Global 500: The top 25

Wal-Mart retakes the lead on Fortune's annual list of the world's biggest companies. See which other outfits top our list.

Sinopec
17. Sinopec
Global 500 rank: 17 (Previous rank: 23)
2006 Revenues (millions): $131,636
Headquarters: Beijing
Country: China

China's biggest domestic oil refiner is the highest-ranked Chinese company ever on the Global 500. Thanks to the fast-growing Chinese economy's ravenous need for fuel and some generous state subsidies, Sinopec's revenues grew 33%, and profits grew 39%. But because gasoline prices are capped in China, it earned only $3.7 billion in profits on sales of $132 billion. Sinopec's leaders are lobbying Beijing to lift the price controls.

See more Global 500 data for Sinopec

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