Royal Dutch Shell ranked first amongst oil and gas firms in Forbes Global 2000s List of the most important and strongest public firms, overtaking last yr’s leader Exxon Mobil Corp.
The Anglo-Dutch oil and gas giant ranked eleventh amongst all firms on the list, up from twentieth the previous yr, largely attributable to higher sales attributable to high commodity prices. Irving, Texas-based Exxon got here in thirteenth, the identical as last yr.
The Forbes Global 2000 rating is decided by combining equally weighted measures of revenue, profit, assets and market value.
Below is the total list of the most important oil and gas firms within the Asia Pacific region by revenue value:
San Ramon, California-based Chevron Corp. was the third-largest oil and gas company on the list, rating twenty first, down from 359th the previous yr. That same yr, the corporate ended the day with a lack of $431 million, partly attributable to lower commodity prices.
Fourth on the list was France’s Total SA, followed by China Petroleum & Chemical Corp., generally known as Sinopec, and PetroChina Co. Ltd.
The top ten was accomplished by BP plc, Gazprom and Rosneft of Russia and India’s Reliance Industries Ltd.
Financial results for oil and gas firms have improved significantly over the past yr as oil prices have risen. According to the U.S. Energy Information Administration, the common price of a barrel of West Texas Intermediate crude oil in 2017 was $51, up $7 from a yr earlier.
Source: Forbes 2000
