4 of 500
Sinopec Group
Sinopec Group
4
Rank: 4
Previous rank: 5
CEO: Fu Chengyu
Employees: 1,015,039

China's largest oil and gas producer moves up a notch on Fortune's Global 500 list. The company continues to grow despite peculiar circumstances -- it looks, in many ways, like a multinational, except it's exposed to the Chinese government's control over oil and gas prices.

Sinopec, also known as China Petroleum & Chemical Corp., posted a 25% increase in first-quarter net profits in April, beating out competitor PetroChina thanks to Sinopec’s extensive distribution network in the country. It’s also acquiring aggressively outside China -- this past June, Sinopec bought Marathon Oil's stake in an Angolan oil and gas field, which should boost its production by 14,600 barrels-per-day.

Headquarters:
22 Chaoyangmen N. St.
Beijing. 100728
China
86-10-5996-0114
Website: www.sinopec.com
Key financials
$ millions
% change from 2011
Revenues
428,167
14.1
Profits
8,221
-13.0
Assets
314,082
Stockholder's equity
102,165
Profits as % of
Revenues
1.9
Assets
2.6
From the July 22, 2013 issue

Notes:
Government owned 50% or more.
Excise taxes have been deducted.
What do you think of Sinopec Group?
10 Non-native CEOs

Meet these non-native Global 500 chief execs who have beaten the odds and climbed to the top of their org charts.

Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2013. All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year. Fortune does not restate the prior year’s figures for changes in accounting. More
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.