Bloomberg News

Exxon Top-Ranked Energy Firm, PetroChina Fourth, Platts Says

November 02, 2011

(Updates with ranking explanation in second paragraph.)

Nov. 2 (Bloomberg) -- Exxon Mobil Corp. kept its rank as the best-performing energy company, while PetroChina Co. beat Total SA and Royal Dutch Shell Plc to become the first and only Asian company in the top five, according to a list published by energy pricing service Platts.

The Platts Top 250 Global Energy Company Rankings reflect a firm’s financial performance in fiscal 2010 in asset worth, revenue, profit and return on invested capital, the energy news and pricing arm of McGraw Hill Cos. said today in a statement.

Cairn India Ltd., the energy explorer being acquired by Vedanta Resources Plc, was the fastest-growing Asian company on the list, according to Platts. The firm was placed 120 in the overall ranking.

Apart from PetroChina, China Petroleum & Chemical Corp., known as Sinopec, was the only other Asian company to rank in the global top 10, the pricing service said.

Britain’s BP Plc, Petroleo Brasileiro SA, the Brazilian state-controlled oil company, and EON AG, Germany’s largest utility, lost their places in the top 10. BP’s ranking fell to 118 from second, while EON went to 13th from sixth and Petrobras slipped to 12th from fourth, according to Platts.

--Editor: Raj Rajendran, Rachel Graham.

To contact the reporter on this story: Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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