Almost all Russian companies have strengthened their positions in the new rating of 50 world’s largest oil and gas corporations Energy Intelligence. The rating was based on oil and gas reserves, extraction, sales and refinement, Vedomosti reports.
Gazprom has become one of the top 10 for the first time, shifting from 12th to 10th position. Lukoil moved from 17th to 13th, Surgutneftegaz – from 28th to 26th, THK-BP – from 34th to 32nd and Novatek – from 44th to 41st.
Rosneft shifted from 13th to 16th position. It used to be successful from the assets of Yukos, senior analyst of Energy Intelligence, Jan Nathan said. Lukoil improved its position due to a reduction of ConocoPhillips, which has sold its capital stock of Russian companies.
The top 10 companies are Saudi Aramco, NIOC (Iran), Exxon Mobil, PDV (Venezuela), SNPC (China), BP, Royal Dutch Shell, Сhevron, Total and Gazprom.
Oil and gas companies of developing states continue to challenge national and global oil and gas. majors which have been dominating for a long time, Energy Intelligence says. Ratings of national companies are usually more stable, due to low competition on the M&A market. Corporations such as BP, Statoil and Royal Dutch Shell are all active buyers and sellers of assets. But such an active regrouping of the portfolio will have no short-term changes in the rating.
Russian companies are active on the M&A market, but it has little influence on the rating, deals are often realized as foreign partnerships. for Gazprom it is ENI, for LUKOIL – ConocoPhillips. Russian companies often act as traders, such as Novatek, which sold assets to Total (France) with its current share of 14.09%.
