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ConocoPhillips, with headquarters in the Energy Corridor area of Houston, is the fifth largest private sector energy corporation in the world.
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The economy ofHouston is based primarily on the energy industry, particularly oil. However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States.[1] The Houston metropolitan area comprises the largest concentration of petrochemical manufacturing in the world, including for synthetic rubber, insecticides, and fertilizers. It is the world's leading center for oilfield equipment construction, with the city of Houston home to more than 3,000 energy-related businesses, including many of the top oil and gas exploration and production firms and petroleum pipeline operators.[2] As of 2011[update], 23 companies on the Fortune 500 list have their headquarters in, or around, Houston.[3]
The Houston–Sugar Land–Baytown metropolitan area ranked 33rd among the nation's 361 MSAs on per capita personal income at US$36,852 - 11.5 percent higher than the national figure of US$33,050. In 2012, Houston was ranked #1 by Forbes for paycheck worth, and, in late May 2013, it was identified as America's top city for job creation.[4][5]
^"U.S. Bureau of Economic Analysis (BEA)". Bea.gov. 2022-08-12. Archived from the original on 2013-11-06. Retrieved 2022-12-19.
^"Houston Oil & Gas Data" (PDF).
^"Fortune 500 2011: States: Texas Companies". Fortune Magazine. May 2011. Archived from the original on May 8, 2011.
^"Forbes ranks Houston No. 1 for paycheck worth".
^Derek Thompson (28 May 2013). "Houston Is Unstoppable: Why Texas' Juggernaut Is America's #1 Job Creator". The Atlantic. The Atlantic Monthly Group. Retrieved 29 May 2013.
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