PFC Energy 100

2009 Rank	PFC Energy 50 Rank	Company Name	Market Cap ($US Bil.)	% Share Price Change (YoY)	Primary Business	HQ Country	Ticker/Exch.
1	1	PetroChina	353.1	36 %	Integrated NOC	China	601857 CH
2	2	ExxonMobil	323.7	-15 %	Integrated IOC	US	XOM US
3	3	BHP Billiton	201.1	80 %	General Mining	Australia	BHP AU
4	4	Petrobras	199.2	103 %	Integrated NOC	Brazil	PETR3 BZ
5	5	Royal Dutch Shell	186.9	16 %	Integrated IOC	Netherlands	RDSA NA
6	6	BP	181.8	26 %	Integrated IOC	UK	BP/ LN
7	7	SINOPEC	159.3	101 %	Integrated NOC	China	600028 CH
8	8	TOTAL	151.4	19 %	Integrated IOC	France	FP FP
9	9	Chevron	154.5	4 %	Integrated IOC	US	CVX US
10	10	Gazprom	144.2	67 %	Integrated NOC	Russia	GSPBEX RU
11		EdF	110.1	3 %	Electricity	France	EDF FP
12	11	ENI	102.2	8 %	Integrated IOC	Italy	ENI IM
13		China Shenhua	100.8	98 %	Coal	China	601088 CH
14	12	GdF Suez	98.1	-9 %	Gas/Utilities	France	GSZ FP
15	13	Rosneft	89.2	125 %	Integrated NOC	Russia	ROSN RU
16	14	E.ON	83.9	4 %	Gas/Utilities	Germany	EOAN GR
17	15	Statoil	79.6	57 %	Integrated NOC	Norway	STL NO
18	16	Schlumberger	78.2	54 %	Oilfield Services	US	SLB US
19	17	Reliance	76.6	85 %	R&M	India	RIL IN
20	18	ConocoPhillips	75.8	-1 %	Integrated IOC	US	COP US
21	19	CNOOC	70.3	68 %	Integrated NOC	Hong Kong	883 HK
22	20	Occidental	66.0	36 %	E&P	US	OXY US
23	21	BG	61.1	30 %	Integrated IOC	UK	BG/ LN
24	22	Suncor	55.5	83 %	Integrated IOC	Canada	SU CN
25	23	RWE	54.5	8 %	Gas/Utilities	Germany	RWE GR
26		Enel	54.6	3 %	Electricity	Italy	ENEL IM
27	24	ONGC	54.2	85 %	Integrated NOC	India	ONGC IN
28		Iberdrola	50.2	4 %	Electricity	Spain	IBE SM
29	25	Ecopetrol	49.2	42 %	Integrated NOC	Columbia	ECOPETL CB
30	26	LUKOIL	47.8	76 %	Integrated IOC	Russia	LKOH RU
31	27	Canadian Natural	39.4	81 %	E&P	Canada	CNQ CN
32		Endesa	36.4	-15 %	Electricity	Spain	ELE SM
33	28	Apache	34.7	38 %	E&P	US	APA US
34		Tokyo Electric Power	34.2	-24 %	Electricity	Japan	9501 JP
35	29	Imperial Oil	33.0	15 %	Integrated IOC	Canada	IMO CN
36	30	Repsol YPF	32.8	26 %	Integrated IOC	Spain	REP SM
37	31	Devon	32.6	12 %	E&P	US	DVN US
38		Exelon	32.2	-12 %	Electricity	US	EXC US
39	32	Surgutneftagaz	31.9	60 %	Integrated IOC	Russia	SNGS RM
40		OGX	31.7	336 %	E&P	Brazil	OGXP3 BZ
41	34	Woodside	31.7	65 %	E&P	Australia	WPL AU
42	35	Anadarko	30.7	62 %	E&P	US	APC US
43	36	TNK-BP	27.3	165 %	Integrated IOC	Russia	TNBP RU
44	37	Halliburton	27.1	66 %	Oilfield Services	US	HAL US
45	38	XTO	27.0	32 %	E&P	US	XTO US
46		Southern	26.7	-10 %	Electricity	US	SO US
47	39	Transocean	26.6	75 %	Drilling & Seismic	US	RIG US
48	40	Gazprom Neft	26.3	171 %	Integrated NOC	Russia	SIBN RU
49	41	Sasol	25.8	36 %	Integrated IOC	South Africa	SOL SJ
50		China Coal	25.7	110 %	Coal	China	601898 CH
51	42	Tenaris	25.3	103 %	Equipment & EPCI	Luxembourg	TS US
52		EOG	24.6	46 %	E&P	US	EOG US
53	44	Formosa Petrochemical	24.5	28 %	R&M	Taiwan	6505 TT
54	45	EnCana	24.5	31 %	E&P	Canada	ECA CN
55	46	Husky	24.4	13 %	Integrated IOC	Canada	HSE CN
56		Fortum	24.2	27 %	Electricity	Finland	FUM1V FH
57	47	Centrica	23.3	17 %	Gas/Utilities	UK	CNA LN
58		Dominion Resources	23.2	9 %	Electricity	US	D US
59		Eletrobras	23.0	88 %	Electricity	Brazil	ELET3 BZ
60		Duke Energy	22.5	15 %	Electricity	US	DUK US
61	48	Marathon	22.1	14 %	Integrated IOC	US	MRO US
62		FPL Group	21.8	5 %	Electricity	US	FPL US
63		Kansai Electric Power	21.5	-21 %	Electricity	Japan	9503 JP
64	49	PTT	20.9	46 %	Integrated NOC	Thailand	PTT TB
65	50	Iberdrola Renovables	20.1	11 %	Alternatives	Spain	IBR SM
66		Gas Natural	19.4	-6 %	Gas/Utilities	Spain	GAS SM
67		Hess	19.8	13 %	Integrated IOC	US	HES US
68		Talisman	19.2	88 %	E&P	Canada	TLM CN
69		Cenovus	19.0	-6 %	E&P	Canada	CVE CN
70		Korea Electric Power	18.8	28 %	Electricity	Korea	015760 KS
71		Chubu Electric Power	18.7	-21 %	Electricity	Japan	9502 JP
72		National Oilwell Varco	18.4	85 %	Oilfield Services	US	NOV US
73		INPEX	17.9	-2 %	E&P	Japan	1605 JP
74		AREVA	17.7	2 %	Electricity	France	CEI FP
75		Scottish & Southern	17.3	6 %	Electricity	UK	SSE LN
76		Novatek	17.2	243 %	E&P	Russia	NOTK RM
77		Tullow	16.9	119 %	E&P	UK	TLW LN
78		Public Service Enterprise	16.8	14 %	Electricity	US	PEG US
79		Chesapeake	16.8	60 %	E&P	US	CHK US
80		Southwestern	16.6	66 %	E&P	US	SWN US
81		American Electric Power	16.6	5 %	Electricity	US	AEP US
82		PG&E	16.6	15 %	Electricity	US	PCG US
83		Hong Kong China Gas	16.4	67 %	Gas/Utilities	Hong Kong	3 HK
84		Iindian Oil	16.0	50 %	R&M	India	IOCL IN
85		EDP	16.3	18 %	Electricity	Portugal	EDP PL
86		CLP Holdings	16.3	0 %	Electricity	Hong Kong	2 HK
87		Entergy	15.5	-2 %	Electricity	US	ETR US
88		Saipem	15.3	107 %	Equipment & EPCI	Italy	SPM IM
89		Enersis	15.1	80 %	Electricity	Chili	XENI SM
90		Galp Energia	14.4	73 %	Integrated IOC	Portugal	GALP PL
91		Yanzhou Coal	14.3	180 %	Coal	China	600188 CH
92		EnBW Energie	14.3	7 %	Electricity	Germany	EBK GR
93		FirstEnergy	14.2	-4 %	Electricity	US	FE US
94		Endesa	14.0	49 %	Electricity	Chili	ENDESA CI
95		Shanxi Xishan	14.2	242 %	Coal	China	000983 CH
96		Sempra	13.8	31 %	Gas/Utilities	US	SRE US
97		Diamond Offshore	13.7	83 %	Drilling & Seismic	US	DO US
98		OMV	13.2	67 %	Integrated IOC	Austria	OMV AV
99		Origin	13.3	33 %	E&P	Australian	ORG AU
100		Verbund	13.1	-7 %	Electricity	Austria	VER AV

Source: Bloomberg, PFC Energy estimates, as of 12/31/2009; *YTD

Except where noted, share price growth based on primary exchange tickers.

China Coal Energy's share price change calculated by comparing 12/31/2009 Shanghai price with 1/2/2009 Hong Kong price in CNY.

At the 12/31/2009 Hong Kong price, China Coal energy's market capitalization would be $12 billion.

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