6 of 500
6. China National Petroleum
China National Petroleum
Rank: 6 (Previous rank: 10)
CEO: Jiang Jiemin
Employees: 1,674,541
Address: 9 Dongzhimen N. St.
Beijing  100007
Country: China
Website: www.cnpc.com.cn

China's appetite for energy seems almost insatiable, and the nation's largest oil company continues to rush to meet the country's needs. China National Petroleum made a profit in 2010, and it claims that it was able to add new oil and gas reserves to its portfolio quickly enough to keep the company flush with fuel.

Part of CNPC's strength comes from its partnerships with governments of oil-rich countries and the multinational companies that operate there. CNPC is working with Russia, Venezuela, Iraq and Qatar, and it has partnered with BP, Total and Shell. Like Sinopec, CNPC is starting to look more and more like a multinational energy company itself. --S.D.

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  $ millions % change from 2009
Revenues 240,192.4 45.1
Profits 14,366.9 39.9
Assets 399,101.1 --
Stockholders' equity 211,793.0 --
Profits as % of  
Revenues 6
Assets 3.6
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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