Houston earns No. 3 spot among cities with most Fortune 500 headquarters

biggest companies

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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Houston-based energy companies have again held a sizable presence on the Fortune 500 ranking. Photo via Getty Images

Houston energy companies score big on annual Fortune 500 ranking

big cos.

Fourteen businesses with global or regional headquarters in the Houston area appear on Fortune’s new list of the world’s 500 biggest companies.

Oil and gas company Saudi Aramco, whose headquarters for the Americas is in Houston, leads the Houston-area pack. With annual revenue of $494.9 billion, it lands at No. 4 on the Fortune Global 500. Ahead of Saudi Aramco are U.S. retailers Walmart and Amazon, and Chinese electric company State Grid.

To put Saudi Aramco’s annual revenue in perspective, the total is slightly above the gross domestic product for the Philippines.

For the third year in a row, Saudi Aramco stands out as the most profitable member of the Fortune Global 500. The company racked up $121 billion in profit last year.

Overall, Saudi Aramco and 32 other petroleum refiners — many of them with a significant presence in the Houston area — made the Fortune Global 500.

“The Global 500 is the ultimate scorecard for business success. The aggregate revenue of the Fortune Global 500 in 2023 reached $41 trillion, a record level. That sum represents more than a third of global GDP — a sign of how much economic power is concentrated in these companies,” Scott DeCarlo, Fortune’s vice president of research, says in a news release.

Here’s the rundown of Fortune Global 500 companies with global or regional headquarters in the Houston area, including the ranking and annual revenue for each:

Saudi Aramco, No. 4, $494.9 billion, Americas headquarters in Houston
ExxonMobil, No. 12, $344.6 billion, global headquarters in Spring
Shell, No. 13, $323.2 billion; U.S. headquarters in Houston
TotalEnergies, No. 23, $218.9 billion, U.S. headquarters in Houston
BP, No. 25, $213 billion, U.S. headquarters in Houston
Chevron, No. 29, $200.9 billion, global headquarters relocating to Houston in 2024
Phillips 66, No. 52, $149.9 billion, global headquarters in Houston
Engie, No. 130, $89.3 billion, North American headquarters in Houston
Sysco, No. 163, $76.3 billion, global headquarters in Houston
ConocoPhillips, No. 235, $58.6 billion, global headquarters in Houston
Enterprise Products Partners, No. 303, $49.7 billion, global headquarters in Houston
Plains GP Holdings, No. 311, $48.7 billion, global headquarters in Houston
LyondellBasell, No. 368, $41.1 billion, global headquarters in Houston
SLB (formerly Schlumberger), No. 479, $33.1 billion, global headquarters in Houston

Fortune uses revenue figures for budget years ending on or before March 31, 2024, to rank the world’s largest companies.

Sysco recently took delivery of 10 heavy-duty, electric-powered trucks for its Houston operations. Photo via LinkedIn

Sysco introduces new fleet of electric trucks at Houston operations

ev moves

Houston-based food distributor Sysco is helping fuel the future of electric vehicles.

Sysco recently took delivery of 10 heavy-duty, electric-powered trucks for its Houston operations. With this delivery, Sysco now operates nearly 120 electric vehicles (EVs) around the world.

In 2023, Sysco unveiled its first EV hub, which is in Riverside, California. The hub will eventually feature:

40 electric-powered refrigerated trailers
40 electric-powered semi-trucks
40 charging stations

The hub also will include 4 megawatt-hours of battery storage and 1.4 additional megawatts of solar power generation.

Aside from Houston and Riverside, Sysco uses EVs in Baltimore; Boston; Baltimore; Denver; Long Island, New York; Los Angeles; and Fremont, California. Its EV fleet extends to Canada, Sweden, and the United Kingdom.

Sysco announced in 2021 that it planned to operate nearly 800 electric-powered semi-trucks by 2026. Houston Freightliner is a partner in this initiative.

In all, Sysco aims to electrify 35 percent of its U.S. tractor fleet.

Around the world, EVs are contributing to Sysco’s goal of reducing direct emissions by 27.5 percent by 2030.

“We are proud of our progress to scale our electric truck fleet and continue our journey to meet our climate goal,” Neil Russell, chief administrative officer at Sysco, says in a news release. “This work is important to many of our customers who have also set goals to reduce emissions.”

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Rice Alliance names participants in 22th annual energy forum

where to be

The Rice Alliance for Technology and Entrepreneurship has named the 100 energy technology ventures that will convene next month at the 22nd annual Rice Alliance Energy Tech Venture Forum, as part of the second annual Houston Energy and Climate Startup Week.

Half of the startups, which hail from nine countries and 19 states, will pitch during the event, which culminates in the annual recognition of the “Most Promising Companies." The 12 companies that were named to Class 5 of the Rice Alliance Clean Energy Accelerator will present during Demo Day to wrap up their 10-week program.

In addition to pitches, the event will also host keynotes from Arjun Murti, partner of energy macro and policy at Veriten, and Susan Schofer, partner at HAX and chief science officer at SOSV. Panels will focus on corporate innovation and institutional venture capital. Attendees can also participate in one-on-one office hours with founders and investors.

The forum will take place Sept. 18 at Rice University’s Jones Graduate School of Business.

The 2025 presenting companies include:

Aeromine Technologies
AlumaPower
Ammobia
Aqua-Cell Energy
Aquafortus
Aquora Biosystems
Arculus Solutions
Artemis Production Solutions
AtmoSpark Technologies
AtoMe
Badwater Alchemy
C+UP
Carbon Blade
Circul8 Energy & Environment
CO2 Lock
Direct C
DirectH2
Ekona Power
Exum Instruments
Fathom Storage
Flyscan Systems
Geokiln Energy Innovation
Glint Solar
Hive Autonomy
Horne Technologies
Hydrogenious LOHC Maritime
Innowind Energy Solutions
Iron IQ
Kewazo
LiNova Energy
Lukera Energy
Lydian
Mcatalysis
Metal Light
Mithril Minerals
Moment Energy
Moonshot Hydrogen
Muon Vision
PolyQor
Polystyvert dba UpSolv
Precision Additive
RapiCure Solutions
Resollant
SiriNor
Skyven Technologies
Sperra
SpiroPak
Sweetch Energy
Teverra
Utility Global
Xplorobot

Companies participating in office hours include:

Active Surfaces
Advanced Reactor Technologies
Advanced Thermovoltaic Systems
Ai Driller
Airbridge
Airworks Compressors
Austere Environmental
Brint Tech
CarbonX Solutions
Cavern Energy Storage
Celadyne Technologies
CERT Systems
CubeNexus
Deep Anchor Solutions
Ellexco
Emerald Battery Labs
Equipt.ai
FAST Metals
FieldMesh
FlowCellutions
Fluidsdata
GrapheneTX
GS VORTEX SYSTEMS
Installer
Kanin Energy
MacroCycle Technologies
Modular MOPU
NANOBORNE
NetForwards
Oxylus Energy
PetroBricks
PHNXX
RASMAG Energy
RedShift Energy
RENASYS
RenewCO2
Resonantia Diagnostics
Respire Energy
Safety Radar
SeaStock
Secant Fuel
SolGrapH
Stratos Perception
Terraflow Energy
Think Energy Holdings
Turnover Labs
Utiltyx
Zenthos Energy

Find information about the full day of events here, or click here to register.

Houston environmental firm makes partnership to deliver low-carbon ship fuel

renewable shipping

Houston-headquartered environmental services firm Anew Climate and Vancouver-based ship-to-ship marine bunkering of liquified natural gas company Seaspan Energy have entered into a first-of-its-kind strategic agreement to offer the delivery of renewable liquefied natural gas (R-LNG) to customers on the North American West Coast.

“We’re proud to collaborate with Anew Climate to forge a new path for lower-carbon marine fuel,” Harly Penner, president of Seaspan Energy, said in a news release. “This partnership supports our goal to provide cleaner energy solutions to the maritime industry and demonstrates our dedication to innovation and environmental leadership.”

Anew will supply renewable natural gas (RNG) certified by the International Sustainability and Carbon Certification (ISCC). The RNG will comply with the International Maritime Organization's (IMO) Net-Zero Framework, which recently approved measures to encourage emissions reductions, and the FuelEU Maritime Regulation in the European Union.

Together, the companies aim to identify and develop commercial opportunities to promote the adoption of lower-carbon fuels and deliver ISCC-certified renewable liquified natural gas (R-LNG) to ships throughout the North American West Coast.

The partnership builds upon Anew Climate’s bio-LNG bunkering, which was developed in 2021 when the company was known as Element Markets. It was the first bio-LNG bunkering, or refueling with bio-LNG, in the U.S.

“At a time when global shipping is under pressure to decarbonize, this partnership brings together two innovators committed to advancing sustainable solutions,” Andy Brosnan, president of Anew Climate Low Carbon Fuels, said in a news release. “By combining Anew’s expertise in RNG with Seaspan’s marine logistic capabilities, we’re offering a market-leading approach to help shipowners meet evolving emissions requirements and reduce their environmental impact without compromising performance.”

In July, Anew also extended its agreement with CNX Resources to market remediated mine gas, which is an ultra-low carbon intensity energy source from captured waste methane. It also announced a 10-year agreement earlier this summer with Aurora Sustainable Lands and Microsoft to deliver 4.8 million nature-based carbon removal credits. Anew Climate, founded in 2001, states that its mission is to reduce emissions, environmental restoration and impact the climate in a positive way.

Houston energy firm to develop data center projects in Matagorda County

data center developments

Houston-based Barrio Energy will develop two new projects for 10-megawatt data center sites in Matagorda County.

Located in the ERCOT South Zone, the projects will assist in powering advanced computing operations, modular data centers and cryptocurrency mining, according to a news release.

Barrio Energy is a provider of energy infrastructure solutions for computing and data centers, and its new locations will build on its existing Texas sites in Monahans, George West, Lolita and Tyler. The Tyler location, a 12-megawatt data center connected to the ERCOT grid, opened in 2024.

“The ERCOT South Zone’s strong infrastructure and access to abundant power make it an optimal location for next-generation computing,” Ivan Pinney, CEO of Barrio Energy, said in a news release. “These developments expand our portfolio and contribute to local economic growth through job creation and technological innovation.”

Operations at the first of the two sites are expected to commence in Q4 2025, with the second site following in Q1 2026.

“We are excited to advance these two high-potential 10MW sites in Matagorda County, which perfectly align with our mission to provide scalable, efficient energy solutions for our clients,” Pinney added in the release.

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