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Fortune

Paolo Confino

This state boasts the most Fortune 500 companies in 2023

Texas ExxonMobil HPE

An man in a high visibility vest looks at a tablet while visiting an oil well. (Credit: Olga Rolenko)

For the second consecutive year, Texas has the most Fortune 500 companies, totaling $2.6 trillion in revenue and $226.5 billion in profit.

The Lone Star state's two biggest corporations—energy company ExxonMobil and pharmaceutical manufacturer McKesson—accounted for roughly 26% of its Fortune 500 revenue and 25% of its profit. That’s unsurprising, considering they’re ranked third and ninth on the list.

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