Dallas has more Fortune 500 companies than many people realize. Check out this video for the biggest companies in Dallas.
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Sources: fortune.com
For some reason everyone thinks that big companies are all based in New York or Silicon Valley, but Dallas has a lot more corporate headquarters than many people realize. I pulled the 2020 Fortune 500 list to see what are the biggest companies headquartered in Dallas. I count more than just Dallas proper since most people are willing to commute around the metroplex.
5. American Airlines Group (Fort Worth, TX)
Headquartered in Fort Worth, American Airlines was number 70 on the overall Fortune 500 list in 2020. This is a 2 spot slip from 2019's ranking and moves American behind Delta as the leading airline. 2019 was an uneven year for American marked by labor disputes and the grounding of the Boeing 737 MAX airplanes.
4. Energy Transfer
Energy Transfer is number 59 on the overall 2020 Fortune 500 list. The company was formed in 1996 and became publicly traded in 2004. According to their website, their core operations include transportation, storage, and terminating for natural gas, crude oil, NGLs, refined products, and liquid natural gas. So, to put it simply, it’s an oil & gas company.
3. AT&T
AT&T is number 9 on the overall Fortune 500 list. American Telephone & Telegraph is not just the telephone company, but a media conglomerate who brought us the confusing rollout of HBOMax this year. But hey, we got another streaming service to pay for to get to watch things that used to be available on Netflix, so there’s that.
2. McKesson (Irving, TX)
Just one spot above AT&T on the overall list is McKesson, coming in at #8. The company is the nation’s largest drug distributor and grew revenue last year through more sales, increased prices, and acquisitions. You know, the usual. They did see some losses last year with costs related to opioid-related litigation. McKesson, along with many other drug dealers (I mean manufacturers) are fighting thousands of lawsuits over their alleged role in the nation’s opioid epidemic. In February 2020, 21 states rejected a proposed $18 billion settlement with McKesson and the U.S.’s two other largest drug wholesalers. At least with the other events of 2020, no one is talking about the opioid crisis anymore.
1. ExxonMobil (Irving, TX)
ExxonMobil, based in Irving, is America’s largest publicly traded oil company. This #3 company on the overall Fortune list faced a challenging 2019. CEO Darren Woods pinned the problem squarely on low oil prices. The company earned $14.3 billion (which is
