2000 Innovest Global Oil and Gas Survey has Shell, BP Amoco in Pole Position.Business Editors NEW YORK--(BUSINESS WIRE)--July 26, 2000 Innovest's much-awaited annual survey of the global integrated oil and gas industry was recently unveiled at the World Petroleum Congress in Calgary. Royal Dutch/Shell topped the new rankings, closely followed by BP Amoco, with Occidental Petroleum Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. and Canada's Imperial Oil bringing up the rear. In all, 17 of the world's largest integrated petroleum companies from Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. were analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. against a range of issues including climate change, renewables, fuel cells, natural gas, energy convergence, fuel product quality, localized Translated into the spoken language of the country. See localization. emissions and social management in international settings. Innovest EcoValue '21 Ratings Ticker Company Rating Rank RD RD/Shell AAA 1 BPA BP Amoco ARCO AAA 2 NSK Norsk Hydro AA 3 SU Suncor A 4 TX Texaco BBB 5 XOM ExxonMobil BBB 6 COC Conoco BBB 7 TFE Total Fina Elf BBB 8 CHV Chevron BBB 9 P Phillips Petroleum BB 10 ENI ENI BB 11 AHC Amerada Hess BB 12 REP Repsol-YPF BB 13 MRO USX-Marathon B 14 PCZ PetroCanada B 15 OXY Occidental Petroleum CCC 16 IMO Imperial Oil CCC 17 The report's central findings once again corroborate To support or enhance the believability of a fact or assertion by the presentation of additional information that confirms the truthfulness of the item. The testimony of a witness is corroborated if subsequent evidence, such as a coroner's report or the testimony of other the positive link between environmental performance and sustainable shareholder value. Companies receiving above average EcoValue 21(tm) ratings outperformed companies with below average ratings by 10% on average over the past two years. Key findings include: -- environmental compliance expenditures are growing larger and larger: the petroleum industry as a whole expended $8.5 billion in 1998, more than double the net income of the top 200 oil and gas companies combined -- a fundamental and irreversible restructuring of the energy value chain is underway, changing the way energy is used, transformed, regulated, distributed and managed -- concerns over long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. environmental sustainability (particularly climate change) and resource use efficiency are presenting compelling new growth opportunities for clean energy technologies, fuel cells, low-impact power generation, emissions trading Emissions trading (or cap and trade) is an administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. , e-commerce-based energy solutions and other new energy services -- developing the strategic vision to adjust a company's portfolio of products and services to take advantage of these opportunities is a key characteristic of future energy industry leaders. The new report is one of a family of four - other reports have also recently been completed for the exploration and production, refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar and marketing, and drilling and services sectors - that focuses on strategic environmental issues throughout the oil and gas industry. The reports also capture the essence of Innovest's recent contribution to a Caracas seminar on the future of the oil and energy business, held in preparation for the forthcoming OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its summit in that city in September. Innovest Strategic Value Advisors, headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , with offices in London and Toronto, is an internationally recognized investment advisory firm specializing in environmental finance and investment opportunities. The company is chaired by Jim Martin, former Chief Investment Officer for North America's largest pension fund, TIAA-CREF TIAA-CREF Teachers Insurance and Annuity Association - College Retirement Equities Fund |
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