Thanks to rapid financial and energy growth.
According to a release, seventy companies from the Asia-Pacific region were in the spotlight tonight when the 2012 Platts Top 250 Global Energy Company RankingsTM were unveiled at an awards dinner in Singapore.
The 2012 rankings reflect fiscal 2011 financial performance in four key areas: asset value, revenues, profits and return on invested capital (ROIC).
China’s energy dragon came out roaring with 23 companies on the 2012 roster, giving the country more companies in the Top 250 than any other nation except the United States.
India, too, had a strong showing on the Top 250 list, with 12 companies representing six different energy sectors.
“Chinese and Indian companies’ recent surge forward in the energy industry has been increasingly reflected in the Platts Top 250 roster,” said Larry Neal, president of Platts, a leading global energy, petrochemical and metals information provider. “The fact that these Asian companies are outperforming themselves year after year is a testament to the region’s enormous growth and energy demand.”
Most indicative of the Asia-Pacific region’s growth was its dominance of the 50 Fastest Growing Companies list. Asia-Pacific companies accounted for 30 of the 50, based on a three-year compound growth rate (CGR).
Of the 23 Chinese companies in the global Top 250 rankings, 20 appeared on the 50 Fastest Growing list. Similarly, India made an impressive showing, with half of its 12 Top 250 companies also among the 50 fastest growing companies.
It was Cairn India Ltd. that topped the global fastest growing ranks, with a three-year CGR of 119.8%. New Top 250 entrant Kunlun Energy Co. Ltd. of Hong Kong was in third place with a 69.6% CGR.
The Platts Top 250 Global Energy Company Rankings™ are based on data compiled and maintained by S&P Capital IQ, which, like Platts, is a part of The McGraw-Hill Companies. To be ranked, companies must have assets greater than US$4.0 billion and must be publicly listed.
The rankings, now in their 11th year, were announced at the Platts Top 250 Asia Awards Dinner held in partnership with Singapore International Energy Week for a fourth consecutive year and sponsored by OpenLink, a developer of energy and financial trading and risk management software solutions.
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