5 of 500
5. Sinopec Group
Sinopec Group
Rank: 5 (Previous rank: 7)
CEO: Fu Chengyu
Employees: 640,535
Address: 22 Chaoyangmen N. St.
Beijing  100728
Country: China
Website: www.sinopec.com

China's largest oil producer and refiner continues to grow. Indeed, it's becoming increasingly difficult to tell the difference between Sinopec (which is also known as China Petroleum and Chemical Corp.) and major multinational oil and gas companies.

But unlike Sinopec's multinational competition, the Chinese national oil company is more vulnerable to fluctuations in oil price margins because of pressure from the Chinese government to not raise domestic energy prices.

That hurdle aside, Sinopec is growing at a rapid clip and it continues to form partnerships with national and multinational oil companies worldwide. In 2010, the company signed on to nine new projects overseas, which include Canadian oil sands development, offshore oil projects in Brazil, and the construction of a new polypropylene plant in Kazakhstan. --S.D.

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Is Sinopec Group a great company, or what?
  $ millions % change from 2009
Revenues 273,421.9 45.8
Profits 7,628.7 32.5
Assets 225,388.2 --
Stockholders' equity 76,539.2 --
Profits as % of  
Revenues 3
Assets 3.4
From the July 25, 2011 issue
Government owned 50% or more.
Excise taxes have been deducted.
Editor's note: Chrysler Group was erroneously omitted from the Global 500 listing. With revenue of $41.9 billion, Chrysler ranks No.205 among all the companies in the world and 61st in the U.S. As a result, Bristol-Myers Squibb, which had ranked No.500, falls off the list. Updates may be found for the full list, rankings by country, and the list of arrivals. Fortune regrets the error.
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Rank # of Global 500 Companies
U.S. 133
Japan 68
China 61
Company 2010 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,674,541
State Grid 1,564,000
Company 2010 Profits
($ millions)
Nestlé $32,843
Gazprom $31,895
Exxon Mobil $30,460
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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