Fortune 500 In Houston

[Houston19514]

Continuing the thought I started above. I was surprised and impressed that Houston has 14 Fortune 500 headquarters downtown. This made me curious about how we compared to other cities. Other than the obvious Manhattan, nobody else is even close.

Fortune 500 Headquarters Downtown:

Manhattan 41

downtown 7

midtown 34

Houston 14

San Fran 7

Chicago 6

Minneapolis 5

Atlanta 3

Seattle 3

Dallas 3

LA 2

Boston 2

St. Louis 2

Denver 1

[Pleak]

Well, technically we are already down to 24 since El Paso (#488) is gone (swallowed by Kinder Morgan # 311).

But the flip side is #4 ConocoPhillips has split in two already. And both will be headquartered here. I just don't have any knowledge of the size of the two parts - but a strong suspicion that both will be large enough to be in the top 500 so we are back to 25.

[rsb320]

Remember we lost Continental too.

[Houston19514]

Well, technically we are already down to 24 since El Paso (#488) is gone (swallowed by Kinder Morgan # 311).

But the flip side is #4 ConocoPhillips has split in two already. And both will be headquartered here. I just don't have any knowledge of the size of the two parts - but a strong suspicion that both will be large enough to be in the top 500 so we are back to 25.

Technically, we are at 25. The Fortune 500 is a snapshot of a moment in time. Of course there will be changes between now and next year. Those will be reflected in the 2013 report.

FWIW, ConocoPhillips and Phillips66 will certainly both be Fortune 500 companies next year.

Remember we lost Continental too.

Continental is not on the 2012 list. They were already gone.

[samagon]

on this news, we're going to drop one

http://finance.yahoo.com/news/eaton-acquire-cooper-industries-form-130500743.html

unless Eaton decides Houston is the place to be....

[Pleak]

Nope. Cooper is based in I think - Ireland already - so it's not on the US Fortune 500. Just like Trans-Ocean, etc. . This is Cooper Tools. And's it's US headquarters are in Ohio. They make Crescent wrenches and auto parts and stuff like that. Used to be part of Cooper-Cameron. But they split a while back. Cameron is still here and is the oilfield-service related company.

[Houston19514]

Nope. Cooper is based in I think - Ireland already - so it's not on the US Fortune 500. Just like Trans-Ocean, etc. . This is Cooper Tools. And's it's US headquarters are in Ohio. They make Crescent wrenches and auto parts and stuff like that. Used to be part of Cooper-Cameron. But they split a while back. Cameron is still here and is the oilfield-service related company.

You are correct about Cooper Industries being incorporated in Ireland and not being on the Fortune 500 list. But then you sort of went off the rails.

The company being purchased by Eaton is Cooper Industries, which consists of a lot more than just Cooper Tools (which itself is no longer Cooper Tools, see below)

Cooper Industries is headquartered in Houston. They actually moved here from Ohio in 1967 (Cleveland I think, ironically enough).

What was once Cooper Tools is now part of Apex Tool Group, a joint venture between Cooper Industries and Danaher Corporation. Apex Tool Group is headquartered in Maryland.

Cooper-Cameron was once a division of Cooper Industries but was spun off as a separate publicly traded corporation in 1995. Its name was changed to Cameron International in 2006. FWIW, Cameron International, also headquartered in Houston, is on the Fortune 500.

Edited May 21, 2012 by Houston19514

[Pleak]

Right - sorry a post I wrote in a hurry on a forum did not meet Strunk & White's guidelines, but we are essentially in agreement.

I missed one detail. I thought during the breakup of the larger conglomerate, that the tool and electric division's US headquarters had returned to Ohio. But the main part of the post was factually correct. The company being taken over is not counted among Houston's Fortune 500 - due to it being incorporated in Ireland. Now the fact that they dropped their tool division down into a JV with another company does not negate the fact that they still own a large part of it even if they don't have direct management.

And I had typed another sentence on the end of my post explaining that Cameron Int'l as the one listed on Houston's Fortune 500 list. I'm at a loss as to where that sentence actually ended up. That's what I was trying to get at in bringing them into the conversation - that the remnant of the old Cooper Industries that is being bought is not the same remnant that is listed in Houston's tally - so nothing will change for next year's total.

At least based upon this deal.

Edited May 21, 2012 by Pleak

[Houston19514]

2013 Fortune 500 list came out today:

 

52 Texas-based companies.

25 based in Houston, same number as in 2012, up from 23 in the 2011 rankings, back to the same number it had in 2010.

18 based in DFW area, same number as in 2012, down from 20 in the 2011 rankings, further down from 24 in 2010.

 

Edited May 6, 2013 by Houston19514

[Mister X]

2013 Fortune 500 list came out today:

 

52 Texas-based companies.

25 based in Houston, same number as in 2012, up from 23 in the 2011 rankings, back to the same number it had in 2010.

18 based in DFW area, same number as in 2012, down from 20 in the 2011 rankings, further down from 24 in 2010.

 

 

 

You only say that the Houston area has more Fortune 500 companies than DFW because you are childish and biased.

 

Just kidding.   I'm only having a little fun. Thanks for the update.

 

Edited May 6, 2013 by Mister X

[Houston19514]

Further info from the 2013 Fortune 500 list:

 

California:  54, up from 53 in 2012

Texas:        52, same as 2012

New York:  52, up from 50 in 2012

Illinois:       32, same as 2012

 

 

 

 

[Houston19514]

Fortune 500 came out today:

 

Houston metro area now has 26 Fortune 500 companies.  That is up from 25 on the 2013 list and I think is probably a new all-time high for Houston.

 

Our count of 26 is without counting NRG, which is listed as headquartered in New Jersey, but technically is dual-headquartered in NJ and Houston.  It also does not include Occidental, which is relocating to Houston, or the possible addition of another Fortune 500 by the National Oilwell Varco spinoff.

 

The State of Texas has 52, same as last year.

 

D/FW has 18, same as last year.

 

Here is the list for Houston:

 

1)         6/4 Phillips 66

2)         47/45. ConocoPhillips
3)         56/64 Enterprise Products Partners L.P.
4)         63/65 Sysco
5)         70/ — Plains GP Holdings L.P.
6)         103/106 Halliburton

7)         131/144 National Oilwell Varco
8)         132/135 Baker Hughes

9)         179/167 Apache
10)       188/174 Marathon Oil
11)       202/207 Anadarko Petroleum
12)       203/233 EOG Resources
13)       206/265 Kinder Morgan
14)       207/200 Waste Management

15)       286/310 Cameron International

16)       307/343 Group 1 Automotive
17)       333/344 CenterPoint Energy
18)       360/334 KBR
19)       368/417 FMC Technologies

20)       395/435 Targa Resources
21)       396/397 Quanta Services
22)       414/459 Calpine

23)       461/475 Spectra Energy
24)       478/451 MRC Global
25)       485/544 Buckeye Partners
26)       491/535 Noble Energy

[Sky-guy]

Wow! Impressive that half of the Fortune 500 companies in Texas are in Houston!

[Ctaf]

I never even knew Sysco was based in houston

[H-Town Man]

We do well against DFW overall, but they have some strong weight at the top, with ExxonMobil (#2) and AT&T (#11).

 

Did Marathon split with Marathon Petroleum, sending the larger HQ back to Findlay?

 

[Luminare]

I never even knew Sysco was based in houston

 

Yep. They bought up the old Compaq turned HP campus that is near Skinner Rd. and 290. They have been in there the past couple years and recently they are pouring dollars into the place to renovate it.

Edited June 4, 2014 by Luminare

[Houston19514]

Yep. They bought up the old Compaq turned HP campus that is near Skinner Rd. and 290. They have been in there the past couple years and recently they are pouring dollars into the place to renovate it.

 

That is a business services facility.  The Sysco headquarters is on Enclave Parkway, near Eldridge Parkway.  

[arche_757]

Unfortunately only 3 of those companies are non-energy sector related: Sysco, Waste Management and Group 1 Automotive.  I'd like to see this list again in a few years with 2 more non-energy related companies on there.  Personally I would love to see a large healthcare company relocate here.  Never understood why one hasn't been pursued, other than the fact perhaps few of these companies have every moved or been pulled from one metro to another?

[Houston19514]

Fortune 500 came out today:

 

Houston metro area now has 26 Fortune 500 companies.  That is the same number as on the 2014 list.

 

The primary changes:

-- We added Occidental Petroleum and

-- Noble Energy dropped out of the 500 (they are now at 505.  No doubt a result of the drop in oil prices.)

 

Our count of 26 is without counting NRG, which is listed as headquartered in New Jersey, but technically is dual-headquartered in NJ and Houston. 

 

The State of Texas has 54, up 2 from last year.

 

D/FW has 21, up 3 from last year.

 

Here is the list for Houston:

 

1)         7. Phillips 66

2)         51. ConocoPhillips
3)         59.  Enterprise Products Partners L.P.
4)         61. Sysco
5)         67. Plains GP Holdings L.P.
6)         96. Halliburton

7)         115. Occidental Petroleum

8)         119. Baker Hughes

9)         127. National Oilwell Varco

10)       162. Anadarko Petroleum

11)       167. EOG Resources

12)       193. Kinder Morgan

13)       217. Waste Management

14)       218. Apache
15)       227. Marathon Oil
16)       275. Cameron International
17)       291. Group 1 Automotive
18)       313. CenterPoint Energy
19)       329. Targa Resources

20)       353. Calpine

21)       357.FMC Technologies
22)       361. Quanta Services
23)       406. Buckeye Partners
24)       424. KBR

25)       448. MRC Global

26)       449. Spectra Energy

[Houston19514]

Fortune 500 came out today:

 

Houston metro area now has 24 Fortune 500 companies.  That is down 2 from last year.

 

The primary changes:

-- We added Huntsman and

-- KBR, Buckeye Partners and MRC dropped out of the 500 (they are now at 501, 656, and 541, respectively; No doubt a result of the drop in oil prices.)

 

Our count of 24 is without counting NRG, which is listed as headquartered in New Jersey, but technically is dual-headquartered in NJ and Houston. 

 

The State of Texas has 51, down 3 from last year.

 

D/FW has 20, down 1from last year.

 

Here is the list for Houston:

1	Phillips 66 (30)
2	Sysco (57)
3	ConocoPhillips (90)
4	Entrprise Products Partners (104)
5	Halliburton (117)
6	Plains GP Holdings (121)
7	Baker Hughes (178)
8	National Oilwell Varco (192)
9	Kinder Morgan (198)
10	Waste Management (221)
11	Occidental Petroleum (225)
12	Group 1 Automotive (267)
13	Huntsman (277)
14	Cameron International (319)
15	EOG Resources (322)
16	Anadarko Petroleum (324)
17	Quanta Services (352)
18	Centerpoint Energy (363)
19	Targa Resources (387)
20	Apache (388)
21	Calpine (402)
22	FMC Technologies (410)
23	Marathon Oil (438)
24	Spectra Energy (493)

Edited June 6, 2016 by Houston19514

[strickn]

So updating 19514's post from 6 May 2013,

 

2012 List   CA 53   TX 52   NY 50   IL 32

2013 List   CA 54   TX 52   NY 52   IL 32

2014 List   CA 54   NY 54   TX 52   IL 33

2015 List   CA 54   TX 54   NY 54   IL 34 

2016 List   NY 55   CA 51   TX 51   IL 36

 

The lists do look drastically different once you put CT + NJ back in with NY.

But, then again, fifty years ago the Northeast spat on California, and now they take them seriously.

Fifty years from now when Texas is uninhabitable desert, maybe Canada will be taken seriously, too.

Edited June 8, 2016 by strickn
errors in 2014 totals

[strickn]

Georgia-based Axiall, which dropped this year from #564 to 613, is to be consolidated into Uptown Houston-based Westlake Chemical, vaulting it from #549 this year well into the "500" next year.
Jacobs Engineering will also be moving to downtown Dallas and Baker Hughes will not be folded into Halliburton, so Texas' count is effectively up by 3 over what it was going to be. 

[Sunstar]

On 6/6/2016 at 4:25 PM, Houston19514 said:

Fortune 500 came out today:

 

Houston metro area now has 24 Fortune 500 companies.  That is down 2 from last year.

 

The primary changes:

-- We added Huntsman and

-- KBR, Buckeye Partners and MRC dropped out of the 500 (they are now at 501, 656, and 541, respectively; No doubt a result of the drop in oil prices.)

 

Our count of 24 is without counting NRG, which is listed as headquartered in New Jersey, but technically is dual-headquartered in NJ and Houston. 

 

The State of Texas has 51, down 3 from last year.

 

D/FW has 20, down 1from last year.

 

Here is the list for Houston:

1	Phillips 66 (30)
2	Sysco (57)
3	ConocoPhillips (90)
4	Entrprise Products Partners (104)
5	Halliburton (117)
6	Plains GP Holdings (121)
7	Baker Hughes (178)
8	National Oilwell Varco (192)
9	Kinder Morgan (198)
10	Waste Management (221)
11	Occidental Petroleum (225)
12	Group 1 Automotive (267)
13	Huntsman (277)
14	Cameron International (319)
15	EOG Resources (322)
16	Anadarko Petroleum (324)
17	Quanta Services (352)
18	Centerpoint Energy (363)
19	Targa Resources (387)
20	Apache (388)
21	Calpine (402)
22	FMC Technologies (410)
23	Marathon Oil (438)
24	Spectra Energy (493)

 

Didn't realize Sysco was so high on the list. Otherwise, mostly O&G industry. Such a highly skilled work force here, it's a shame other industries don't try to take advantage of it. 

[H-Town Man]

I wonder when was the last time a company outside the O&G industry relocated to Houston. You'd think that at some point, we could land somebody. Dallas pulls them in right and left, which simply baffles me. Unless it is true that non-energy companies don't want to compete with energy companies for talent.

 

I really miss the 2001 list, when we had (as I recall) two companies in the top 10 (Enron and Reliant IIRC), another 2 or 3 in the top 50, and Compaq and Continental were both in there.

 

[Houston19514]

1 hour ago, H-Town Man said:

I wonder when was the last time a company outside the O&G industry relocated to Houston. You'd think that at some point, we could land somebody. Dallas pulls them in right and left, which simply baffles me. Unless it is true that non-energy companies don't want to compete with energy companies for talent.

 

I really miss the 2001 list, when we had (as I recall) two companies in the top 10 (Enron and Reliant IIRC), another 2 or 3 in the top 50, and Compaq and Continental were both in there.

 

 

 

Agreed they are doing better at pulling in non-O&G industry HQs; some of which are baffling, e.g., Jacobs Engineering... that's a Headquarters that should have come to Houston.

 

(FWIW, Reliant was never in the top 10 of the Fortune 500.  In 2001, Enron was our only top 10 company (and of course that was based on fraudulent numbers).  In the top 50 we had Enron, Compaq, Marathon, and Conoco,

Edited September 15, 2016 by Houston19514

[H-Town Man]

7 minutes ago, Houston19514 said:

 

 

Agreed they are doing better at pulling in non-O&G industry HQs; some of which are baffling, e.g., Jacobs Engineering... that's a Headquarters that should have come to Houston.

 

(FWIW, Reliant was never in the top 10 of the Fortune 500.  In 2001, Enron was our only top 10 company (and of course that was based on fraudulent numbers).  In the top 50 we had Enron, Compaq, Marathon, and Conoco,

 

Neither Reliant nor Dynegy made the top 50? Could've sworn. Oh well.

 

[Houston19514]

1 hour ago, H-Town Man said:

I wonder when was the last time a company outside the O&G industry relocated to Houston. You'd think that at some point, we could land somebody. Dallas pulls them in right and left, which simply baffles me. Unless it is true that non-energy companies don't want to compete with energy companies for talent.

 

 

 

 

But to your question, do GE Power Conversion or Mitsubishi Heavy Industries count?

[H-Town Man]

19 hours ago, Houston19514 said:

 

But to your question, do GE Power Conversion or Mitsubishi Heavy Industries count?

 

Hmmmm. Well both are subsidiaries. GE Power Conversion is oil-related, no? Didn't know MHI-America had moved here, seems like a good catch. Maybe not on the same level as Toyota America moving to Dallas, but I don't think we have the marketing industry here to attract retail companies.

 

[Cookiie]

Go Houston. I agree with Middletown Coog that this really is the best city to stay and get rich in and the opportunities it offers financially are endless.

[Houston19514]

Our count of 21, up from 20 in 2017, is without counting NRG (#229), which is listed as headquartered in New Jersey, but technically is dual-headquartered in NJ and Houston. 

 

The State of Texas has 48.

 

D/FW has 22, same as last year.

 

Here is the list for Houston:

 

1.  Phillips 66 (28)

2.  Sysco (54)

3.  ConocoPhillips (95)

4.  Enterprise Products Partners (105)

5.  Plains GP Holdings (115)

6.  Halliburton (146)

7.  Waste Management (202)

8.  Kinder Morgan (218)

9.  Occidental Petroleum (220)

10. Anadarko Petroleum (257)

11. EOG Resources (270)

12. Group 1 Automotive (273)

13. Huntsman (282)

14. CenterPoint Energy (308)

15. Quanta Services (316)

16. Targa Resources (334)

17. Calpine (336)

18. Westlake Chemical (352)

19. National Oilwell Varco (388)

20. Apache (438)

21. Cheniere Energy (489)