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25 Feb, 16:39

Rosneft surpasses ExxonMobil in global oil companies rating

Other corporations in the top ten are Chevron, Gazprom and PDVSA (tied), Shell and ADNOC

MOSCOW, February 25. /TASS/. Russian oil and gas major Rosneft has overtaken ExxonMobil for fourth place in the Energy Intelligence Top 100: Global NOC and IOC Rankings, the energy agency said.

The first three positions remained unchanged, with Saudi Aramco in first, the National Iranian Oil Company (NIOC) in second and the China National Petroleum Corporation (CNPC) in third. ExxonMobil is now fifth.

"Rosneft’s advance to No. 4 is due in part to growing gas output, along with lower Exxon results," said Alex Schindelar, President of Energy Intelligence.

Other corporations in the top ten are Chevron, Gazprom and PDVSA (tied), Shell and ADNOC.

Other Russian companies in the Energy Intelligence Top 100 are Lukoil (13th), Surgutneftegaz (30th), Novatek (32nd), Tatneft (52nd), and Russneft (85th).

The Energy Intelligence Top 100: Global NOC and IOC Rankings is the only ranking system that compares National Oil Companies (NOCs) and International Oil Companies (IOCs). Six parameters are used when compiling the rating: oil reserves, natural gas reserves, oil production, natural gas production, refineries distillation capacity and sales of petroleum products.