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Monday, May 12, 2014

Forbes 2000 ranks the biggest public companies in Texas


 

Forbes 2000 ranks the biggest public companies in Texas


Business is booming in Texas and it's not just the corner lemonade stands.

Fifty-eight of the world's biggest public companies make their headquarters in the Lone Star State, according to the new Forbes 2000 annual ranking of businesses.

As could be expected, a majority of Texas' entries on the Forbes 2000 came from the energy sector. ExxonMobil,  with a market value of $422.3 billion, was Texas' highest entry at No. 6 overall.

Companies are ranked based on a composite score of four separate rankings: sales, profits, assets and market value. In addition to its overal tops-in-Texas ranking, ExxonMobil led the state in all four categories individually.

Other Texas household names on the list included AT&T, Phillips 66, Southwest Airlines and American Airlines, paper goods manufacturer Kimberly-Clark, Whole Foods Market and the Dr Pepper Snapple Group.


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