Global 500 rank: 24 (Previous rank: 39)
2006 Revenues (millions): $110,520
Headquarters: Beijing
Country: China
CNPC is a Chinese state-owned company responsible for fossil-fuel extraction. While most of its oil is produced domestically, it has been aggressive overseas, especially in Africa. In Sudan, CNPC produces 226,000 barrels per day, or about 3% of China's total demand. Thanks to a 52% increase in foreign production last year, revenues were up 32% to $110.5 billion.
See more Global 500 data for China National Petroleum
24. China National Petroleum
|  Old-economy outfits top Fortune's annual Global 500 list, thanks to rising oil prices and a slew of mergers that drove record profits. (more)  Exxon Mobil leads our list of top earners this year. Which other companies are among the most profitable on the planet? (more)  Which automaker lost a whopping $12.6 billion last year? And just how far into the red are stalwarts like Goodyear and Tyson Foods? (more) |
