Rank: 7 (Previous rank: 8)
CEO: Liu Zhenya Employees: 1,564,000 Address: 86 Xichang'an Ave. Beijing 100031 Country: China Website: www.sgcc.com.cn China's top power company is expanding along with the nation's growing energy needs, moving up one spot to No. 7 from last year's Global 500 list. Founded in 2002, the company claims it now supplies energy to over a billion people across 26 Chinese provinces. State Grid is also investing heavily in gathering consumer energy use data via smart meters. The company purchased 70% of the 17.4 million smart meter units shipped worldwide in the first quarter of 2011, according to energy research firm Pike Research. --S.D. Subscribe to Fortune Magazine Is State Grid a great company, or what?
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| Company | 2010 Number of Employees |
|---|---|
| Wal-Mart Stores | 2,100,000 |
| China National Petroleum | 1,674,541 |
| State Grid | 1,564,000 |
| Company | 2010 Profits ($ millions) |
|---|---|
| Nestlé | $32,843 |
| Gazprom | $31,895 |
| Exxon Mobil | $30,460 |
