Energy merchants dropping from PFC 50 rankings

08/05/2002
Non-US companies continued to dominate the top spots in the second quarter ranking of the world's 50 largest energy firms, while natural gas-power merchant firms continued to fall from the ranks.These same merchant firms populated some of the loftiest places on the list early in 2001 (OGJ, Jan. 29, 2001, p. 28). In addition, mergers and acquisitions activity was strong during the second quarter.The most recent Energy 50 ranking-released last month by Petroleum Finance Co. (PFC), Washington, DC-is a quarterly assessment based on the companies' market capitalization."In the US, scrutiny from credit rating agencies, government investigations of trading and accounting practices, and p...
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