Petronas climbs up
Fortune
Global 500 list
By Kamarul Yunus
ahmadk@nstp.com.my


July 20 2006


PETROLIAM Nasional Bhd (Petronas) has climbed up 13 notches to occupy the 120th spot in this year's Fortune Global 500 list.

Petronas' advancement in the widely-followed list has a lot to do with the higher revenue of US$44.3 billion (RM163.5 billion) the state-owned oil corporation announced recently.

Fortune also ranked Petronas at number 15 in terms of highest profit gained by a company in the world.

Petronas posted a net profit of US$11.6 billion (RM42.8 billion) in its last financial year, a 23.6 per cent year-on-year increase.

The company, which employs 33,682 people, has assets worth US$73.1 billion (RM269.7 billion), placing it at the 167th spot in this category. Its shareholders' equity is worth US$42.3 billion (RM156.1 billion).

Russia-based oil company OAO Rosneft, whose significant chunk of equity was recently bought by Petronas, also made its entry into the Fortune list at number 367.

Rosneft's entry was on account of its significant 291.3 per cent jump in revenue to US$17.7 billion (RM65.3 billion) last year.

In terms of profit, Rosneft was ranked 91th after registering a net profit of US$4.2 billion (RM15.5 billion) during the year. It was ranked sixth for having the biggest increase in profit.

Rosneft, with a staff of 82,000, has assets worth US$30 billion (RM110.7 billion) and shareholders' equity of US$7.4 billion (RM27.3 billion).

It was reported that Petronas had bought US$1.1 billion (RM4.1 billion) worth of shares in Rosneft, whose initial public offering (IPO) on July 14 is said to be Europe's biggest IPO in seven years.

Petronas, BP plc and China National Petroleum Corp (CNPC) between them bought about a quarter of the US$10.4 billion (RM38.4 billion) shares sold in Rosneft.

BP was ranked fourth in the list, while CNPC was 39th.

For Petronas, the purchase of the US$1.1 billion worth of shares in Rosneft is its second biggest overseas purchase. Its biggest purchase to date is still the US$1.76 billion (RM6.5 billion) buyout of natural gas reserves in Egypt in 2003.

Meanwhile, in the "highest returns on revenues" and "highest returns on assets" categories, Petronas was ranked eighth and 17th and Rosneft 12th and 27th respectively.

Within the petroleum- refining industry, Petro- nas and Rosneft were ranked 20th and 31st respectively.

Among companies in Asia, Petronas was among the top 50, occupying the 20th spot.

Petronas’ rank improves to 120 in Fortune 500 list

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has notched up to number 120 in the 2006 Fortune Global 500 ranking, up from 133 previously, according to the list published in the Fortune magazine's July 24 issue.

The list of the world's biggest corporations was made available last week.

The national oil firm, which has interests in 31 countries, was also Asia’s 20th biggest corporation in this year’s list as revenue surged 22.8% to US$44.28bil.

Fortune magazine ranks companies annually based on their revenue from the year before.

In terms of profits, Petronas was ranked higher at number 15 in the world, after it made US$11.56bil last year.

Oil producers dominated the 2006 Global 500 list with five companies in the top 10, thanks to sky-high crude oil prices and surging demand from new markets in China and India.

ExxonMobil took the top spot on revenue of US$340bil, ahead of last year’s leader Wal-Mart Stores (US$315.6bil).

The title of biggest company outside the US went to Royal Dutch Shell at number three on the list (US$306.7bil), while at fourth place was BP Plc (US$267.6bil).

Four carmakers, led by General Motors (US$192bil), made up the rest of the world's 10 biggest companies.

Another hot sector last year was banking and finance. Fortune said banks accounted for one in nine companies on the Global 500 list.

It took US$13.7bil to make it into the list this year, up from US$12.4bil last year. The last on the list was Nike.

Total revenue of the Global 500 companies reached US$18.93 trillion in 2005, up 12.7% from a year ago, while total profit rose 30.3% to US$1.21 trillion. A total of 170 US-based companies made it into this year’s list.

China’s booming economy saw four new entries this year - more additions than other countries - bringing China’s total to 20.

India has five companies on the list, including newcomer the State Bank of India at number 498.

http://biz.thestar.com.my/archives/2006/7/20/business/p3-rankch.JPG


Today, Petronas is the largest SEA company :)

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Acquisition Of Rosneft Shares Logical, Says Petronas
Business
July 26, 2006 15:19 PM
KUALA LUMPUR, July 26 (Bernama) -- The acquisition of Russia's OAO Rosneft shares by Petronas was a logical thing to do, said Petronas president and chief executive officer Tan Sri Mohd Hassan Marican.

"Petronas aspires to be a global player and Russia is in a central position of providing access to markets in the East and West for oil and gas players," he said after the annual general meeting (AGM) of Petronas Gas Bhd, here Wednesday.

The Russian acquisition would also provide a balance in the geographical risk for Petronas which already had a strong presence in the African continent and West Asia, he added.

"The next step is to widen the presence and at the same time, reduce, dilute and spread the risk through this investment," Mohd Hassan said.

State-controlled Rosneft had placed around 13 per cent of its stock to raise US$10.4 billion in the largest initial public offering (IPO) by a Russian company, and Petronas was among the main buyers, having bought US$1.1 billion worth of shares.

Britain's BP had reportedly bought US$1.0 billion worth of shares and China's CNPC US$500 million.