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Home Fortune This year’s fortune

Two Houston Companies Join Fortune 500 This Year: Full List and Insights

Eleanor by Eleanor
23/11/2024
in This year’s fortune
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Two Houston Companies Join Fortune 500 This Year: Full List and Insights
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Well, ya know, Houston is sure gettin’ more and more buzz, especially when it comes to them big companies makin’ a name for themselves. This year, two Houston companies done joined the ranks of them Fortune 500 big shots. Let me tell ya, it ain’t no small feat to get on that list, and Houston’s got some serious competition, even from them big cities like New York.

So who are these two new big names?

Well, one of ’em is Chevron, that big ol’ oil and gas company. They done ranked number 15 this year, and I hear they’re movin’ their headquarters to Houston by the end of 2024. That’s right, they ain’t just keepin’ their offices in some other state, they’re comin’ to Texas in full force! With Chevron movin’ in, it’s clear Houston’s energy sector ain’t goin’ nowhere. The city has long been a leader in energy, and this only strengthens it.

The other company makin’ waves this year is NOV, or National Oilwell Varco. They done ranked #444, which might not sound like a big ol’ spot, but it’s a big jump from last year when they were down at #501. See, things are lookin’ mighty fine for these companies, and they’re bringin’ in a whole lot of revenue too!

Two Houston Companies Join Fortune 500 This Year: Full List and Insights

Houston’s Fortune 500 List Keep Growin’

Now, let me tell ya somethin’—Houston ain’t no stranger to bein’ on that list. The city’s been home to plenty of them Fortune 500 companies for years, and this year, they’ve got 22 companies on that list. Ain’t that somethin’? Only New York City beats Houston, and that’s sayin’ a lot!

These companies ain’t just sittin’ around either. They’re bringin’ in some serious dough, too. All them Fortune 500 companies together, they pulled in a whooping $18.8 trillion in revenue. That’s a whole lot of money, folks! Makes you wonder just how many people are workin’ in these companies, right? Well, there’s 31 million folks employed by these companies worldwide. That’s a whole lotta jobs!

Why It Matters for Houston

Now, you might be thinkin’, “Why does it matter that two new companies joined the list?” Well, lemme tell ya—when big companies like Chevron and NOV come to town, it means a lot of things. First off, it means more jobs for folks here. Jobs in energy, engineering, and even support roles. More jobs mean more money comin’ into the local economy. And let’s not forget about them folks workin’ in all them smaller businesses that pop up around these big companies.

Two Houston Companies Join Fortune 500 This Year: Full List and Insights

Also, when big companies move their headquarters to Houston, it’s like sayin’, “Hey, look at us! We’re one of the most important cities in the country for business.” Houston has always been an oil town, but now with these companies movin’ in, they’re showin’ that they’ve got more to offer—like innovation, tech, and even services for these big industries. It’s all a big cycle that helps keep Houston growin’ and prosperin’.

Houston’s Energy Sector Leads the Charge

Let’s not forget why Houston’s so special to these big companies. It’s that ol’ energy sector, my friends. For as long as I can remember, Houston has been the hub of energy in this country. It ain’t just the oil and gas either—there’s a lotta companies in Houston dealin’ with things like pipelines, renewable energy, and all kinds of energy tech. The city’s economy is pretty much built on this industry, and these new Fortune 500 additions just prove how important that sector still is.

What’s Next for Houston?

Well, folks, if you ask me, I think this is just the beginnin’. Houston’s got that good ol’ Texas spirit, and it’s only gonna keep growin’. With big companies comin’ here, more people movin’ here for work, and all the support businesses that come along, Houston’s makin’ its mark more and more. We got a long way to go, but if this year’s any sign, the future’s lookin’ mighty bright for this ol’ city.

Two Houston Companies Join Fortune 500 This Year: Full List and Insights

So, next time you hear someone talk about them Fortune 500 companies, you can tell ’em about the two that joined from Houston. Chevron and NOV are part of somethin’ much bigger, and they’re only gonna make this city even stronger.

Tags:[Houston, Fortune 500, Chevron, NOV, energy, Texas business, oil and gas, corporate headquarters, Houston economy, job growth]

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