On July 13th, Fortune magazine published the newest Global 500 list. Sinochem, with the turnover of US$ 21.089 billion, stand among the list as 304th for the 16 times in history.
23 Chinese local companies were selected in the list. 19 are in Chinese mainland, 3 in Taiwan, and 1 in Hong Kong. Apart from Sinochem, other 18 Chinese Mainland corporations are: Sinopec, State Grid, Petrochina, ICBC, China Mobile, China Life Insurance, Bank of China, Southern Grid, China Construction Bank, China Telecom, Baosteel, China Agriculture Bank, China Railway Engineering, COFCO, FAW, SAIC, China Railway Construction, China Construction.
ExxonMobil excelled Walmart to become the world largest corporation with the revenue of US$ 339.938 billion. Due to the highflying oil price, five oil companies entered the top 10.