Some of these oil companies have strong operations in Brazil, a great opportunity to outline strategies and career plans
A oil company Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000 list of the largest and most powerful publicly traded companies, beating last year's leader, Exxon Mobil Corp. The Anglo-Dutch oil and gas giant ranked 11th among all companies on the list, up from 20th the previous year, mainly due to higher sales of its commodities. Exxon, of Irving, Texas, came in 13th, up from last year.
Ranking Top 10 Oil Companies
- Royal Dutch Shell
- Exxon Mobil Corp
- Chevron Corp.
- Total SA
- Sinopec
- PetroChina Co
- BP PLC
- Gazprom
- Rosneft
- Reality Industries
Chevron Corp. — based in San Ramon, Calif., was the third-largest oil and gas company on the list, at No. 21 compared to No. 359 a year earlier, which ended up $431 million in the red because of lower commodity prices, among other things. .
Total SA – from France, ranked fourth on the oil and gas company list, followed by China Petroleum & Chemical Corp., known as Sinopec, and PetroChina Co. Ltd.
BP PLC, Gazprom and Rosneft, from Russia, and the Indian Reliance Industries Ltd. completed the top 10.
The Forbes Global 2000 is determined by a score composed of equally weighted measures of revenue, earnings, assets and market value.
Market forecasts, prices and fluctuations
Financial results for oil and gas companies have improved considerably in the past year due to rising oil prices, with West Texas Intermediate peaking at $51 a barrel in 2017, up $7 a barrel from a year earlier, according to the US Energy Information Administration.
WTI crude oil prices surpassed $72 a barrel earlier this year before dropping to around $65 after ministers from Russia and Saudi Arabia indicated they may increase production later this year in response to President Donald Trump's criticism of rising prices.
While oil prices have fallen from their highs this year, Andy Lipow of consultancy Lipow Oil Associates said he expects oil prices to rebound to $80 from a recent $75 as Venezuelan production slumps, the impact of Iranian sanctions on supply becomes clearer. Saudi prefers higher prices ahead of Aramco's IPO. ”
The top 25 oil and gas companies in the Forbes Global 2000 earned $144,6 billion on sales of $2,9 trillion during the list's 12-month period, well up from $73 billion on sales of $2,2 trillion a year earlier.
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