Fortune’s Top 25

Fortune magazine published its annual ranking of the nation’s biggest industrial companies Tuesday, with General Motors Corp. at the top for an eighth straight year despite staggering 1992 losses and thousands of layoffs.

The Fortune 500, which has been published annually since 1955, is easily the most celebrated ranking of U.S. business, although Forbes and Business Week have lists of their own.

Here are the top 25 companies on the Fortune 500 list on the basis of 1992 sales.

Rank Rank Company/headquarters last year 1 General Motors, Detroit unchanged 2 Exxon, Irving, Tex. unchanged 3 Ford Motor, Dearborn, Mich. unchanged 4 IBM, Armonk, N.Y. unchanged 5 General Electric, Fairfield, Conn. unchanged 6 Mobil, Fairfax, Va. unchanged 7 Philip Morris, New York unchanged 8 E.I. du Pont de Nemours, Wilmington, Del. unchanged 9 Chevron, San Francisco up from 10th 10 Texaco, White Plains, N.Y. down from 9th 11 Chrysler, Highland Park, Mich. unchanged 12 Boeing, Seattle unchanged 13 Procter & Gamble, Cincinnati unchanged 14 Amoco, Chicago unchanged 15 Pepsico, Purchase, N.Y. up from 17th 16 United Technologies, Hartford, Conn. unchanged 17 Shell Oil, Houston down from 15th 18 Conagra, Omaha up from 19th 19 Eastman Kodak, Rochester, N.Y. down from 18th 20 Dow Chemical, Midland, Mich. unchanged 21 Xerox, Stamford, Conn. up from 22nd 22 Atlantic Richfield, Los Angeles up from 23rd 23 McDonnell Douglas, St. Louis down from 21st 24 Hewlett-Packard, Palo Alto up from 26th 25 USX, Pittsburgh down from 24th

1992 sales Rank (billions) 1 $132.775 2 $103.547 3 $100.786 4 $65.096 5 $62.202 6 $57.389 7 $50.157 8 $37.643 9 $37.464 10 $37.130 11 $36.897 12 $30.184 13 $29.890 14 $25.543 15 $22.084 16 $22.032 17 $21.702 18 $21.219 19 $20.577 20 $19.177 21 $18.261 22 $18.061 23 $17.513 24 $16.427 25 $16.186

Source: Times Wire Services