The Largest Company in Texas is…
In the 2018 fiscal year, the Exxon Mobil
Corporation generated $290.2 billion in revenue – it is the second
largest company in the US and the largest company in Texas, reports
financial news website 247wallst.com. 24/7 reviewed SEC filings and
estimates of private company figures to identify the largest company in
every state. 24/7’s findings are based on publicly available
information, and not all companies publish revenue figures. To see the
largest company in your state visit
https://247wallst.com/special-report/2019/07/03/the-largest-company-in-every-state-4/2/
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While many of the largest U.S. companies are headquartered in
America’s major metropolitan areas — about one in five are either in
New York, Houston, Atlanta, Chicago, or Dallas — a majority of states
are home to at least one Fortune 500 corporation. Factors such as the
availability of talented workers, cost of living, and natural resources
can affect where a company chooses to locate its headquarters and help
explain the geographic distribution of the largest U.S. companies today.
In some of the more rural parts of the country, where Fortune 500
companies are less common, the largest companies are in the energy and
utilities sectors. In New Mexico, West Virginia, North Dakota, and
Hawaii, the largest company is a utility, and in Alaska, Utah, and
Wyoming, the largest company is in the energy sector.
Many of the states with the most large companies rank among the states
with the best economies and many of the states without a Fortune 500
company rank among the worst states for doing business.
METHODOLOGY
To determine the largest company in every state, 24/7 Wall St. analyzed
the SEC filings of public companies and estimates or annual reports of
private companies in the Fortune 1000 and S&P Capital IQ database.
Nonprofit hospital systems and government-owned enterprises were not
considered. Subsidiaries were considered as long as they were determined
to operate independently. In some cases, the revenue figure listed is an
estimate. We excluded companies from consideration when figures were not
available or an estimation could not be made.
