What is the #1 industry in Texas?

Texas, a prominent state in the United States, boasts a diverse economic landscape. Among its most lucrative industries, the gasoline and petroleum wholesaling sector stands out prominently. This industry, driven by the state's vast oil and gas reserves, has consistently contributed significantly to Texas' GDP.

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Oil drilling and gas extraction is another cornerstone of Texas' economic prowess. The state's rich geological formations have made it a prime location for energy exploration and production. In 2024, this sector generated an impressive $225.9 billion in revenue, solidifying its position as a key driver of the state's economy.

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Closely related to oil drilling and gas extraction, petroleum refining also plays a vital role in Texas' industrial landscape. The state is home to several large-scale refineries that process crude oil into various fuels and petrochemicals. In 2024, the petroleum refining industry contributed $225.2 billion to Texas' revenue, further underscoring its economic importance.