ONGC highest ranked Indian energy firm in Platts global rankings

ONGC CMD DK Sarraf

MAHARATNA PSU oil major Oil and Natural Gas Corp (ONGC) has overtaken Reliance Industries to become the highest ranked Indian energy firm on this year's Platts Global 250 Rankings.

ONGC, which in 2013 was ranked 22nd, improved...

one position in this year's ranking that is led by global giants Exxon Mobil Corp, Chevron and Royal Dutch Shell.

Indian Oil Corp, the nation's largest oil refiner and fuel marketing firm, made a big jump to break into top 50 global energy firms club.

IOC improved from 80th rank in 2013 to 43rd in this year's ranking.

The 2014 Platts top 250 Global Energy Company Rankings were revealed on October 28 at the 9th annual Top 250 Asia Awards Dinner in Singapore.

Coal India Ltd, the world's largest coal producer, slipped four places to settle at 47 in this year's ranking. Power utility NTPC slipped one place to 50th this year.

Bharat Petroleum Corp Ltd (BPCL) made the biggest leap when it jumped from 119th rank last year to 66th in this year's edition. Gas utility GAIL also improved its ranking from 105 to 97.

Oil India Ltd, the nation's second largest state explorer made its entry into the prestigious list for the first time at 208^th position.

"The Platts Top 250 Global Energy Company Rankings recognize outstanding accomplishments of the top performing energy companies around the world. Each company listed in the Platts Top 250 has distinguished itself through its remarkable performance and the outstanding efforts and dedication of its team in the previous year," Platts said in statement.

Platts used four key metrics — asset worth, revenues, profits, and return on invested capital, to assess the energy companies' financial performance.

Essar Oil has been ranked as the 16th fastest growing company in the world with a 27.9 per cent Compounded Growth Rate (CGR) in last three years. Cairn India is 25th on the list with 22.2 per cent CGR. GAIL is ranked 32nd with 20.5 per cent CGR on the list, which also has RIL at 46th position with 17.8 percent CGR.

The rankings also showcase the world's fastest-growing energy companies, based on each company's compounded revenue growth over a three-year period.

"All companies on the (Global 250) list have assets greater than USD 5 billion. The fundamental and market data comes from a database compiled and maintained by S&P Capital IQ, a business unit of McGraw Hill Financial," Platts said.

Platts also distinguishes best performance in nine industry subcategories and three global regions. The industry breakdown includes coal and consumable fuels, diversified utility, electric utility, exploration and production, gas utility, independent power producers, integrated oil and gas refining and marketing and storage and transfer.

In terms of regional breakdown, it divides the world into Asia, Europe/Middle East/Africa and Americas.