In its latest annual exploration review, Rystad Energy said the US supermajor was exceptional - both in terms of discovered volumes as well as value creation from exploration. Hess and CNOOC come in at second and third place respectively in terms of value creation in 2018. Total ranks as the second best oil major, having created about $2.2 billion in valuation from 2018 exploration. Elsewhere, Savannah Petroleum was the company with the highest value creation per barrel of oil equivalent (boe) last year thanks to its work in Africa. Russian independent Novatek had the greatest amount of discovered resources in 2018, at 935 million boe.

Source: Forbes February 03, 2019 17:48 UTC