博彩对冲

Shifting upstream and downstream strategies evident among IOCs and NOCs

Oil and gas remain central to the global energy complex鈥檚 growth story. The latest 博彩对冲 Top 100: Global NOC & IOC Rankings highlight the ongoing quest for growth and returns, even as upstream and downstream strategies among top players continue to evolve.

Top 100 companies, which account for 70%-80% of global oil and gas activity, are ranked annually according to performance in six operational metrics: oil and gas reserves, oil and gas production, product sales and refinery distillation capacity. Rankings are calculated annually from the previous year鈥檚 data to include those reporting results late in the year.

Key findings from our latest ranking include:

• Membership in the Top 10 represented around 34% of global oil and gas production in 2023. This group encountered another dramatic change as another supermajor dropped out and was replaced by an NOC.
  
• Saudi Aramco, National Iranian Oil Co. (NIOC) and China National Petroleum Corp. (CNPC) retain their first, second and third spots. Exxon Mobil relinquished its No. 4 spot, which it had held for seven years, to Rosneft.
  
• Adnoc entered the Top 10 for the first time. Kuwait Petroleum Corp. (KPC), which has not been a Top 10 company since the 1990s, is at the No. 11 spot, poised to re-enter the group if there is further upheaval among top companies.
  
• US and Canada-focused companies (excluding supermajors) represented 32 of the Top 100 companies. Consolidation remains a key theme, with several of the largest companies in this group searching for growth or longer-term stability through acquisitions.
  
• Shale players Comstock Resources (No. 77), Permian Resources (No. 87) and Civitas Resources (No. 91) all make their acquisition-fueled Top 100 debuts.
  
• M&A activity in 2023-24 means the journey ends for veteran Top 100 names like Southwestern Energy and Chesapeake Energy, along with Pioneer Natural Resources, Marathon Oil and Hess (pending conclusion).

You can learn more about the Top 100: Global NOC & IOC Rankings 鈥� and our Competitive Intelligence Service 鈥� in the Key Findings download.
 
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The Top 100: Global NOC & IOC Rankings is part of the which provides forward-looking analysis, peer-group benchmarking, and insights on corporate strategies. We deliver a combination of news, analysis, data and research to help clients benchmark their position against peers, competitors and partners, and manage shareholder expectations.