Russia gas monopoly Gazprom snagged the number one spot, ending US oil and gas giant ExxonMobil’s 12-year reign at the top of the list, the results of the 2017 S&P Global Platts Top 250 Global Energy Company Rankings showed on September 25. ExxonMobil is holding within the lead ten at ninth place.
According to S&P Global Platts, integrated oil and gas (IOG) companies are not the biggest movers up, even as they continue to make a strong showing as they have since the Rankings were first published in 2002. Rather, utilities and pipeline companies were among the biggest gainers. In the coveted top 10, Asia-Pacific and Europe, Middle East and Africa (EMEA) tied, both with four representations each, while the Americas has only two of the elite spots, S&P Global Platts said.
“European utilities and North American pipeline operators got a boost from sticking to what they know best and shying away from more risky enterprises and territories,” Harry Weber, senior natural gas writer of S&P Global Platts said in a press release. “Regulated utilities, in particular, have an advantage because their revenues are largely defined and consistent, and are not as susceptible to swings in oil and gas prices.”
Among this year’s biggest movers: Germany’s E.ON climbed 112 places to second place from 114th. British utility Centrica is now 15th, up from 156th. Japan’s JXTG Holdings landed just outside the top 25, at 26th, an advance of more than 100 ranks. Brazil’s Centrais Eletricas Brasileiras, known as Eletrobras, made the lead 50, at 47th, up from 193rd. And Houston-based CenterPoint Energy surged to 105 from the prior year’s rank of 220.