US Market Info / 02 · Texas

Texas — The Lone Star State

America's 2nd largest state economy. State-level profile, economy, and history.

State-Level Profile Updated Apr 2026 For B2B Cross-Border
696,200 km²
Area (2nd Largest State)
30.5M
Population (2nd Most, 2023)
$2.1T
GDP (2nd Largest)
254
Counties (Most in U.S.)
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07Frisco & McKinney · Top 11 / 20 in America's Best Small-City Workplaces 20262026-05-18View →05Texas' Top 15 Energy Companies · Houston as the National Energy Capital2026-05-13View →06U.S. Exports by State · Texas Alone Drives 21.8%2026-04-15View →
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State Profile

Texas — The Lone Star State

Nicknamed after the single star on the 1836 Republic of Texas flag. Capital: Austin. Bordered by the Gulf of Mexico to the southeast.

Texas State Capitol, Austin

Texas State Capitol, Austin

The Lone Star State — the 2nd largest U.S. state by both area and population, with a $2.1 trillion GDP.

Texas — The Lone Star State
🌎
Geography
Mountains & plains terrain. Gulf of Mexico coastline to the southeast. Subtropical climate, humid near coast.
Nickname & Symbols
The Lone Star State. State flower: Bluebonnet. State bird: Northern Mockingbird.
Government
Capital: Austin. 254 counties — the most of any U.S. state. Joined the Union in 1845 as the 28th state.
🛢️
Economy
$2.1T GDP — 2nd largest state economy. Energy, tech, aerospace, agriculture, and manufacturing. No state income tax.
🎭
Culture & Attractions
Maritime Museum, Downtown Aquarium, Houston Zoo, Kimbell Art Museum, and Armstrong Browning Library.
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Economy

Texas Economy by Sector

Texas has the 2nd largest state GDP in the U.S. If it were an independent country, it would rank among the world's top 10 economies.

Major Sectors by GDP Share

1
Mining & Energy (Oil/Gas)
14.2%
2
Real Estate & Rental
12.5%
3
Professional & Technical Services
9.1%
4
Manufacturing
8.8%
5
Healthcare & Social Services
7.4%
6
Wholesale Trade
6.0%

🏆 Texas U.S. Rankings

1st
Crude Oil Production
43% of U.S.
1st
Natural Gas Production
25% of U.S.
1st
Wind Energy Capacity
28% of U.S.
2nd
State GDP
$2.1T
2nd
State Population
30.5M
2nd
Export Volume
$1 in $6
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History

Key Milestones in Texas History

From indigenous cultures to modern economic powerhouse — a brief timeline of the Lone Star State.

Texas landscape

The Lone Star State

268,596 sq mi of diverse terrain — from Gulf Coast beaches to Hill Country to West Texas desert.

Pre-1500s
Indigenous peoples developed sophisticated cultures long before European contact.
1700s
Spain established control over parts of Texas. After Mexican independence in 1821, Mexico inherited the territory.
1836
Texas declared independence from Mexico, forming the Republic of Texas — the origin of the Lone Star flag.
1845
Texas was annexed as the 28th state of the United States.
1861–1870
During the Civil War, Texas seceded and joined the Confederacy. Readmitted to the Union in 1870 under a new constitution.
Early 1900s
Discovery of oil at Spindletop (1901) launched Texas as an energy powerhouse, driving rapid economic growth.
Present Day
Texas is the 2nd largest U.S. economy with a diversified base in energy, technology, aerospace, healthcare, and trade.
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🤠 Texas Power List

Top 15 Texas Companies by Market Cap

Tesla leads with $1.31T. Top 3 hold 70%+ of total state market cap. Energy + Tech dominate.

Rank
Company
Ticker
HQ City
Industry
Market Cap
1
Tesla
TSLA
Austin
EV / Energy Storage
$1,309BUSD
2
ExxonMobil
XOM
Spring
Oil & Gas / Refining
$634BUSD
3
Oracle
ORCL
Austin
Enterprise Software / Cloud
$397BUSD
4
Caterpillar
CAT
Irving
Heavy Machinery
$368BUSD
5
Texas Instruments
TXN
Dallas
Semiconductors / IC
$182BUSD
6
AT&T
T
Dallas
Telecom Services
$172BUSD
7
ConocoPhillips
COP
Houston
Oil & Gas E&P
$159BUSD
8
Charles Schwab
SCHW
Westlake
Financial / Asset Mgmt
$112BUSD
9
McKesson
MCK
Irving
Healthcare Distribution
$106BUSD
10
Waste Management
WM
Houston
Environmental Services
$95BUSD
11
Dell Technologies
DELL
Round Rock
Computer Hardware / IT
$83BUSD
12
Schlumberger
SLB
Houston
Oilfield Services
$78BUSD
13
EOG Resources
EOG
Houston
Shale Oil & Gas
$74BUSD
14
CrowdStrike
CRWD
Austin
Cybersecurity
$64BUSD
15
Enterprise Products
EPD
Houston
Midstream Pipeline
$60BUSD
70%+

Top-3 Concentration

Tesla, ExxonMobil, Oracle hold over 70% of state market cap.

9 / 15

Energy + Tech

5 energy + 4 tech companies — the twin engines of Texas.

5 / 15

Houston HQ

Houston dominates energy: ConocoPhillips, WM, SLB, EOG, EPD.

3 / 10

Austin Tech Hub

Tesla, Oracle, CrowdStrike all sit in the Austin tech cluster.

Data: market cap snapshots vary with stock price; figures rounded for reference. Based on public data 2025-2026.

Key Insights from the Top 15

4 takeaways
01 · PATTERN

"One Giant + Many Strong"

Tesla leads at $1.31T — the only Texas firm in the global Top 10. Top 3 hold 70%+ of total state market cap.

02 · INDUSTRY

Energy + Tech Twin Engines

5 energy (Exxon, Conoco, SLB, EOG, EPD) + 4 tech (Tesla, Oracle, TI, CrowdStrike) firms = 60%+ of state Top 15.

03 · HQ CLUSTER

Austin = Tech, Houston = Energy

Austin: 3 of Top 10 (Tesla, Oracle, CrowdStrike). Houston: 3 of 4 oil & gas majors call it home.

04 · VOLATILITY

Recent Cap Movement

Tesla pulled back from $1.477T peak (mid-March). Energy firms fluctuating 5–8% month-over-month with oil prices.

Live market caps fluctuate with stock prices — refer to exchanges for real-time quotes. Chevron (CVX), Phillips 66 (PSX) and other energy firms follow closely — extending to Top 20 would fully cover Texas core industry clusters.

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