Austin, TX

Three Austin area companies featured in Fortune 500 after impressive showing across Texas

Published

2 years ago

June 24, 2024

Three Austin area companies featured in Fortune 500 after impressive showing across Texas

As Austin continues to rise to prominence on the national stage, so too does its presence on lists like Forbes’ Fortune 500.

The last decade has seen the city’s tech environment continue to flourish, garnering the nickname “Silicon Valley of the South.” As a result, Austin now is home to three tech companies in the Fortune 500.

Here are the three Austin-Area companies that featured on the list of revenue giants, plus a look at how other Texas metros performed on the 2024 edition of the Fortune 500.

Austin-Area features three tech titans in Fortune 500

Austin icon Dell Technologies, now headquartered in Round Rock, slotted in at 48 on the Fortune 500. In the last year, Dell posted a revenue of $88 billion.

Perhaps the most notable Austin HQ’d company, Tesla, was also the highest-ranked company on the Fortune 500. The most valuable car company in the world produced a revenue of $96.7 billion in 2023, this is an 18.8% increase from the prior year.

Lastly, computer software company, Oracle, placed 89th on the list after generating a revenue of $49.9 billion in 2023 — $7 more than the company earned in 2022. The Austin transplant, which moved to the city in 2020, has posted record number in almost every year since moving to Texas’ capital.

While Oracle is currently located in Austin, it announced in April that it plans to move its headquarters to Nashville.

Texas metros boast a strong showing in Fortune 500

This year Texas was dethroned as the top state on the list. The Lone Star state’s West Coast rival, California, was featured 57 times in the 2024 edition of the Fortune 500. This is the first time since 2014 that the Golden State has topped the list, according to Fortune. Texas and New York tie for second, both with 52 companies.

Houston was a stand-out city for Texas as it featured the third most Fortune 500 companies on the list, with 21 entries, led by oil giants like Phillips 66 and ConocoPhillips. San Antonio was featured just twice on the list, but it contributed one of Texas’ highest-ranked companies — Valero Energy.

The Dallas-Fort Worth area was a big winner on the list. Despite multiple years of rocky headlines related to mass flight cancelations, Southwest Airlines found itself in the top 200. In Fort Worth, another airline featured as American Airlines, one of the highest-rated airlines in the country, came in at 86.

The DFW as a whole featured 10 total companies, nine of which Dallas contributed.

Fortune 500: Top 20 Texas companies

Below are the top Texas companies that made the Fortune 500 list and their rank:

7: Exxon Mobil
9: McKesson
26: Phillips 66
29: Valero Energy
32: AT&T
40: Tesla
48: Dell Technologies
51: Energy Transfer
54: Sysco
59: Caterpillar
68: ConocoPhillips
86: American Airlines Group
89: Oracle
90: Enterprise Products Partners
92: Plains GP Holdings
103: USAA
120: D.R. Hortom
137: HF Sinclair
138: CBRE Group
147: Hewlett Packard Enterprise

Beck Andrew Salgado covers trending topics in the Austin business ecosystem for the American-Statesman. To share additional tips or insights with Salgado, email Bsalgado@gannett.com.

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Austin, TX

Letter to the editor from Texas emeritus professor on Dell donation

Published

10 hours ago

May 10, 2026

Press Room

Letter to the editor from Texas emeritus professor on Dell donation

Special for the Avalanche-Journal

Money and rankings don’t make a great university. Providing opportunities for disadvantaged students and protecting academic freedom, however, do.

Case in point: Michael and Susan Dell recently surpassed $1 billion in giving to the University of Texas at Austin, launching a plan to build a new medical center and advanced research campus in north Austin.

To be sure, this is a magnanimous gift that will fund important initiatives. While enormously grateful for this contribution, I am disappointed that this gift was not accompanied with a strong message from Michael Dell admonishing the University for gutting DEI and infringing upon academic freedom.

As a colleague of mine astutely observed: “Good luck recruiting doctors and med students. The attacks on DEI and political climates will mean a lot more than rankings and money long-term.”

UT System Board of Regents Chairman Kevin Eltife, referencing the Dell gift, is right: “We are transforming this site into a new campus the world has never seen before.” Yes, never seen, but in a very negative and dangerous way!

Last week, I received a message from the Texas Exes: “This is your last chance to show your support during 40 Hours for the Forty Acres, UT Austin’s Texas-sized fundraising event. Can we count on you?”

My answer: “No, absolutely not. I won’t give one dime to a university that no longer is committed to diversity and preserving academic freedom.”

Having proudly taught at UT for 41 years, I am sad to say this.

– Richard Cherwitz, Ph.D. is the Ernest A. Sharpe Centennial Professor Emeritus, Moody College of Communication and Founding Director, Intellectual Entrepreneurship Consortium (IE) at The University of Texas at Austin.

How to share a letter to the editor

Want to share your voice in the A-J? We’d love for you to contribute to the thoughtful and civil conversation. Please send us a letter to the editor by emailing us at newmedia@lubbockonline.com or through mail: Lubbock Avalanche-Journal, 710 Avenue J, Lubbock, TX 79401. Please keep submissions to around 250 words or less.

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Austin, TX

APD responds to barricaded subject in E Austin

Published

22 hours ago

May 9, 2026

Press Room

APD responds to barricaded subject in E Austin

AUSTIN, Texas — APD SWAT responded to a barricaded subject in East Austin Saturday afternoon.

According to police, the incident took place near the 3400 block of Kay St., and officers responded to the call at around 1:30 p.m.

Once officers arrived, they made contact with a victim who “advised of circumstances that met the state law requirement of assault with a deadly weapon family violence.” Shortly after, the suspect barricaded themselves inside the residence.

ALSO: National Weather Service warns of storms with gusty winds

Austin Police officers, SWAT, hostage negotiators, and Austin-Travis County EMS were still on the scene and the suspect was still barricaded as of 6:15 p.m.

People are being encouraged to avoid the area due to increased police presence, or stay in a safe location if they are unable to avoid the area.

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This is a developing story and more information will be provided as it becomes available.

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Austin, TX

Press conference: Northwest Austin shooting victim died at the scene

Published

1 day ago

May 9, 2026

Press Room

Press conference: Northwest Austin shooting victim died at the scene

A 27-year-old Pflugerville man faces capital murder charges for allegedly killing his parents and his brother, according to the Travis County Sheriff’s Office. The bodies of 62-year-old Armand, 63-year-old Jami and 31-year-old Noah Dahan were found by deputies conducting a welfare check Thursday at their home on Civorno Drive. Deputies said the victims had suffered gunshot wounds. https://www.kxan.com/news/crime/tcso-pflugerville-triple-homicide/

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