Some of the major industries in Texas include petroleum, natural gas, farming, steel, banking, and tourism. Most industries require postsecondary training, although the amount of education needed depends on the specialization.
Agriculture Industry
Agriculture is the second largest industry in Texas, with revenues valued at $22.7 billion in 2011. About 12% of the 26 million people living in Texas rely on agriculture for their livelihood. Approximately 90.5% of farms and ranches are family-owned.
Oil Industry
The oil deposits in Texas account for about 1/3rd of the known petroleum supply in the US. The proven reserves are approximately 4.6 billion barrels.
Key Employment Sectors
The financial services industry employs 809,000 people in Texas. Financial activities represent mature sectors that generally grow with the economy. Retail banking has been the strongest growth element.
Construction employs 763,000 people in Texas, constituting 5% of the workforce.
Information technology continues to grow and evolve as technology changes. It is a major employer in Texas.
Industry Growth in Texas
What is the fastest growing industry in Texas?
What is the #1 job producing industry in Texas?