2013 Ranking of the World's Biggest Oil Companies - Forbes

by David Rachovich

World's Top 20 Oil Companies 

Rank 2013	Rank 2003	Company	Production Volumes (in million barrels of oil equivalent – BOE - per day)* 2013 ranking	Production Volumes (in million barrels of oil equivalent – BOE - per day)* 2003 ranking
1.	1.	Saudi Aramco (Saudi Arabia)	12.7	9.9
2.	2.	Gazprom (Russia)	8.1	9.5
3.	3.	NIOC (Iran)	6.1	4.9
4.	4.	ExxonMobil Corp. (USA)	5.3	4.6
5.	N/A	Rosneft (Russia)	4.6	N/A
6.	6.	Royal Dutch/Shell (NL/UK)	4.0	4.1
7.	9.	PetroChina (China)	3.9	2.5
8.	5.	Pemex (Mexico)	3.6	4.2
9.	8.	Chevron Corp. (USA)	3.5	3.2
10.	12.	KPC (Kuwait)	3.4	2.3
11.	7.	BP (UK)	3.1	3.9
12.	10.	Total (France)	2.6	2.4
13.	N/A	Petrobras (Brazil)	2.5	~1.5
14.	N/A	QP (Qatar)	2.4	1.4
15.	14.	ADNOC (UAE)	2.4	1.82
16.	15.	Lukoil (Russia)	2.3	1.8
17.	20.	MoO (Iraq)	2.22	1.6
18.	11.	Sonatrach (Algeria)	2.19	2.36
19.	18.	PDVSA (Venezuela)	2.1	1.6
20.	19.	Statoil (Norway)	2.0	1.6

*Working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.

Source: Christopher Helman, "The World's Biggest Oil Companies  2013," Forbes, November 17, 2013

(Please see my previous post: "Mid 2012 Ranking of the World's Biggest Oil & Gas Companies -- Forbes." Also, please see the world's largest oil and gas companies by oil and gas production, oil and gas reserves, product sales and refinery distillation capacity, i.e., PIW rankings: "Energy Intelligence announces the PIW Top 50 ranking of the world's largest oil companies." And the PFC Energy ranking of the biggest publicly-traded energy companies, based mainly on capital market performance: "PFC Energy 50 Ranking of World’s Top Energy Companies." Furthermore, please see Platts Top 250 Global Energy Company Rankings/my post incl update, which reflect fiscal year financial performance of companies in four key areas: asset value, revenues, profits and return on invested capital/ROIC. -- D.R.)

East Africa Set for Major Gas, Oil Transformation

By Jacinta Moran in Cape Town; Edited by Jeremy Lovell, Platts, Jul 12, 2012
Oil and gas activity has started rolling in East Africa, as drilling activity ramps up, long-awaited deals are sealed and oil companies scramble to get a slice of what could be an energy goldmine. (see related map: East Africa oil and gas resources) [or right here below

click on map to enlarge -- D.R.]

In Uganda, Tullow Oil has resolved a long-standing dispute with the government for the development of a number of oil-rich blocks, and the UK-listed explorer has also made Kenya's first ever major oil discovery.

Significant gas reserves have been found in Mozambique and Tanzania, where LNG facilities are now been planned. Drilling will kick off in Ethiopia later this year, while Madagascar is believed to hold significant reserves of gas and the Puntland region of Somalia is also showing positive signs. [Read more]

(Also, please see my posts "East African Oil & Gas" and "Third Tanzanian Gas Discovery for Ophir-BG. For gas reserves, please see "Wood Mackenzie: East Africa’s Yet-to-Find Reserves Hold 95 tcf of Gas," OffshoreEnergy Today.com, Aug 22, 2012---Recent discoveries and high profile M&A activity in Mozambique and Tanzania are attracting attention and Martin Kelly, Wood Mackenzie’s Head of Sub-Sahara Upstream Research, says the interest is justified: “100 tcf of gas has been discovered to date in East Africa and we estimate yet-to-find reserves could be as much as 80 tcf in Mozambique and 15 tcf in Tanzania. There is clearly plenty of gas to supply the likely commercialization route of LNG – theoretically enough to support up to 16 LNG trains. “The Rovuma basin is the most prolific in the region, and one of the hottest conventional gas plays in the world, with 85 tcf discovered so far. Globally in 2011, it yielded the third most hydrocarbons, and we expect it to top the list in 2012 if the first half of the year is anything to go by,” Kelly continues. Update:  East Africa may be the new hotspot for explorers but the region will first need to invest in infrastructure to develop and transport the products for domestic and international consumption. The region's regulatory and infrastructure gaps could hinder the transition from gas exploration to production in the medium term, while governments need to be more realistic about timeframes for revenue flows, delegates heard at an industry conference in London on October 2, 2012. [...] Total now expects first commercial oil in Uganda in 2017, a year later than originally expected. The French major entered Uganda's nascent industry early this year after it and China's CNOOC took a third of Tullow's assets for $2.9 billion---please see Jacinta Moran "East Africa Faces Energy Infrastructure Issue," Platts, Oct 4, 2012 -- D.R.)
 

Argentina's Senate Approves Bill to Expropriate YPF

by OGJ editors, OGJ, Houston, Apr 26, 2012
Argentina’s Senate voted in approval of Argentina President Cristina Fernandez de Kirchner's bill to expropriate YPF SA, and the Lower House of Congress is expected to vote on the measure next week. YPF was a state-run company until it was [fully] privatized in 1999. [Please see remarks below -- D.R.]

Kirchner asked Congress to renationalize YPF by expropriating 51% of it from Repsol YPF SA, which holds 57% of the company [thus slashing Repsol's stake to 6.4% -- D.R.]. She has said YPF underinvested in exploration and production, forcing Argentina to become a net energy importer. [Please see remarks below -- D.R.]

Repsol has vowed to take legal action, saying YPF invested about $3 billion in 2011 and that the company was the biggest investor in Argentina’s oil and gas industry.

“The unlawful expropriation of YPF does not affect the growth capacity of any of Repsol’s businesses outside Argentina,” Repsol said (OGJ Online, Apr. 17, 2012).

The Argentina Senate voted 63-3 in favor of expropriating YPF with 4 members abstaining from the vote. [Full story]

(The full privatization of YPF was completed in 1999 when Repsol of Spain acquired controlling stock from the Argentine state and the stock market---please see Sang-Hyun Yi, "The Political Economy of Privatization of YPF in Argentina," paper, Pusan University of Foreign Studies. For Argentina's crude oil production during the last years, please see "Top 6 Oil Producers in Central & South America, 2006-Feb. 2011 -- EIA." There has been a gradual erosion of Argentine crude oil output from its peak in 1998: in 1998 Argentina produced a record 846,700 barrels per day, but production has declined since, falling to 587,200 barrels per day in 2011---please see U.S. EIA data. The EIA attributed this decline to relatively low levels of exploration activity, combined with natural declines from maturing fields---please see EIA, Argentina Country Analysis Brief. ExxonMobil's Argentinean operations were so far unaffected by YPF takeover: The Argentinean government's decision to take control of Spanish-owned YPF didn't affect ExxonMobil's first-quarter operations in the country. The U.S. oil major said it finished drilling two unconventional wells in that period and will complete or frack those wells in the second quarter. Exxon said it will continue to observe developments in the region---please see SmartBrief, Apr 27, 2012. Update: The Chamber of Deputies [The Lower House of Congress] voted 207 to 32 in favor of expropriating YPF [...], clearing the way for President Cristina Fernandez to sign the bill into law---please see The Telegraph, May 4, 2012 -- D.R.)

PFC Energy 50 Ranking of World’s Top Energy Companies: SuperMajors, led by Chevron, Top 2011 Value Growth Performance

by PFC Energy, press release, Washington D.C., Jan 23, 2012

The six SuperMajors posted the best group performance among companies returning to this year’s PFC Energy 50 list. ExxonMobil, Royal Dutch Shell [#3 at $234.6 bn -- D.R], Chevron, BP [#6 at $135.5 bn -- D.R.], TOTAL [#8 at $121.0 bn -- D.R.] and ConocoPhillips [#10 at 96.8 bn -- D.R.] increased their combined market capitalization 8% during 2011 to $1.2 trillion. Chevron (#4 at $211.9 bn) increased its valuation by 15% from $183.6 bn one year ago—the largest percentage increase of any returning company.

 

ExxonMobil (#1 at $406.3 bn) kept the first place position it has held every year except 2007 and 2009, when the list was headed by PetroChina, this year at #2 with a market valuation of $276.6 bn.

 

“At higher oil prices than four years ago the combined $3.6 trillion valuation of the PFC Energy 50 companies still falls short of the peak $5.2 trillion in December 2007,” commented PFC Energy’s Chairman and CEO, Robin West. “Several factors drive the lower valuation, including significantly lower North American gas prices and less buoyant global equity markets.”

 

Marathon [#44 in 2010 -- D.R.] ended its six-year run on the PFC Energy 50 when it spun off downstream operations in July as Marathon Petroleum. Marathon Oil (+30%) and Marathon Petroleum (+14%) led the Exploration & Production and Refining & Marking segments in share price performance. The combined market value of the two companies increased 24%.

 

Underperforming the overall list were National Oil Companies and companies located in emerging markets. With investors viewing these companies more critically due to country risk exposure and lack of portfolio diversification, the groupings posted value declines of 14% and 16%, respectively. 

 

The combined value of the four service sector companies on the PFC Energy 50 list (Schlumberger, Halliburton, National Oilwell Varco and [Luxembourg-based] Tenaris) declined by 16% as the global energy industry achieved high activity levels with no significant tightness in services and equipment markets. 

 

A major story of 2011 has been the expanding oil and gas potential of the North American onshore, which has created an intense demand for infrastructure. In recognition of their growing importance, this year’s PFC Energy 50 list includes midstream and pipeline companies. Four companies from that segment made the list—Enterprise (#25), TransCanada (#37), Enbridge (#40) and Kinder Morgan (#41). As a group, these new entrants to the PFC Energy 50 posted the year’s largest value gains. [Full Story -- D.R.] 

 

(PFC Energy, the Washington-based consulting firm, publishes an annual Top 50 ranking of the biggest publicly-traded energy companies, based mainly on capital market performance. The listing includes companies from nine sectors: International Oil Companies; National Oil Companies; Exploration & Production; Midstream/Infrastructure, Refining & Marketing; Gas/Utilities; Oilfield & Drilling Services; Equipment, Engineering & Construction; and Alternative Energy. State-backed national oil companies, or NOCs, had a bad 2011. Only two publicly traded NOCs -- Norwegian Statoil (+9%) and Colombian Ecopetrol (+1%) -- posted positive performance. The largest declines among NOCs experienced Indian ONGC (-33%, #24 in 2011 versus #21 in 2010), Brazilian Petrobras (-33%, #5 in 2011 versus #3 in 2010) and China's CNOOC (-26%, #15 in 2011 versus #10 in 2010). The full PFC Energy 50, January 2012 report is also available at https://workspaces.acrobat.com/?d=MRjCvriadJ0ApxoN67GMvQ Also, please see my previous post "World Watch: PFC Energy 50 Ranking of World's Top Energy Companies, Jan 2011." -- D.R.)

North Dakota Surpasses OPEC Member Ecuador in Oil Production

By Joe Carroll, Bloomberg, Jan 10, 2012
North Dakota oil production surged 42 percent to 510,000 barrels a day in November, exceeding the output of OPEC member Ecuador, as energy explorers accelerated drilling in the Bakken Shale formation.

The state’s daily crude output topped a half-million barrels for the first time during the month, North Dakota’s Oil and Gas Division said today in a statement. North Dakota’s 6,300 wells produced enough oil to displace imports from foreign suppliers such as Iraq or Colombia, Lynn Helms, division director, said in the release [Helms added that a half a million barrels a day represents about 10% of U.S. production. Please see a press release from ND Oil and Gas Division, Jan 10, 2012 -- D.R.].

Oil producers including EOG Resources Inc. (EOG) and Continental Resources Inc (CLR). have spurred a five-fold increase in North Dakota’s oil output by using intensive drilling practices to tap the Bakken, a geologic formation that stretches from southern Alberta to the northern U.S. Great Plains. It’s estimated to hold as much as 4.3 billion barrels of technically recoverable oil in North Dakota and Montana, according to a 2008 report by the U.S. Geological Survey.

 “This is big news for the state and the country,” Helms said. “Oil production in the state has increased anywhere from 8,000 to 40,000 barrels a day every month since June.”

Production will continue to increase as drillers hone their techniques, Andrew Steinhubl, co-leader of consulting firm Bain& Co.’s North American oil and gas practice, said in a Jan. 6 interview from Houston.

Rising Crude Production

In the Bakken formation alone, crude production rose 56 percent in November to 443,425 barrels a day from a year earlier, state figures showed. Bakken oil accounted for 87 percent of the state’s total November output.

Continental, the Enid, Oklahoma-based oil company controlled by billionaire Harold Hamm, is the largest leaseholder in the Bakken shale region, with 901,000 acres, based on third-quarter 2011 data compiled by Bloomberg Industries. Hess Corp. of New York and Denver-based Whiting Petroleum Corp. are second and third with 900,000 acres and 680,000 acres, respectively.

Bakken crude is a low-sulfur variety preferred by refiners not equipped to handle heavier, more corrosive types of oil. Bakken crude rose 1.5 percent to $97.97 a barrel today at the Clearbrook, Minnesota, hub, according to data compiled by Bloomberg. The price has increased 15 percent in the past year.

Ecuador, with 500,000 barrels of daily output in November, was the smallest member of the Organization of Petroleum Exporting Countries, according to data from the International Energy Agency in Paris (Also, please see my post "World's Top 23 Crude Oil Producers, November 2011/Notes" -- D.R.).

To contact the reporter on this story:Joe Carroll in Chicago at jcarroll8@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net  (Full story)

(North Dakota produced a record 152.9 million barrels of crude in 2011, up more than 35 percent from the previous record of 113 million set a year earlier. Daily production was up to a record 534,000 barrels per day in December 2011---please see Grand Forks Herald, Feb 8, 2012. For the North Dakota oil ranking, please see Aaron and David Rachovich, "United States: Top 8 Crude Oil Producing States, 2006-Feb.2011." Update: North Dakota has overtaken California as the third-largest oil-producing state in the nation---please see my post "Five States Accounted for about 56% of Total U.S. Crude Oil Production in 2011." Update 2: Crude oil output in North Dakota reached a record high in February [2012] as a mild winter boosted activity in the Bakken shale prospect, bringing the state closer to overtaking Alaska as the second-largest oil producer in the country. North Dakota crude oil production rose by about 12,000 barrels per day (bpd), to more than 558,000 bpd, data from the state regulator showed [...], affirming the state's position as the third-largest producing state in the union after Texas and Alaska---please see Reuters, Apr 11, 2012. Update 3: North Dakota passed Alaska in March 2012 to become the second-leading state in crude oil production, trailing only Texas---please see my post "North Dakota Tops Alaska in Oil Production, Trailing Only Texas." Operators increased North Dakota's Bakken production from less than 3,000 barrels per day in 2005 to over 230,000 barrels per day in 2010. The Bakken's share of total North Dakota oil production rose from about 3 percent to about 75 percent over the same period. North Dakota produced an average of 307,000 barrels of crude oil per day in 2010 and comprised about 5.6 percent of the nation's total crude production. For North Dakota's oil production in historical perspective, please see my post/remarks here -- D.R.)

[Petroleum Intelligence Weekly Ranks World's Top 50 Oil Companies -- ] Suncor Up, ConocoPhillips Down in PIW`s New Top 50 Oil Rankings

EI/PIW press release via Reuters, Dec 8, 2011

Divestitures and acquisitions were more significant in altering the “Big Oil” leadership landscape than either organic growth or the megamergers of yesteryear, according to the results of Petroleum Intelligence Weekly’s “Top 50” global oil company rankings, released today.

ConocoPhillips’ “shrink-to-grow” strategy, which had it spinning off considerable assets in 2010, resulted in the company falling out of the Top 10 for the first time in four years, with the Houston-based giant dropping to 12 from 8 a year earlier.

Conoco’s slippage in 2010 paved the way for Russian Gazprom’s first-time entry into the elite Top 10 that year, moving up to 10 from 12 a year earlier. France’s Total marked the only other shift on the leader board, moving up to 9 from 10 a year earlier [i.e., Saudi Aramco maintained its hold on the top spot, followed by the National Iranian Oil Co. at No. 2; with ExxonMobil at No. 3 and the Petroleos de Venezuela at No. 4. China National Petroleum Corp. retained its spot as the No. 5, followed by U.K.'s BP, Royal Dutch Shell of the Netherlands/UK and Chevron. Please also see the Saudi Aramco website, the HighBeam Business article and my remarks below -- D.R.].     

This year’s rankings reaffirmed the continued importance of the so-called “supermajors” – ExxonMobil, BP, Royal Dutch Shell and Total — which held onto their Top 10 spots. But companies in developing-countries like China were racing to catch up, moving up the ranks as they grew their operations through billions of dollars in strategic acquisitions.

The PIW Top 50 rankings compare petroleum-industry majors, independents and national oil companies based operational size, rather than market cap or other financial measures, to provide a holistic view of the industry landscape. They incorporate six unique operational criteria — oil and gas reserves, oil and gas production, product sales and refinery distillation capacity — from fiscal year 2010, the latest for which complete data were available.

For the first time the Top 50 also took a hard look at M&A, correlating companies’ movement in the rankings with the announced deal value of their mergers and acquisitions in 2009, 2010 and year-to-date 2011. The analysis reaffirms M&A’s importance to companies’ operational growth strategies, showing large net buyers — particularly in China — have generally fared better than net sellers.

“Companies are increasingly rising or falling based on their ability to look beyond the integrated model to grow their operations,” said Ian Nathan, a senior research analyst at PIW parent company Energy Intelligence Group and lead author of the Top 50. “With new reserves becoming ever scarcer, companies that come up with innovative ways to create value will reap ever bigger rewards.”

Among this year’s PIW Top 50 highlights:

• The year’s biggest gainer, Canada’s Suncor, soared 10 spots, to 39 from 49, on the strength of its Petro-Canada acquisition and impressive gains in oil and gas production and product sales.
• Colombia’s Ecopetrol returned to the list, resurfacing at 48 on significant increases in oil output and gas reserves. Meanwhile, New York-based Hess fell out off the Top 50 from 47 as its growth in oil reserves was unable to compensate for a drop in gas reserves.
• China’s Sinopec and CNOOC each gained four spots, with Sinopec jumping from 26 to 22 and CNOOC from 38 to 34 as they continued executing long-established growth strategies.
• Gazprom notwithstanding, Russian companies were a mixed bag in terms of growth. Novatek advanced to 41 from 44, but Rosneft, majority owned by the Russian government, fell to 19 from 16.

For a complete list of the Top 50 or to subscribe, please contact us at CustomerService@energyintel.com. [Read more]

(Please see my post "[Energy Intelligence] 'Top 100' Oil Rankings Heavy on Houston Firms,"  by Barrett Goldsmith, Houston Business Journal, Dec 3, 2010. 2011 marks the 23rd consecutive year that Saudi Aramco has achieved the top spot in the PIW rankings. Pemex retained its spot as the No. 11 in PIW's new Top 50 oil rankings for 2010. Also, Petrobras retained its spot as the No. 15 in PIW's new Top 50 oil rankings for 2010. Furthermore, please see Forbes ranking of oil and gas companies by oil and gas production "Mid 2012 Ranking of the World's Biggest Oil & Gas Companies," and PFC Energy ranking of the biggest publicly-traded energy companies, based mainly on capital market performance: "PFC Energy 50 Ranking of World’s Top Energy Companies." -- D.R.)

Platts Top 250 Global Energy Company Rankings 2011

Platts, Nov 2, 2011
The Platts Top 250 recognizes outstanding financial performance for the previous fiscal year. Each company listed in the Platts Top 250 has distinguished itself through its remarkable performance and the outstanding efforts and dedication of its team. [...]

Top Ten

The entry of German multi-utility E.ON AG to the top ten in 2009— the only non-Integrated Oil and Gas (IOG) company to do so in the last five years—proved fleeting [please see remarks below -- D.R.]. The oil and gas giants reasserted their dominance of the top ten rankings, taking all ten spots despite a stricken BP dropping far from sight. On the back of higher oil prices, the top ten companies brought in a combined $178.874 billion in profits, a 20.4% increase from 2009, but still down from the bumper year of 2008, when profits hit an all-time high of $214.042 billion.

US giant Exxon Mobil Corp retained the top spot in 2010, while Chevron Corp moved up from ninth in 2009 to second place as it boosted its return on invested capital (ROIC) to 16% from 10.2% in the previous year. Gazprom OAO, PetroChina Co Ltd, Total SA and the China Petroleum & Chemical Corp took third, fourth, fifth and eighth places, respectively, while Royal Dutch Shell climbed from tenth to sixth.

Three re-entrants to the top ten in 2010 included ConocoPhillips—now the subject of an innovative demerger into upstream and downstream businesses— which moved up from 24th place to seventh. Meanwhile Russia’s OJSC Rosneft Oil Company and Lukoil Oil Company rose from 14th and 11th places, respectively to take the ninth and tenth spots.

E.ON dropped back to 13th from sixth, and Brazil’s Petrobras-Petroleo Brasilier fell from fourth in 2009 to 12th in 2010. But the biggest omission from the top ten was UK major BP. Ranked second in 2009, BP dropped to 118th on account of the cost of the Macondo oil spill in the US Gulf of Mexico. Although in dollar terms its asset base expanded, as did its revenues, BP’s profits were wiped out. The company posted a loss for 2010 of $3.719 billion.

Here Come the Russians

Although the year-to-year changes in the top ten companies can be small, the big trends can be seen from longerterm comparisons. In 2006, the top ten consisted of five west European integrated oil and gas companies, three US majors, PetroChina and Petrobras. In 2010, there were still three US majors but now two Chinese and three Russian companies, with only two European companies remaining. [...]

The entry of Russian companies into the ranks of the world’s top energy enterprises is a striking feature of the 2010 list, and features not only oil and gas, but also electricity industry companies as a result of privatization in the sector. Of the top ten fastest-growing companies, three are Russian: RusHydro JSC, Bashneft OJSC and Moscow United Electric Grid OJSC, with RusHydro recording a giant three-year CGR of 106.1%. There are now 15 Russian companies in the top 250, compared with 11 in 2009 and nine in 2006.

Mighty Gazprom’s position remains pre-eminent in natural gas, based on its huge production volumes and monopoly grip on Russia’s gas pipelines and exports. However, it may one day have a challenger in the form of private gas company Novatek OAO, which is operator of the planned Yamal LNG project. Novatek has moved up from 126th position in 2009 to 104th in 2010. Profits rose from $854 million to $1,358 million with an impressive ROIC of 19% in 2010—the twelfth-highest ROIC out of the entire top 250. It is also the 34th fastest-growing company based on its three-year CGR. Including AK Transneft OAO, the country’s oil pipeline monopoly, Russia now has eight companies primarily focused on oil in the top 250 as well as two gas and five power sector companies. [...]

Asian Leaders

The number of Asian companies in the top 250 continues to rise, reaching 70 in 2010, up from 67 in 2009 and 56 in 2006. In addition, despite having more companies represented, the average ranking of Asian companies has also improved from 135.2 in 2006 to 134.9 in 2009 and 131.3 in 2010 (a lower number denotes a higher ranking). Asian companies are not just increasing in number, but are increasing their rankings relative to their international peers.

Within Asia, the average ranking of Japanese companies overall has improved from 145.9 to 132.1. This partly reflects the Japan Petroleum Exploration company dropping out of the top 250, but the improvement is notable given the sharp fall in the ranking of the Tokyo Electric Power Co (Tepco) which was ranked 54th in 2009, but 131st in 2010.

This is the result of the financial impact of the Fukushima nuclear disaster in March 2011 and Japanese reporting of financial data based on fiscal years running from April-March. Tepco recorded a loss of $14,881 billion in fiscal 2010. Other Japanese companies dropping down the rankings include Tohoku Electric Power Co, which fell from 119th to 156th and Chugoku Electric Power Co, which dropped from 134th to 178th.

By contrast, Japan’s oil and gas companies performed well. JX Holdings was the shining star, rising from 129th in 2009 to 18th in 2010. Idemitsu Kosan Co Ltd increased its ranking from 144th to 70th. Tokyo Gas Company Ltd upped its place in the list from 108th to 74th. For China, most change was seen within the power sector. The number of Chinese companies in the top 250 was the same in 2010 as in 2009, but the Shenzhen Energy Group, Huadian Power Intl Corp and Shenergy Co. Ltd were displaced by Shanxi Lu’an Environmental Energy Development Co., Shanxi Xishan Coal and Electricity Power Co. and China Longyuan Power Group. In the oil sector, PetroChina moved up from seventh in the rankings to fourth, and CNOOC from 29th to 15th. The biggest mover, however, was China Yangtze Power Co., which jumped from 163rd in 2009 to 112th in 2010.

By contrast, India saw three new companies join the top 250 list—the newlylisted Coal India, oil and gas producer Cairn India Ltd and the IPP company NHPC Ltd. As in Japan, the oil sector also gave India its strongest movers. The Indian Oil Corp Ltd jumped from 78th in 2009 to 42nd in 2010, while the Hindustan Petroleum Corp Ltd rose from 174th to 142nd. [...]

(Please see my post "Platts Top 250 Global Energy Company Rankings 2010." Separately, please watch "Top 250 Energy Company Rankings [2011] analysis: 'Big Oil' dominates, but Asia steals the show," Platts, Nov 2, 2011 and see Platts 2011 rankings for 2010, pdf file. Update: It’s all eyes on China, India and the wider Asia-Pacific region when it comes to rapid financial growth and fast-rising energy companies. Seventy companies from the region were in the spotlight tonight when the 2012 Platts Top 250 Global Energy Company Rankings were unveiled at an awards dinner in Singapore. The 2012 rankings reflect fiscal 2011 financial performance in four key areas: asset value, revenues, profits and return on invested capital/ROIC. ...  In an East-West energy showdown, Western majors still dominated. Western integrated oil and gas/IOG and exploration and production/E&P companies took all of the Top 10 spots on the 2012 list, except for one – ninth place – which went to PetroChina Co. Ltd. ExxonMobil reigned supreme in the number one spot of the Top 250 roster for the eighth consecutive year. Anglo-Dutch major Royal Dutch Shell plc moved up from sixth position to second, displacing U.S. major Chevron to third. ConocoPhillips dropped one place from seventh to eighth. Although French major Total slipped from fifth position to seventh, other European majors saw improvements. Like Shell, Norway’s Statoil also ascended, climbing from 11th place to sixth between the 2011 and 2012 rosters. One of the standout movers among the Top 10 and the overall rankings was BP. The U.K. oil major took fourth position on this year’s list, after having plummeted from second place in 2010 to 118th place last year after more than $38 billion in losses from the Macondo oil spill in the Gulf of Mexico. Other majors, including Russian oil and gas giants, held on to their relatively high global rankings, despite slipping in the standings. Gazprom/Open Joint Stock Company – OJSC Gazprom dropped to fifth place this year from third place, while Rosneft dipped from ninth to 10th. OJSC LUKOIL slipped out of the Top 10 this year to 11th place---please see Platts, press release, Oct 23, 2012. -- D.R.)