• 3 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 6 minutes This Battery Uses Up CO2 to Create Energy
  • 10 minutes Phase One trade deal, for China it is all about technology war
  • 12 minutes Trump has changed into a World Leader
  • 1 min Indonesia Stands Up to China. Will Japan Help?
  • 10 hours Might be Time for NG Producers to Find New Career
  • 18 hours Shale Oil Fiasco
  • 2 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 10 hours Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
  • 14 mins We're freezing! Isn't it great? The carbon tax must be working!
  • 1 hour Beijing Must Face Reality That Taiwan is Independent
  • 2 days Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
  • 2 days Wind Turbine Blades Not Recyclable
  • 58 mins China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 18 hours US Shale: Technology
  • 2 days Denmark gets 47% of its electricity from wind in 2019
Alt Text

The Complete Guide To Hydraulic Fracturing

The complete guide to hydraulic…

Alt Text

This Emerging Oil Hotspot Threatens The OPEC Deal

Guyana has exported its first…

Alt Text

The Oil Industry’s Radioactive Secret

An investigative journalist has written…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Shell, Chevron Drop Off Platts Top 10 Energy Firm List

Shell and Chevron were among the international oil giants that fell off the top 10 companies of 2016 in the S&P Platts’ annual ranking of the 250 biggest companies by assets and revenues. The asset value and revenue figures are all for 201—the year when the oil price collapse really began to be felt.

The USA Today quotes Platts as saying the changes in the top 10 segment reflected the continuing depression on international oil markets. The price slump, Platts said, hit oil and gas majors’ earnings hard, and it also led to a serious devaluation of assets, meanwhile benefiting companies with stronger downstream operations, pure-play refiners, and power utilities.

Exxon is still number 1, despite this trend, but it is the only Western integrated oil and gas company in the top 10, with assets worth US$337 billion and revenues of US$237 billion. There are also three refiners: Phillips 66 at number 4, Valero Energy at 5, and Marathon Petroleum at 10.

Phillips 66 had assets worth US$48.58 billion and revenues of US$85.2 billion. Valero Energy boasted assets worth US$44.34 billion and revenues of US$87.8 billion, and Marathon Petroleum had assets of US$43.12 billion and revenues of US$64.47 billion. Related: Gabon Aims To Boost Production After Joining OPEC

At the same time, however, Russian oil and gas majors have a notably presence: there are four of them in the top 10, including Gazprom (#3) with assets of US$253.44 billion and revenues of US$90.27 billion; Lukoil (#6) with assets of US$74.62 billion and revenues of US$85.45 billion; Rosneft (#7), with assets worth US$144.1 and revenues of US$75.32 billion; and much less known Surgutneftegaz (#9), with assets of US$60.22 billion and revenues of US$14.76 billion.

The top 10 list for 2016, according to S&P Platts, is rounded out by Korea Electric Power Corp at number 2 and Indian refiner Reliance Industries at number 8.

China’s biggest oil companies are missing from the latest top 10, with Sinopec at number 13, right after French Total, and PetroChina at number 16. Chevron comes in at 17, only the second U.S.-based integrated oil and gas company to make the Platts top 20.

Royal Dutch Shell is far behind at number 31, and BP, still further down, at number 99, thanks to its serious financial commitments concerning the 2010 Gulf of Mexico spill on top of the oil price rout.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play