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22. Gazprom
Rank: 22 (Previous rank: 47)
CEO: Alexei B. Miller
Employees: 456,000
Address: 16 Nametkina St.
Moscow,   117997
Country: Russia
Website: www.gazprom.com

As the world's largest producer of natural gas, the Russian state-controlled energy giant saw its share price tumble 75% when natural gas prices fell after five years of highs. The company ended 2008 with about $50 billion in debt and recently said it plans to cut capital spending by 22% to $16 billion. But it's investing billions of dollars into new fields on the Yamal Peninsula in an effort to tap unused, remote areas. Gazprom ended the year in a nasty dispute (again) with Ukraine over natural gas bills that left many people in Europe literally shivering.

  $ millions % change from 2007
Revenues 141,454.7 51.3
Profits 29,864.1 16.1
Assets 234,765.6
Stockholders' equity 150,814.3
Profits as % of  
Revenues 21.1
Assets 12.7
Industry: Energy
Rank Company Global 500
($ millions)
1 Gazprom 22 141,454.7
2 E.ON 26 127,277.7
3 GDF Suez 53 99,419.1
4 Rwe 89 71,850.8
5 Ko Holding 172 44,167.9
6 GasTerra 227 35,059.1
7 Korea Gas 438 21,075.8
8 Marquard & Bahls 462 19,851.1
9 Gas Natural SDG 464 19,824.2
10 Constellation Energy 465 19,818.3
11 AREVA 480 19,308.9
From the July 20, 2009 issue
Figures prepared in accordance with International Accounting Standards.
Government owned 50% or more.
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Rank # of Global 500 Companies
U.S. 140
Japan 68
France 40
Company 2008 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,618,393
State Grid 1,537,000
Company 2008 Profits
($ millions)
Exxon Mobil $45,220
Gazprom $29,864
Royal Dutch Shell $26,277
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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