PetroChina falls on the throne of world's biggest energy company shares 3 years down 76%

The energy consultancy company PFC Monday released a list of 2010 global energy companies ' 50-strong market capitalisation, with Exxon Mobil replacing its 2009-year top-ranked PetroChina as the world's largest listed energy company with a market capitalisation of 369 billion dollars.　　PetroChina is the world's second-largest by market capitalisation of $303 billion, and its market value of $353.1 billion in 2009. Sinopec's fall from the top ten list showed that Exxon Mobil last year gained 7% per cent from 2009, to $369 billion trillion, dominating the global market. A-Shares "petrochemical double-hung" last year, the market value has shrunk sharply. China's oil market value of 303 billion U.S. dollars, down from 2009 16%, ranked second, 2009, the seventh-ranked Sinopec, last year, the market value of 101.6 billion U.S. dollars, compared with 2009 41%, ranked 11th.　　CNOOC, another of the top ten Chinese energy companies, is worth 106 billion dollars, up 51% from 2009. Changes in the stock market also reflect this change.　　Since 2010, PetroChina A shares fell from 13.85 yuan to 11.22 yuan, a decrease of 19%, Sinopec A shares from 14.18 yuan all the way down to 8.06 yuan, a decrease of 43%. At the same time, global energy stock prices have risen overall as global demand for energy increased last year. Data show that by the end of last year, the global energy industry's top 50 listed companies in the overall market value of 3.9 trillion U.S. dollars, equivalent to the NASDAQ Stock market total value.　　PFC Chairman and President Robin West said that in recent years PFC Energy enterprises in the total market value of 50 with the macroeconomic situation fluctuations, the Russian gas companies Novatek Company's market value almost doubled in 2010, but Sinopec's market value has shrunk by more than 40%.　　The Global energy industry Center shift also shows that non-Western oil companies account for 2010 of the top 10 of global energy companies ' market capitalisation, suggesting that the centre of the Global energy industry is also shifting from the west. In the late 60, traditional Western oil giants such as Exxon Mobil and Shell had 85% of the world's oil and gas reserves, and in the late 70, with the rise of the Organization of Petroleum Exporting Countries and the nationalisation of oil fields like Saudi Arabia, the share of Western oil giants ' control fell to 60%,　　The current rate is only 15%.　　Of the top ten energy companies on the list, China, Brazil and Russia occupy four seats, of which Petrobras ranks even older Western companies such as Royal Dutch Shell and BP, while two of the top three companies are Russian, and the third-ranked Colombian oil company is controlled by the Colombian government. It is reported that PFC Energy Enterprise 50 Strong list by market value for the world's listed energy companies ranking authority. The list includes nine major companies, including international oil companies, national oil companies, exploration and mining companies, and exploration, refining and marketing companies in North America, natural gas/utilities companies, oil and drilling servicesDivision, equipment, engineering and construction companies, and alternative energy companies. The stock price of oil listed in the three-year stock market fell 76% since the listing on November 5, 2007, PetroChina's share price has been listed at the peak of 48.62 yuan, all the way down to yesterday's close of 11.19 yuan, a decrease of about 76%.　　Some investors jokingly, "Life can have much sorrow, like full warehouse in oil."　　After the company's IPO, investors scrambled to buy PetroChina, whose total market value dashed a 1.1081 trillion dollar mark, surpassing Exxon Mobil, the world's largest market capitalisation, and 2.27 times times the market capitalisation of the world's largest company. Three years later, in the case of rising oil prices and rising gasoline prices, PetroChina's total market value is only 2 trillion yuan, and more than 5 trillion yuan is evaporating.　　Some media reports said that the second year after the listing, in just listed financing more than 66.2 billion yuan, China's oil also received a subsidy of up to 15.7 billion yuan. Link PetroChina last year's profit 167.6 billion PetroChina group has disclosed that 2010 the company's domestic and foreign oil and gas equivalent production exceeded 200 million tons. Among them, the domestic oil and gas equivalent production of 163 million tons, overseas oil and gas equity equivalent production of 44.3 million tons.　　2010 years in the oil group to achieve operating income of 1.73 trillion yuan, tax 318.2 billion yuan, the profit of 167.6 billion yuan. China Petrochemical Group also disclosed yesterday that in 2010, Sinopec Group produced 60.66 million tons of crude oil and 12.3 billion cubic meters of natural gas.　　CNOOC's 2010-year oil and gas equivalent broke through 50 million tonnes for the first time.　　The latest data released by the Bureau of Statistics show that the national oil production reached 203 million tonnes in 2010 and exceeded 200 million tonnes for the first time, and gas production rose 12.1% to 94.48 billion cubic meters. Han Xuegong, a domestic energy expert, said that the market capitalisation of listed companies is not enough to judge the overall strength of oil companies, which are generally measured by the oil reserves, production, profits and sales of the top oil companies.