↓ "Considered to be the energy capital of the world, five of the six supermajor
energy companies maintain a large base of operations in Houston (international headquarters of
ConocoPhillips; US operational headquarters of Exxon-Mobil; US headquarters for international
companies Shell Oil (US subsidiary of Royal Dutch Shell located in The Hague, Netherlands), and
BP whose international headquarters are in London, England). Specifically, the headquarters of
Shell Oil Company, the US affiliate of Royal Dutch Shell, is located at One Shell Plaza. While
ExxonMobil maintains its small, global headquarters in Irving, Texas, its upstream and chemical
divisions as well as most operational divisions, are located in Houston. Chevron has offices in
Houston, having acquired a 40 story building intended to be the headquarters of Enron. The
company's Chevron Pipe Line Company subsidiary is headquartered in Houston, and more divisions
are being consolidated and moved to Houston each year. Houston is headquarters for the Marathon
Oil Corporation, Apache Corporation, and Citgo and alternative energy companies such as Horizon
-- Houston. (2009, October 24).
InWikipedia, The Free
Encyclopedia. Retrieved 20:16, October 2, 2009,
Houston is a major corporate center. The city is home
to 26 Fortune 500 companies (second in the United States), multinationals and domestic companies
maintain operations in the city. Of the world’s 100 largest non-U.S.-based corporations, more
than half have operations in Houston. In 2006, the Houston metropolitan area ranked first
in Texas and third in the U.S. within the category of "Best Places for Business and Careers"
2007 Fortune 500 list shows 26 firms headquartered in the 10-county Houston-Sugar Land-Baytown
Metropolitan Statistical Area.
Banking and financial services are vital the region. Forty foreign
governments maintain trade and commercial offices here and the city has 23 active foreign chambers
of commerce and trade associations..Eleven foreign banks representing 12 nations operate in Houston
and provide financial assistance to the international community. In 1997 Houston had offices of 84
subsidiaries of Japanese companies."