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. Last Updated: 07/27/2016

12 Russian Companies Make Forbes List of World's Biggest

Twelve Russian companies are among the world's biggest 2,000, led by Gazprom at No. 87, according to Forbes magazine's annual ranking of the world's top 2,000 companies.

The ratings are based on a composite of sales, profits, assets and market value. A company's rank in each category is added up and divided by four.

Forbes put Gazprom's revenues last year at $19.21 billion, its profit at $3.81 billion, its assets at $77.15 billion and its market capitalization at $36.28 billion.

Yukos, despite having $39.81 billion worth of outstanding shares, according to Forbes, and despite being the country's most profitable company, posting a profit of $3.04 billion last year on revenues of $10.86 billion, is ranked only fourth in Russia. That is because of the relatively low value of its assets, which the periodical put at $14.21 billion, or about one-fifth of Gazprom's.

LUKoil is No. 2 in Russia and 184th in the world, while Unified Energy Systems is No. 3 and No. 199, respectively.

The other eight Russian companies in the list, in descending order, are Surgutneftegaz, Sberbank, Sibneft, Norilsk Nickel, Tatneft, Severstal, Vimpelcom and AvtoVAZ.

The United States, the powerhouse of the world economy, dominated the list with 751 companies, or three-eighths of the total. Seven of the world's 10 largest firms are American, including the top four: Citigroup, General Electric, the insurer AIG and ExxonMobil.