When Forbes releases a list about successful companies, people are anxious to read who’s who among the big players. Everyone wants to know who’s winning, and who’s slipping. The list, according to Forbes, compiled by measuring each company based on revenues, profits, assets and market value.
And despite difficult times, and a downturn in oil, Forbes’ 2017 Global 2000 list of the world’s biggest and most powerful public companies has more than one oil and gas operator on it. In fact, a couple of them even made the top 20, right up there with Apple and a long list of banks from around the world.
The largest oil and gas company on the list of the world’s biggest public companies was ExxonMobil, which ranked thirteenth on the list. General Electric, which is energy-related, ranked at number 14. Still in the top 20 was Royal Dutch Shell. Many of the big name oil and gas companies are on the list, such as Phillips 66, Valero, Marathon, ConocoPhillips, and more.
If you filter by oil and gas operations in the U.S., you’ll find 26 companies in the top 2000. Chevron, which ranked number 28 last year, fell hard to number 359. According to Forbes, the company ended last year $431 million in the red but managed to swing a profit in its latest quarter.
Add oil and gas services and equipment to the list, and you’ll see another 7 names added to the list of those in the top 2000. Among them, Kinder Morgan, Schlumberger, Halliburton, Williams, Baker Hughes, Oneok, and National Oilwell Varco.
Many of the companies on the list operate across many of the oil and gas producing areas in the United States, and of course many of them operate worldwide.
Be sure to read the whole article at Forbes, or just view the list of top 2000 companies. You can sort the list by industry, country, and even by state to find out which companies, and which industries, are thriving.
Companies come back, as prices recover
The Texas-based company, ExxonMobil, is No. 13 on Forbes’ 2017 Global 2000 list of the world’s biggest and most powerful public companies, as measured by a composite score of revenues, profits, assets and market value. It slipped four spots from last year but has started to see its fortunes turn as oil prices climb. Exxon reported a 122% surge in profits in its latest quarter.
Royal Dutch Shell is the second-largest oil and gas company on our list and China’s state-controlled oil company PetroChina takes third place.
Oil companies are starting to put themselves back together now that prices have recovered from their lowest levels in a decade. A barrel of WTI crude has been sitting around $50 a barrel all year, up from $30 in early 2016. Rising prices, in addition to cost cuts and the revenue generated from side projects, is starting to help many companies turn a profit again.
Chevron, which was No. 28 last year, plunged to No. 359. The American oil company swung to a profit in its latest quarter but ended last year $431 million in the red. Like many oil companies, it has been forced to sell assets and take on debt to stay afloat. It’s begun to strike a more positive tone in recent months with CEO John Watson saying: “I think the outlook is good and I’ll tell you four years ago I wouldn’t have thought that would be the case at moderate prices.”
All in all, the top 25 oil and gas companies on the Global 2000 generated $2.2 trillion in sales during our 12-month measurement period and pocketed $73 billion in profit. That’s down from $2.6 trillion in sales and $81 billion in profit in the previous year.
ExxonMobil, USA, sales; $197.5 B, profits; $7.8 B, assets; $330.3 B, market value; $343.2 B
ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. Over the last 125 years ExxonMobil has evolved from a regional marketer of kerosene to the largest publicly traded energy company in the world. With continued investment in technology and the ingenuity of our people, ExxonMobil F&L has delivered a wide range of innovations that positively impact a large number of industries worldwide. To maintain and further cultivate innovation for today and tomorrow, nearly 75 percent of professionals hired by ExxonMobil F&L in 2011 held a technical degree.
Royal Dutch Shell, Netherlands, sales; $234.8 B, profits; $4.7 B, assets; $411.3 B, market value; $228.8 B
The Royal Dutch Shell plc, incorporated on February 5, 2002, explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company works to develop new crude oil and natural gas supplies from various fields. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products. The Upstream segment includes the operations of Upstream, which is engaged in the exploration for and extraction of crude oil, natural gas and natural gas liquids. The Downstream segment is engaged in oil products and chemicals manufacturing, and marketing activities.
China Petroleum & Chemical Corporation, China, sales; $255.7 B, profits; $7 B, assets; $216.7 B, market value; $105.1 B
China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas. Refining segment processes and purifies crude oil, which is sourced from Exploration and Development segment and external suppliers. Marketing and Distribution segment owns and operates oil depots and service stations in China. Chemical segment manufactures and sells petrochemical products, derivative petrochemical products and other chemical products to external customers.
Total, France, sales; $128.1 B, profits; $6.2 B, assets; $231 B, market value; $128.1 B
Total SA is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies. Its Corporate segment includes holdings operating and financial activities. The Company operates in the renewable energies and power generation sectors. It is engaged in various sectors of oil and gas industry.
Gazprom, sales; $91.4 B, profits; $12.1 B, assets; $265.4 B, market value; $51.8 B
Gazprom PAO operates gas pipeline systems. The Company’s principal activities include exploration and production of gas; transportation of gas; sales of gas within the Russian Federation and abroad; gas storage; production of crude oil and gas condensate; processing of oil, gas condensate and other hydrocarbons, and sales of refined products, and electric and heat energy generation and sales. The Company’s segments include Production of gas, Transportation, Distribution of gas, Gas storage, Production of crude oil and gas condensate, Refining, Electric and heat energy generation and sales, and Other. The Production of gas segment is engaged in the exploration and production of gas.
Rosneft, sales; $74.9 B, profits; $2.7 B, assets; $193.2 B, market value; $62.4 B
Rosneft is the leader of Russia’s petroleum industry, and ranks among the world’s top publicly traded oil and gas companies. The Company is primarily engaged in exploration and production of hydrocarbons, production of petroleum products and petrochemicals, and marketing of outputs. Rosneft has been included in the Russian Government’s List of Strategic Enterprises and Organizations. The state holds 75.16% in the Company (through OJSC ROSNEFTEGAZ), while approximately 15% of shares are in free-float.
PetroChina, China, sales; $214.8 B, profits; $1.2 B, assets; $344.9 B, market value; $204.5 B
PetroChina Company Limited, incorporated on November 5, 1999, is an oil and gas producer and distributor. The Company’s segments are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Company is engaged in the exploration, development, production and sale of crude oil and natural gas; the refining of crude oil and petroleum products; the production and sale of basic and derivative chemical products, and other chemical products; the marketing and trading of refined products, the transmission of natural gas, crude oil and refined products, and the sale of natural gas.
Reliance Industries, India, sales; $41.8 B, profits; $4.3 B, assets; $97.9 B, market value; $71.2 B
Reliance Industries Limited is engaged in refining, including manufacturing of refined petroleum products, and petrochemicals, including manufacturing of basic chemicals, fertilizers and nitrogen compounds, plastic and synthetic rubber in primary forms. The Company’s segments include Refining, Petrochemicals, Oil and Gas, Organized Retail and Others. The Refining segment includes production and marketing operations of the petroleum products. The Oil and Gas segment includes exploration, development and production of crude oil and natural gas. The Organized Retail segment includes organized retail business in India. The Others segment includes textile, Special Economic Zone (SEZ) development, telecom or broadband business and media.
Lukoil, Russia, sales; $74.6 B, profits; $3.1 B, assets; $83.2 B, market value; $44.6 B
NK Lukoil PAO, incorporated on July 17, 2002, is an energy company. The primary activities of Lukoil and its subsidiaries are oil exploration, production, refining, marketing and distribution. Its operations are divided into three business segments: Exploration and Production; Refining, Marketing and Distribution, and Corporate and other. The Exploration and Production segment includes its exploration, development and production operations related to crude oil and gas. These activities are primarily located within Russia, with additional activities in Azerbaijan, Kazakhstan, Uzbekistan, the Middle East, Northern and Western Africa, Norway, Romania and Mexico.
PTT PCL, Thailand, sales; $48.7 B, profits; $2.6 B, assets; $63.4 B, market value; $32.4 B
PTT Public Company Limited is a Thailand-based company engaged in the gas and petroleum businesses. The Company supplies, transports and distributes natural gas vehicle (NGV), petroleum products and lubricating oil via service stations throughout Thailand and also exports to overseas markets. Through its subsidiaries and affiliated companies, the Company is involved in exploration, production, refinery, marketing and distribution of petroleum, petrochemical products, and aromatics. In addition, the Company operates international trade businesses, including import and export of crude oil, condensates, petroleum products, petrochemicals, and sourcing of international transport vessels and carriers.
Phillips 66, USA, sales; $71.2 B, profits; $1.5 B, assets; $51.7 B, market value; $39.9 B
Phillips 66, incorporated on November 10, 2011, is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States. The Chemicals segment consists of its equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics.
Valero Energy, USA, sales; $75.7 B, profits; $2.3 B, assets; $46.8 B, market value; $29.4 B
Valero Energy Corporation (Valero), incorporated on June 8, 1981, is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations. The Company owns logistics assets (crude oil pipelines, refined petroleum product pipelines, terminals, tanks, marine docks, truck rack bays and other assets) that support its refining operations. Some of these assets are owned by VLP, which is a midstream master limited partnership owned by the Company.
Enbridge, Canada, sales; $26.1 B, profits; $1.6 B, assets; $64 B, market value; $69.3 B
Enbridge’s mainline system comprises the Canadian Mainline and the Lakehead System. The Canadian Mainline is a carrier pipeline system which transports various grades of oil and other liquid hydrocarbons within western Canada and from western Canada to the Canada/United States border near Gretna, Manitoba and Neche, North Dakota and from the United States/Canada border near Port Huron, Michigan and Sarnia, Ontario to eastern Canada and the northeastern United States. The Canadian Mainline included six adjacent pipelines, with a combined design operating capacity of approximately 2.85 million Barrels per day (bpd) that connected with the Lakehead System at the Canada/United States border.
Repsol, Spain, sales; $38.4 B, profits; $1.9 B, assets; $68.4 B, market value; $23.8 B
Repsol SA (Repsol) is an integrated energy company. The Company’s segments include Upstream, Downstream, and Corporation and others. The Upstream segment carries out oil and natural gas exploration and production activities, and manages its project portfolio. The Downstream segment includes covers the supply and trading of crude oil and other products; oil refining and marketing of oil products, and the production and marketing of chemicals. It owns and operates five refineries in Spain (Cartagena, A Coruna, Bilbao, Puertollano and Tarragona) with a combined distillation capacity of approximately 900 thousand barrels of oil per day.
Oil & Natural Gas, India, sales; $19.9 B, profits; $2.2 B, assets; $57.7 B, market value; $37.2 B
Oil and Natural Gas Corporation Limited is a global energy holding company. The Company is engaged in the exploration, development and production of crude oil and natural gas. The Company’s segments include Exploration & Production (E&P), and Refining. The Company’s geographical segments include operations in two categories: In India, which includes Onshore and Offshore, and Outside India. The Company’s business spread include various areas, such as oil field services, transportation of the oil and natural gas, and production of value-added products, such as Liquefied Petroleum Gas (LPG), Naphtha, Refining, Petrochemicals, Power, unconventional and alternate sources of energy.
Indian Oil, India, sales; $54.1 B, profits; $1.7 B, assets; $37.3 B, market value; $30 B
Indian Oil Corporation Limited is engaged in refining business. The Company’s segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses. Its Other businesses segment includes sale of gas, explosives and cryogenics, wind mill and solar power generation, and oil and gas exploration activities. It operates approximately 25,000 petrol and diesel stations, including over 6,200 Kisan Seva Kendra outlets in the rural markets. It owns and operates over 10 refineries with a combined refining capacity of over 80.7 million metric tons per annum.
Marathon Petroleum, USA, sales; $56 B, profits; $1.2 B, assets; $44.4 B, market value; $26.4 B
Marathon Petroleum Corporation, incorporated on November 9, 2009, is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. As of December 31, 2016, the Company owns and operates seven refineries in the Gulf Coast and Midwest regions of the United States with an aggregate crude oil refining capacity of 1,817 thousand barrels per calendar day (mbpcd). Its refineries include crude oil atmospheric and vacuum distillation, fluid catalytic cracking, hydrocracking, catalytic reforming, coking, desulfurization and sulfur recovery units.
Surgutneftegas, Russia, sales; $13.9 B, profits; $7.8 B, assets; $60.9 B, market value; $18.5 B
Surgutneftegaz OAO (Surgutneftegaz OJSC), incorporated on October 18, 2002, is an oil company. The Company is engaged in the exploration, production, processing and sale of oil and gas, as well as sale of oil and gas products. Its other financial and business activities include banking and insurance activities, and provision of other goods, works and services. The Company’s segments include Exploration and production, which is engaged in the exploration, evaluation, production of oil and gas, and oil sale; Refining and sale, which is engaged in oil and gas processing, sale of refined products and the activity of the Company’s subsidiaries involved in refining and refined products sale, and Other activity.
Gas Natural Fenosa, Spain, sales; $25.6 B, profits; $1.5 B, assets; $49.7 B, market value; $21.7 B
Gas Natural SDG, SA (Gas Natural Fenosa) is a Spanish multinational engaged in the generation, transmission, distribution and sale of electricity, and the distribution and sale of gas. Following the merger with power company Unión Fenosa, the group operates in 30 countries worldwide, where it owns combined-cycle, hydro, nuclear, coal-fired, and renewable energy plants with over 14GW in installed capacity. Gas Natural Fenosa has operations in Argentina, Brazil, Colombia, Costa Rica, Chile, Mexico, Dominican Republic, Guatemala, Puerto Rico, Peru, and Panama.
Kinder Morgan, USA, sales; $12.9 B, profits; $704 M, assets; $80.3 B, market value; $48.1 B
Kinder Morgan, Inc., incorporated on August 23, 2006, is an energy infrastructure company in North America. The Company operates through five segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines and Kinder Morgan Canada. As of December 31, 2016, the Company owned an interest in or operated approximately 84,000 miles of pipelines and 155 terminals. The Company’s pipelines transport natural gas, refined petroleum products, crude oil, condensate, carbon dioxide (CO2) and other products, and its terminals transload and store petroleum products, ethanol and chemicals, and handle such products as steel, coal and petroleum coke. The Company is a producer of CO2, which others utilize for enhanced oil recovery projects in the Permian basin.
BP, United Kingdom, sales; $183.8 B, profits; $115 M, assets; $263.3 B, market value; $114.7 B
BP p.l.c., incorporated on April 14, 1909, is an integrated oil and gas company. The Company holds interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing. The Downstream segment has global manufacturing and marketing operations. The Rosneft segment has a resource base of hydrocarbons onshore and offshore. The Other businesses and corporate segment comprises the biofuels and wind businesses.
Chevron, USA, sales; $110.5 B, profits; $-497 M, assets; $260.1 B, market value; $206.1 B
Chevron Corporation (Chevron), incorporated on January 27, 1926, manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil by international oil export pipelines; processing, transporting, storage and marketing of natural gas, and a gas-to-liquids plant.
Centrica, United Kingdom, sales; $36.6 B, profits; $2.3 B, assets; $27.1 B, market value; $14.8 B
Centrica plc is an energy and services company. The Company’s segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage. The Company is engaged in the supply of gas and electricity to residential customers in the United Kingdom, and the installation, repair and maintenance of domestic central heating, plumbing and drains, gas appliances and kitchen appliances, including the provision of fixed-fee maintenance/breakdown service and insurance contracts in the United Kingdom.
Petrobras, Brazil, sales; $81.1 B, profits; $-4.3 B, assets; $247.3 B, market value; $61.3 B
Petroleo Brasileiro SA-Petrobras (Petrobras), incorporated on October 3, 1953, operates on an integrated basis and specializes in the oil, natural gas and energy industry. The Company, through its subsidiaries, is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks, as well as oil products, natural gas and other liquid hydrocarbons. The Company operates in five segments: Exploration and Production (E&P); Refining, Transportation and Marketing (RT&M); Gas and Power; Biofuels; Distribution, and Corporate.
Sempra Energy, USA, sales; $10.2 B, profits; $1.3 B, assets; $47.8 B, market value; $27.5 B
Sempra Energy, incorporated on October 11, 1996, is a holding company. The Company’s principal operating units are Sempra Utilities. Sempra Renewables has operations, investments or development projects in the various United States markets. Sempra LNG & Midstream develops and invests in liquefied natural gas (LNG)-related infrastructure in North America, develops and operates natural gas storage facilities in Alabama and Mississippi and owns an interest in a liquefaction project in Louisiana. It also focuses on authorization to develop an LNG natural gas liquefaction and export terminal in Port Arthur, Texas.
Source: “EnergyWorld” magazine, July-August 2017, No 19