Oil Majors - Comparative Stats

btw, my fellow blogger Seng is absolutely correct to insists that pages 81-165 of the 2007 annual report be made fully available on the website... I think other oil companies (the listed ones in particular) does that, so I doubt there are trade secrets you cannot reveal, maybe executive compensation information may be deemed sensitive, but hey, its a brave new world Merican, so let's get it all out there ... at least make my job in defending Petronas ass easier OK!


Petronas Malaysia

ROE - 2005: 38.5%; 2006: 41.6% ; 2007: 40.9%

Net profit - 2006: RM43.1bn (US$13.26bn) ; 2007: RM46.4bn (US$14.27bn)

ROE Of Majors
(Most Recent Year)
1) Royal Dutch Shell 24.06%
2) BP Plc 26%
3) Total SA 29.5%
4) Repsol YPF 17.9%
5) Statoil 33.23%
6) Lukoil 23.23%

Net Profits Of Majors (Most Recent Year US$)
1) Royal Dutch Shell 91.8bn
2) BP Plc 75.3bn
3) Total SA 56.4bn
4) Repsol YPF 18.3bn
5) Statoil 12.3bn
6) Lukoil 20.4bn

Notes: Just for comparison sake, Statoil makes about the same amount of money as Petronas. However, Norway is the world's third largest oil exporter behind Saudi Arabia and Russia. Norway is also the world's seventh largest gas producer and the second largest supplier of natural gas to Europe. Statoil merged with Norsk Hydro and is the leading petroleum company in Norway, and also the world's largest operator of deepwater fields. To be fair, Norway has more than just one oil giant.

Asian Majors Net Profit (US$)
1) Petrochina 19.13bn
2) CPCC 7.096bn
3) CNOOC 3.96bn

Return On Equity (Most Recent Year)
1) Petrochina 24.19%
2) CPCC 19.46%
3) CNOOC 28.7%

A detail report was submitted to the Select Committee on Energy Independence & Global Warming last month. The report covers Exxon Mobil, BP, Shell, Conoco Phillips and Chevron. The 5 companies CEO's average pay was US$23m. At Exxon Mobil, the top 5 executives was paid a total of US$28m (average RM18.2m pp) in 2001 and a total of US$76m (average of RM49.4m pp) in 2007. Keep that in mind as Petronas starts to reveal executive compensation in the coming days.

photos: Rain Li Choi Wah