ROAD TRIP

Can't miss: Unconventional Resources Technology Conference

Onshore upstream meets greener pastures in the city where the earth meets the sky at URTeC 2023 in Denver. Photo via Shuttersock.

June 13-15 | Unconvetional Resources Technology Conference (URTeC)

Take a trip to higher ground and cooler temperatures next week at URTeC 2023 in Denver, Colorado. This technically focused event, hosted annually by the Society of Petroleum Engineers, American Association of Petroleum Geologists, and Society of Exploration Geophysicists, features the best and brightest minds in onshore oil and gas sharing novel applications of science and technology in pursuit of a more sustainable upstream energy base.

The event kicks off with almost two hours of discussion amongst industry leaders like Clay Gaspar, executive vice president and COO of Devon Energy, Amy Henry, CEO of Eunike Ventures, Robert E. Fast, CTO of Hess Corporation, and Neil McMahon, managing partner of Kimmeridge. The plenary panel will address the role of unconventionals in a lower carbon energy world, from tackling emissions to making advances in CCUS.

Chevron puts safety in the spotlight with a two-part session devoted to cleaner, more efficient engineering methodologies deployed to support corporate objectives while safely delivering higher returns and lower carbon. Hear from Vice President of the Rockies business unit, Kim McHugh, Johannes Alvarez, EOR and CO2 advisor for the Mid-Continent business unit, Vanessa Ryan, methane reduction manager of strategy and sustainability, and more leaders across Chevron building a new future for upstream energy.

Before the event wraps, be sure to catch an engaging discussion late Thursday morning with Christine Ehlig-Economides, professor and Hugh Roy & Lillie Cranz Cullen Distinguished University Chair at the University of Houston, on decarbonizing tight oil and shale gas, re-use opportunities for wastewater, and repurposed operations through closed-loop geothermal.

Registration currently remains open, with one- and three-day event options, as well as an exhibit hall-only option. The event usually draws over 3,000 attendees, so don’t wait to sign up.

For a complete list of upcoming energy events, visit the Events tab right here on EnergyCapitalHTX.com.

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A View From HETI

Twenty-six Houston-area companies landed on the latest Fortune 500 list. Photo via Getty Images

Houston maintained its No. 3 status this year among U.S. metro areas with the most Fortune 500 headquarters. Fortune magazine tallied 26 Fortune 500 headquarters in the Houston area, behind only the New York City area (62) and the Chicago area (30).

Last year, 23 Houston-area companies landed on the Fortune 500 list. Fortune bases the list on revenue that a public or private company earns during its 2024 budget year.

On the Fortune 500 list for 2025, Spring-based ExxonMobil remained the highest-ranked company based in the Houston area as well as in Texas, sitting at No. 8 nationally. That’s down one spot from its No. 7 perch on the 2024 list. During its 2024 budget year, ExxonMobil reported revenue of $349.6 billion, up from $344.6 billion the previous year.

Here are the rankings and 2024 revenue for the 25 other Houston-area companies that made this year’s Fortune 500:

  • No. 16 Chevron, $202.8 billion
  • No. 28 Phillips 66, $145.5 billion
  • No. 56 Sysco, $78.8 billion
  • No. 75 Conoco Phillips, $56.9 million
  • No. 78 Enterprise Products Partners, $56.2 billion
  • No. 92 Plains GP Holdings, $50 billion
  • No. 143 Hewlett-Packard Enterprise, $30.1 billion
  • No. 153 NRG Energy, $28.1 billion
  • No. 155 Baker Hughes, $27.8 billion
  • No. 159 Occidental Petroleum, $26.9 billion
  • No. 183 EOG Resources, $23.7 billion
  • No. 184 Quanta Services, $23.7 billion
  • No. 194 Halliburton, $23 billion
  • No. 197 Waste Management, $22.1 billion
  • No. 214 Group 1 Automotive, $19.9 billion
  • No. 224 Corebridge Financial, $18.8 billion
  • No. 256 Targa Resources, $16.4 billion
  • No. 275 Cheniere Energy, $15.7 billion
  • No. 289 Kinder Morgan, $15.1 billion
  • No. 345 Westlake Corp., $12.1 billion
  • No. 422 APA, $9.7 billion
  • No. 443 NOV, $8.9 billion
  • No. 450 CenterPoint Energy, $8.6 billion
  • No. 474 Par Pacific Holdings, $8 billion
  • No. 480 KBR Inc., $7.7 billion

Nationally, the top five Fortune 500 companies are:

  • Walmart
  • Amazon
  • UnitedHealth Group
  • Apple
  • CVS Health

“The Fortune 500 is a literal roadmap to the rise and fall of markets, a reliable playbook of the world's most important regions, services, and products, and an indispensable roster of those companies' dynamic leaders,” Anastasia Nyrkovskaya, CEO of Fortune Media, said in a news release.

Among the states, Texas ranks second for the number of Fortune 500 headquarters (54), preceded by California (58) and followed by New York (53).

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