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3 Chinese firms break Fortune 500's top 10

3 Chinese firms break Fortune 500's top 10

Write: Varsha [2011-05-20]

Sinopec and two other energy conglomerates, the State Grid and China National Petroleum, made it to the top 10 of this year's Fortune 500 list. Sinopec is China's largest refiner.

Walmart wins back the top crown with revenues exceeding $408 billion. Royal Dutch Shell ranks second with revenues surpassing $285 billion. Exxon Mobil comes the third with revenues nearing $285 billion.

Sinopec ranks seventh on the list, followed by the State Grid, China's largest power grid operator. China National Petroleum is 10th on the list.

A total of 54 Chinese companies made it onto the list this year.

Top 10 of this year's Fortune 500 list

RankCompanyRevenues ($ millions)Profits ($ millions)1Wal-Mart Stores408214143352Royal Dutch Shell285129125183Exxon Mobil284650192804BP246138165785Toyota Motor20410622566Japan Post Holdings20219648497Sinopec18751857568State Grid184496-3439AXA175257501210China National Petroleum (CNPC)16549610272

54 Chinese firms make Fortune 500 world list

RankCompanyRevenues ($ million)Profit ($ million)7Sinopec187,5185,7568State Grid184,496-34310China National Petroleum165,49610,27277China Mobile Communications71,74911,65687Industrial & Commercial Bank of China69,29518,832112Hon Hai Precision Industry59,3242,292116China Construction Bank58,36115,628118China Life Insurance57,0193,125133China Railway Construction52,044960137China Railway Group50,7041,008141Agricultural Bank of China49,7429,514143Bank of China49,68211,868156China Southern Power Grid45,735250182Dongfeng Motor39,402720187China State Construction Engineering38,117839203Sinochem Group35,577659204China Telecommunications35,557581223Shanghai Automotive33,6291,070224China Communications Construction33,465704242Noble Group31,183556252China National Offshore Oil30,6803,634254Citic Group30,6052,766258China FAW Group30,2371,382275China South Industries Group28,757274276Baosteel Group28,5911,448281Cathay Life Insurance28,31581302Hutchison Whampoa26,9381,828312COFCO26,098629313China Huaneng Group26,01939314Hebei Iron & Steel Group25,924135315China Metallurgical Group25,868412327Quanta Computer25,429676330Aviation Industry Corp of China25,189767332China Minmetals24,956299348China North Industries Group24,150456352Sinosteel24,01442356Shenhua Group23,6053,278368China United Network Communications23,183459371People's Insurance Co of China23,116150382Jardine Matheson22,5011,604383Ping An Insurance22,3742,032395China Resources National21,902995397Huawei Technologies21,8212,672412China Datang Group21,460-282415Jiangsu Shagang Group21,419377428Wuhan Iron & Steel20,543174431Compal Electronics20,448582434CPC20,2531,140436Aluminum Corp of China19,851-622440Bank of Communications19,5684,409452Formosa Petrochemical19,2041,187465Asustek Computer18,474378477China Guodian17,87132487Acer17380344

3 Chinese firms break Fortune 500's top 10

Wal-Mart Stores [Agencies]

Rank Revenues 1 $408,214 million

3 Chinese firms break Fortune 500's top 10

Royal Dutch Shell [Agencies]

Rank Revenues2 $285,129 million

3 Chinese firms break Fortune 500's top 10

Exxon Mobil[Agencies]

Rank Revenues3 $284,650million

3 Chinese firms break Fortune 500's top 10BP [Agencies] Rank Revenues4 $246,138 million

3 Chinese firms break Fortune 500's top 10

Toyota Motor [Agencies]

Rank Revenues5 $204,106 million

Japan Post Holdings

3 Chinese firms break Fortune 500's top 10 Rank Revenues6 $202,196 million

3 Chinese firms break Fortune 500's top 10

Sinopec [Agencies]

Rank Revenues7 $187,518million

3 Chinese firms break Fortune 500's top 10

State Grid [Asianewsphoto]

Rank Revenues8 $184,496 million

3 Chinese firms break Fortune 500's top 10

AXA [Agencies]

Rank Revenues9 $175,257million

China National Petroleum (CNPC)

3 Chinese firms break Fortune 500's top 10

China National Petroleum (CNPC) [Asianewsphoto]

Rank Revenues10 $165,496 million