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'Fortune' adds US Airways to its list of top companies
Ken Alltucker
The Arizona Republic
Apr. 4, 2006 12:00 AM
The merger of America West and US Airways last year added a fourth Arizona-based company to Fortune magazine's annual list of the top U.S. companies.
Tempe-based US Airways posted revenue of nearly $5.1 billion to check in at No. 424 on Fortune's prestigious list. Other Arizona companies among the top 500 publicly traded corporations based on 2005 revenue included Avnet, Phelps Dodge and Allied Waste Industries.
Big Oil dominated the list in a year in which rising oil and gasoline prices enriched companies involved in producing, refining, shipping and selling petroleum products. advertisement
Exxon Mobil Corp. raked in $340 billion in revenue and toppled Wal-Mart Stores Inc. as the nation's top-ranked company.
Exxon Mobil enjoyed a 25.5 percent increase in revenue and had $36.1 billion in profits, the most by any U.S. company in history. Wal-Mart had $315.7 billion in revenue, a 9.5 percent increase from last year.
Exxon Mobil last appeared at No. 1 in 2001. Only Wal-Mart, Exxon Mobil and General Motors Corp. have topped the list since its inception in 1954.
Other oil companies surged in the rankings, too, as crude-oil prices topped $70 a barrel and gasoline prices soared beyond $3 a gallon after hurricanes hit the Gulf Coast.
ChevronTexaco Corp.'s revenues jumped 28 percent last year, lifting the company two spots to No. 4, and ConocoPhillips' revenue surged 37 percent to improve its ranking one spot to No. 6. Valero Energy ranked No. 15 thanks to a whopping 51 percent revenue increase.
Avnet, a Phoenix-based electronics distributor, once again was the highest-ranked Arizona company on Fortune's annual list. Avnet's revenue of $11.1 billion lifted the company's ranking five spots to No. 212.
Phelps Dodge cited high copper prices and strong worldwide demand as its ranking jumped 39 spots to No. 260 on revenue of more than $9 billion.
Phelps Dodge has appeared on Fortune's list every year since it was first published in 1954. In 2000, the copper mining company nearly was bumped off at No. 493.
"We're a longtime citizen of the Fortune 500," Phelps Dodge spokesman James Telle said. "The fundamentals are good in the industry. Global demand is certainly high and keeping things moving at a pretty fast pace."
Scottsdale-based Allied Waste Industries dropped 14 spots to No. 376 on revenue of $5.7 billion.
Several other Arizona companies are close to cracking the prestigious club.
Phoenix-based refiner Giant Industries rode the oil-and-gas gravy train to No. 530, a 43 percent revenue jump. Giant also ranked among the top gainers in profits as its earnings jumped more than 500 percent to $104 million.
Retailer PetSmart dropped one notch to No. 518. Other Arizona companies among the top 1,000 included Insight Enterprises, Swift Transportation, Pinnacle West Capital, Meritage Homes, Apollo Group, Amkor Technology and CSK Auto.
Major U.S. automakers showed their vulnerability as they faced declining U.S. sales and increasing benefit costs.
GM barely retained its hold on the No. 3 spot, while Ford Motor Co. slipped to fifth place from No. 4. GM's revenues decreased nearly one-half percent to $192.6 billion, while Ford's rose less than 3 percent to $177.2 billion.
General Electric slipped two rungs to No. 7, while its revenue rose 3.1 percent to $157.2 billion. Citigroup and American
International Group followed at Nos. 8 and 9, holding their places from 2005.
International Business Machines Corp. held onto the last spot in the top 10, though its revenues fell by 5.4 percent to $91.1 billion.
http://www.azcentral.com/business/articles...une5000404.html
The Associated Press contributed to this report.
Ken Alltucker
The Arizona Republic
Apr. 4, 2006 12:00 AM
The merger of America West and US Airways last year added a fourth Arizona-based company to Fortune magazine's annual list of the top U.S. companies.
Tempe-based US Airways posted revenue of nearly $5.1 billion to check in at No. 424 on Fortune's prestigious list. Other Arizona companies among the top 500 publicly traded corporations based on 2005 revenue included Avnet, Phelps Dodge and Allied Waste Industries.
Big Oil dominated the list in a year in which rising oil and gasoline prices enriched companies involved in producing, refining, shipping and selling petroleum products. advertisement
Exxon Mobil Corp. raked in $340 billion in revenue and toppled Wal-Mart Stores Inc. as the nation's top-ranked company.
Exxon Mobil enjoyed a 25.5 percent increase in revenue and had $36.1 billion in profits, the most by any U.S. company in history. Wal-Mart had $315.7 billion in revenue, a 9.5 percent increase from last year.
Exxon Mobil last appeared at No. 1 in 2001. Only Wal-Mart, Exxon Mobil and General Motors Corp. have topped the list since its inception in 1954.
Other oil companies surged in the rankings, too, as crude-oil prices topped $70 a barrel and gasoline prices soared beyond $3 a gallon after hurricanes hit the Gulf Coast.
ChevronTexaco Corp.'s revenues jumped 28 percent last year, lifting the company two spots to No. 4, and ConocoPhillips' revenue surged 37 percent to improve its ranking one spot to No. 6. Valero Energy ranked No. 15 thanks to a whopping 51 percent revenue increase.
Avnet, a Phoenix-based electronics distributor, once again was the highest-ranked Arizona company on Fortune's annual list. Avnet's revenue of $11.1 billion lifted the company's ranking five spots to No. 212.
Phelps Dodge cited high copper prices and strong worldwide demand as its ranking jumped 39 spots to No. 260 on revenue of more than $9 billion.
Phelps Dodge has appeared on Fortune's list every year since it was first published in 1954. In 2000, the copper mining company nearly was bumped off at No. 493.
"We're a longtime citizen of the Fortune 500," Phelps Dodge spokesman James Telle said. "The fundamentals are good in the industry. Global demand is certainly high and keeping things moving at a pretty fast pace."
Scottsdale-based Allied Waste Industries dropped 14 spots to No. 376 on revenue of $5.7 billion.
Several other Arizona companies are close to cracking the prestigious club.
Phoenix-based refiner Giant Industries rode the oil-and-gas gravy train to No. 530, a 43 percent revenue jump. Giant also ranked among the top gainers in profits as its earnings jumped more than 500 percent to $104 million.
Retailer PetSmart dropped one notch to No. 518. Other Arizona companies among the top 1,000 included Insight Enterprises, Swift Transportation, Pinnacle West Capital, Meritage Homes, Apollo Group, Amkor Technology and CSK Auto.
Major U.S. automakers showed their vulnerability as they faced declining U.S. sales and increasing benefit costs.
GM barely retained its hold on the No. 3 spot, while Ford Motor Co. slipped to fifth place from No. 4. GM's revenues decreased nearly one-half percent to $192.6 billion, while Ford's rose less than 3 percent to $177.2 billion.
General Electric slipped two rungs to No. 7, while its revenue rose 3.1 percent to $157.2 billion. Citigroup and American
International Group followed at Nos. 8 and 9, holding their places from 2005.
International Business Machines Corp. held onto the last spot in the top 10, though its revenues fell by 5.4 percent to $91.1 billion.
http://www.azcentral.com/business/articles...une5000404.html
The Associated Press contributed to this report.
