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Japan’s largest oil refiner fell 37 spots from last year’s Global 500 after the company’s 2014 revenue sank by 12.3%. JX Holdings also reported its largest annual loss ever—more than $2.2 billion—last year, thanks to plummeting demand for oil in Japan. JX has a plan in place to cut spending by nearly 25% over three years and the company is considering other strategic options, including potential mergers or even a shift away from oil-based products.

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Company Information

CEO
Yukio Uchida
Industry
Petroleum Refining
Sector
Energy
HQ Location
Tokyo, Japan
Websitehttp://www.hd.jx-group.co.jp
Years on List21
Figures are for fiscal year ended March 31, 2015.

Key Financials (last fiscal year)

($ Millions)% change
Revenues87,779.9-20.9%
Profits-2,521.3-336.0%
Assets61,908.1-
Employees26,415-

Profits as a % of

Profit as % of Revenues-2.9%
Profits as % of Assets-4.1%
Profits as % of Stockholder Equity-18.6%