Gazprom steals spotlight from Exxon Mobil

Russian energy company Gazprom was ranked by S&P Global Platts as the top financial performer of the year, ending the reign for Exxon Mobil. Only two U.S. companies were in the Top 10 list of the biggest financial performers, and Exxon’s move from No. 1 to No. 9 was the first time in 12 years it wasn’t ranked at the top. U.S. refiner Valero Energy Corp. was ranked No. 8, down from the No. 3 spot last year. Ed Hirs, an energy economist at the University of Houston, told Platts that government support may explain the change in rankings. “In an environment like we have had this past year, those companies such as ExxonMobil and Chevron […]

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