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Shell Tops Leading Oil/Gas Cos. on Forbes Global 2000, with U.S.-based ExxonMobil Close Behind

June 7, 2018
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Big oil majors failed to crack the Top 10 in the Forbes Global 2000 list of publicly traded companies, but Royal Dutch Shell plc eked out the 11th spot, surpassing ExxonMobil Corp., which was ranked 13th.

The 16th annual list included companies from 60 countries, which collectively, accounted for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value.

Worldwide, all of the metrics climbed by double-digits year/year, with profits climbing by 28%, according to the compilation.

“The top 25 oil and gas companies on the Forbes Global 2000 earned $144.6 billion on sales of $2.9 trillion during the list's 12-month measurement period, way up from $73 billion in earnings on sales of $2.2 trillion the previous year and $81 billion in earnings on sales of $2.6 trillion the year before that,” Forbes noted.

The 10 leading oil and gas companies included two U.S.-based operators, ExxonMobil and San Ramon, CA-based Chevron Corp., which came in at No. 21. Forbes noted that Chevron climbed from the 359th biggest company a year ago.

Shell climbed from No. 20 last year, besting ExxonMobil, which remained in the same place.

Among the oil and gas giants in the Top 100, France’s Total SA was ranked 26th, followed by China Petroleum & Chemical Corp., better known as Sinopec, came in at No. 27, while PetroChina Co. Ltd. took the 30th place.

BP plc was at No. 36 on the list. Russia’s Gazprom was at No. 34 and Rosneft was at No. 73. India’s Reliance Industries Ltd. rounded out the top 10 at No. 83.

Norway’s Equinor ASA, formerly Statoil, came in at No. 91, while Italy’s Eni SpA was ranked 95th. Russia’s Lukoil rounded out the oil and gas leaders cracking the first 100 companies at No. 98.

The Forbes Global 2000 is determined by a composite score of equally weighted measures of revenue, profits, assets and market value.

“For the first time since 2015, China and the U.S. split the top 10 evenly this year,” Forbes noted. “China is home to 291 Global 2000 companies while the U.S. is on top with 560.”

However, the United States “still dominates in terms of the amount of companies on the overall list, boasting almost 30% of the total.”

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