7 of 500
7. Sinopec
Rank: 7 (Previous rank: 9)
CEO: Su Shulin
Employees: 633,383
Address: 22 Chaoyangmen N. St.
Beijing  100728
Country: China
Website: www.sinopecgroup.com
Chinaís second-largest refining and gas company is trying to get a little greener in the new decade. In 2009, China Petrochemical Corp., also known as Sinopec Group, cut its CO2 emissions by 16.3%, meeting its energy-saving goal a year earlier than planned. The company is also actively exploring alternative and renewable energy sources.

But itís fossil fuels that boost the bottom line, and Sinopec is likely to get a little relief from Beijingís ease on gasoline price controls, which had been raised several times in the last year to reflect higher costs in the oil industry.

-- Mary Jo A. Pham

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Is Sinopec a great company, or what?
  $ millions % change from 2008
Revenues 187,517.7 -9.8
Profits 5,755.6 193.5
Assets 188,793.1 --
Stockholders' equity 63,506.9 --
Profits as % of  
Revenues 3.1
Assets 3
From the July 26, 2010 issue
Government owned 50% or more.
Excise taxes have been deducted.
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 Based in U.S.

Rank # of Global 500 Companies
U.S. 139
Japan 71
China 46
Company 2009 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,649,992
State Grid 1,533,800
Company 2009 Profits
($ millions)
Gazprom $24,556
Exxon Mobil $19,280
Industrial & Commercial Bank of China $18,832
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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