Cha-ching

3 Dallas-Fort Worth companies cash in on new Fortune 500 ranking

One DFW company topped them all in Texas.

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The Fortune 500 has released its annual ranking of the country's most profitable companies, and the business-friendly Lone Star State makes another impressive showing.

Now back for its 66th year, the Fortune 500 is ranked according to total company revenue for the last fiscal year (in this case 2019), while calculating profits, return to investors, number of employees, assets, and earnings per share.

But, of course, it all comes down to the money. According to a release, these companies represent a mind-boggling two-thirds of the U.S. gross domestic product, with $14.2 trillion in revenues, a 4 percent leap over last year. The revenue threshold to even make this year's Fortune 500 list was $5.7 billion, the magazine notes.

In total, Texas has the third most companies on the list with 50, just behind California and New York, with 53 spots each. And though it always stings to be just behind California when it comes to business, Texas does claim the most spots among the top 10.

Irving-based Exxon Mobil takes the highest spot among Texas companies at No. 3, followed by medical supply and pharmaceutical company McKesson, also headquartered in Irving, at No. 8. Telecommunications giant AT&T, which calls nearby Dallas home, ranks No. 9.

Dallas-Fort Worth
Along with claiming three companies in the top 10, Dallas-Fort Worth is home to 23 Fortune 500 companies, the most of any Texas metro. As a result, Dallas also claims the second most revenue of any city in the U.S.

The Fortune 500 companies located in Dallas-Fort Worth include:

Energy Transfer (No. 59)
American Airlines Group (No. 70)
Southwest Airlines (No. 141)
Tenet Healthcare (No. 174)
Kimberly-Clark (No. 175)
Fluor (No. 181)
D.R. Horton (No. 183)
HollyFrontier (No. 184)
Jacobs Engineering (No. 206)
Texas Instruments (No. 222)
Core-Mark Holding (No. 240)
Vistra Energy (No. 270)
J.C. Penney (No. 286)
Pioneer Natural (No. 341)
Yum China Holdings (No. 361)
Dean Foods (No. 421)
Builders FirstSource (No. 425)
GameStop (No. 464)
Celanese (No. 470)
EnLink Midstream (No. 483)
Commercial Metals (No. 491)

Austin
Austin doesn't technically have any spots in the top 10, but it does have two prominent area employers. Amazon, owner of Whole Foods Market, comes in at No. 2, and Apple follows at No. 4. Though based in Cupertino, California, the computer giant is currently building a $1 billion second headquarters in Austin. Once open, the corporation should add 5,000 new jobs in the Capital City, making it one of the region's largest employers.

Along with Amazon and Apple, the Austin area claims one other spot on the Fortune 500 list. Round Rock-based Dell earned $4.6 billion in profits, giving it the No. 34 spot.

Houston
The Bayou City claims the second most Fortune 500 companies in Texas, largely in the energy and oil sectors. Twenty-two Fortune 500 companies call Houston or The Woodlands home, including:

Phillips 66 (No. 27)
Sysco (No. 56)
ConocoPhillips (No. 93)
Plains GP Holdings (No. 98)
Enterprise Products (No. 101)
Baker Hughes (No. 129)
Halliburton (No. 142)
Occidental Petroleum (No. 148)
EOG Resources (No. 186)
Waste Management (No. 207)
Kinder Morgan (No. 242)
Center Point Energy (No. 260)
Quanta Services (No. 261)
Group 1 Automotive (No. 264)
Calpine (No. 319)
Cheniere Energy (No. 329)
Targa Resources (No. 365)
National Oilwell Varco (No. 374)
Huntsman (No. 382)
Westlake Chemical (No. 391)
Apache (No. 465)
Crown Castle (No. 496)

San Antonio
Coming in third among Texas' biggest metro areas is San Antonio with three companies on the Fortune 500 list. Though Valero Energy had a rough 2019 and is on track for an even rougher 2020, its revenues surpassed a trillion dollars, and its net income was still $2.4 billion, enough to take the No. 32 spot.

Employee favorite USAA, which also landed on Fortune's 100 Best Places to Work list in February, ranks No. 94 — its highest spot ever on the Fortune 500 list. As Fortune notes, "USAA provides banking and insurance offerings to U.S. military members and their families; it routinely scores at the top of customer-satisfaction surveys in an industry that isn't generally beloved by consumers."

And New Braunfels-based Rush Enterprises, a company that specializes in commercial vehicle sales, parks itself at No. 492.

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Christmas in Cowtown

Festive Fort Worth makes new list of top cities to celebrate Christmas

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There's much to love around the holiday season in Fort Worth, including meeting Cowboy Santa.

Fort Worth's festive spirit is on full display, from Cowboy Santa's visits in the historic Stockyards to the sky-high tree in downtown's Sundance Square. It's no wonder the city made WalletHub's list of the best cities for celebrating Christmas 2024.

Merry Fort Worth lands at No. 57 spot on the new list, which annually ranks the 100 most populous U.S. cities across five key dimensions: Traditions and fun, observance, generosity, shopping opportunities, plus travel and meal costs.

Fort Worth ranked as the No. 50 best U.S. city for celebrating Christmas in WalletHub's 2023 report.

Here's how the city performed across the study's five main categories this year:

No. 16 – Costs rank
No. 38 – Generosity rank
No. 55 – Observance rank
No. 59 – Traditions and fun rank
No. 65 – Shopping rank

No matter what the rankings say, jolly Fort Worth residents can enjoy a host of holiday happenings this winter, including numerous light displays and dazzling neighborhoods throughout town. From local restaurants and bars creating festive feasts and delightful cocktail experiences, to great places to ice skate, there is plenty to get Fort Worth residents in the holiday spirit this year.

Fort Worth households also have bigger holiday budgets in 2024 than they did the year before. According to a separate WalletHub study, the average Fort Worth household is expected to spend about $1,082 on Christmas gifts this year, versus $1,013 in 2023.

"With inflation making Christmas celebrations, gifts, food and travel more expensive, certain cities are much better for your wallet than others during the holiday," said WalletHub analyst Chip Lupo. "In addition to being affordable, the best cities have a large number of people celebrating, plenty of places for Christians to worship, populations who give generously to charity, and plenty of fun activities to enjoy with family and friends."

Elsewhere in Texas, other festive cities that earned spots in the top 50 include Austin (No. 23), San Antonio (No. 30), Dallas (No. 31), and Houston (No. 41).

The top 10 best places to experience Christmas in 2024 are:

No. 1 – Atlanta, Georgia
No. 2 – Pittsburgh, Pennsylvania
No. 3 – Seattle, Washington
No. 4 – Las Vegas, Nevada
No. 5 – Orlando, Florida
No. 6 – San Francisco, California
No. 7 – St. Louis, Missouri
No. 8 – Miami, Florida
No. 9 – Chicago, Illinois
No. 10 – New York, New York

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