Published May 24, 2022 by A.J. Mistretta
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.
See the full Fortune 500 list.
The Partnership's monthly Economy Series presents exclusive data and examines trends impacting our economy on a local and state level. Analysis by the Partnership's Research Division is frequently used by executives…