As Austin continues to uprise to prominence on the domestic stage, so likewise does its proximity on lists same Forbes’ Fortune 500.
The terminal decennium has seen the city’s school surround advise to flourish, garnering the soubriquet “Silicon Valley of the South.” As a result, Austin today is bag to threesome school companies in the Fortune 500.
Here are the threesome Austin-Area companies that featured on the itemize of income giants, nonnegative a countenance at how added Texas metros performed on the 2024 edition of the Fortune 500.
Austin-Area features threesome school titans in Fortune 500
Austin picture Dell Technologies, today headquartered in Round Rock, slotted in at 48 on the Fortune 500. In the terminal year, Dell posted a income of $88 billion.
Perhaps the most celebrity Austin HQ’d company, Tesla, was also the highest-ranked consort on the Fortune 500. The most priceless automobile consort in the concern produced a income of $96.7 1000000000 in 2023, this is an 18.8% process from the preceding year.
Lastly, machine code company, Oracle, settled 89th on the itemize after generating a income of $49.9 1000000000 in 2023 — $7 more than the consort attained in 2022. The Austin transplant, which touched to the municipality in 2020, has posted achievement sort in nearly every assemblage since agitated to Texas’ capital.
While Oracle is currently settled in Austin, it declared in Apr that it plans to advise its headquarters to Nashville.
Texas metros jactitation a brawny display in Fortune 500
This assemblage Texas was dethroned as the crowning land on the list. The Lone Star state’s West Coast rival, California, was featured 57 nowadays in the 2024 edition of the Fortune 500. This is the prototypal instance since 2014 that the Golden State has lidded the list, according to Fortune. Texas and New royalty bond for second, both with 52 companies.
Houston was a stand-out municipality for Texas as it featured the ordinal most Fortune 500 companies on the list, with 21 entries, led by lubricator giants same Phillips 66 and ConocoPhillips. San Antonio was featured meet twice on the list, but it contributed digit of Texas’ highest-ranked companies — Valero Energy.
The Dallas-Fort designer Atlantic was a bounteous succeeder on the list. Despite binary eld of stony headlines attendant to accumulation grace cancelations, Southwest Airlines institute itself in the crowning 200. In Fort Worth, added line featured as dweller Airlines, digit of the highest-rated airlines in the country, came in at 86.
The DFW as a full featured 10 amount companies, figure of which metropolis contributed.
Fortune 500: Top 20 Texas companies
Below are the crowning Texas companies that prefabricated the Fortune 500 itemize and their rank:
- 7: Exxon Mobil
- 9: McKesson
- 26: Phillips 66
- 29: Valero Energy
- 32: AT&T
- 40: Tesla
- 48: Dell Technologies
- 51: Energy Transfer
- 54: Sysco
- 59: Caterpillar
- 68: ConocoPhillips
- 86: dweller Airlines Group
- 89: Oracle
- 90: Enterprise Products Partners
- 92: Plains GP Holdings
- 103: USAA
- 120: D.R. Hortom
- 137: HF Sinclair
- 138: CBRE Group
- 147: Hewlett Packard Enterprise
Beck saint Salgado covers trending topics in the Austin playing ecosystem for the American-Statesman. To deal added tips or insights with Salgado, email Bsalgado@gannett.com.
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Source Link: https://www.statesman.com/story/business/2024/06/24/forbes-fortune-500-austin-texas-dell-technologies-tesla-oracle-business-companies/74161422007/
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