Austin's Tech Scene Soars with 3 Companies in the Fortune 500

As Austin's profile rises, so does its presence on influential lists like Forbes' Fortune 500. The city now boasts 3 tech giants in the prestigious ranking:

• Dell Technologies (Rank: 48), with a staggering $88 billion in revenue.
• Tesla (Rank: 40), the world's most valuable car company, saw an 18.8% revenue increase to $96.7 billion.
• Oracle (Rank: 89), which moved to Austin in 2020, generated $49.9 billion, a record-breaking $7 billion increase since its relocation.

Texas Metros' Strong Showing:

• Texas was dethroned by California this year, with the West Coast state boasting 57 companies to Texas' 52.
• Houston stood out with 21 entries, led by oil giants.
• San Antonio featured twice, including Valero Energy, one of Texas' highest-ranked companies.
• DFW had 10 companies on the list, including Southwest and American Airlines despite their recent struggles.

Top 20 Texas Companies on the Fortune 500:

1. Exxon Mobil (Rank: 7)
2. McKesson (Rank: 9)
3. Phillips 66 (Rank: 26)
4. Valero Energy (Rank: 29)
5. AT&T (Rank: 32)
6. Tesla (Rank: 40)
7. Dell Technologies (Rank: 48)
8. Energy Transfer (Rank: 51)
9. Sysco (Rank: 54)
10. Caterpillar (Rank: 59)
11. ConocoPhillips (Rank: 68)
12. American Airlines Group (Rank: 86)
13. Oracle (Rank: 89)
14. Enterprise Products Partners (Rank: 90)
15. Plains GP Holdings (Rank: 92)
16. USAA (Rank: 103)
17. D.R. Horton (Rank: 120)
18. HF Sinclair (Rank: 137)
19. CBRE Group (Rank: 138)
20. Hewlett Packard Enterprise (Rank: 147)

For more insights from Beck Andrew Salgado on Austin's business scene, contact: Bsalgado@gannett.com.