Skip to main content

Houston Home to 24 Fortune 500 Companies, 3rd Highest Concentration in the U.S.

Published Jun 08, 2021 by A.J. Mistretta

H_GHP_Buffalo Bayou_Downtown Skyline_Pedestrian Bridge_2019

Bolstered by the recent headquarters relocations of Hewlett Packard Enterprise and NRG Energy, Houston now has the third largest concentration of Fortune 500 companies in the nation, according to the publication’s latest report.

Twenty-four companies headquartered in the Houston metro area are ranked on the 2021 Fortune 500 list. Houston is now behind only New York with 64 Fortune 500 firms and Chicago with 35. Dallas ranks fourth with 22 companies. 

Houston added four companies to its Fortune 500 roster this year: Academy Sports & Outdoors, Hewlett Packard Enterprise, KBR (moved from No. 501 to No. 470), and NRG Energy. Academy Sports & Outdoors went public in October 2020 and is new to the Fortune ranking. Hewlett Packard Enterprise announced in November that it would relocate its headquarters to Houston and NRG made a similar announcement in May 2021. 

Last year, there were 22 Houston area companies on the Fortune 500 list. The biggest movers from 2020 to 2021 are KBR (up to No. 470 from No. 501), Crown Castle International (up to No. 467 from No. 496), and Waste Management (up to No. 202 from No. 207). 

“We often talk about Houston as America’s Headquarters City due to the large number of national and international companies that call our region home. This latest Fortune 500 list is just further evidence that Houston remains a draw for a diverse mix of companies looking for skilled corporate talent in a central geographic location with a low cost of doing business. The Houston economic development story is a strong one and we will continue to build on it via our target industries in the years to come.” 

The region also had two companies come of the annual list. Apache, now known as APA, went from No. 465 to No. 595. Calpine (No. 319 in 2020) was acquired by a private consortium and is no longer publicly-traded. 

The Fortune 500 list is one barometer of a region’s business activity and overall economic health. Despite the challenges posed by the pandemic over the last year, the Houston region has continued to draw new business and investment. The Partnership and its regional allies assisted in 21 economic development projects in 2020, accounting for over $704 million in capital expenditure and over 3,200 new jobs to the region.
 

Learn what makes Houston an attractive place for headquarters and see the full Fortune 500 list
 

Related News

Economic Development

From HVAC to Home Runs: How Daikin Fuels Economic Growth in Houston

3/27/25
Daikin Comfort Technologies North America is making history in Houston—not just on the field, but across the region. As the new namesake of the Astros’ ballpark, Daikin’s investment in the Houston region has been a game-changer for the regional economy and community.  Daikin’s journey in the Houston region has been one of steady growth and impact, and it all began over a decade ago. In 2012, the Japanese company acquired Goodman, a leading U.S. manufacturer of residential air conditioners. The acquisition strengthened Daikin’s foothold in the U.S. market and expanded its product offerings.  In 2017, the company opened the Daikin Texas Technology Park in Waller – just outside Houston – after consolidating Goodman’s four U.S. factories, headquarters, and distribution bases. The 4.2 million square-foot facility also serves its North American headquarters.  Since then, Daikin has invested more than $1 billion in the region, including over $500 million in the technology park alone. In 2023, the company announced the launch of a new product line focused on digital HVAC technology.   “Since establishing their campus in the region, Daikin has continued to grow, invest, and create jobs,” Steve Kean said. “Their expansion has brought new opportunities, strengthened our economy, and reinforced Houston’s role as a hub for global manufacturing and advanced technology.  Their knowledge and technology will also be valuable to our community as we maintain and grow our position as the world’s energy capital.”   As the Astros take the field at the newly renamed Daikin Park, the partnership marks more than a new name on the stadium — Daikin’s commitment to Houston goes far beyond the stadium. Through community programs focused on education and sustainability, the company is helping strengthen the region while reinforcing its commitment to innovation, economic growth, and global recognition for the region.  In partnership with the Astros, Daikin is launching two major programs. The Most Valuable STEAM Scholarship will provide Houston-area students with resources to pursue careers in science, technology, engineering, arts, and mathematics. Daikin’s community cooling program will bring energy-efficient HVAC systems to underserved households, helping families stay comfortable while lowering energy costs.  Complementing these developments, the City of Houston has undertaken infrastructure improvements around Daikin Park. Texas Avenue, between Crawford and Hamilton Streets, was repaved — with crews removing 10 inches of pavement and replacing it with concrete and asphalt. Work began March 8 and continued around the clock to ensure the street reopened ahead of Opening Day, showing the city's commitment to creating a seamless experience for fans.  Daikin’s long-standing commitment to Houston shows that when global companies invest in our region, everyone benefits. From job creation and workforce development to education and sustainability, Daikin’s work in Houston is a strong example of what can happen when business, government and community come together.  Click to expand Daikin’s naming rights deal for the stadium runs through the 2039 season.  Learn more about what makes Houston the ideal place to live, work and build a business.
Read More
Economic Development

George R. Brown Convention Center’s $2 Billion Transformation Project

3/10/25
The George R. Brown Convention Center (GRB) is set to undergo a major transformation that will reimagine downtown Houston into a pedestrian-friendly convention and entertainment district.  Mayor John Whitmire and Houston First Corporation recently unveiled a master plan for the project, marking the first substantial renovation since 2016, which opened the building to Discovery Green and created the Avenida Houston Plaza.   The $2 billion project aims to bolster Houston’s position as a global hub for sports, entertainment and tourism, an especially timely investment as the city prepares to host FIFA World Cup matches in 2026 and the Republican National Convention in 2028.   Phase One  Click to expand The first phase of development includes a 700,000-square-foot building, GRB Houston South, which will serve as a key connector between downtown and Houston’s East End. The building will include two exhibit halls, a multipurpose hall opening to the new Central Plaza, an atrium flex hall, ground-level retail and dining spaces and what is set to be the largest ballroom in Texas.  Click to expand Additionally, the Avenida Plaza will be extended south to connect Discovery Green with the new Central Plaza, creating an expanded gathering space for large-scale events and community activities.  “This project is truly transformative for downtown Houston, a lasting legacy that will solidify our position as a top-tier convention and entertainment destination,” said Mayor Whitmire in a press release. “Most importantly, we are creating a space that will build community, foster connection, and shape the future of Houston.”  Click to expand The project's design is inspired by Houston’s bayous and natural prairie landscape. Along with its nature-inspired elements, the building will use eco-friendly materials and energy-efficient systems, including rainwater collection and water-saving features, to minimize its environmental impact and strengthen the city's sustainability efforts.  The groundbreaking project will be funded by a portion of the state’s hotel tax revenue, made possible by Senate Bill 1057, which passed in 2023.  The Need for Expanded Infrastructure  With Houston’s hospitality and tourism industry rapidly expanding, the demand for expanded infrastructure has never been greater. In 2024, the city welcomed more than 54 million visitors, an increase of six percent from 2023 and nearly 10 percent since 2019, according to Houston First.  Click to expand “It is imperative for us to stay competitive and meet the needs of our meetings and convention customers,” said Michael Heckman, President and CEO of Houston First, in the same release. “This project will not only accomplish that but will "establish a gathering space that will be the epicenter for entertainment, sports, and city-wide events, accentuating our ability to capitalize on Houston's unique offerings.”  GRB Houston South is scheduled to open in May 2028, with the full project expected to be completed by 2038.  Discover more about living in Houston. 
Read More

Related Events

Economic Development

State of Education

The Greater Houston Partnership invites you to the State of Education on Friday, May 9 at the Marriott Marquis. The success of our region relies on a thriving education system providing…

Learn More
Learn More
Executive Partners