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Petroleum Intelligence Weekly Ranks World's Top 50 Oil Companies (2009)
Copyright © 2008 Energy Intelligence Group, Inc.  (click for details)
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Petroleum Intelligence Weekly's annual ranking of the world's 50 largest oil companies, a perennial benchmark survey recognized industry-wide, is the leading source of comparative performance assessments on all the world's oil companies. The Rankings are based on six operational criteria that allow the comparison of private sector and state-owned oil companies and is the precursor to the more comprehensive Energy Intelligence Top 100: Ranking The World's Oil Companies.

National Oil Companies Strengthen Their Hold in Annual Survey

In contrast to national oil companies, the major oil companies and other private sector firms generally lost ground, especially in the top tiers. In contrast to other super majors, Exxon Mobil held on to its number three position. A comparison with results from 10 years ago shows that the top major oil companies, as a group, now account for a smaller global share of the six ranking criteria than they did prior to the mega-mergers that created them.

Here are some key findings from the PIW Top 50:

·         Saudi Aramco remains No. 1, and China's CNPC surpasses BP and Shell.

·         Russia's Rosneft makes biggest jump, from 24th to 16th.

·         Majority state-owned national oil companies now make up 27 of 50.

·         Three new firms moved into the PIW Top 50 -- Uzbekneftegas, China's CNOOC and Kazmunaigas of Kazakhstan -- all majority state-owned.

The PIW Top 50 can only give you a glimpse of the performance of the world's key energy companies. You can find out exactly how your company, client or competitor ranks against industry peers with the Energy Intelligence Top 100: Ranking the World's Oil Companies.

This annual special report from Energy Intelligence Research provides a detailed picture of how the leading energy companies -- both publicly traded and state-owned firms -- have performed. With coverage of more than 160 operational and performance criteria for the 130 largest oil companies in the world, it allows you to assess operating strengths and weaknesses, set goals based on peer performance and identify your best-in-class competitors.

View Petroleum Intelligence Weekly Home Page

View the Energy Intelligence Top 100: Ranking the World's Oil Companies Home Page

PIW's Top 50: How the Firms Stack Up

Rank2007

Rank2006

PIWIndex

 Company

Country

State
Ownership %

1

1

30

Saudi Aramco

Saudi Arabia

100

2

2

33

NIOC

Iran

100

3

3

37

Exxon Mobil

US

 

4

5

51

PDV

Venezuela

100

5

7

53

CNPC

China

100

6

4

55

BP

UK

 

7

6

63

Shell

UK/Netherlands

 

8

8

83

ConocoPhillips

US

 

9

9

88

Chevron

US

 

10

10

90

Total

France

 

11

11

91

Pemex

Mexico

100

12

12

99

Sonatrach

Algeria

100

13

12

102

Gazprom

Russia

50.0023

14

14

103

KPC

Kuwait

100

15

15

111

Petrobras

Brazil

32.2

16

24

116

Rosneft

Russia

75.16

17

18

124

Petronas

Malaysia

100

18

16

126

Adnoc

UAE

100

18

17

126

Lukoil

Russia

 

20

19

141

NNPC

Nigeria

100

21

19

144

Eni

Italy

30

22

21

159

QP

Qatar

100

23

23

162

Libya NOC

Libya

100

24

22

166

INOC†

Iraq

100

25

29

173

Sinopec

China

71.84

26

28

176

StatoilHydro

Norway

62.5

27

26

177

EGPC

Egypt

100

28

25

180

Repsol YPF

Spain

 

29

27

187

Surgutneftegas

Russia

 

30

30

215

Pertamina

Indonesia

100

31

31

223

ONGC

India

74.14

32

34

246

Marathon

US

 

32

32

246

PDO

Oman

60

34

37

264

EnCana

Canada

 

34

--

264

Uzbekneftegas

Uzbekistan

100

36

36

273

Socar

Azerbaijan

100

37

35

288

SPC

Syria

100

38

39

290

Ecopetrol

Colombia

89.9

39

42

291

Apache

US

 

39

44

291

CNR

Canada

 

41

37

294

Anadarko

US

 

42

41

296

Devon Energy

US

 

43

40

297

TNK-BP‡

Russia

 

44

43

298

OMV

Austria

31.5

45

48

305

Hess

US

 

46

44

310

Occidental

US

 

47

47

312

BG

UK

 

48

51

316

CNOOC

China

66.41

49

50

322

Inpex

Japan

29.35

50

52

323

Kazmunaigas

Kazakhstan

100


Methodology of PIW Ranks the World's Top Oil Companies

Contact us for more information

Click here to preview the December 01, 2008 press release: Energy Intelligence Ranks World's 50 Top Oil Companies in Benchmark Survey

PIW's ranking of the world's 50 largest oil companies is based on operational data from over 130 firms. The focus on operations allows meaningful comparisons of all types of companies -- including state-owned firms -- and thus differs from more financially oriented corporate rankings. PIW's unique system uses as criteria oil reserves and production, natural gas reserves and output, refinery capacity, and product sales volumes.

Firms are compared in six different operational areas in the table below, with companies assigned a separate rank within each category. The six individual ranks are then added together to determine the cumulative, overall position, giving each of the six criteria an equal weighting.

The rankings above are based on the 2007 operational results for the companies as they existed at the end of that year or as they reported them. Estimates are used mainly for state-owned oil companies that do not release regular or complete annual reports in a timely fashion. Some numbers reflect estimates when complete corporate data are not available. PIW's system of ranking tends to favor national oil companies with large oil and gas reserves, and to favor integrated concerns over firms that specialize in one industry sector.

To round out the picture, basic financial data are provided for the companies. But these data are not used to create the PIW Top 50 rankings, since they are based on widely differing accounting practices.

Data in the tables above are primarily from company sources and annual reports. In some cases, secondary sources or PIW estimates have been used to fill in the gaps. Data are usually shown as reported by the companies but are sometimes adjusted for interests or shares held by others. Data for the Russian and Caspian firms are drawn from Energy Intelligence Research's 2008, Almanac of Russian & Caspian Petroleum.


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