5 of 20
BACK NEXT
Gazprom
Rank: 47
Profits ($millions): $19,269.20
Change from 2006: -5.2%

Profits at Russia's Gazprom fell to $19.3 billion in 2007 after a decline in gas sales in Europe and an increase in energy costs in Central Asia. Yet, Gazprom remains the biggest energy company in the world with revenues of $98.6 billion in 2007.

The company benefited from the Kremlin's increasing grip over the Russian oil and gas industry, which helped drive a buyout of BP's Siberian gas field at knockdown prices. The tenth largest employer in the world has an obvious inside track to the vast Russian reserves.



NEXT: HSBC Holdings
Last updated July 09 2008: 8:24 AM ET
Top 25 Once again, Wal-Mart grabs the No. 1 spot. See which other companies are the largest on the planet. (more)
20 money losersEven giants like General Motors and Merrill Lynch had a rough time in 2007. Here are 20 companies that finished the year in the red. (more)
Which industries rule? The banking industry saw the biggest sales increase, while the airline business saw the biggest jump in profits, with earnings surging 118%. (more)

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.