PFC Energy 100

2007 Rank	PFC Energy 50 Rank	Company Name	Market Cap ($US Bil.)	% Share Price Change (YoY)	Primary Business	HQ Country	Ticker/Exch.
1	1	Petrochina	723.2	181 %	Integrated NOC	China	601857 CH
2	2	ExxonMobil	511.9	22 %	Integrated IOC	US	XOM US
3	3	Gazprom	332.0	13 %	Integrated NOC	Russia	GSPBEX RU
4	4	Royal Dutch Shell	264.6	8 %	Integrated IOC	Netherlands	RDSA NA
5	5	Sinopec	249.5	157 %	Integrated NOC	China	600028 CH
6	6	Petrobras	241.7	93 %	Integrated NOC	Brazil	PETR3 BZ
7	7	BP	230.7	8 %	Integrated IOC	UK	BP/ LN
8		EdF	216.5	48 %	Electric Power	France	EDF FP
9	9	TOTAL	198.5	4 %	Integrated IOC	France	FP FP
10	10	BHP Billiton	197.5	59 %	Diversified Minerals	Australia	BHP AU
11	8	Chevron	197.1	27 %	Integrated IOC	US	CVX US
12		China Shenhua Energy	168.3	250 %	Coal	China	601088 CH
13		E.ON	148.2	41 %	Electric Power	Germany	EOA GR
14	11	Eni	146.3	-2 %	Integrated IOC	Italy	ENI IM
15	12	ConocoPhillips	141.2	23 %	Integrated IOC	US	COP US
16	13	Schlumberger	117.6	56 %	Oilfield Services	US	SLB US
17	14	Reliance	106.3	127 %	R&M	India	RIL IN
18	15	Rosneft	101.4	5 %	Integrated NOC	Russia	ROSN RU
19	16	StatoilHydro	99.6	6 %	Integrated NOC	Norway	STL NO
20		Suez	88.6	19 %	Electric Power	France	SZE FP
21		RWE	79.0	15 %	Electric Power	Germany	RWE GR
22	17	BG	76.6	66 %	Integrated IOC	UK	BG/ LN
23		Iberdrola	76.4	26 %	Electric Power	Spain	IBE SM
24	19	CNOOC	75.4	80 %	E&P	China	883 HK
25	18	Lukoil	74.0	-1 %	Integrated IOC	Russia	LKOH RU
26		Enel	73.4	4 %	Electric Power	Italy	ENEL IM
27	20	ONGC	67.1	42 %	E&P	India	ONGC IN
28	21	Occidental	63.8	58 %	E&P	US	OXY US
29	22	Gaz de France	57.4	15 %	Gas Utility	France	GAZ FP
30		Endesa	56.6	2 %	Electric Power	Spain	ELE SM
31		UES	53.9	30 %	Electric Power	Russia	EESR RU
32		Exelon	53.9	32 %	Electric Power	US	EXC US
33	23	Encana	51.2	26 %	E&P	Canada	ECA CN
34	24	Suncor	50.3	18 %	Integrated IOC	Canada	SU CN
35	25	Transocean	45.3	66 %	Drillling & Seismic	US	RIG US
36	26	Surgutneftegaz	44.3	-19 %	Integrated IOC	Russia	SNGS RU
37	28	Repsol YPF	43.8	-7 %	Integrated IOC	Spain	REP SM
38	27	Marathon	43.2	32 %	Integrated IOC	US	MRO US
39		Areva	40.6	39 %	Nuclear	France	CEI FP
40		Fortum OYJ	40.4	43 %	Electric Power	Finland	FUM1V FH
41	29	Devon Energy	39.6	33 %	E&P	US	DVN US
42	30	Canadian Nat'l Resources	39.5	17 %	E&P	Canada	CNQ CN
43	31	Valero	38.5	37 %	R&M	US	VLO US
44	32	Husky Energy	38.2	14 %	Integrated IOC	Canada	HSE CN
45		China Coal Energy	37.0	385 %	Coal	China	1898 HK
46	33	Ecopetrol*	36.6	50 %	Integrated NOC	Colombia	ECOPETL CB
47	34	Apache	35.8	62 %	E&P	US	APA US
48	35	PTT	35.3	79 %	Integrated NOC	Thailand	PTT TB
49	36	Iberdrola Renovables*	35.1	11 %	Alternatives	Spain	IBR SM
50		Tokyo Electric	34.7	-25 %	Electric Power	Japan	9501 JP
51	37	Halliburton	33.4	22 %	Oilfield Services	UAE	HAL US
52	38	Hess	32.2	103 %	Integrated IOC	US	HES US
53	39	Sasol	31.2	31 %	Integrated IOC	South Africa	SOL SJ
54	40	Anadarko	30.6	51 %	E&P	US	APC US
55	41	Woodside	30.4	32 %	E&P	Australia	WPL AU
56		Southern Company	29.4	5 %	Electric Power	US	SO US
57		Scottish & Southern	28.1	5 %	Electric Power	UK	SSE LN
58	42	Cepsa	27.9	20 %	Integrated IOC	Spain	CEP SM
59	43	Formosa Petrochemical	27.7	35 %	R&M	Taiwan	6505 TT
60		FPL	27.6	25 %	Electric Power	US	FPL US
61		Dominion Resources	27.3	13 %	Electric Power	US	D US
62		Korea Electric	27.2	-6 %	Electric Power	Korea	015760 KS
63	44	Tenaris	26.4	-10 %	Equipment & EPCI	Luxembourg	TS US
64	47	Gas Natural	26.4	33 %	Gas Utility	Spain	GAS SM
65	46	National Oilwell Varco	26.2	140 %	Equipment & EPCI	US	NOV US
66	45	Centrica	26.2	1 %	Gas Utility	UK	CNA LN
67	49	Petro-Canada	26.1	12 %	Integrated IOC	Canada	PCA CN
68	48	Baker Hughes	25.8	9 %	Oilfield Services	US	BHI US
69		Duke Energy	25.4	4 %	Electric Power	US	DUK US
70	50	INPEX	25.3	24 %	E&P	Japan	1605 JP
71		Renewable Energy	25.2	142 %	Alternatives	Norway	REC NO
72		PSEG	25.0	48 %	Electric Power	US	PEG US
73		XTO Energy	24.8	36 %	E&P	US	XTO US
74		OMV	24.5	29 %	Integrated IOC	Austria	OMV AV
75		Indian Oil	24.0	76 %	R&M	India	IOCL IN
76		Energias de Portugal	23.8	16 %	Electric Power	Portugal	EDP PL
77		Entergy	23.2	29 %	Electric Power	US	ETR US
78		Weatherford International	23.1	64 %	Oilfield Services	US	WFT US
79		Novatek	22.8	18 %	E&P	Russia	NVTK RU
80		Galp	22.2	165 %	Integrated IOC	Portugal	GALP PL
81		Kansai Electric	22.2	-19 %	Electric Power	Japan	9503 JP
82		FirstEnergy	22.1	20 %	Electric Power	US	FE US
83		ENBW Energy	22.0	20 %	Electric Power	Germany	EBK GR
84		EOG Resources	22.0	43 %	E&P	US	EOG US
85		Oest. Elektriz.	21.7	18 %	Electric Power	Austria	VER AV
86		First Solar	20.8	795 %	Alternatives	US	FSLR US
87		Union Fenosa	20.7	23 %	Electric Power	Spain	UNF SM
88		Chubu Electric	20.1	-18 %	Electric Power	Japan	9502 JP
89		Chesapeake	20.0	35 %	E&P	US	CHK US
90		Diamond Offshore	19.7	78 %	Drillling & Seismic	US	DO US
91		PPL	19.4	45 %	Electric Power	US	PPL US
92		Talisman	18.9	-7 %	E&P	Canada	TLM CN
93		AEP	18.6	9 %	Electric Power	US	AEP US
94		Hong Kong and China Gas	18.6	50 %	Gas Utility	China	3 HK
95		Constellation Energy	18.5	49 %	Electric Power	US	CEG US
96		SK Energy*	17.7	43 %	R&M	Korea	096770 KS
97		Saipem	17.6	39 %	Equipment & EPCI	Italy	SPM IM
98		China Oilfield Services	17.4	633 %	Drillling & Seismic	China	601808 CH
99		Edison International	17.4	17 %	Electric Power	US	EIX US
100		Nexen	17.1	0 %	E&P	Canada	NXY CN

Source: Bloomberg, PFC Energy estimates, as of 12/31/2007; *YTD

Except where noted, share price growth based on primary exchange tickers traded in local currency.

Petrochina's share price growth calculated by comparing 12/31/2007 Shanghai price with 1/02/2007 Hong Kong price in CNY.

At the 12/31/2007 Hong Kong price, Petrochina's market capitalization would be $304 billion.

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