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No 2 China National Petroleum

Fortune Global 500 2014 rank: 4

Revenue: $432,007.7 million

Profit: $18,504.8 million

Along with competitor Sinopec, China National Petroleum, also known as PetroChina, rose a spot this year after posting a 5.7 percent increase in sales. With a 30-year deal for Russian gas signed in May, the State-owned company is in a good spot for future growth.

China National Petroleum [File photo]

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