Big Business
High rolling: Houston dominates Fortune 500, but Wal-Mart is still No. 1
The new 2013 Fortune 500 is out, and Texas companies — many of them oil and gas-related — took 52 spots on the prestigious ranked-by-revenue list. Twenty five of those were based in the Houston area.
Phillips 66 was the big winner in the 2013 list, taking No. 4 barely a year after it began trading (as a spin-off of ConocoPhillips' refining arm) with $169.5 billion in revenue. The parent company, divested of its downstream assets but still earning a more than respectable $63.4 billion in revenue, dropped to No. 45 on the list.
Enterprise Products Partners, a natural gas and crude oil pipeline company, ranked No. 64 (down from No. 62 last year) with $42.6 billion in revenue, just ahead of Sysco at No. 65 (up from No. 69 last year) with $42.4 billion in revenue.
EOG Resources, which took No. 233 on the list with $11.7 billion in revenue, also ranked among the Best Companies to Work For in the 500, thanks largely to its ever-rising stock price — all employees are stockholders.
Phillips 66 was the big winner in the 2013 list, taking No. 4 with $169.5 billion in revenue.
Other Houston-area companies on the list include Plains All American Pipeline (No. 77 with $37.8 billion in revenue), Halliburton (No. 106 with $28.5 billion), Baker Hughes (No. 135 with $21.4 billion), National Oilwell Varco (No. 144 with $20 billion), Apache (No. 167 with $17.1 billion), Marathon Oil (No. 174 with $16.2 billion), Waste Management (No. 200 with $13.6 billion), Anadarko Petroleum (No. 207 with $13.4 billion), Kinder Morgan (No. 265 with $10.2), Cameron International (No. 310 with $8.5 billion), KBR (No. 334 with $7.9 billion), Group 1 Automotive (No. 343 with $7.5 billion), CenterPoint Energy (No. 344 with $7.5 billion), Enbridge Energy Partners (No. 381 with $6.7 billion), Quanta Services (No. 397 with $6.4 billion), FMC Technologies (No. 417 with $6.2 billion), Targa Resources (No. 435 with $5.9 billion), MRC Global (No. 451 with $5.6 billion), Calpine Corp. (No. 459 with $5.5 billion) and Spectra Energy (No. 475 with $5.2 billion).
Wal-Mart took No. 1 on the list overall, followed by Irving-based ExxonMobil and California-based Chevron. Berkshire Hathaway, the holding company helmed by Warren Buffett, ranked No. 5.
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