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The 15 Biggest Oil Companies In The World

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Platts is out with its annual ranking of the top 250 oil companies, which they rank based on asset worth, revenues, profits, and return on invested capital.

As expected ExxonMobil retained its position at the top of the list.

Otherwise, there were many changes compared to a year ago.

"Asia-Pacific's energy companies have improved their relative position in the Platts 2012 top 250 rankings, placing 12 companies in the top 50 in comparison with 9 in the 2011 listing," wrote Platts' Ross McCracken.

We pulled the top 15.

15 - TNK-BP

Country: Russia

Assets: $35 billion

Revenues: $53 billion

Profits: $1 billion

Proved reserves: 9 billion barrels of oil equivalent

Previous rank: 20

Comment: TNK-BP was just purchased by state-owned Rosneft, though Russian ministers insist TNK will remain privatized, according to the FT

Source: Platts



14 - Ecopetrol

Country: Colombia

Assets: $52 billion

Revenues: $37 billion

Profits: $9 billion

Proved reserves: 2 billion barrels of oil equivalent

Previous rank: 23

Comment: Ecopetrol is now the largest oil company in South America, replacing Petrobras.

Source: Platts



13 - CNOOC

Country: China

Assets: $60 billion

Revenues: $38 billion

Profits: $11 billion

Proved reserves: 3.19 billion barrels of oil equivalent

Previous rank: 15

Comment: CNOOC will complete its largest foreign takeover when it buys out Canada's Nexen for $15.1 billion, according to BusinessWeek.

Source: Platts



See the rest of the story at Business Insider

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