“Gazprom” has returned to the three largest energy companies

Photo: Oleg Yakovlev/RBC

“Gazprom” for the first time since 2011, got to the three largest energy companies in the world according to S&P Global Platts. During the year the Russian company has risen to 40 lines — from 43rd to third place

ExxonMobil for the 12th time won the first place in the ranking of world largest energy companies in the S&P Global Platts Top 250. This was reported on the website of S&P Global Platts. Second and third places received respectively by the South Korean Korea Electric Power Corp. (Kepco) and Russian “Gazprom”.

Last time “Gazprom” entered the top three rankings of energy companies in the S&P Global Platts in 2011. Subsequently, the Russian monopoly has lost third place, but remained in the top ten — with the exception of 2015, when “Gazprom” has occupied 43-e a place (Kepco, this year runner-up, was then 41).

In 2015 “Gazprom” took off from dozens of major energy companies due to the sharp fall of the ruble to the dollar, which caused foreign exchange losses and the payment of the debts and the rollover of credit lines, it is noted in the notes to the rating. Now the company has managed to recover from that fall. If the revenue of “Gazprom” took the ninth place among the largest energy companies ($90,266 billion), net profit surged to second place ($11,698 billion), giving this indicator only ExxonMobil ($16.15 in billion).

High level of net profit was decisive, because the rating of Platts, which includes companies with total assets over $5 billion, based on the four major indicators: total assets, revenue, net profit and rate of return on invested capital (ROIC).

Russian oil companies exporting raw materials, due to the devaluation of the ruble has hit the top 10 or improved their positions in this list are noted in the explanations. LUKOIL has risen on seven lines (from the 13th to sixth place), beating “Rosneft”, which in 2015 had closed the top ten, and this year is ranked seventh. LUKOIL outperformed the major Russian oil and gas company by revenue ($85,45 billion against $75,32 billion) and increased ROIC (7% vs 6%), although they lost by total assets and size of net income, follows from the materials of the Agency.

“Surgutneftegaz” for the first time entered the top-10, finishing in ninth place: the company was the world’s fourth largest net income ($10.5 billion) and second — the level of return on invested capital (20%), leaving far behind the Russian and international competitors. On this indicator it has bypassed only Indian Coal India (41%), which in the overall rating, as a year ago, took 38 th place.

The majority of the world’s largest oil and gas companies, on the contrary, worsened their position in the ranking due to the ongoing fall in oil prices. The first ten were not included U.S. Chevron and ConocoPhillips, Anglo-Dutch Shell, the Chinese CNOOC and PetroChina.

In 2015 the growth rate of the energy companies has slowed sharply, data from S&P Global Platts: the average growth rate over three years was 0.92% as against 7.3 per cent in 2014 and 10% in 2013. Among Russian companies in a list of fastest growing hit NOVATEK (eighth place), which last year was in the lead, “Rosneft” (17), inter RAO (23rd) and Gazprom (44th).

Comprehensive income 28 the largest energy companies in the world by the end of 2015 fell by almost 5.5% from $139,34 billion to $of 25.73 billion This is the lowest level since the launch of the rankings in 2002, is marked in materials S&P Global Platts.

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