Deepwater operations, Russian firms top 3Q PFC 50

11/11/2002
Oil and gas companies operating in the world's deep water, as well as Russian oil majors, ascended to the higher tiers of the third quarter ranking of the world's largest energy companies.The most recent Energy 50 ranking, which was released last month by Petroleum Finance Co. (PFC), Washington, DC, is a quarterly assessment based on the energy companies' market capitalization.PFC noted that despite recent loftier oil and natural gas prices, however, many of the top 50 firms' share prices were "off sharply" during the third quarter. "Share prices were driven down in part by weakness in equity markets overall, and in part by investor caution towards a sector that has been v...
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