PetroChina is world’s biggest energy company, PFC Energy says

Chinese state company PetroChina has knocked US company ExxonMobil from the top spot to become the world’s biggest energy company in 2009 in a list of 50 companies published each year by US consultancy PFC Energy.
Source:ECF     Time:28 Jan 2010
 Washington, United States – Chinese state company PetroChina has knocked US company ExxonMobil from the top spot to become the world’s biggest energy company in 2009 in a list of 50 companies published each year by US consultancy PFC Energy.

The list, in which companies are ranked according to their market capitalisation, is headed by PetroChina (2nd in 2008) with a market cap of US$353.1 billion, followed by ExxonMobil (1st in 2008) with US$323.7 billion and in third place Australia’s BHP Billiton (7th in 2008) with US$201.1 billion.

In fourth place is Brazil’s Petrobras with a market cap of US$199.2 billion, which rose five places as compared to the 2008 ranking.

The top ten is completed by Anglo-Dutch company Royal Dutch Shell (US$186.9 billion), Britain’s BP (US$181.8 billion), China’s Sinopec (US$159.3 billion), US company Chevron (US$154.5 billion), France’s Total (US$151.4 billion) and Russia’s Gazprom (US$144.2 billion).

As well as Petrobras, the only Brazilian company included in the list of the top 50 companies in the sector, is OGX, an oil and gas company of the EBX group, owned by businessman Eike Batista, in 33rd place, with a market cap of US$31.7 billion
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