Petroleum Refining & Chemical Products
Texas leads the nation in petroleum refining and chemical products
production, and is a global leader in the closely related petrochemical
industry. Texas entered the global petroleum production and refining industry
in 1901, when the Spindletop oilfield in Beaumont began production with a
gusher that made headlines around the world.
|Irving, Texas is home to oil, gas, and chemical giant
ExxonMobil, which is second on the 2013 Fortune 500.
||Texas is home to 33 energy-related companies on the
Fortune 1000 list. Houston, "The Energy Capital of the World," is
home to more than 5,000 energy-related firms.
||Texas' 27 refineries
lead the nation in both crude oil production and refining. With
over 5.1 million barrels a day, Texas has 28.8 percent of
the nation's total capacity.
|The average yearly wage in Texas' refining and chemical
manufacturing industry is $95,000.
||With 100,000 workers employed, Texas is home to the
largest petrochemical cluster in the world.
||Houston alone accounts
for over 40 percent of the nation's base petrochemical