31, 2020)


Total assets: US$44.815 Billion (Fiscal Year Ended December 31, 2020)

Total equity: –US$10.631 Billion (Fiscal Year Ended December 31, 2020)

Stocks & Indices

Philip Morris International Inc. has the following listings and related stock indices.


Stock: NYSE: PM

Stock: BMV: PM

Stock: Bovespa: PHMO34

Stock: FSX: 4I1

Stock: MTA: PHMO.U

Stock: SIX: PMI

Details

Headquarters:

120 Park Avenue

New York, NY 10017

United States

Phone: 917 663 2000