Rank: 22 (Previous rank: 47)
CEO: Alexei B. Miller
Address: 16 Nametkina St.
As the world's largest producer of natural gas, the Russian state-controlled energy giant saw its share price tumble 75% when natural gas prices fell after five years of highs. The company ended 2008 with about $50 billion in debt and recently said it plans to cut capital spending by 22% to $16 billion. But it's investing billions of dollars into new fields on the Yamal Peninsula in an effort to tap unused, remote areas. Gazprom ended the year in a nasty dispute (again) with Ukraine over natural gas bills that left many people in Europe literally shivering.
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|Company||2008 Number of Employees|
|China National Petroleum||1,618,393|