Shell, Still the World's Most Valuable Oil and Gas Brand

Shell has retained its leading position on the list of the world's most valuable oil and gas brands, despite its value falling by 10% to USD 45.4 billion over the course of a year, according to a report by Brand Finance, quoted by MTI.

The British-Dutch company has now been in first place for eleven years.

Saudi Aramco continues to occupy second place in the ranking (+0.3% to USD 41.7 billion), followed by PetroChina in third place (+17% to USD 33.3 billion).

Fourth place is also occupied by a Chinese company, Sinopec (+5% to USD 29.8 billion).

US-based ExxonMobil, whose brand value jumped 21% to USD 23.6 billion, moved up from eleventh place last year to fifth place.

ADNOC of the United Arab Emirates moved up from eighth to sixth place, with its brand value rising 25% to USD 19 billion.

France's TotalEnergies slipped from sixth to seventh place despite an 11% increase in brand value to USD 18.8 billion. Britain's BP Plc slipped to eighth place from fifth last year, with its brand value falling by 1% to USD 18.3 billion.

Also in the top ten are Norway's Equinor (-6% to USD 15.7 billion), which fell from seventh place last year to ninth, and US-based Chevron Corp., which lost one position to tenth, with its brand value declining by 2% to USD 14.5 billion.

The combined brand value of the world's 50 largest oil and gas brands is USD 444.1 billion, a 4% increase over last year.