SINGAPORE, October 20 /PRNewswire/ --
- Asian, Regional Company Performance on the Rise; Resurgence Noted Among Non-Oil Companies, Especially Electricity
Major oil companies have maintained their stronghold as the world's most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia- Pacific companies.
Against a backdrop of climbing global demand, record-high prices and market volatility, it was Exxon Mobil Corp. that once again surpassed its competitors to take the number one spot in the Platts Top 250 for the fourth consecutive year. In second and third place were Royal Dutch Shell plc and France's Total SA, respectively.
While US companies still make up the largest overall bloc in the Platts rankings, America's share of the top spots is down 30% since the rankings began seven years ago. Behind Exxon Mobil, this year's US top finishers were Chevron Corp., Valero Energy Corp. and ConocoPhillips. Participation in the lead 100 slots by Europe, Middle East, and Africa (EMEA) has risen by 38% since 2001. The best 2008 EMEA performers were Shell, Total, BP, Russia's Rosneft and Italy's ENI. Asia's share of the Top 250's upper tier has climbed nearly 30% across the ranking's history. This year's top performing Asian energy business was PetroChina Co., Ltd., which placed ninth worldwide, and ahead of many long-entrenched names on the roster. Second, third, fourth and fifth-place finishers in Asia were China Petroleum Chemical Company (known as Sinopec), Reliance Industries Ltd., Oil Natural Gas Corp. Ltd., and PTT Plc.
The globalization of the energy marketplace is increasingly reflected in the results of the Platts rankings, said Platts President Victoria Chu Pao. We're pleased to recognize the leadership achievements of so many regional energy companies that continue to climb the ranks of the global Top 250.
In addition to unveiling the Top 250 Global Energy Companies, which scores the world's best performing energy companies on a combination of assets, revenues, profits and return on invested capital, Platts on Monday celebrated the accomplishments of the Top 15 Asian Energy Companies, the Top 10 Fastest-Growing Asian Energy Companies, and the Top Asian Energy Companies in each of eight industry segments. To be ranked, companies must have assets greater than (US) $2 billion and must be publicly listed. The performance rankings were unveiled at the 3rd annual Asia Leadership Awards recognition dinner at the St. Regis Hotel in Singapore, attended by some 200 energy executives, largely from the Asia-Pacific region.
A year-on-year comparison of the Top 250 shows that all of the companies gaining ground within the lead 20 positions are non-U.S. companies. In fact, three of the largest energy companies in the world are now Russian: Rosneft Oil Company ranks sixth and Gazprom OAO jumped seven places to 10th, overtaking fellow Russian Federation company Lukoil, now in 11th place. And within the top 50, Russia holds seven slots and the Asia-Pacific region holds eight, three of which are Indian companies.
In terms of industry sector performance, the 2008 Platts ranking showed that integrated oil companies maintained their strong presence in the list's upper tier, as they have for years. But it also revealed a resurgence of non-oil companies within the 50-100 ranks. Platts believes that three factors contributed: a wave of mergers and takeovers; improved hedging strategies by power and gas companies and normalization after price hits in 2004-2006; and accelerated trends of deregulation, public listing and/or financial reporting among eastern European, Middle Eastern, Asian and Latin American energy businesses.
Abu Dhabi National Energy Company and Saudi Electricity Company are the first from the Persian Gulf region to place in the Top 250 rankings, illustrating a trend toward greater financial data transparency and disclosure. In addition to this latter placement, it's notable that electric utilities, at large, are now ahead of where they were in 2005 in comparison with oil majors' profits.
Now in its second year, the Platts roster of the world's Fastest-Growing Energy Companies by revenue showed 11 of the 14 rapid-growth firms of 2007 returned to the list in 2008. Notable regional movements included the first-time presence of a Middle East firm in the lead 20 slots. Japan's sole representation within the roster, Inpex Holdings Inc. jumped from spot 17 in 2007 to sixth place in 2008.
Offering the evening's keynote address was Singapore's Senior Minister of State for Trade and Industry S. Iswaran, who highlighted not only Asia's increased representation within the Platts Fastest Growing and Top 250 lists, but also the expanding role that Asia and the Pacific Rim are assuming in the global energy sustainability dialogue. Prior to the Asia Leadership Awards recognition dinner, energy company representatives discussed energy outlook and key industry issues at the 6th annual Platts Top 250 Executive Summit.
The evening's key sponsor for the third consecutive year was Logical Information Machines, a provider of data, analytics and research to the energy and financial sectors and whose customers are among the world's largest hedge funds, mutual funds, banks and energy concerns.
For the complete Platts Top 250 Global Energy Companies list and additional information, visit: http://www.platts.com/top250/.
About Platts
Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and commodities information. With nearly a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical, shipping, and metals markets from 17 offices worldwide. Platts' real-time news, pricing, analytical services and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com.
Web site: http://www.platts.com http://www.platts.com/top250 http://www.mcgraw-hill.com
Kathleen Tanzy, +1-212-904-2860, kathleen_tanzy@platts.com; Asia: Casey Yew, +65-653-06552; Europe: Shiona Ramage, +44-207-1766153
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