Saturday, January 29, 2011

'Top 100' Oil Rankings Heavy on Houston Firms

by Barrett Goldsmith, Houston Business Journal, Dec 3, 2010
The 2011 Energy Intelligence Top 100 rankings are heavy on Asian, Russian and Middle Eastern state-owned oil firms, but there is still no question about the nerve center of the global industry, as the Houston area is home to no fewer than 10 of the top 100 firms in the world.

The list, released ... by market research and news firm Energy Intelligence Group Inc., ranks companies in six categories including production and reserves of both oil and gas, as well as sales and refining capacity.

Houston companies on the list include No. 8 ConocoPhillips (NYSE: CPC); No. 32 Marathon Oil Corp. (NYSE: MRO); No. 41 Apache Corp. (NYSE: APA); No. 46 Anadarko Petroleum Corp. (NYSE: APC); No. 60 EOG Resources Inc. (NYSE: EOG); No. 74 Noble Energy Inc. (NYSE: NBL); No. 90 Southwestern Energy Co. (NYSE: SWN); No. 91 Newfield Exploration Co. (NYSE: NFX); No. 98 Ultra Petroleum Corp. (NYSE: UPL) and No. 100 El Paso Corp. (NYSE: EP).
Irving-based ExxonMobil Corp. (NYSE: XOM) was the only non-government oil major to crack the top five, ranked at No. 3. State-owned Saudi Arabian oil behemoth Saudi Aramco topped the list, followed by the National Iranian Oil Co. at No. 2; with Petroleos de Venezuela at No. 4 and the Chinese National Petroleum Corp. at No. 5. [U.K.'s BP retained its spot as the No. 6. Rounding out the Top 10 are, in order, Royal Dutch Shell of the Netherlands/UK, Chevron, ConocoPhillips and Total of France. -- According to the SPA. Actually, ConocoPhillips ties Chevron for No. 8 spot. Compare current--for 2009--Top 10 rankings to previous--for 2008--PIW's rankings here, including my remarks -- D.R.] Read full

(‘Energy Intelligence Top 100: Ranking the World’s Oil Companies,’ incorporates the Petroleum Intelligence Weekly (PIW) Top 50. Asia’s government-controlled national oil companies (NOCs) are increasingly dominant. ‘Energy Intelligence Top 100’ is the only oil company ranking that measures Asian and other government-controlled national oil companies (NOCs) side by side with privately controlled international oil companies (IOCs). This year 41 NOCs and 59 IOCs made the list. Malaysia’s Petronas (17), China’s CNOOC (38) and Thailand’s PTT (53) have been among the fastest rising companies in recent years. Korea’s National Oil Corp. (KNOC) made it back onto the list in this edition, landing at 77 following its acquisition of Canadian assets. Yet even more dramatic was the ascent of India’s Reliance Industries, which jumped a remarkable 26 spots to land at 40. Its success is the result of significant increases in both gas production and distillation capacity. The Top 100 control 87% of the world's oil reserves and 72% of its gas reserves. Rankings are based on operating metrics rather than more traditional measurements such as market capitalization or revenues. PIW's current ranking is based on operational data for 2009. Also, it is worth noting that an astonishing 48 companies appearing in the 1997 Top 100 have disappeared from the rankings due almost entirely to M&A. Read more >> Business Wire. On October 22, 2009, KNOC signed the contract to acquire Calgary-based Harvest Energy Corp. for US$3.95 billion, which has about 200 million barrels of oil and gas production fields, oil sands property, and concluded the deal on December 22, 2009. PetrĂ³leo Brasileiro/Petrobras retained its spot as the No. 15, in the 2011 PIW's ranking for 2009. Update: also, please see PIW's Dec 2011 company rankings for 2010, here.  -- D.R.) 

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