Energy Intelligence Ranking Of Top Oil Firms Shows Industry Resilience To Low Oil Prices

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 70 additional parameters of company performance.

Here are some of the key findings from the 2016 ranking:

• Exxon Mobil edges up to tie with China National Petroleum Corp. for the No. 3 spot.
• Saudi Aramco remains firmly in first place, well ahead of National Iranian Oil Co.
• National Oil Companies (NOCs) retain six out of the Top 10 positions
• But some mid-tier NOCs are struggling, with Mexico’s Pemex down three places to 18th and Libya’s National Oil Corp. sliding two to 33rd.
• Spain’s Repsol jumps seven places following acquisition of Canada’s Talisman
• Headwinds in shale hit US independents – Anadarko drops five places, Chesapeake three.

“The latest Energy Intelligence Top 100 rankings reflect company performance during 2015, the first full-year of the oil price downturn, and show the industry’s remarkable resilience, with relatively few big fallers,” says David Kirsch, Managing Director of Energy Intelligence’s Research & Advisory arm. “But they also demonstrate how deal-making has been stymied by uncertainty over oil prices – very few companies have marched up the rankings as a result of adding volumes and reserves through acquisitions.”

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. PIW’s Top 50 has appeared for the past 26 years and provides the ranking methodology for the much larger Energy Intelligence Top 100.

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 analysis considers an additional 70 financial and operational parameters.

The Top 10 companies in this year’s rankings are:

1. Saudi Aramco
2. NIOC
3. CNPC
4. Exxon Mobil
5. PDV
6. BP
7. Rosneft
8. Royal Dutch Shell
9. Gazprom
10. Total

Click here(http://www2.energyintel.com/l/19202/2016-12-01/bfx5tw) to view the 2016 PIW Top 50 Ranking. The full Top 100 company analysis is available to Energy Intelligence clients as part of its suite of online interactive tool services.