Cairn India is the fastest growing energy company: Platts

Cairn India is the fastest growing energy company: Platts

Seventy Asian oil and gas companies, including those from India and China, were ranked in the 2012 Platts Top 250 Global Energy Company Rankings based on their financial performance in 2011.

While ExxonMobil maintained its number one position in the list, Cairn India topped the list for fastest growing companies with a three-year CGR of 119.8 per cent, Platts said at the award ceremony held here last night.

Of the 12 Indian companies in the global Top 250 rankings, half appeared on the 50 Fastest Growing list, which included Reliance Industries, Coal India, Indian Oil Corp and Gail, Platts said.

China had 23 companies in the Top 250 list compiled by Platts, a global energy, petrochemical and metal information service provider. Commenting on the Asian companies performance, Platts President Larry Neal said the Asian companies were outperforming themselves year after year, which reflected the enormous growth and energy demand potential in the region.

The list, however, was dominated by Western oil & gas majors, taking the top eight ranking of the list. ExxonMobil, which has maintained its number one position on the list for the past eight years, was followed by Royal Dutch Shell, Chevron Corp, BP Plc, OJSC Gazprom, Statoil, Total and ConocoPhillips.

Chinese major PetroChina came in on the ninth spot with Roseneft Oil on 10. The Platts Top 250 Global Energy Company Rankings, now in their 11th year, are based on data compiled and maintained by S&P Capital IQ, which, like Platts, is a part of The McGraw-Hill Companies.

The 2012 rankings reflect fiscal 2011 financial performance in four key areas: asset value, revenues, profits and return on invested capital (ROIC).