Is This The End Of U.S. Dominance In Global Energy?

26 Sep 2017   Russia, USA

Russia’s Gazprom ranked no.1 in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, toppling ExxonMobil and ending its 12-year reign at the top spot, S&P Global Platts said in what it defined as the most profound change in the 16-year history of the ranking . The second most profound change was that integrated oil and gas companies were not the biggest movers up—ceding that role to pipeline companies and utilities—although they continue to be strong on the list, as they have been since S&P Global Platts started publishing the rankings in 2002. In its annual list, S&P Global Platts ranks energy firms according to four metrics of financial performance—asset worth, revenues, profits, and return on invested capital. Exxon not only lost its no.1 spot on the list, it slipped to 9 th place. In the top 10 this year, the Americas hold only two spots, while […]

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