Posted on 11/27/2013 4:53:48 AM PST by thackney
State-owned energy giants and international majors continue to top lists of the world’s largest oil companies. But the U.S. shale revolution is beginning to make a mark, as U.S. independent oil and gas producers rise in the ranks.
Energy Intelligence has released its list of the world’s 100 largest oil and gas companies, with several independents — including Houston-based Anadarko Petroleum and Apache Corp. — making among the biggest gains. The annual ranking is based on the prior year’s reserves, production, refined product sales and refinery distillation capacity.
Anadarko jumped two spots to No. 44 and Apache rose one spot to No. 41. Oklahoma City-based Chesapeake Energy broke into the top 50 for the first time, ranking No. 47, as it shifts its focus from natural gas to higher-value oil and liquids production. Devon Energy, also based in Oklahoma City, rose three places to No. 41.
Meanwhile, the nation’s largest independent oil and gas company ConocoPhillips took a dive, falling 19 spots to No. 31, following the spinoff of its refining arm, Phillips 66, last year.
See which companies hold the top 20 spots, and how their ranks have changed, in the slideshow above. {linked}
2. National Iranian Oil Company (NIOC) -- national oil company of Iran
3. Exxon Mobil -- international oil company based in the United States
4. China National Petroleum Corporation (CNPC) -- national oil company of China
5. Petróleos de Venezuela, S.A. (PDVSA) -- national oil company of Venezuela
6. BP, international oil company based in the United Kingdom
7. Royal Dutch Shell -- international oil company based in the Netherlands
8. Gazprom -- partially state-owned oil company in Russia
9. Chevron -- international oil company based in the United States
10. Total -- international oil company based in France
11. Petróleos Mexicanos (Pemex) -- national oil company of Mexico
11. Kuwait Petroleum Corporation (KPC) -- national oil company of Kuwait
13. Petróleo Brasileiro S.A. (Petrobras) -- semi-public oil company of Brazil
14. Sonatrach -- national oil company of Algeria
15. Lukoil -- international oil company based in Russia
16. Rosneft -- majority state-owned oil company of Russia
17. Qatar Petroleum -- national oil company of Qatar
18. Abu Dhabi National Oil Company (ADNOC) -- national oil company of the United Arab Emirates
19. China Petroleum & Chemical Corp. (Sinopec) -- majority state-owned oil company in China
20. Petroliam Nasional Berhad (Petronas) -- state oil company of Malaysia
PRESS RELEASE
November 18, 2013
For Immediate Release
http://www2.energyintel.com/e/19202/W-Top-50-ranking-Press-Release/7l71d/135217657
Russia and US Shale Reshape Latest Annual Ranking of the World’s 50 Largest Oil Companies from Petroleum Intelligence Weekly
Energy Intelligence is delighted to share this year’s rankings of the world’s 50 largest oil companies by Petroleum Intelligence Weekly (PIW). The ranking sees Russia’s Gazprom moving ahead of international majors Chevron and Total to eighth place, while Rosneft climbed three places and is poised to enter the top 10 following its acquisition of TNK-BP earlier this year. Saudi Aramco remains in the top spot, followed by Iran’s NIOC and Exxon Mobil.
This year’s rankings also demonstrate the impact of the US shale revolution for the first time, with a number of large US independents doing especially well due to their shale exposure. Chesapeake broke into the PIW Top 50 for the first time and Apache, Devon, Occidental and Anadarko all made solid gains, albeit from the bottom third of the list. These companies have all managed to improve their performance despite low natural gas prices, write-downs of gas reserves and sales of assets as they refocused investment on higher-value liquids plays.
By contrast to the dynamic performance of some key national oil companies and US independents, the international majors are not keeping up. While Chevron and Total declined in the rankings, Exxon Mobil, BP and Royal Dutch Shell stood still.
We have produced an infographic of the report, which highlights some of news stories from the ranking and we are delighted to share. Simply follow this link to view the infographic and embed code:
http://www2.energyintel.com/PIW50infographiclandingpage
Well...the only thing for it, I suppose, is to lower the barrel price.
Bookmark
The ingenuity and expertise of the oil industry is always astounding.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.