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10. Sinopec | Top 10 BRIC companies

China's number one oil refiner.

Market capitalisation: $69 billion

Sinopec was the first Chinese company to make the Fortune 500, having already topped its top 500 Chinese Enterprises list in 2007.

Yet another state-owned Chinese giant, Sinopec is the country's second largest oil producer behind market leading Petrochina.

Sinopec has shown its ambition by announcing that it would spend $4.65 billion to buy up ConocoPhillips stake in a huge oil project in the sands of northern Canada. The venture will be one of the largest ever by a Chinese company in North America.

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