Valero Energy Corp. landed at No. 23 in Fortune magazine’s new ranking of the nation’s 100 fastest-growing companies. The San Antonio refiner was the city’s only showing on the list, which includes 26 Texas companies — the most from any state. California ranked second as the home to eight headquarters of companies on the list. Tesla Inc., the Austin-based manufacturer of electric vehicles and batteries, dropped to 42nd from No. 2 a year ago.
All of the companies on the list trade on a U.S. stock exchange, report their data in U.S. dollars, and file SEC quarterly reports. While energy companies overall had the largest presence, the top company was in the transportation sector. London-based TORM, which owns and operates tankers for transporting refined oil products and chemicals, was No. 1. Pennsylvania-based Consol Energy Inc. was No. 2. California-based e.l.f Beauty Inc. and Super Micro Computer Inc. were No. 3 and No.