Goodyear ranks 137th on latest ‘Fortune 500’ list

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 2012 sales of $21 billion, Goodyear is the 137th largest business in the country, down from 126th last year. It is ranked fourth in the magazine’s Motor Vehicles and Parts category and is Ohio’s seventh largest company. Wal-Mart Stores, with 2012 sales of $469.2 billion, passed last year’s leader Exxon Mobil to top the list. It is the seventh time that Exxon Mobil and Wal-Mart have traded the top two positions during the past decade. Rounding out the top 10 were: Chevron, Phillips 66, Berkshire Hathaway, Apple, General Motors, General Electric, Valero Energy and Ford Motor.

The top 10 companies in the Motor Vehicles and Parts category, their 2012 sales and overall positions in the “Fortune 500,” were:

• General Motors, $152.3 billion, 7;
• Ford Motor, $134.3 billion, 10;
• Johnson Controls, $42 billion, 67;
• Goodyear, $21 billion, 137;
• Paccar, $17.1 billion, 168;
• TRW Automotive Holdings, $16.4 billion, 173;
• Ichan Enterprises, $15.7 billion, 178;
• Lear, $14.6 billion, 187;
• Navistar International, $12.9 billion, 216; and
• Autoliv, $8.3 billion, 317.

In total, 15 Motor Vehicles and Parts companies made the “Fortune 500,” one fewer than last year.

The top 10 Ohio-headquartered firms, their headquarters city, 2012 sales and overall positions, were:

• Cardinal Health, Dublin, $107.6 billion, 19;
• Kroger, Cincinnati, $96.8 billion, 23;
• Procter & Gamble, Cincinnati, $85.1 billion, 28;
• Marathon Petroleum, Findlay, $76.8 billion, 33;
• Nationwide, Columbus, $30.4 billion, 100;
• Macy’s, Cincinnati, $27.7 billion, 109;
• Goodyear, Akron, $21 billion, 137;
• Progressive, Mayfield Village, $17.1 billion, 166;
• First Energy, Akron, $15.3 billion, 181; and
• American Electric Power, Columbus, $14.9 billion, 185.

In total, 27 Ohio-based companies made the “Fortune 500,” one more than last year. Compiled since 1955, the “Fortune 500” ranks U.S. companies by sales. This year, a company had to post sales of $4.8 billion to make the “500.”

The complete “Fortune 500” listing is in the magazine’s May 20 issue and on its website, www.fortune.com/500.