KEY TO ROSTER--The corporate name of each company is followed by its founding or incorporation date in parentheses. Sales figures have been confined as closely as possible to operating revenues. They include equity in earnings of joint venture corporations as reported, but exclude nonoperating revenue such as dividends and gains from the sale of real estate. Income figures are given before extraordinary items. Related income-per-share figures are fully diluted when available and are based on average shares outstanding during the year, or the number of shares outstanding at year-end, depending on the company's accounting method. Sales and income figures are given for the year-end 1986 or fiscal year ended on or before February 28, 1987 followed in parentheses by sales and income figures, respectively, for the prior reporting period. Where preliminary figures have been made available, they have been so noted. Dividend figures (when paid) are reported for common stock shares. Asset figures are given as of the final day of the year covered by sales and income figures. The term "1986 Rank" indicates the rank of the company in the 1986 Los Angeles Times Roster. The 1986 Roster was published June 8, 1986 and used figures for years ended most recently prior to March 31, 1986. The abbreviation NYSE, ASE, PSE and OTC indicate listing/trading on the New York, American and Pacific stock exchanges or trading on the over-the-counter market. The various categories of companies have been ranked on the following basis: industrial firms by sales/revenues; merchandising firms by sales; transportation firms and utilities by revenues; and financial institutions and insurance firms by assets.
The top 100 California-headquartered, publicly held companies ranked by sales/revenues for year-end 1986 or fiscal year ended on or before February 28, 1987.
1 Chevron Corp. (1926) Major international oil company engaged in integrated petroleum operations and in the manufacture and marketing of chemicals and fertilizers. Engaged in real estate development and involved in minerals exploration and production and projects related to alternate energy resources, primarily geothermal. Revenues: $26.64 billion year-end 1986 ($44.15 billion in 1985, restated). Income: $715.4 million or $2.09 a share ($1.55 billion or $4.52). Dividends: $2.40 a share ($2.40). Assets: $38.90 billion. Employees: total 51,100; California 18,600. Headquarters: 225 Bush St., San Francisco 94104. Chairman and chief executive: George M. Keller. 1986 rank: 1. NYSE, PSE
2 Occidental Petroleum Corp. (1920) Explores for, develops, produces, trades in and markets energy resources, principally crude oil, natural gas, natural gas liquids and coal; processes and markets beef and pork and its byproducts; manufactures and distributes fertilizers and animal feed supplements; and manufactures and distributes industrial chemicals and plastics; and operates an extensive network of interstate and intrastate natural gas transmission pipelines. Sales: $15.34 billion year-end 1986 ($14.53 billion in 1985). Income: $172.1 million or 66 cents a share ($455.0 million or $2.21). Dividends: $2.50 a share ($2.50). Assets: $17.47 billion. Employees: total 51,350; California 900. Headquarters: 10889 Wilshire Blvd., Los Angeles 90024. Chairman and chief executive: Armand Hammer. President: Ray R. Irani. 1986 rank: 3. NYSE, PSE
3 Atlantic Richfield Co. (ARCO) (1870) Fundamentally a domestic oil and gas company, involved in all phases of the petroleum energy business, with diversified activities abroad and in petrochemicals, minerals and solar energy. Petroleum operations encompass oil and gas exploration/production, refining/marketing of products, transportation of crude oil and products. Sales: $14.99 billion year-end 1986 ($22.49 billion in 1985). Income: $615.1 million or $3.38 a share (loss of $201.6 million or 97 cents). Dividends: $4.00 a share ($3.75). Assets: $21.60 billion. Employees: total 26,600; California 5,900. Headquarters: 515 S. Flower St., Los Angeles 90071. Chairman and chief executive: Lodwrick M. Cook. President: Robert E. Wycoff. 1986 rank: 2. NYSE, PSE
4 Lockheed Corp. (1932) Major aerospace firm which designs and manufactures military and commercial aircraft, missiles, space vehicles, ships and electronics systems and equipment. Also active in aircraft service, space programs support, ocean systems and information systems. Sales: $10.27 billion ended 12-28-86 ($9.54 billion in 1985). Income: $408.0 million or $6.17 a share ($401.0 million or $6.09). Dividends: 95 cents a share (75 cents). Assets: $5.94 billion. Employees: total 96,900; California 52,900. Headquarters: 4500 Park Granada Blvd., Calabasas 91399. Chairman and chief executive: Lawrence O. Kitchen. President: Robert A. Fuhrman. 1986 rank: 5. NYSE, PSE