The companies listed on the Dow Jones Industrial Average as at the last evaluation on March 19, 2015 are: 3M Company General Electric Company Nike, Inc. American Express Company The Goldman Sachs Group, Inc. Pfizer Inc. Apple Inc. The Home Depot, Inc.v The Procter & Gamble Company The Boeing Company Intel Corporation The Travelers Companies, Inc. Caterpillar Inc. International Business Machines Corporation UnitedHealth Group Incorporated Chevron Corporation Johnson & Johnson United Technologies Corporation Cisco Systems, Inc. JPMorgan Chase & Co. Verizon Communications Inc. The Coca-Cola Company McDonald’s Corporation Visa Inc. E.I. du Pont de Nemours & Company Merck & Co., Inc. Wal-Mart Stores, Inc. Exxon Mobil Corporation Microsoft Corporation The Walt Disney Company As stated by S&P Dow Jones Indices LLC, there are no quantitative requirements to be listed on the Dow Jones index and is based on sustained growth, reputation, and other factors. “While stock selection is not governed by quantitative rules, a stock typically is added to The Dow only if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors. Maintaining adequate sector representation within the indices is also a consideration in the selection process.” Adequate sector representation, as well as headquarters in the United States, are also important factors in component selection by the Wall Street Journal editors. Companies on the Dow can be merged and failed companies or those that no longer meet the requirements listed above are dropped from the Dow. The components of the Dow Jones Industrial Average have been reevaluated, with companies replaced, 5 times since its inception. The components are reviewed by the Average Committee, which for the sake of continuity, only institutes changes in cases of acquisitions or marked changes in the business of the companies, and when this occurs, the entire index is reviewed so changes to components can be instituted at once.