No 1 Sinopec Group
Fortune Global 500 2014 rank: 3
Revenue: $457,201.1 million
Profit: $8,932.1 million
The oil and gas producer in China has enjoyed a 6.8 percent growth in sales since 2012, primarily due to its extensive distribution network in the country.
Reports say Sinopec, also called China Petroleum & Chemical, is getting about 50,000 barrels a day. The goal is to increase the production to 135,000 barrels per day.
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People visit the stand of Sinopec during the 17th China Chongqing International Investment and Global Sourcing Fair in Chongqing, China, May 18, 2014. [Photo/IC] |
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