ID :
10647
Tue, 06/24/2008 - 09:44
Auther :
Shortlink :
https://oananews.org//node/10647
The shortlink copeid
Gazprom is world's third biggest in market capitalisation terms
TOKYO, June 24 (Itar-Tass) - Gazprom is now the world's third biggest company in market capitalisation terms. This is indicated in the global study, carried out by the Japanese Namura Securities investment corporation. Its results were published here on Monday.
The study showed that the total market cost of the Gazprom floated
shares had reached 341.8 billion U.S. dollars by June 13. This is 8.3
billions more than last year, when this Russian gas company was only
seventh biggest in the world. Gazprom Chief Executive Officer Alexei
Miller stated two weeks ago that his company would be the world's biggest
within the next 7- 8 years.
The first two places are also held by oil and gas corporations. The
Exxon Mobil, which had pushed down to second place the PetroChina Company,
is now in the lead with 466.8 billion U.S. dollars. It is worth noting
that the capitalisation of both companies had decreased last year by 52.8
and 345.1 billion U.S. dollars respectively due to the general slump of
stock markets in the United States and China.
Analysts note that, as seen against the background of growing energy
indicators, on the one hand, and destabilisation of the world financial
system - on the other, it is precisely the energy sector that holds first
place in the market capitalisation rating of companies, whereas, some
leading financial and technology companies are on the downgrade compared to it.
Particularly remarkable in this respect are the results, achieved by
Gazprom and by the PetroBras Oil Corporation of Brazil with its 275.1
billion U.S. dollars. It has moved up from twelfth to fifth place and is
now somewhere in-between the U.S. General Electric with 291 billions and
Microsoft - 272. 5 billions. The two, as a matter of fact, had ranked
first and second in the world as regards capitalisation in 2002.
As to the financial sector, only the Industrial and Commercial Bank of
China is today still on the list of the ten leading companies with the
most expensive shares. It had slid down from fifth to ninth place with
242.2 billion U.S. dollars. The American Wal-Mart Stores Corporation,
which owns a network of retail shops, is at the foot of the list of the ten companies.
The study showed that the total market cost of the Gazprom floated
shares had reached 341.8 billion U.S. dollars by June 13. This is 8.3
billions more than last year, when this Russian gas company was only
seventh biggest in the world. Gazprom Chief Executive Officer Alexei
Miller stated two weeks ago that his company would be the world's biggest
within the next 7- 8 years.
The first two places are also held by oil and gas corporations. The
Exxon Mobil, which had pushed down to second place the PetroChina Company,
is now in the lead with 466.8 billion U.S. dollars. It is worth noting
that the capitalisation of both companies had decreased last year by 52.8
and 345.1 billion U.S. dollars respectively due to the general slump of
stock markets in the United States and China.
Analysts note that, as seen against the background of growing energy
indicators, on the one hand, and destabilisation of the world financial
system - on the other, it is precisely the energy sector that holds first
place in the market capitalisation rating of companies, whereas, some
leading financial and technology companies are on the downgrade compared to it.
Particularly remarkable in this respect are the results, achieved by
Gazprom and by the PetroBras Oil Corporation of Brazil with its 275.1
billion U.S. dollars. It has moved up from twelfth to fifth place and is
now somewhere in-between the U.S. General Electric with 291 billions and
Microsoft - 272. 5 billions. The two, as a matter of fact, had ranked
first and second in the world as regards capitalisation in 2002.
As to the financial sector, only the Industrial and Commercial Bank of
China is today still on the list of the ten leading companies with the
most expensive shares. It had slid down from fifth to ninth place with
242.2 billion U.S. dollars. The American Wal-Mart Stores Corporation,
which owns a network of retail shops, is at the foot of the list of the ten companies.
