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Identifying Tomorrow’sGlobal Energy Leaders

We created the Thomson Reuters Top 100 Global Energy Leaders ranking as both a recognition of the effort that goes into sustained growth, as well as a means of accurately measuring the component elements that determine leadership in such a complex environment.
Emily Lyons
Emily Lyons
Managing Director, Energy Practice Group
We created the Thomson Reuters Top 100 Global Energy Leaders ranking as both a recognition of the effort that goes into sustained growth, as well as a means of accurately measuring the component elements that determine leadership in such a complex environment.
Emily Lyons
Emily Lyons
Managing Director, Energy Practice Group

Energy. It’s a heavily regulated, globe-spanning, life-essential industry that touches every aspect of modern life. Heat, cooling, light, transportation, the manufacturing of products ... imagine these are severely limited or altogether absent, and you quickly get a sense of the significance the energy industry has on daily lives and the dependence on its performance and proper governance.

The conditions that once led legendary oil titan John D. Rockefeller to state, “The growth of a large business is merely a survival of the fittest,”1 have changed dramatically. In today’s information-rich world, it takes more than just a robust set of financials or the acquisition of one’s rivals to determine those fit enough to lead in a sector.

Thomson Reuters Energy Practice Group (EPG), a team of professionals focused on the needs and challenges of today’s energy corporations, found an answer. Working in partnership with the Thomson Reuters Lab™ – Boston, they developed a methodology to define leadership in today’s complex business environment at the intersection of regulation and commerce. This methodology analyzes and ranks global energy companies across eight performance pillars comprising 28 factors of organizational strength and stability. The result: In 2017, they delivered the inaugural Thomson Reuters Top 100 Global Energy Leaders.

Methodology

How does one go about determining those energy organizations that are prominent today and poised to lead the way tomorrow?

According to Laura Gaze, Director, Enterprise Communications and Thought Leadership, Thomson Reuters, “Our leadership methodology looks at organizations to assess their aptitude for success not only from a financial standpoint, but also in areas such as supplier and supply chain risk, public perception and media sentiment, people and social responsibility, environmental impact, management and investor confidence, and more. Using the deep trove of data assets Thomson Reuters has, the EPG and Boston Lab were able to show the power of the enterprise in providing novel, valuable insights. From there, we categorized the finalists across four subsectors (oil and gas; oil- and gas-related services; multiline utilities; and renewable energy) to determine the final list of the Top 100 Global Energy Leaders.”

What Defines the Top 100?

Management & investor confidence

Management & investor confidence

Legal compliance

Legal compliance

Financial performance

Financial performance

Innovation

Innovation

Risk & resilience

Risk & resilience

People & social responsibility

People & social responsibility

Environmental impact

Environmental impact

Reputation

Reputation

“The Thomson Reuters Labs are well-suited to address this because it requires using novel techniques and integrating a great deal of data,” said Brian Ulicny, Senior Director, Thomson Reuters Labs. “Our challenge has been to come up with a way to rank companies within a sector across multiple incommensurable performance dimensions and produce a ranking of the companies that spans all of these dimensions. It was an exciting opportunity to bring together all these data sets relevant to energy companies that Thomson Reuters has access to and use them to come up with a totally objective ranking. We developed cutting-edge probabilistic programming techniques for this purpose.”

Brian and his team developed a highly sophisticated Bayesian-regression model to contend with cases where data may have been missing or incomplete and where correlated data might introduce unintentional biases. As he noted, “A virtue of the model is that the mathematics of it is based on probabilistic distributions of data, so it is designed to handle uncertainties and correlations well.” The team also created four lists of the top 25 subsector leaders in each of the aforementioned industry categories, to provide an even greater picture of the various movers and shakers on the global energy landscape.

The results are impressive and provide much deeper insight into leadership and potential longevity in the energy industry.

Our Top 100 companies outperformed the broader indices, such as the S&P 500, in our gross profit metric and demonstrated lower share price volatility.
Peter Miao
Peter Miao
Analyst, Deals Intelligence
Our Top 100 companies outperformed the broader indices, such as the S&P 500, in our gross profit metric and demonstrated lower share price volatility.
Peter Miao
Peter Miao
Analyst, Deals Intelligence

People in motion

Meet some of the professionals behind the Thomson Reuters Top 100 Global Energy Leaders ranking as they share how the project was conceived and executed.

Moderated By

Fred Katayama
Fred Katayama
Reporter and Producer, Reuters

Featuring

  • Emily LyonsManaging Director, Energy Practice Group
  • Brian UlicnySenior Director, Thomson Reuters Labs
  • Laura GazeDirector, Enterprise Communications and Thought Leadership
  • Alex ConstandacheSenior Data Scientist, Thomson Reuters Labs
  • Amit ShavitData Scientist, Thomson Reuters Labs

Meet Our Expert

Emily Lyons
Managing Director,
Energy Practice Group

Following the launch of the Energy Practice Group in the beginning of 2017, we developed the energy ranking to … help customers understand the incredible depth of capability and expertise Thomson Reuters brings to the energy industry.  Our goal is to build deeper, broader relationships and identify where we best add value to energy customers. We saw an opportunity to create a unique, comprehensive view of energy-industry business leadership and what it will take to assert and maintain leadership in a complex environment as this industry evolves. We brought together our content assets, domain expertise and our Boston Innovation Lab team to create this perspective on energy leadership in the 21st century.

I believe customers can absolutely rely on Thomson Reuters because … we bring to every conversation and relationship our unique blend of content and analysis, software and disruptive technologies, workflow and industry domain expertise. Thomson Reuters has been a leader in the information industry for over 100 years, operating in more than 100 countries. Our global reach and the trust we have built in our markets – with the world’s most comprehensive collection of news and information – gives customers confidence in partnering with Thomson Reuters.

In my position, I’m able to help our customers by … aligning Thomson Reuters leading solutions to our customers’ unique needs. Our team is focused on building deep customer and industry-level engagement, helping energy companies redefine success in uncertain times. We listen to our customers, work to really understand their business challenges and opportunities, and bring them insights based on customer best practices, industry thought leadership, market standards and our collective expertise.

I'm Emily Lyons signature, and I put trust in motion.
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Emily Lyons, undefined

We would like to acknowledge the contributions of the entire Thomson Reuters team behind the Top 100 Global Energy Leaders project:

Executive Sponsor: Emily Lyons
Managing Director, Energy Practice Group
Omar Bari
Data Scientist, Thomson Reuters Labs
Fred Barth
Global Business Director, Europe
Alex Constandache
Senior Data Scientist, Thomson Reuters Labs
Laura Gaze
Director, Enterprise Communications and Thought Leadership
Chris Jeffery
Global Head, Market Development – Energy, Legal
Peter Miao
Analyst, Deals Intelligence
Doug Pollock
Market Development Lead, Financial & Risk
Pete Roberts
Market Development Lead, Global Tax & Trade Management
Brian Romer
Data Visualization Lead, Thomson Reuters Labs
Amit Shavit
Data Scientist, Thomson Reuters Labs
Scott Todd
Global Business Director, Energy Practice Group
Brian Ulicny
Senior Director, Thomson Reuters Labs
Mona Vernon
Chief Technology Officer, Thomson Reuters Labs
Tony Zhou
Global Business Director, Energy Practice Group
  1. Social Darwinism in American Thought, Richard Hofstadter, page 45.
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