2. Sinopec Group
Sinopec, or China Petroleum and Chemical Corporation, is a company you may have never heard of but that’s out-earning almost every other company in the world. In 2019, the state-owned oil and gas exploration and refining giant grossed $369,200,000,000. However, appearances can be deceiving, given that its former president received the death penalty in 2009 for bribery.
The future of Sinopec Group, along with other petroleum companies, is certainly in question, given concerns over the environmental crisis and climate change. Many are choosing to divest from oil and gas and invest their money elsewhere. Nevertheless, China has a history of surprising the world with its industrial durability and ability to master the state-run communist economy.