5. China National Petroleum
Another state-run company out of China, China National Petroleum was one of the highest-earning companies before the crises hit 2020. We’ll have to wait and see which companies will be the highest-companies coming out. In 2019, China National Petroleum grossed $364,100,000,000 by conducting its business exploring and developing oil fields.
While the Chinese communist state owns the company, like other energy companies in China, it has also been conducting business internationally. China National Petroleum has been exploring and developing oil fields in countries known to be rich in black gold, including Russia, Turkmenistan, Azerbaijan, Oman, Sudan, Venezuela, and Peru. Yet as the world is trying to move away from fossil fuels and develop renewable energy sources, the fate of China National Petroleum may come into question.