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California falls behind Texas in Fortune 500 ranking

LA Times · Jun 6, 2026, 10:00 AM · Also reported by 1 other source

Key takeaways

  • Texas has dethroned California as the state with the most Fortune 500 companies.
  • The Fortune 500 list ranks the largest U.S. companies by revenue.
  • The Lone Star State was quick to claim the victory.

Greg Abbott said in a news release this week. Above, the Dallas skyline. (Tom Fox / Dallas Morning News via Getty Images) By Nilesh Christopher Staff Writer Follow June 6, 2026 3 AM PT 5 min Click here to listen to this article Share via Close extra sharing options Email Facebook X Linked In Threads Reddit Whats App Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here.

Texas has dethroned California as the state with the most Fortune 500 companies.

The Fortune 500 list ranks the largest U.S. companies by revenue. This year, 57 of the top companies are headquartered in Texas, compared with California’s 56. It’s a reversal from two years ago when the Golden State had the pole position.

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