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The World’s Energy Leaders

What does it take to be given the designation of a world leader in an industry? Ask 10 different people, and you’ll get 10 different answers. Some may think subjectively that leadership, like beauty, is in the eye of the beholder. Others may lean toward leadership being equivalent to revenue and financial success.

At Thomson Reuters, we’ve developed a scientific, objective way to identify leadership that sits at the intersection of regulation and commerce. A way that not only takes into account the financial performance of a company and its level of investor confidence, but also assesses its aptitude for innovation. Pending litigation. Resilience to risk. News sentiment. And more.

Our leadership methodology models an approach related to value-based investing, in which organizations are assessed on how well they are poised for long-term growth and success. The key to this approach is in getting a holistic view of an organization. All of the factors mentioned above are part of that holistic view. They also happen to be areas in which Thomson Reuters has deep data resources for qualifying leadership.

Using the breadth of content assets from across Thomson Reuters in financial and risk, legal, tax and accounting, and news, the company’s Innovation Lab developed a patent-pending methodology using Bayesian regression model logic to identify leadership across an industry— in this case, energy leadership.

A team of data scientists at the company’s Lab spent several months developing the methodology and algorithm behind it. According to Amit Shavit, data scientist at the Boston Lab, “We took an approach that analyzes a company based on financials, legal actions, resilience, innovativeness and environmental impact…it captures all integral parts of what it means to be successful and a leader in an industry.”

Starting with the company’s Business Classification Codes (part of its Financial & Risk data assets), the algorithm imports all companies within the “energy” classification. From there, it assesses each organization across eight pillars: financial performance, management and investor confidence, legal compliance, innovation, environmental impact, people and social responsibility, reputation, and risk and resilience. Data is normalized, and companies are scored across the pillars, resulting in a final score for each organization. Those with the highest scores are the “Thomson Reuters Top 100 Global Energy Leaders.”

Without further ado, here are the 2017 “Thomson Reuters Top 100 Global Energy Leaders

Subsector breakouts

Nearly two-thirds of the list is from the oil and gas subsector within energy overall. This is not a huge surprise, given that the world’s leading form of power and fuel continues to hail from fossil fuels, despite regulations and sentiment influencing this. The remaining companies are represented as follows: 17 percent from oil & gas related equipment & services, 13 percent from multiline utilities, five percent from renewable energy, and one percent (or one company) from the uranium subsector, as shown in Figure 1.

Figure 1

Geographic breakouts

Thirty-five countries from around the world are represented by the “Top 100 Global Energy Leaders.” The most prolific country is the U.S., with 19 percent of the list hailing from there. The next most active country is India, with seven energy leaders, followed by Canada, Italy, and the UK, all of which are home to six energy leaders, as shown in Figure 2.

Figure 2

If you switch the view slightly and look at the energy leaders by the continent on which they reside, it is clear that Europe is the far-and-wide leader in terms of being host to energy leaders. Forty-one of the companies are from Europe, with North America being home to the next largest segment: 25 percent, and Asia third: 24 percent. These numbers reflect Russia being assigned to an eighth continent: Eurasia, as shown in Figure 3. Most impressively, energy leadership can be found on all but one of the continents, that being Antarctica. This is likely due to the essential role energy plays in daily life and that nearly every aspect of modern life depends on it.

Figure 3


Being a world energy leader is an important designation. These organizations have sound business operations and are performing well financially. In addition, they are the companies poised to lead us into the future in terms of the energy we use and develop. They are holistically sound with the internal fortitude and external influence to be a long-term player and contributor in the space.

Learn more

Access the full “Thomson Reuters Top 100 Global Energy Leaders” report, including an in-depth view of the top 25 energy leaders in the subsectors of oil & gas, oil & gas related equipment & services, multiline utilities, and renewables on our Energy Practice page.

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