Goodyear ranks 114th on latest ‘Fortune 500’ list
Fortune 5002/5/2007 5:55:00 PM

Goodyear is in the upper echelon of American businesses in Fortune magazine’s annual ranking of the 500 largest companies in the United States.

Based on 2006 sales of $20.3 billion, Goodyear is the 114th largest business in the country, down from 112th last year. It is ranked fifth in the magazine’s Motor Vehicles and Parts category and is Ohio’s sixth-largest company.

Wal-Mart Stores, with 2006 sales of $351 billion, topped the list, replacing Exxon Mobil, which fell to second place. Exxon Mobil’s sales were $347 billion.

Rounding out the top 10 were: General Motors, Chevron, ConocoPhillips, General Electric, Ford, Citigroup, Bank of America and American International Group.

The top 10 companies in the Motor Vehicles and Parts category, and their overall positions, were: General Motors (3), Ford (7), Johnson Controls (67), Delphi (83), Goodyear (114), Lear (130), Paccar (141), TRW Automotive (185), Visteon (219) and ArvinMeritor (253).

The top 10 Ohio firms, and their overall positions, were Cardinal Health (19), Procter & Gamble (25), Kroger (26), Federated Department Stores (76), Nationwide (104), Goodyear (114), Progressive (159), National City (188), American Electric Power (192) and Eaton (198). In total, 28 Ohio-based companies made the "Fortune 500."

Cooper Tire & Rubber, with sales of $2.7 billion, ranked 22nd in the Motor Vehicles and Parts group, 43rd in Ohio and 701st on the national Fortune list.

Compiled since 1955, the "Fortune 500" ranks U.S. companies by sales. It also measures their performance in other ways, such as profits and stock values.

This year, a company had to post sales of more than $4.3 billion to make the "500." Together, the "Fortune 500" generated $9.9 trillion in sales, up 9 percent from 2005, and made $785 billion in profits, up 29 percent.

The complete "Fortune 500" listing is available in the April 30 issue of the magazine and on its Web site, www.fortune.com.