Despite the slump in oil prices that persisted nightmarishly throughout 2015, the group of 25 highest-grossing firms in Texas did better overall in 2015 than the year before.
Gross revenue for the 25 firms totaled $5.5 billion in 2015, up 4 percent when compared with $5.3 billion for the 25 highest-grossing firms in 2014. That’s nothing short of remarkable, considering that 2014 results were boosted by energy work and a strong Texas economy. The price of a barrel of West Texas Intermediate Crude averaged $48.66 in 2015, compared with $93.25 in 2014.
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