Gazprom is out of world energy companies top division

Gazprom is out of world energy companies top division

According to S&P Global Platts, Gazprom collapses from the first rank to the 17th one. The US ExxonMobil tops the list.

Gazprom has aggravated positions in the rating of the world's largest energy companies according to S&P Global Platts. It drops to the 17th line, according to the 2018 rating.

At the same time, LUKOIL joins the top. It comes in second. The US ExxonMobil regains its top lost in 2017.

Among Russian companies, Transneft also makes the top 50 list - it drops from 14th to the 30th notch. Surgutneftegaz dramatically improves its position, jumping immediately from 165th to 35th line. Rosneft follows it; it was on the 22nd place in 2017.

Russian Tatneft (54th place) and NOVATEK (60th) join Golden 100. The only Russian energy company on the list, not representing the oil and gas sector, is Rosseti (56th).

In 2017 Gazprom changed ExxonMobil on the first line after 12 years of the lead of the US company. In 2018, ExxonMobile's re-entry to the first place occurred "against the backdrop of oil prices raise and expectations for an export boom."

The final report of S&P Global Platts highlights the success of LUKOIL. "Russian LUKOIL reports on spending on new technologies that open up opportunities for the company to increase production and reserves. Head of the company Vagit Alekperov describes the success, pointing out that the financial indicators reached a historic peak,” the full report says.

On September 20, RBC published the fourth rating of 500 Russia's largest companies. Gazprom took the first place with annual revenue of 6.546 trillion rubles, keeping the leadership retained since the publication of the rating in 2015. LUKOIL came in second with yearly revenues of 5.475 trillion rubles, on the third - Rosneft (5.030 trillion rubles).

Tags: Gazprom
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