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Texas Leads Nation, Houston Leads Texas in Fortune 500 Companies

Published May 24, 2022 by A.J. Mistretta

downtown Houston

For the first time in more than a decade, Texas is home to the most Fortune 500 companies in the nation, and Houston is now home to the largest concentration of Fortune 500s in the Lone Star State thanks to several recent headquarters relocations. 

The 2022 Fortune 500 list ranks the largest corporations in the U.S. by revenue for the 2021 fiscal year. Twenty-four companies on this year’s list are headquartered in metro Houston, with 21 of those based within the city limits. Statewide, 53 companies made this year’s list. 

The 2022 list marks the first time that two Fortune 500 firms, NRG Energy and Hewlett Packard Enterprise (HPE), were counted in Houston's column. NRG announced in May 2021 that it would relocate its headquarters from Princeton, NJ to Houston. HPE completed its headquarters move from San Jose, Calif. to the Spring area earlier this year. 

ExxonMobil, which ranks No. 6 on the Fortune 500 list, announced earlier this year that it would move its corporate headquarters from the Dallas area to Houston. That move is not expected to be complete until 2023 and the company remains in the Dallas count in this year’s list. 

Among states with the largest concentration of Fortune 500 companies, New York fell to No. 2 on this year’s list with 51 companies after seven years at the top. California was No. 3 with 50 companies. 

A total of 97 Texas companies made the expanded Fortune 1000 list this year. Forty-three of those based in the Houston area. 

Below are the Houston-area Fortune 500 firms and their respective rankings. 

  • No. 29 Phillips 66
  • No. 70 Sysco Corp.
  • No. 77 ConocoPhillips
  • No. 88 Plains GP Holdings
  • No. 89 Enterprise Products Partners
  • No. 123 Hewlett Packard Enterprise
  • No. 133 NRG Energy
  • No. 135 Occidental Petroleum Corp.
  • No. 170 Baker Hughes
  • No. 193 EOG Resources
  • No. 203 Waste Management
  • No. 216 Targa Resources
  • No. 223 Kinder Morgan
  • No. 233 Cheniere Energy
  • No. 241 Halliburton Co.
  • No. 273 Group 1 Automotive
  • No. 285 Quanta Services
  • No. 320 Westlake
  • No. 410 Huntsman
  • No. 414 CenterPoint Energy
  • No. 431 APA
  • No. 460 KBR
  • No. 481 Academy Sports and Outdoors 
  • No. 486 Southwestern Energy

See the full Fortune 500 list

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