Welcome to Texas! Home of the Most Fortune 500 Companies in The U.S.
Everything is bigger in Texas! It's more than a motto and the proof is in the Fortune 500.
The 68th FORTUNE 500 list for 2022 has been announced and Texas is home to more of those companies than any other state in the U.S.
According to a report from KETK, the list is made up by looking at revenue companies make in the 2021 fiscal year. FORTUNE 500 Companies brought in a total revenue of $16.1 trillion in 2021 making up two-thirds of the nations gross domestic product and employed 29.7 million people around the world.
Texas is Big Business
Out of the 500 companies, 53 are headquartered in Texas, according to Texas Governor Greg Abbotts press release. 51 of those 500 companies are head quartered in New York while California is home to 50.
Gov. Abbot said in his news release,
"Texas is the economic engine of the nation, and I am proud to announce that we continue leading the country now with the most Fortune 500 corporate headquarters," said Governor Abbott. "Thanks to our unmatched business environment, with no corporate or personal income taxes, a highly skilled and diverse workforce, easy access to global markets, and reasonable regulatory climate, Texas has more businesses relocating and expanding here in our state than ever before. Without the constraint of over-taxation and runaway regulation imposed by other states, businesses are drawn to the endless economic opportunities as new ideas and innovation are free to flourish in the Lone Star State. I look forward to continuing our partnerships with businesses across the state to build an even brighter, more prosperous future for generations to come."
Out of the 53 companies headquartered in Texas, Houston is home to 21 of those companies with Dallas home to 11.
Texas Fortune 500 Companies
Of the 53 companies headquartered here in Texas, Exxon Mobile is at number 6 on Fortunes list while McKesson is at number 9.
You can check out the full list click here.