Royal Dutch Shell Group .com

Business Wire: PIW Ranks World's 50 Top Performing Oil Companies in Latest Annual Standings: “Shell is in a tie for fifth place with BP, due partly to its huge reserves downgrade” ( 13 Dec 04


Dec 13, 2004


Petroleum Intelligence Weekly published today its annual ranking of the world's 50 largest oil companies, which is widely recognized throughout the oil industry as the leading source of comparative assessments on the performance of the world's oil companies. While Saudi Aramco again comes first, followed by Exxon Mobil, this year's list shows many important changes.


Of particular note in this year's "Top 50" is Venezuelan state-owned PDV's slide. Long in second place, PDV has now fallen to fourth, underscoring the troubles afflicting Venezuela's oil industry. Shell is in a tie for fifth place with BP, due partly to its huge reserves downgrade. Iran's NIOC rose primarily because of an increase in reserves, while BP benefited from the creation of its new Russian affiliate TNK-BP.


The standout performer among state firms is Russia's Gazprom, which is moved up in the rankings this year from 31st to 24th place. It is likely to move much higher next year -- possibly into the top 10 -- with the takeover of Rosneft and the likely acquisition of key Yukos upstream assets. The ongoing consolidation of the Russian oil industry is producing larger firms that can compete with the super majors and the largest Opec national oil companies.


Although the era of the mega-merger looks to have passed, acquisitions continue to play the most important role in changing firms' standings. For example, among the big movers, US independent Apache moved up eight places to enter the rankings at 47th.


The rankings are based on six operational criteria that allow the comparison of private sector and state-owned oil companies.


About Energy Intelligence:


Energy Intelligence is the authoritative source of vital energy news, information, research, and analysis that drives decision-making around the world. Energy Intelligence produces some of the most well known and trusted titles in the energy business: Petroleum Intelligence Weekly, Energy Compass, Energy Intelligence Briefing, International Oil Daily, International Petroleum Finance, Jet Fuel Intelligence, Natural Gas Week, NGW's Daily Price Snapshot, Nefte Compass, Oil Daily, Oil Market Intelligence, and World Gas Intelligence.


Energy Intelligence is headquartered in New York and has offices in Houston, London, Moscow, Singapore, and Washington, D.C. More information is available at, or by calling +1-212-532-1112.Piers Warburton, +44 20 7632 4722 Fax +44 20 7404 1766

Click here to return to Royal Dutch Shell Group .com