Houston’s Fortune 500 Companies Face Significant Market Value Loss Amid Tariff Announcements
Houston’s Fortune 500 companies have suffered a collective market value loss of $167 billion following President Trump’s tariff announcements. Exxon Mobil faced the largest decline, while energy sector giants like APA Corporation and Schlumberger also experienced significant share price drops. Despite these challenges, companies such as Sysco and Group 1 Automotive demonstrated relative resilience in the face of market turbulence. Houston’s corporate giants are strategically navigating the fluctuating economic landscape to ensure long-term growth amidst ongoing global trade challenges.