Petroleum Intelligence Weekly Ranks World's Top 50 Oil Companies (2009)

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 16^th.

� 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.

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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

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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.