Global Top 20 International Integrated Companies – Financial & Operational Fundamental Analysis and Benchmarking - 2010

12 Aug 2010 • by Natalie Aster

GlobalData’s report “Global Top 20 International Integrated Companies – Financial & Operational Fundamental Analysis and Benchmarking – 2010”, provides analysis on the financial and operational parameters of the Global Top 20 International Integrated Companies. The report analyses the performance of companies based on indicators such as reserves & production, capital expenditure, costs, acreage, performance metrics, results of oil & gas operations and valuation metrics. It helps in spotting strengths and weaknesses of global top 20 international integrated companies.

Global Top 20 International Integrated Companies– Financial & Operational Fundamental Analysis and Benchmarking – 2010 report is based on publicly available data filed with the US Securities and Exchange Commission (SEC) and other similar agencies worldwide.

Proved Oil & Gas Reserves of the Global Top 20 International Integrated Companies Increased by 1.7% In 2009

Proved oil and gas Reserves of the global top 20 international integrated companies increased in 2009, up from 131.7 billion barrels of oil equivalent (boe) in 2008 to 133.9 billion boe in 2009. The increase in the proved reserves was driven by the increase in both oil reserves and gas reserves, proved oil reserves of the global top 20 international integrated companies increased by 2.3%, from 78,143 Million Barrels (MMbbl) in 2008 to 79,957 MMbbl in 2009. However, total proved gas reserves of the global top 20 international integrated companies increased to 319.3 Tcf in 2009, up by 0.7% from the previous year.

Exxon Mobil Corporation had the highest proved oil and gas reserves of 22,985.50 MMboe among the global top 20 international integrated companies in 2009. The company's proved reserves increased at a CAGR of 0.7% from 22,380.1 MMboe in 2005 to 22,985.5 MMboe in 2009.

Refining margins improving steadily in 2010

Falling Demand and rising supply squeezed refining margins in 2009 which caused majority of refiners to report losses for the year. Refiners reacted by closing more than 1 mmbbl/d of capacity in 2009, although there is potential for some of these assets to be re-started if conditions improve, it will take another quarter before gross-refining margins see a significant increase. Improving downstream conditions are the result of wider light-heavy crude-price differentials, better products yields and improved margins on chemicals feed stocks.

Total Oil & Gas Production of the Global Top 20 International Integrated Companies Increased by 1.7% In 2009

Total oil & gas production of the Global Top 20 International Integrated Companies was 9,933.1 MMboe in 2009, up by 1.7% from 2008. Oil production of the Global Top 20 International Integrated Companies was 6,171.4 MMbbl in 2009, up by 2.3% from 2008. However, gas production of the global top 20 international integrated companies up by 0.6% from 22,008.4 Bcf in 2008 to 22,135.5 Bcf in 2009. Suncor Energy Inc. witnessed the highest oil and gas production growth rate among the global top 20 international integrated companies. The company’s oil and gas production grew at a CAGR of 20.2% during 2005-09.

Capital Expenditure of the Global Top 20 International Integrated Companies Decreased by 12.1% In 2009

The total costs incurred by Global Top 20 International Integrated Companies to $ 174.0 billion in 2009, down by 12.1% from the previous year. Total acquisition spending decreased by 4.7% in 2009, down from $ 34.5 billion in 2008 to $ 32.9 billion in 2009,

Royal Dutch Shell plc by spending $25,500.0m in 2009 ranks first within the peer group. The company's total costs incurred increased at a CAGR of 17.1% from $13,568.0m in 2005 to $25,500.0m in 2009.

Suncor Energy Inc. over the years has been increasing its upstream capital outlay to increase its reserves and production. The company's total costs have grown at a CAGR of 150.7% during 2005-09.

Oil & Gas Revenues of Global Top 20 International Integrated Companies Decreased In 2009.

Oil & gas revenue per boe of the Global Top 20 International Integrated Companies decreased by 33.8% in 2009 from $ 61.8 per boe in 2008 to $ 40.9 per boe in 2009.

Cenovus Energy Inc., with net income per boe of $ 17.8 in 2009, ranks first among the global top 20 international integrated companies.

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