| Company | 2007 Number of Employees |
|---|---|
| U.S. Postal Service | 785,929 |
| Sinopec | 634,011 |
| Hon Hai Precision Industry | 550,000 |
| Company | 2007 Profits ($ millions) |
|---|---|
| Exxon Mobil | $40,610 |
| Royal Dutch Shell | $31,331 |
| General Electric | $22,208 |
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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Industry: Petroleum Refining
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