5 Biggest Chinese State-owned Companies

3. Sinopec Group

Annual Revenue 2021: $401.3 billion

Wholly owned by the SASAC, Sinopec Group is one of China’s largest integrated energy and chemical corporations. For the past 24 years, Sinopec Group has been a Fortune Global 500 company. The company’s primary businesses include petroleum and natural gas exploration and production, transportation, and marketing. It is also involved in the value chain of chemical goods such as refinery products, petrochemical products, coal chemical products, and synthetic fiber.