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Shell and other oil majors slip down in energy rankings

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Shell and other oil majors slip down in energy rankings

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Written by Rita Brown – 02/10/2016 6:09 pm

Shell was one of a handful of oil majors, which tumbled down the charts for this year’s Platts Top 250 Global Energy Company Rankings.

The survey considers four metrics – revenues, profits, return on invested capital and asset worth.

Shell, Chevron and ConocoPhillips all missed out on top 10 spots.

Shell slid 28 places to 31st on the list, Chevron fell 15 spaces to the 17th and ConocoPhillips tumbled a whopping 122 places, falling from seventh to the 129th spot.

“One of the biggest trends for the year has been the impact on the energy sectors most exposed to falling oil and gas prices,” Platts said in the 2016 edition of its Platts Top 250 Global Energy Company Rankings.

“The oil price downturn has devastated the earnings and profits of oil and gas producers, while downsizing and the lower price deck have shrunk asset values. At their expense, gas, power utilities and refiners have seen their prospects lifted.”

Exxon retained its first place ranking from last year thanks $16.2billion in earnings and $237billion in revenue. Korea Electric Power claimed the second spot on the list – a meteoric rise from last year’s 41st ranking.

Refiners made out best this year with Marathon Petroleum and Reliance Industries both making their top 10 debut.

“No less than four refiners now sit in the leaderboard, twice that of the previous year,” added.

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