H-Town Man Posted May 22, 2018 Share Posted May 22, 2018 What happened to Baker Hughes? 1 Quote Link to comment Share on other sites More sharing options...
cspwal Posted May 22, 2018 Share Posted May 22, 2018 They got bought by GE 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted May 22, 2018 Share Posted May 22, 2018 35 minutes ago, H-Town Man said: What happened to Baker Hughes? 13 minutes ago, cspwal said: They got bought by GE Sort of. Actually, they merged with GE Oil & Gas to become Baker Hughes - a GE Company. My understanding is they were not eligible for this list only because they did not have three full quarters of financials. They should be back next year. 2 Quote Link to comment Share on other sites More sharing options...
cspwal Posted May 22, 2018 Share Posted May 22, 2018 Oh ok 1 Quote Link to comment Share on other sites More sharing options...
intencity77 Posted May 23, 2018 Share Posted May 23, 2018 Houston really needs to try harder to diversify its list of Fortune 500 companies. Still way too many oil, gas, and energy related companies dominating the economy. Not healthy in the long term to put all your strength and reliance into one industry. 1 Quote Link to comment Share on other sites More sharing options...
Reporter Posted May 23, 2018 Share Posted May 23, 2018 That's right. The last 100 years of having an un-diversified economy has been very unhealthy for Houston. If we don't diversify soon it will only be a matter of time before everyone moves away and they take all the high-rise towers with them. 1 Quote Link to comment Share on other sites More sharing options...
jgriff Posted May 23, 2018 Share Posted May 23, 2018 1 hour ago, Reporter said: That's right. The last 100 years of having an un-diversified economy has been very unhealthy for Houston. If we don't diversify soon it will only be a matter of time before everyone moves away and they take all the high-rise towers with them. You are correct. We're already losing much of the petrochemical industry to India, China and South Korea thanks to people in our government who believe in the free market so much that they don't even want to negotiate on trade, they just give it all away. Electric cars will ruin the rest. Fortunately this will happen after I'm retired or dead. If I was in my 20s I'm not sure I'd invest too much of my life in Houston. I might rent instead of buying. If there really is a switch to renewable energy Houston will stagnate, house prices will drop and crime will rise. I love the city and it's been very good to me but I'm not sure about it's long term future. It could easily go down the same path as Detroit. 2 Quote Link to comment Share on other sites More sharing options...
Reporter Posted May 23, 2018 Share Posted May 23, 2018 And NYC could get hit by a giant tsunami! I'm not saying that I think diversity is bad or that Houston wouldn't be a better place with a brighter future if it was less oil dependent. I'm just saying that I've been hearing that Houston has no future unless it changes it ways for my entire lifetime and the glass towers are still rising and the people keep moving in for some reason. Anyway, I'm not losing any sleep over it because if things get too bad, Houston can always annex Austin or something. 3 Quote Link to comment Share on other sites More sharing options...
CaptainJilliams Posted May 23, 2018 Share Posted May 23, 2018 (edited) jgriff is sounding eerily similar to Bill Murray in Ghostbusters... (For the record, I do believe diversification is key to Houston's future, but I don't think we need to panic that much quite yet.) Edited May 23, 2018 by CaptainJilliams 1 Quote Link to comment Share on other sites More sharing options...
jgriff Posted May 24, 2018 Share Posted May 24, 2018 20 hours ago, Reporter said: And NYC could get hit by a giant tsunami! I'm not saying that I think diversity is bad or that Houston wouldn't be a better place with a brighter future if it was less oil dependent. I'm just saying that I've been hearing that Houston has no future unless it changes it ways for my entire lifetime and the glass towers are still rising and the people keep moving in for some reason. Anyway, I'm not losing any sleep over it because if things get too bad, Houston can always annex Austin or something. Those predictions came true in the 80s. Many lives were ruined. If you happened to be the wrong age it would have seemed to you like Houston crashed and never recovered. My grandparents bought in the wrong neighborhood and lost a lot of money. It could definitely happen again, in fact I'd say it's almost certainly going to happen again. Choose where you buy carefully, think about how the neighborhood would look if Houston had 15% unemployment. The company I'm working for is currently in the process of sending all our work to India and China. We are literally training our replacements and handing over our technology to them. Another company just down the street is so desperate for work they are designing a facility for a Chinese engineering company who will then take the design and compete against them with it. Their choice was "take this project or shutdown the company". They'll do this last project and then shutdown. Other countries we work with have protections in place to keep this from happening. Saudi Arabia absolutely does not allow this. When we do work for them we have to buy into a local company, use local staff and train them. We are so fascinated with "free trade" that we don't even make an attempt to get a fair deal. The rest of the world just screws us over again and again. 2 Quote Link to comment Share on other sites More sharing options...
Reporter Posted May 24, 2018 Share Posted May 24, 2018 3 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted May 19, 2020 Share Posted May 19, 2020 New Fortune 500 list out today. Houston metro area has 22 on the list (21 in Houston, 1 in The Woodlands). 14 of the 22 are oil & gas industry, 2 chemical companies, 2 other energy companies (CenterPoint & Calpine) and 4 other (Sysco, Waste Management, Group 1 Automotive, and Crown Castle). In 2014, we had 23 companies in the Fortune 500 and 18 of them were in Oil & Gas. Phillips 66 Sysco ConocoPhillips Plains GP Holdings Enterprise Products Partners Baker Hughes Halliburton Occidental Petroleum EOG Resources Waste Management Kinder Morgan CenterPoint Energy Quanta Services Group 1 Automotive Calpine Cheniere Energy Targa Resources National Oilwell Varco Huntsman Westlake Chemical Apache Crown Castle We have an additional 19 in the Fortune 1000. 13 of the 19 are oil & gas industry. 6 other. KBR Par Pacific Holdings Marathon Oil Noble Energy Insperity American National Insurance MRC Global Service Corp. International Crestwood Equity Partners Southwestern Energy Tailored Brands NOW Kirby Comfort Systems USA Genesis Energy Patterson-UTI Energy Oasis Petroleum Cabot Oil & Gas Oceaneering International 6 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 21, 2020 Share Posted May 21, 2020 Someone with some extra time on their hands should compile a list of Houston's and other nearby metro areas' top 20 largest employers and how many employees they have in each city. Data can be found online. This would give a better picture of who the dominant players are in each economy. The Fortune 500 list ignores massive local employers like Exxon and Shell since they are not headquartered here, and also ignores the big hospitals, which are some of the area's largest employers. Similarly in Dallas, you have a company like Texas Instruments which is only ranked 222th and yet is one of the basic building blocks of their economy, with a huge workforce and anchoring so many other companies, much more important to them than Exxon-Mobil or McKesson (ranked 3rd and 9th). You also have Raytheon, which is not based there but a huge employer. Quote Link to comment Share on other sites More sharing options...
LBC2HTX Posted May 21, 2020 Share Posted May 21, 2020 Business journal publishes a list of the largest employers based on local headcount. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted May 21, 2020 Share Posted May 21, 2020 (edited) From Greater Houston Partnership: Largest employers (excluding government employers (except hospitals, universities and research centers) and fast food chains). More than 20,000: H-E-B Houston Methodist Memorial Hermann Health System UT MD Anderson Cancer Center Walmart 10,000 - 19,999: ExxonMobil HCA Kroger National Oilwell Varco Schlumberger Shell Oil Co. Texas Children's Hospital United Airlines UT Medical Branch Health System 5,000 - 9,999 AT&T Baker Hughes Baylor College of Medicine BP America CenterPoint Energy Chevron CHI St Luke's Health Dow Chemical Co Halliburton Harris Health System Hewlett Packard Enterprise Home Depot Houston Community College JPMorgan Chase KBR Lone Star College Michael E DeBakey VA Medical Center S&B Engineers and Constructors Target Corp. University of Houston UT Health Science Center Walgreens Edited May 21, 2020 by Houston19514 4 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted May 21, 2020 Share Posted May 21, 2020 From the Dallas Regional Chamber of Commerce: 10,000 + American Airlines Group AT&T Bank of America Baylor Scott & White JPMorgan Chase Kroger Lockheed Martin Medical City Healthcare Naval Air Station Parkland Hospital Southwest Airlines Texas Health Resources Texas Instruments UPS US Postal Service UT Southwestern Medical Center Walmart 5,000 - 9,999 Army & Air Force Exchange Service Children's Health CookChildren's Health Care System Dallas County Community College District FedEx Fidelity Investments Home Depot J.C. Penney L-3 Technologies Lowe's McAfee Methodist Health System Pepsico Raytheon State Farm Insurance Target Tom Thumb University of North Texas System Verizon Communications 4 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted December 3, 2020 Share Posted December 3, 2020 Yes, you read that right. Read it again. Bask in it. No, it's not HP Inc., which would be better. Yes, their best days are probably behind them. No, it won't tilt the tech universe towards Houston. Yes, it still helps our image. Hopefully there will be significant job relocations (>100). https://www.cnbc.com/2020/12/01/hpe-is-relocating-headquarters-to-houston-from-california.html 3 Quote Link to comment Share on other sites More sharing options...
ehtx1 Posted December 13, 2020 Share Posted December 13, 2020 Houston will soon have another Fortune 500 company. Hewlett Packard Enterprise announced today that it will relocate its headquarters here from Silicon Valley. It’s the latest example of Houston’s aggressive efforts to relocate major corporate headquarters and create a more robust digital tech ecosystem. #houston #hewlettpackard #texas #technology #computers Hewlett Packard Enterprise Relocating Global HQ to Houston houston.org • 3 min read 3 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 3, 2021 Share Posted June 3, 2021 (edited) New Fortune 500 list out today. Houston metro area has 23 (up from 22 last year) on the list (21 in Houston, 1 in The Woodlands, 1 in Katy). 13 of the 23 are oil & gas industry, 2 chemical companies. In 2014, we had 23 companies in the Fortune 500 and 18 of them were in Oil & Gas. In reality, we have 24; they still list NRG (#333) as being headquartered in New Jersey, but it is now fully-headquartered in Houston. So our concentration in Oil & Gas is now just barely above 50% (13 of 24). Phillips 66 Sysco Enterprise Products Partners Hewlett Packard Enterprise Plains GP Holdings Baker Hughes ConocoPhillips Occidental Petroleum Waste Management Halliburton Kinder Morgan Quanta Services EOG Resources Group 1 Automotive Cheniere Energy CenterPoint Energy Targa Resources Westlake Chemical NOV Huntsman Crown Castle International KBR Academy Sports & Outdoors Calpine dropped out because they are now privately-held. Apache (now known as APA) dropped to #595. New to the list for Houston are Academy Sports & Outdoors (went public), Hewlett Packard Enterprise (relocated from California) and KBR (up from #501 last year). We have an additional 16 in the Fortune 1000. 9 of the 16 are oil & gas industry. APA (Apache) Insperity American National Group Service Corp. International Par Pacific Holdings Marathon Oil Comfort Systems USA Western Midstream Partners MRC Global LGI Homes Southwestern Energy Stewart Information Services Crestwood Equity Partners Kirby Murphy Oil ChampionX Edited June 3, 2021 by Houston19514 8 Quote Link to comment Share on other sites More sharing options...
Avossos Posted June 12, 2021 Share Posted June 12, 2021 So how do we rank with other metropolitan areas? 1 Quote Link to comment Share on other sites More sharing options...
TheSirDingle Posted June 12, 2021 Share Posted June 12, 2021 (edited) 1 hour ago, Avossos said: So how do we rank with other metropolitan areas? Here's some figures (warning might be incorrect since I don't know the metro areas to well) New York: 44 in the city but blank on the metro. Los Angles: says 2 in the city but I don't know the metro. Houston: 24 DFW: 22 Minneapolis-St. Paul: 18 Atlanta: 16 Austin: 2 San Antonio: 2 Some journalist or person on city data might be able to generate a full ranking of the metros in the next couple of weeks, but this is what I got from the few cities/metros I looked at. Edited June 12, 2021 by TheSirDingle 2 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 13, 2021 Share Posted June 13, 2021 BisNow had an articl On 6/11/2021 at 7:53 PM, Avossos said: So how do we rank with other metropolitan areas? BisNow did an article about this: https://www.bisnow.com/houston/news/economic-development/houston-in-third-place-for-most-number-of-fortune-500-hqs-109194?utm_source=outbound_pub_4&utm_campaign=outbound_issue_48954&utm_content=outbound_link_1&utm_medium=email Metro areas: New York City: 64 Chicago: 35 Houston: 24 DFW: 22 6 1 Quote Link to comment Share on other sites More sharing options...
TheSirDingle Posted January 31, 2022 Share Posted January 31, 2022 Don't know if I'm late or anything but Exxon Mobil is moving HQ to Houston. https://www.google.com/amp/s/www.dallasnews.com/business/energy/2022/01/31/exxon-mobil-to-exit-irving-headquarters-for-houston-area-megacampus/%3foutputType=amp 3 Quote Link to comment Share on other sites More sharing options...
West Timer Posted January 31, 2022 Share Posted January 31, 2022 What a great FU to Dallas. Thanks Exxon! You too San Fran 49er's! 😁 4 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted May 24, 2022 Share Posted May 24, 2022 (edited) New Fortune 500 list out today. Houston metro area has 24 (25 if you count ExxonMobil, which is still listed in Irving) (up from 23 last year). (20 in Houston, 1 in The Woodlands, 1 in Katy, 3 in Spring (including ExxonMobil). Texas is now up to 53 Fortune 500 companies. EDIT: It looks like 53 Fortune 500 companies in Texas moves us into First Place among the states, moving ahead of both New York (51) and California (50). (ExxonMobil) Phillips 66 Sysco ConocoPhillips Enterprise Products Partners Hewlett Packard Enterprise Plains GP Holdings NRG Energy Occidental Petroleum Baker Hughes EOG Resources Waste Management Targa Resources Kinder Morgan Cheniere Energy Halliburton Group 1 Automotive Quanta Services Westlake Huntsman CenterPoint Energy APA KBR Academy Sports & Outdoors Southwestern Energy NOV dropped to #566. Crown Castle dropped to #503. New to the list for Houston are Southwestern Energy (moved up from Fortune 1000 to Fortune 500); NRG Energy (established Houston as its sole HQ); APA (moved up); and of course ExxonMobil. We have an additional 19 in the Fortune 1000 (up from 16 last year). Crown Castle International NOV Marathon Oil Insperity Par Pacific Holdings Crestwood Equity Partners Mattress Firm Group American National Group Service Corp. International Coterra Energy Stewart Information Services ChampionX Comfort Systems USA LGI Homes Western Midstream Partners MRC Global Murphy Oil Kirby Genesis Energy Edited October 30, 2022 by Houston19514 7 2 Quote Link to comment Share on other sites More sharing options...
Caribomoa Posted December 22, 2022 Share Posted December 22, 2022 (edited) AIG spun-off a chunk of their portfolio at the AIG campus on Allen Parkway, creating a new Financial Services called Corebridge Financial with $350B in assets under management and annual revenues projected at about $30 billion. It will be Houston’s newest Fortune 500 company along with ExxonMobil https://capital.com/amp/aig-corebridge-spinoff-valuation-ipo-timing-details This was a couple months ago but noticed it not posted so I went ahead. Edited December 22, 2022 by Caribomoa 7 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 22, 2022 Share Posted December 22, 2022 49 minutes ago, Caribomoa said: AIG spun-off a chunk of their portfolio at the AIG campus on Allen Parkway, creating a new Financial Services called Corebridge Financial with $350B in assets under management and annual revenues projected at about $30 billion. It will be Houston’s newest Fortune 500 company along with ExxonMobil https://capital.com/amp/aig-corebridge-spinoff-valuation-ipo-timing-details This was a couple months ago but noticed it not posted so I went ahead. Eventually, maybe the Chronicle will notice. But since it's not in Connecticut, maybe not (has anyone else noticed the plethora of Connecticut stories we're getting in the Chronicle these days, at least in the Business section? Hard to imagine, but the paper keeps getting worse. 3 Quote Link to comment Share on other sites More sharing options...
strickn Posted December 26, 2022 Share Posted December 26, 2022 BHP (headquartered in Melbourne) spun off its petroleum division this year, and it merged with an Australian company www.woodside.com, hence the new signage atop 1500 Post Oak. But Woodside has not put its headquarters in 1500 Post Oak (please correct me if I'm wrong). Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 27, 2022 Share Posted December 27, 2022 8 hours ago, strickn said: BHP (headquartered in Melbourne) spun off its petroleum division this year, and it merged with an Australian company www.woodside.com, hence the new signage atop 1500 Post Oak. But Woodside has not put its headquarters in 1500 Post Oak (please correct me if I'm wrong). Yeah. Pretty sure Woodside’s HQ is in Australia, as was BHP’s. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 6, 2023 Share Posted June 6, 2023 I was pleasantly surprised to see the Chronicle had such a prompt story about Houston's number of Fortune 500 companies. And they even touted that we have more than "any other city other than New York City". That is false. Chicago metro also has more than Houston. And then, they reported our number wrong. With the number they reported, we would not even be the third-ranked metro. I was briefly confused because, despite at least suggesting that we had more than DFW, she reported fewer. And the Dallas Morning News even said Houston has more than DFW. Fortune even did the work for them, showing the numbers in the largest concentrations. Houston - 25 Fortune 500 companies, not 22 as reported by the Chronicle (and that's still without ExxonMobil, which will officially relocate in the next couple months). In 2022 we had 24. Dallas - 24 (including ExxonMobil). In 2022 DFW had 23. New York City 59 Chicago 31 Houston 25 (26 with ExxonMobil) DFW 24 (23 without ExxonMobil) San Jose 20 Texas is the top state with 55. California second with 53. New York third with 50. 2 Quote Link to comment Share on other sites More sharing options...
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