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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 downstream environments.


To read on, view the full article.


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