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Big Business Power

The usual suspects? A few of the Houston companies on the Fortune 500 may surprise

Allegra Fradkin
Jul 10, 2013 | 11:19 am

Seven Houston-based companies have made the new Fortune Global 500 list, landing them among the largest corporations in the world based on annual revenue.

#16 Phillips 66 ($169.6 billion) The Bayou City's highest ranked business is also its newest. This is the company's first year to make the list since it only recently spun off from ConocoPhillips. Out of the United States companies represented on the list, Phillips 66 ranks fourth, after only Walmart, Exxon Mobil Corp. (also Texas-based) and Chevron Corp.

#144 ConocoPhillips ($63.4 billion) After splitting off from Phillips 66, this company dropped 135 spots.

#241 Schlumberger Ltd. ($43.1 billion)

#246 Enterprise Products Partners LP ($42.6 billion)

#247 Sysco Corp. ($42.45 billion) This is Houston's only non-energy based company to make the list.

#286 Plains All American Pipeline LP ($37.8 billion)

#410 Halliburton Co. ($28.5 billion)

Other Global 500 companies with a strong and growing Houston presence include Royal Dutch Shell (#1), Exxon (#3), BP (#6), Chevron (#11) and United Continental Holdings (#293), which still has one of its largest hubs at Houston's own George Bush Intercontinental Airport. Two notable non-energy companies from the Lone Star State that made the list were AT&T (#34) and Dell (#165).

Exxon Mobil ranks No. 3 on the list, dropping from its previous No. 2 spot. Exxon Mobil is headquartered in Irving.

Exxon Mobil gas station sign
WSRKFM.com
Exxon Mobil ranks No. 3 on the list, dropping from its previous No. 2 spot. Exxon Mobil is headquartered in Irving.
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let's all take the bus

Texas sees 5th highest surge in gas prices in the U.S. since 2025

Amber Heckler
Apr 3, 2026 | 1:00 pm
Gas pump
Photo courtesy of Pixabay
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Houston residents who are feeling the sting at the gas pump aren't alone: Residents all around Texas are seeing soaring prices for regular and diesel fuel in 2026.

In fact, the Lone Star State has seen the fifth-highest percentage increase in gas prices in the country from April 2025 to April 2026, a just-released SmartAsset study has found. The current cost of a regular gallon of gas is 36.1 percent higher now than it was a year ago, and diesel is 60.9 percent more expensive.

The report, "Gas Prices Hit Records in 2026: State by State Breakdown," compared average gas prices from AAA from April 1, 2025 and April 1, 2026 and calculated the one-year change across all 50 states. The study looked at the price of a gallon of regular, premium, and diesel.

According to AAA, the cost of a regular gallon of gas in Texas at the start of April was $3.77, while premium is $4.62 per gallon. Diesel ticked over $5 a gallon — ouch — at $5.11.

Houston gas prices aren't much cheaper than the statewide average. A gallon of regular costs up to $3.76 at some Houston-area pumps, and diesel is $5.05 per gallon. AAA says the highest recorded average price for gas in the city was in June 2022, when a gallon of regular cost $4.68 and diesel cost $5.24.

Though Texas' gas prices are continuing to climb, it ranks 35th in the national ranking of states with the highest cost for regular gas as of April 2026. Texas' diesel prices are the 14th highest nationwide.

With the national average price for gas at $4.06, SmartAsset said the sudden surge in prices can be attributed to the United States' war on Iran, and "subsequent pressure on the Strait of Hormuz."

"Many states have experienced a 33 percent year-over-year increase in the cost of a gallon of regular gas – and in some places it’s even higher," the report's author wrote. "Commercial and public programs may be feeling similarly pinched, with diesel prices upwards of $6.00 per gallon in many states."

California currently has the highest average price for regular and diesel — $5.89 per gallon and $7.52 per gallon, respectively.

Arizona leads the nation with the highest one-year increase in gas prices. Regular gas in the Grand Canyon State is nearly 38 percent more expensive than it was last year, at $4.70 per gallon, and diesel is about 69 percent higher at $6.04 for a gallon.

The state with the cheapest gas prices in April is Oklahoma, where regular costs $3.27 per gallon, premium is $3.97, and diesel is $4.49.

gas prices texas smartasset
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