Pace Environmental Notes, the weblog of the Pace University School of Law’s Environmental Collection, is a gateway to news, recent books and articles, information resources, and legal research strategies relevant to the fields of environmental, energy, land use, animal law and other related disciplines.
Friday, January 28, 2011
Definitive Annual Ranking of the World's Largest Listed Enegry Companies -- PFC Energy
ExxonMobil, with a market capitalization of $368.7 billion, regained the top position it has held almost every year on the PFC Energy 50 list. Last year's leader PetroChina closed the year 18% behind ExxonMobil, following a 14% decline in its market value. Petrobras rises to #3 this year, with a $228.9 billion value. Petrobras has grown from $13.5 billion and twenty-seventh position on the first PFC Energy 50 list in 1999 -- an impressive 27% compound annual growth rate...The $3.9 trillion combined value of the PFC Energy 50 remains 27% lower than the landmark $5.2 trillion achieved three years ago at oil prices not far from current levels. Continuing a trend, upstream-focused E&P companies outperformed SuperMajors, with 18% average value growth. The largest value gains were posted by the oilfield service sector and North America-focused E&P companies. In contrast, the value of the six SuperMajors increased only 4%. Within this group, gains of 32% at ConocoPhillips, 19% at Chevron and 14% at ExxonMobil were offset by declines of 25% at BP and 18% at TOTAL. Although the combined value of the 14 returning emerging markets companies was essentially unchanged, some of the top performers were in that group, including: Ecopetrol (share price +77%), NOVATEK (+94%) and TNK-BP (+58%). Within the NOC group, Ecopetrol (+77%), CNOOC (+51%) and Petrobras (+15%) posted impressive market cap gains while Sinopec, Rosneft, PetroChina and Statoil lost value
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