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PFC Energy: Petrobras Is the World’s 4th Largest Listed Energy Company

In 2009, Brazil’s Petrobras rose from the ninth to the fourth place in the ranking of the 50 largest listed energy companies in the world, according to calculations by energy consultancy PFC Energy. The calculation considered the companies’ market value in December 2009.

According to PFC Energy, Petrobras’ stock value increased 103% during the year, more than the top three in the ranking (PetroChina, ExxonMobil and BHP Billiton as 1, 2 and 3). PFC Energy also highlighted Petrobras’ quick growth rate, which rose from the 23rd to the 4th place in only eight years. In this period, the company’s market value soared from $98.8 billion to $199.2 billion.

Overall, the combined market capitalization of the 50 largest energy companies rose 35% to $3.9 trillion in 2009 from $2.8 trillion the year before. The PFC Energy 50 has recovered its combined value of three years ago, but remains 26% below the $5.2 trillion high of December 2007.

Petrobras was one of two NOCs (National Oil Companies) that more than doubled their values. The other was Rosneft, with an increase from $39.7 billion to $89.2 billion that pushed it ahead 7 places, to #13 from #20 last year.

The six SuperMajors (BP, Chevron, ConocoPhillips, ExxonMobil, Royal Dutch Shell and Total), which were affected least negatively by the 2008 value decline, squeezed out an average gain below 1% in 2009; the market valuations for ExxonMobil and ConocoPhillips declined by 20% and 2%, respectively.



"Overall, the combined market capitalization of the 50 largest energy companies rose 35% to $3.9 trillion in 2009 from $2.8 trillion the year before."

So energy company capitalization rose 35% AFTER June 2008 oil $125/barrel oil fell below $40/in 2009?

Henry Gibson

The US is waiting too long to build coal to liquid fuel factories at all the major opencast mines. Carbon dioxide capture has long been used for enhanced oil production. Oil fields can be used for CO2 storage when production stops. Some rocks can absorb CO2 permanently. Oil companies are creating a shortage to get higher prices. High prices ruined and will continue to ruin the economy of the world and the the human lives that are connected to it. High oil prices caused the loss of far more human life days in the last few years than any possible several dam and nuclear disasters together. ..HG..

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