Top 5 Fortune 500 companies in Texas

Texas has some of the biggest companies in the U.S.

Business is booming in the Lone Star State! Fortune recently released its Fortune 500 rankings for 2018, revealing five Texas-based companies in the top 25. Fortune ranks companies based on total revenue. Here’s what the rankings show:

5 – Valero Energy. Based in San Antonio, Valero Energy came in at #24 in the Fortune 500 rankings. This Texas refinery earned $111.4 billion in revenue in the last fiscal year and plans to continue growing through $2.5 billion worth of investments in pipelines and storage facilities.

4 – Phillips 66. Phillips 66, an energy manufacturing and logistics company with headquarters in Houston, ranked #23 on the Fortune 500’s list. Its revenue reached $114 billion, and the company provided jobs for more than 14,000 employees.

3 – AT&T. Dallas-based corporation AT&T continues to grow, acquiring a movie studio and cable programming company (which includes HBO) this year and coming in at #9. Last year, AT&T earned $171 billion in revenue despite a drop in its stock price.

2 – McKesson. McKesson, with headquarters in Irving, TX, ranked #7 on the Fortune 500 list. Dominating the healthcare sector, McKesson is America’s largest drug distribution company and earned $208.4 billion last year.

And the No. 1 top Fortune 500 company in Texas is … Exxon Mobil in Irving! It isn’t surprising that powerhouse Exxon Mobil earned the #2 spot on the Fortune 500 rankings (behind Walmart). Based in Irving, TX, Exxon’s revenue for last year was $290.2 billion. Fun fact – Exxon Mobil has ranked on the Fortune 500 list for 65 years!

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