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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