< PrevNext > 26. Wells Fargo San Francisco Share 2017 U.S.-Booked Air Volume: $130 million2017 Global T&E: $687 millionConsolidated Global TMC: HRGFinancial services and banking firm Wells Fargo is in the midst of a companywide cost-containment effort, and it is seeing the results of that effort in its travel spend. BTN estimates its U.S.-booked air travel spend declined more than 20 percent in 2017. That decline tracks with drops in other travel spend, as well. Wells Fargo spent about $704 million companywide on travel and entertainment in 2016, and that figure dropped to $687 million in 2017. The carbon dioxide equivalent produced by Wells Fargo's business air travel declined by almost 12 percent in 2017 to 96,950 metric tons.The company's travel policy now reflects its drive to contain costs. It recently introduced pretrip approval requirements for certain types of high-cost or international travel and for bookings with air carriers and hotels outside Wells Fargo's roster of preferred suppliers. Further actions to reduce travel are expected.Wells Fargo in 2017 recorded $88.4 billion in revenue, up slightly from $88.3 billion one year earlier. The company at the end of 2017 had 262,700 full-time equivalent employees, down from 269,100 on year prior. Wells Fargo's preferred global travel management company, HRG Worldwide, was purchased by American Express Global Business Travel in 2018.