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Press Release

Release Of Energy Intelligence Top 100: Global NOC & IOC Rankings

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Energy Intelligence has released its annual ranking of the world's 100 largest oil and gas companies, the only ranking system that compares private sector firms with national oil companies. The Energy Intelligence Top 100: Global NOC & IOC Rankings is an in-depth company analysis that ranks six key operational metrics together with 60 additional parameters of company performance. Here are some of the key findings from the recent ranking:

  • PDVSA dropped one spot to No. 5, reflecting declining metrics resulting from Venezuela’s deepening economic crisis.
  • BP reclaimed the No. 6 spot due to liquids output gains, while Shell’s two-spot drop to No. 8 reflects the impact of its ongoing $30 billion divestment program.
  • Pure-play shale operators now comprise 17 of the Top 100 companies due to rapid production and reserves growth, including expansion beyond key Appalachian and Permian regions.
  • Future Top 100 rankings hinge on post-downturn growth plans, where capital discipline, investor expectations and demand uncertainty will impact corporate decision making.
  • New entrants include: Gulfport Resources (No. 84), Cimarex Energy (No. 89), Galp (No. 91), Newfield Exploration (No. 97) and Occidental spinoff California Resources Corp. (No. 99), while Polish firms PGNiG (No. 98) and PKN Orlen (No. 99) return to the Top 100 universe.

Thomas Marchetti, President of Energy Intelligence, said:

“The latest Energy Intelligence Top 100: Global NOC and IOC Rankings demonstrate that retrenchment is largely a thing of the past, with the industry enjoying an oil price and cash flow recovery. We expect the Top 100 companies to focus on growth areas, which will drive future ranking’s changes. Yet, long-term demand questions and growing investor expectations for capital distribution — along with climate-related accountability — may challenge those corporate growth trajectories.”

Energy Intelligence’s flagship publication Petroleum Intelligence Weekly is also publishing the rankings of the Top 50 oil companies along with valuable insights into their performance. These Top 50 rankings have been appearing in PIW for the past 30 years and provide the ranking methodology for the much larger Energy Intelligence Top 100: Global NOC & IOC Rankings.

Six parameters are used to compile the rankings: oil reserves, natural gas reserves, oil production, natural gas production, refinery distillation capacity and refined product sales. The Energy Intelligence Top 100: Global NOC & IOC Rankings analysis considers an additional 60 financial and operational parameters.

The Top 10 companies in this year’s rankings are:
1. Saudi Aramco
2. NIOC
3. CNPC
4. ExxonMobil
5. PDVSA
6. BP
7. Rosneft
8. Shell
9. Gazprom
10. Total

The list of Top 50 companies is available to clients of Petroleum Intelligence Weekly. The full rankings and analysis are available to subscribers of the Energy Intelligence Top 100: Global NOC & IOC Rankings, as part of Energy Intelligence’s suite of online interactive data services.

-ENDS-

To discuss the Energy Intelligence Top 100: Global NOC& IOC Rankings, please contact:
Ian Nathan
Manager, Research & Advisory
inathan@energyintel.com / + 1 646 616 0828

For further information on Energy Intelligence, please contact:
Kevin Kear
Marketing Manager, Energy Intelligence
kkear@energyintel.com / +44 (0)20 7518 2239

Topic:
Press Release (Marketing)
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