• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 1 day The Discount Airline Model Is Coming for Europe’s Railways
  • 8 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 17 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 3 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 4 hours Saudi Fund Wants to Take Tesla Private?
  • 13 hours Starvation, horror in Venezuela
  • 22 hours Venezuela set to raise gasoline prices to international levels.
  • 2 days Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 days Batteries Could Be a Small Dotcom-Style Bubble
  • 16 hours Are Trump's steel tariffs working? Seems they are!
  • 2 days France Will Close All Coal Fired Power Stations By 2021
  • 2 days Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 2 days WTI @ 69.33 headed for $70s - $80s end of August
Alt Text

Keystone XL Delayed…Again

The Keystone XL saga has…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ and…

More Info

Trending Discussions

Is This The End Of U.S. Dominance In Global Energy?

Oil

Russia’s Gazprom ranked no.1 in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, toppling ExxonMobil and ending its 12-year reign at the top spot, S&P Global Platts said in what it defined as the most profound change in the 16-year history of the ranking.

The second most profound change was that integrated oil and gas companies were not the biggest movers up—ceding that role to pipeline companies and utilities—although they continue to be strong on the list, as they have been since S&P Global Platts started publishing the rankings in 2002.

In its annual list, S&P Global Platts ranks energy firms according to four metrics of financial performance—asset worth, revenues, profits, and return on invested capital.  

Exxon not only lost its no.1 spot on the list, it slipped to 9th place. In the top 10 this year, the Americas hold only two spots, while Asia-Pacific tied Europe, Middle East and Africa (EMEA), each landing four companies in the top ten.

Apart from Exxon, the other American company in the top ten is Valero Energy Corp. Behind Russia’s Gazprom, Germany’s E.ON came in at no.2, India’s Reliance Industries at no.3, followed by Korea Electric Power Corp, China Petroleum & Chemical Corp, Russia’s LUKOIL, Indian Oil Corp Ltd,

Valero Energy at no.8, Exxon at no.9, and France’s Total at no.10.

“European utilities and North American pipeline operators got a boost from sticking to what they know best and shying away from more risky enterprises and territories,” Harry Weber, senior natural gas writer of S&P Global Platts, said in an S&P statement.

Related: OPEC’s Premature Victory Lap

E.ON, ranked no.2, was one of the biggest gainers, jumping 112 places from no.114. UK utility Centrica climbed into the 15th position, from the 156th place in last year’s ranking. Houston-based CenterPoint Energy was also among the big climbers, moving up to 105th from last year’s 220th place.

Due to the new entrants in utilities and pipelines, combined revenues of the 2017 Top 10 global energy companies soared by more than 30 percent, to US$1.1 trillion, from US$830.2 billion in the 2016 rankings, S&P Global Platts said.

By Tsvetana Paraskova for Oilprie.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment
  • Oilracle on September 25 2017 said:
    ----Russia’s Gazprom ranked no.1 in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, toppling ExxonMobil----

    So what? But Russia will never top the United States' National Debt level!
  • Drew on September 26 2017 said:
    The roi (return on investment) on fossil fuels is falling. The roi on renewables is increasing. Fossil fuel company's need to recongnize this , and use their large cash flows to fund renewable energy investment to give share holders the best returns available.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News