Local energy firms rank among world’s largest 2,000 companies

Texas energy companies figured prominently in the list of the world’s 2,000 largest public companies, according to a ranking released today by business magazine Forbes.

Exxon Mobil Corp., of Irving, ranked ninth.  largest publicly traded company in the world. Houston refiner Phillips 66 was the next largest, taking the 141st spot.

The ranking considered a composite score of revenue, profits, assets and market value. The list includes public companies from 63 countries that combined for $35 trillion in revenue, $2.4 trillion in profit, $162 trillion in assets with a combined market value of $44 trillion, according to Forbes.

In addition to Exxon Mobil and Phillips 66, Schlumberger came in at 176th and Valero Energy Corp. of San Antonio came in at 182nd. Schlumberger is an international company that runs its U.S. operations out of Houston.

Energy companies, however, fell in the Forbes’ rankings as low oil and gas prices curtailed revenue and hit stock prices.

Exxon Mobil’s 2016 ranking at ninth  was two spaces lower than its No. 7 slot last year. Houston independent driller ConocoPhillips slid nearly 400 spots from 89 in 2015 to 480 this year. Natural gas pipeline giant Kinder Morgan, also of Houston,  slid from 287 in 2015 to 595 this year. Halliburton, the Houston oil services giant, slid from 254 last year to 624 this year.

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