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Latin 500: Big Means Really Big When it Comes to the Top Companies in Latin America

Taking into account a presumed drastic revenue decline at Petróleos de Venezuela in 2009 — whose official financial report had not been released at press time and therefore is not ranked — the top three state-run oil companies generated some $264 billion in sales. This figure equals the combined revenue of the next 18 companies on the Latin 500 list of largest corporations in Latin America. And no private-sector company is likely to come close to these oil firms in the near future.
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