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Seven Houston companies make Fortune Global 500 list
Economy
Published in 22-7-2016
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Seven Houston-based companies earned spots on the Fortune Global 500 ranking of the world's biggest companies by revenue, even as sales fell sharply for all but one. Fortune, which ranks the companies by revenue in 2015 or their latest fiscal year, noted lower sales were the norm on this year's list. A slowdown in China's economy and sustained low oil prices were factors in the decline in revenue, the first since 2010. Plains GP Holdings fell the most, moving down 211 spots to No. 460, after seeing its revenue fall 47 percent to $23.2 billion.

Reference: www.chron.com