ADNOC Among Top 10 Oil & Gas Firms Worldwide, New Ranking Finds

Jan 6 2019 - The Abu Dhabi state producer's strategy pivoted to both downstream and gas last year, as it looks to become a more integrated energy player

ADNOC ranked sixth on the list, behind international oil company Exxon Mobil and state-back China National Petroleum Corporation. Source: ADNOC

State-owned Abu Dhabi National Oil Company is among the top 10 most influential companies and organisations in the energy sector, a new ranking from research and intelligence firm GlobalData found.

The firm was ranked sixth on the list and was the only Middle Eastern company to be featured.

The UAE accounts for 4.2 per cent of global oil production, much of it from assets owned and operated by Adnoc, according to the BP Statistical Review of World Energy 2018. The state-firm, which GlobalData noted was the 12th-largest oil company by production, has undertaken a strategic overhaul, unveiling its downstream and gas strategy last year, as it looks to become an integrated energy player regionally and internationally.