The intrastate relocation won’t change the fact that Texas is No. 1 among all the states with 55 Fortune 500 companies, two more than California and five more than New York.
“Texas is the headquarters of headquarters,” Gov. Greg Abbott said in a statement Monday. “With our strong and growing workforce and welcoming business climate, Texas is where businesses find the freedom to flourish and people find opportunities to prosper.”
The Fortune 500 list includes a ranking of U.S.-headquartered companies by revenue, which is a boon for energy giants such as Exxon Mobil (No. 3) and pharmaceutical and medical supply firm McKesson (No. 9), both based in Irving. Exxon Mobil, which moved up three spots to jump Apple, UnitedHealth Group and CVS Health, is scheduled to leave Irving in mid-2023.
Also included among D-FW companies were D.R. Horton at 120, Southwest Airlines at 165, Charles Schwab at 175, Kimberly-Clark at 199 and Texas Instruments at 200.
North Texas could have a new entrant to the top 500 next year if food manufacturer Darling Ingredients continues its growth spurt. The Irving company grew 38% in 2022 to hit $6.5 billion in revenues. For the recently released 2022 rankings, the No. 500 company, Robert Half International, had $7.2 billion in sales.