Philip Morris is a multinational corporation known primarily for its production of tobacco products. Founded in 1847, the company has grown to become one of the largest tobacco firms in the world, with popular brands such as Marlboro and Virginia Slims. In recent years, Philip Morris has shifted its focus towards reducing the health risks associated with smoking. The company is investing in alternatives to traditional cigarettes, including e-cigarettes and heated tobacco products, aiming to create a smoke-free future and diversify its product offerings.