China's top 10 companies

Energy, power and banking lead the list of the nation's - and some of the world's - biggest companies.

1 of 10
1. Sinopec
2008 sales: $208 billion

China Petroleum & Chemical Corp., known more briefly as Sinopec, supplies 80% of China's fuel and is Asia's biggest oil refiner.

Lower oil prices earlier this year helped Sinopec, which has to buy its oil before converting it to fuel. It posted record earnings in the second quarter, and said relaxed government rules could help future earnings.

Since the 1950s, Chinese government regulations had prevented Sinopec and other refiners from raising fuel prices when oil spiked in an effort to combat inflation. But new rules put in place in January call for a market-based system to determine pricing.

NEXT: China National Petroleum
Last updated October 21 2009: 11:01 AM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all RSS FEEDS (close)
More Galleries
5 biggest share buybacks of 2014 Stock repurchases are booming. These five companies are ready to spend over $79 billion on buybacks. More
10 horrifying corporate mascots McDonald's Happy is part of a long lineage of creatures great and small that shill for products and mortify consumers. Mr. Mucus, anyone? More
5 best cities to launch a career The top spots in the U.S. for new grads to land a job -- and actually enjoy life -- according to financial site WalletHub. 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.