Posted By Carolyn O'Hara Share

Petroleum Intelligence Weekly's annual ranking of the world's top oil companies - based on criteria like reserves, refining capacity, and sales - was just released, and there is just a bit of shuffling near the top. Four of the five top oil companies now are state owned - Saudi Aramco, Iran's NIOC, Venezuela's PDV, and China's CNPC. A few highlights:

  • Saudi Aramco remains No. 1, and China's CNPC surpasses BP and Shell.
  • Russia's Rosneft makes biggest jump, from 24th to 16th.
  • Majority state-owned national oil companies now make up 27 of 50.
EXPLORE:ENERGY, OIL
 
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MIKELINLEY

11:05 PM ET

December 6, 2008

no usa?

how come we cant make the top 5?
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