MEDIA RELEASE PR42020
68 Asian Companies Among 2010 Platts Top 250 Global Energy Companies
SINGAPORE, Nov. 3, 2010 /PRNewswire-AsiaNet/ --
PetroChina Company Limited again took first place among the Asia-Pacific companies and moved up two places
to rank seventh worldwide when the ninth annual Platts Top 250 Global Energy Company Rankings(TM) were
unveiled here yesterday evening. PetroChina was among 68 Asian companies - up from 55 last year - that were
honored at Platts' fifth annual Asia Leadership Awards and Recognition dinner held in partnership with Singapore
The Platts 2010 rankings recognize the 2009 financial performance of energy companies based on a
combination of assets, revenues, profits and return on invested capital.
"Our 2010 list of top-performing companies demonstrates that Asia has, as a whole, substantially improved its
position in the global energy firmament over the course of 2009," said Vandana Hari, Platts' Asia editorial director.
"Nine of the top ten Asian companies moved up in the global rankings, as did 15 of the top 20."
China and India Maintain the Lead
Asia's top 10 continue to be dominated by Chinese and Indian companies, with PetroChina leading the way.
China Petroleum & Chemical Corporation (Sinopec) took second place regionally, ousting China National Offshore
Corporation (CNOOC), which fell to sixth place, and came in at number eight in the global rankings. China
Shenhua Energy Company moved up two places regionally to take fifth place among the Asia frontrunners and
leaped 21 spots on the global list, coming in at #19 in the global rankings.
India's Reliance Industries moved from fourth to third place among Asian companies and ranked 13th globally,
while the state-owned upstream giant Oil and Natural Gas Corporation rose from fifth to fourth place on the regional
list and to 18th place globally. India's state-owned power producer NTPC remained in tenth place among Asian
companies, but simultaneously jumped 21 places to come in at #52 in the global rankings.
Power Companies Prevail Among Newcomers
Power sector companies were predominant among the 13 Asian newcomers and re-entrants to the Platts Top
250. They include four Chinese power producers, Shenzhen Energy Group, Huadian Power International Group,
GD Power Development Company, and Shenergy Company; four utilities, India's Tata Power Company,
Philippines' Manila Electric Company, Japan's Hokkaido Electric Power Company and Malaysia's YLT Corp
Berhard, the two latter companies returning to the list; and one coal company, Indonesia's PT Adaro Energy Tbk.
Rounding out the ranks of the newcomers and re-entrants were four refining and marketing companies, one each
from Australia and Japan, and two from Thailand; and one exploration and production company, Japan Petroleum
Exploration Company (JAPEX).
Fastest Rising and Fastest Growing in Asia
The fastest rising company in Asia was Australia's Origin Energy, which jumped to eighth place regionally and
45th place globally this year, from 47th and 201st place, respectively, last year. Origin's meteoric rise was due to
an extraordinary turnaround in profitability related to U.S. major ConocoPhillips joining it as a co-venturer in
Australia Pacific LNG. Other fast-rising Asian companies were Taiwan's Formosa Petrochemical, which leapt to
ninth place from 18th place regionally and to 49th place from 113th place globally, and Korea's GS Holdings, which
moved up 53 places to land the 111th spot in the Platts global rankings and become #24 on the regional list.
Twenty-two Asia-Pacific companies were counted among the 50 fastest growing global energy companies, twice
the number as last year. With a three-year compound growth rate (CGR) of 50.5%, Hong Kong-based IPP China
Resources Power Holdings ranked first among the fastest growing Asian companies and third among the global
contenders. Thailand's PTT Aromatics and Refining Plc came in second regionally and seventh globally with a
three-year CGR of 44.4%. Three Asian newcomers to the Platts Top 250 list followed in the next three positions,
simultaneously leaping into the ranks of the world's fastest growing energy companies. Adaro Energy, Indonesia's
second largest coal miner, was the ninth fastest growing company in the top 250 with a three-year CGR of 40.3%;
Tata Power Company, India's largest integrated private power company, ranked tenth globally with a three-year
CGR of 39.7%; and China's Huadian Power International Group came in 12th place with a three-year CGR of
34.3%.
The Platts Top 250 Global Energy Company Rankings(TM) are based on data from Capital IQ, Standard &
Poor's business, which, like Platts, is a division of The McGraw-Hill Companies. To be ranked, companies must
have assets greater than US$3 billion and must be publicly listed.
Platts' 2010 global performance rankings were unveiled yesterday evening at the company's fifth annual Asia
Leadership Awards and Recognition Dinner, held at Singapore's Marina Bay Sands in partnership with Singapore
executives from across Asia, also celebrated the accomplishments of the top Asian energy companies within the
Top 250. For the second consecutive year, SolArc, Inc. (http://www.solarc.com), a global provider of commodity
supply, trading and risk management software and services, served as a sponsor.
An in-depth analysis
(http://www.platts.com/IM.Platts.Content%5Caboutplatts%5Cmediacenter%5Ctop250powersectorrevivalinsight.pdf)
of this year's rankings by Ross McCracken, editor of Platts' Energy Economist, is featured in the November issue of
rankings and more information, please go to the Platts Top 250 website (http://platts.com/Top250Home) or media
About Platts: Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of
Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil
markets from 17 offices worldwide. Platts' real-time news, pricing, analytical services and conferences
analysts, and industry leaders depend upon Platts to help them make better business decisions. Additional
SOURCE: Platts
CONTACT: Kathleen Tanzy
+1-212 904-2860 or +1-917 331-4607
kathleen_tanzy@platts.com
or Additional Media Contacts, Asia:
Casey Yew
+65 653 06552
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