After 12 Years, Exxon Mobil Loses Top Spot in Global Energy Ranking to Russia's Gazprom

Exxon Mobil has lost the top spot in the S&P Global Platts Top 250 Global Energy Company Rankings for the first time since 2004.The Irving-based energy giant -- with a market capitalization of $343 billion on NYSE -- slipped to number nine while Russian state-owned Gazprom moved up two places to number one. San Antonio-based Valero Energy finished eighth, just ahead of Exxon.The ratings are based on a formula equally weighing revenue, profits, asset value and return on invested capital. Exxon finished near the top of the list in the first three metrics but wasn't in the top 10 on the last one.  Continue reading...

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