California again bested Texas as the state with the most Fortune 500 companies.
Fifty-eight companies in the Golden State made the annual list of the largest U.S. corporations, followed by the Lone Star State with 54 and New York with 53. California edged past Texas and New York to claim the top spot last year, the first time it had led the ranking since 2014.
Two Austin companies shifted on the list: electric car manufacturer Tesla Inc. dropped three spots to No. 43, while computer technology company Oracle Corp. rose two spots to No. 87. Tesla generated $97.7 billion in revenue, down 0.9%, while Oracle’s revenue rose 6% to $53 billion. Round Rock-based Dell Technologies Inc. ranked No. 44, with revenue increasing 8.1% to $95.6 billion. It climbed four spots to No. 44.
Walmart