ChannelTwoNews Posted July 11, 2023 Share Posted July 11, 2023 You can now officially add ExxonMobil to the list. https://www.bizjournals.com/houston/news/2023/07/10/exxon-mobil-headquarters-move-spring-official-sec.html "Exxon Mobil Corp. (NYSE: XOM) officially changed the headquarters it has listed with the U.S. Securities and Exchange Commission to Spring this month, making it the largest publicly traded company headquartered in the Houston area." 2 Quote Link to comment Share on other sites More sharing options...
editor Posted July 11, 2023 Share Posted July 11, 2023 4 hours ago, ChannelTwoNews said: You can now officially add ExxonMobil to the list. https://www.bizjournals.com/houston/news/2023/07/10/exxon-mobil-headquarters-move-spring-official-sec.html "Exxon Mobil Corp. (NYSE: XOM) officially changed the headquarters it has listed with the U.S. Securities and Exchange Commission to Spring this month, making it the largest publicly traded company headquartered in the Houston area." I wonder when/if Chevron will follow suit. Surely, there are tax benefits to being headquartered in Houston, compared with California. 1 Quote Link to comment Share on other sites More sharing options...
mattyt36 Posted July 11, 2023 Share Posted July 11, 2023 10 hours ago, ChannelTwoNews said: You can now officially add ExxonMobil to the list. https://www.bizjournals.com/houston/news/2023/07/10/exxon-mobil-headquarters-move-spring-official-sec.html "Exxon Mobil Corp. (NYSE: XOM) officially changed the headquarters it has listed with the U.S. Securities and Exchange Commission to Spring this month, making it the largest publicly traded company headquartered in the Houston area." Should’ve waited until 713 Day! 1 Quote Link to comment Share on other sites More sharing options...
samagon Posted July 13, 2023 Share Posted July 13, 2023 there must be someone in CA with some blackmail photos of someone that can make that decision at Chevron. 2 Quote Link to comment Share on other sites More sharing options...
Ross Posted July 13, 2023 Share Posted July 13, 2023 On 7/11/2023 at 11:57 AM, editor said: I wonder when/if Chevron will follow suit. Surely, there are tax benefits to being headquartered in Houston, compared with California. There aren't a lot of tax benefits related to HQ location. Chevron is a Delaware corporation, which is normal these days. Chevron's California taxes are largely driven by the business it does there, oil fields and refineries, which generate far more income than the HQ. 1 Quote Link to comment Share on other sites More sharing options...
august948 Posted July 14, 2023 Share Posted July 14, 2023 On 7/11/2023 at 6:04 PM, mattyt36 said: Should’ve waited until 713 Day! In Spring it's 832 day. 2 Quote Link to comment Share on other sites More sharing options...
CREguy13 Posted July 14, 2023 Share Posted July 14, 2023 Chevron is definitely moving their headquarters here, just hope it is sooner than later. Also, someone on HAIF previously mentioned Corebridge Financial (AIG spin off) is likely to join the list for 2023 after its first full year of reporting/operating as an independent company. 4 1 Quote Link to comment Share on other sites More sharing options...
mattyt36 Posted July 14, 2023 Share Posted July 14, 2023 12 hours ago, august948 said: In Spring it's 832 day. Yet another reason they never have anything to celebrate in Spring 🤣 2 Quote Link to comment Share on other sites More sharing options...
CREguy13 Posted October 23, 2023 Share Posted October 23, 2023 On 7/14/2023 at 7:56 AM, CREguy13 said: Chevron is definitely moving their headquarters here, just hope it is sooner than later. Also, someone on HAIF previously mentioned Corebridge Financial (AIG spin off) is likely to join the list for 2023 after its first full year of reporting/operating as an independent company. Chevron buying Hess all but solidifies the inevitable HQ move to Houston iyam. Houston is Hess's largest employee base, not New York, and aside from all the clear advantages to bringing the combined company here, it really makes zero sense for a new "Mega Major" energy company to be headquartered in New York or California. Quote Link to comment Share on other sites More sharing options...
mattyt36 Posted October 25, 2023 Share Posted October 25, 2023 On 10/23/2023 at 1:32 PM, CREguy13 said: Chevron buying Hess all but solidifies the inevitable HQ move to Houston iyam. Houston is Hess's largest employee base, not New York, and aside from all the clear advantages to bringing the combined company here, it really makes zero sense for a new "Mega Major" energy company to be headquartered in New York or California. Unfortunately, even if that happens, Houston will be down 1 if Marathon and Southwestern get acquired. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 10 Share Posted June 10 (edited) 2024 Fortune 500: Houston: ExxonMobil (#7) Phillips 66 (#26) Sysco (#54) ConocoPhillips (#68) Enterprise Products Partners (#90) Plains GP Holdings (#92) Hewlett Packard Enterprise (#147) Occidental Petroleum (#149) NRG Energy (#150) Baker Hughes (#161) EOG Resources (#169) Halliburton (#177) Quanta Services (#192) Waste Management (#199) Cheniere Energy (#200) Group 1 Automotive (#229) Targa Resources (#256) Kinder Morgan (#268) Westlake (#326) CenterPoint Energy (#441) NOV (#444) Par Pacific Holdings (#454) APA (#455) Houston - 23, down from 25 Fortune 500 companies. In 2022 we had 24. DFW - 22, down from 24 (and their 22 includes Pioneer Natural Resource, which no longer exists). In 2022 DFW had 23. Edited June 10 by Houston19514 1 Quote Link to comment Share on other sites More sharing options...
hbg.50 Posted June 10 Share Posted June 10 7 minutes ago, Houston19514 said: 2024 Fortune 500: Houston: ExxonMobil (#7) Phillips 66 (#26) Sysco (#54) ConocoPhillips (#68) Enterprise Products Partners (#90) Plains GP Holdings (#92) Hewlett Packard Enterprise (#147) Occidental Petroleum (#149) NRG Energy (#150) Baker Hughes (#161) EOG Resources (#169) Halliburton (#177) Quanta Services (#192) Waste Management (#199) Cheniere Energy (#200) Group 1 Automotive (#229) Targa Resources (#256) Kinder Morgan (#268) Westlake (#326) CenterPoint Energy (#441) NOV (#444) Par Pacific Holdings (#454) APA (#455) Houston - 23, down from 25 Fortune 500 companies. In 2022 we had 24. DFW - 22, down from 24 (and their 22 includes Pioneer Natural Resource, which no longer exists). In 2022 DFW had 23. HBJ reported Houston with 24. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 10 Share Posted June 10 (edited) 22 minutes ago, hbg.50 said: HBJ reported Houston with 24. I’ll check my numbers. Did HBJ provide a list? Edited June 10 by Houston19514 Quote Link to comment Share on other sites More sharing options...
hbg.50 Posted June 10 Share Posted June 10 2 hours ago, Houston19514 said: I’ll check my numbers. Did HBJ provide a list? HBJ did not provide a list and it looks like they misreported the number (shocker). Should be 23 as you have correctly stated. Shame on me for relying on a print publication. https://www.bizjournals.com/houston/news/2024/06/04/houston-fortune-500-companies-drop.html 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 10 Share Posted June 10 When AIG created the separate corporate entity known as Corebridge, we had thought it would be a new Fortune 500 company for Houston. Apparently, they were not completely "deconsolidated" from AIG yet. So, maybe next year we'll get to add Corebridge. 1 Quote Link to comment Share on other sites More sharing options...
hbg.50 Posted June 11 Share Posted June 11 4 hours ago, Houston19514 said: When AIG created the separate corporate entity known as Corebridge, we had thought it would be a new Fortune 500 company for Houston. Apparently, they were not completely "deconsolidated" from AIG yet. So, maybe next year we'll get to add Corebridge. Crown Castle (+8) and KBR (+25) are sitting at 505 and 507, respectively. They might break through next year as well. Quote Link to comment Share on other sites More sharing options...
hbg.50 Posted July 17 Share Posted July 17 On 6/10/2024 at 9:09 PM, hbg.50 said: Crown Castle (+8) and KBR (+25) are sitting at 505 and 507, respectively. They might break through next year as well. KBR just acquired LinQuest which should get them close to breaking through the Fortune 500. “LinQuest expects to generate $500 million-to-$550 million in revenue this year and touts a margin of double-digit adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), according to a KBR investor presentation.” 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted July 19 Share Posted July 19 As Occidental gets close to finalizing its $12 billion CrownRock acquisition, it's also been working on a related deal valued around $3.6 billion. https://www.bizjournals.com/houston/news/2024/07/19/occidental-could-sell-crownrock-stake-to-ecopetrol.html Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.