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U.S. 153
Japan 64
France 39
U.S. Postal Service 785,929
Sinopec 634,011
Hon Hai Precision Industry 550,000
Exxon Mobil $40,610
Royal Dutch Shell $31,331
General Electric $22,208
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16. Sinopec
Sinopec
Rank: 16 (Previous rank: 17)
CEO: Su Shulin
Employees: 634,011
Address: A6 Huixindong St.
Beijing  100029
Country: China
Website: www.sinopecgroup.com.cn
The world’s third-largest oil refiner by capacity raised profit to $4.17 billion in 2007, a 12.5% increase from a year ago. The oil giant greatly expanded its exploration and production resources as a long-term strategy.

Last year, the discovery of natural gas resources in China’s southwest fueled Sinopec’s gas output growth. Though the Chinese government lifted the prices of gasoline, diesel and other fuels in November 2007 and June 2008, Sinopec had to absorb refining costs as oil prices skyrocketed. In addition, Sinopec reassigned a new chairman, Su Shulin, to replace former Chairman Chen Tonghai, who resigned for personal reasons.
Revenues 159,259.6 21.0
Profits 4,165.8 12.5
Assets 136,302.6
Stockholders' equity 48,415.9
Revenues 3
Assets 3
1 Exxon Mobil 2 372,824.0
2 Royal Dutch Shell 3 355,782.0
3 BP 4 291,438.0
4 Chevron 6 210,783.0
5 Total 8 187,279.5
6 ConocoPhillips 10 178,558.0
7 Sinopec 16 159,259.6
8 China National Petroleum 25 129,798.3
9 ENI 27 120,564.7
10 Valero Energy 49 96,758.0
11 Statoil Hydro 59 89,223.9
12 Petrobras 63 87,735.0
13 SK Holdings 86 70,716.9
14 Lukoil 90 67,205.0
15 Repsol YPF 92 67,006.4
16 Petronas 95 66,218.2
17 Marathon Oil 108 60,044.0
18 Indian Oil 116 57,427.0
19 Nippon Oil 117 57,049.2
20 PTT 135 51,192.5
21 Sunoco 168 42,101.0
22 Rosneft Oil 203 36,184.0
23 Reliance Industries 206 35,914.9
24 Nippon Mining Holdings 215 35,139.5
25 Hess 240 31,924.0
26 Idemitsu Kosan 262 29,843.9
27 GS Holdings 267 29,476.7
28 Bharat Petroleum 287 27,872.8
29 Hindustan Petroleum 290 27,717.9
30 OMV Group 295 27,432.8
31 Cosmo Oil 302 26,568.0
32 Cepsa 313 25,853.2
33 CPC 324 24,808.0
34 Tesoro 388 21,675.0
35 Formosa Petrochemical 395 21,343.8
36 Petro-Canada 430 19,788.8
37 Murphy Oil 456 18,439.1
38 PKN Orlen Group 477 17,567.3
39 Galp Energia 484 17,331.3
From the July 21, 2008 issue
Government owned 50% or more.
Revenues: excise taxes have been deducted.
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