• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 16 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 3 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 11 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 16 hours Solar Industry Lays Claim To The 2020s; Kicks Off The Solar+ Decade
  • 15 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 5 hours California Threatens Ban on ICE Cars
  • 14 hours Shell ‘to have commercial wind farms’ by early 2020s
  • 1 day DUG Rockies: Plenty Of Promise, Despite The Politics
  • 1 day Dear journalists: say "climate crisis" not "climate change"
  • 6 days How can Trump 'own' a trade war?
  • 24 hours Iran v USA the perfect fire triangle
  • 21 hours U.S. and Turkey
  • 1 day Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
Alt Text

Peak Gasoline Vehicles Is Already Here

Vehicles with internal combustion engines…

Alt Text

Trade War Escalation Looms Large Over Oil Markets

The economic implications of the…

Alt Text

Meet America’s Newest $9 Trillion Climate Change Solution

Democratic Presidential hopeful and Washington…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Trending Discussions

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

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:




Download The Free Oilprice App Today

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