(Beijing time) On August 2, Fortune magazine unveiled the 2021 Global Fortune 500 list. The newly-reorganized Shandong Energy Group ranked the 70th with an operating revenue of USD97.86 billion for the year 2020! It is also the 25th among 143 Chinese companies found on the list.

It is worth mentioning that the former Yankuang Group and the former Shandong Energy Group were merged and reorganized into the current new Shandong Energy Group on July 13, 2020. On the 2020 Fortune Global 500 list, the former Shandong Energy Group ranked the 212th, with an annual revenue of USD 51.892 billion for the year 2019, while the former Yankuang Group was rated the 295th for an operating revenue of USD 41.323 billion for the year 2019.