2016 Top 250 Global Energy Company Rankings® reviewed
Price shakeout sparks industry upheaval
Although the plot lines began
playing out in advance, the
energy industry only felt the
full force of OPEC's strategy
shocker of defending its dominance of
global oil markets during 2015.
The move – which triggered the biggest
crude price collapse in almost three
decades – saw the global fuel mix shift
as energy demand and supply adjusted
to the new norm.
The year of low prices sparked billions
of dollars in spending cuts across the
oil and gas industry, widespread asset
sales, drove some US drillers to
bankruptcy and saw swathes of projects
shelved or cancelled. The price slump
prompted key adjustments in energy
markets, curtailing the most costly
supply and shifting some fossil fuel
demand from coal to oil and gas.
But for those energy players less
exposed to the commodity price rout,
2015 was a very different story.
This year's Top 250 rankings show the
biggest winners are independent power
producers and the power and gas utility
sector. While energy-producing
industries saw their cash flow, earnings
and asset values shrink, most power
producers gained from sharply lower
fuel costs for their plants and regulated
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