U.S. Shale Profits Beating Big Oil Rivals

Slumping oil prices have cast a shadow over the U.S. shale oil boom, but fast-growing domestic producers and other shale firms still dominated an annual survey of global energy companies from Platts.

The Platts Top 250 Global Energy Company Rankings, which measured 2014 financial performance in a variety of sectors, showed that it was a strong year for U.S. shale players, whose earnings growth outpaced industry heavyweights.

Although corporate growth rates across the board fell slightly, America’s top shale players booked significant gains. They recorded a three-year compound growth rate of 56%, up from 46.8% in 2013, according to Platts. Eight of the 10 energy firms with the best growth rates were North American shale or tight oil companies.  Read more