Rank: 7 (Previous rank: 9)
CEO: Su Shulin Employees: 633,383 Address: 22 Chaoyangmen N. St. Beijing 100728 Country: China Website: www.sinopecgroup.com China’s 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 it’s fossil fuels that boost the bottom line, and Sinopec is likely to get a little relief from Beijing’s 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 Subscribe to Fortune Magazine Is Sinopec a great company, or what?
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| 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 |
