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SINGAPORE -- Despite price volatility, a global recession, demand swings and more, the major oil companies maintained their hold on the 2009 Platts Top 250 Global Energy Company Rankings, which list the world's top-performing energy businesses.
Irving, Texas-based Exxon Mobil Corp. ranked No. 1 for the fifth year in a row. San Ramon, Calif.-based Chevron Corp., ranked second, while Royal Dutch Shell plc placed third. Coming in at fourth and fifth were BP plc and Total SA, respectively.
Altogether, integrated oil and gas companies (IOGs) secured the 13 top spots in the 2009 rankings, and 30 of the top 50 places, according to Platts.
"Besides showing the continued leadership of the international oil companies, the rankings highlight the rising importance of emerging market entities and stronger performances by utilities," Platts President Larry Neal said in a statement. "Clearly, the ups and downs of the rankings reflect the opportunities and challenges of the various sectors -- exploration and production companies benefited from new finds, utilities enjoyed green-related investments, and storage companies got a boost from the slow demand that bit into refiners' margins."
The Platts Top 250 rankings are based on a combination of assets, revenues, profits and return on invested capital, using data from Capital IQ, a database compiled and maintained by Platt's sister company, Standard & Poor's, which are both divisions of The McGraw-Hill Companies. To be ranked, companies must have assets greater than $2 billion and must be publicly listed.
Platts' 2009 rankings were unveiled at the company's fourth annual Asia Leadership Awards and Recognition Dinner, held this year at Singapore's Shangri-la Hotel in partnership with Singapore International Energy Week, Platts stated.
For complete rankings and information go to www.platts.com/MediaKits.aspx?xmlfile=mediaTop250.xml.
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