This report was prepared by Baker & O’Brien, Inc. (Baker & O’Brien) using its own models and analysis. The opinions and findings in this report are based upon Baker & O'Brien's experience, expertise, skill, research, analysis, and related work to date. Forecasts and projections contained in this report represent Baker & O'Brien's best judgment utilizing its skill and expertise and are inher…
In May 1876, Nicolaus Otto built the first practical four-stroke-cycle internal combustion engine powered by a liquid fuel. By 1884, he concluded development of his engine with the invention of the first magneto ignition system for low-voltage ignition. The liquid fuel used by Otto became known as gasoline in the United States; elsewhere it may be known as gasolina, petrol, essence, or benzin (…
Petroliam Nasional Berhad (PETRONAS) is a leading global energy company committed to powering society’s progress in a responsible and sustainable manner. With close to 50,000 employees and a global reach spanning over 100 countries, we are ranked among the world’s largest corporations by revenue in the Fortune Media IP Ltd’s 2022 Fortune Global 500® list. As Malaysia’s national oil and…
In classical mythology, Atlas carries the weight of the world and the star-studded sky on his shoulders. Much like his brother Prometheus, Atlas, a Titan, is punished by the victorious Olym-pian gods, led by Zeus, for siding with Kronos and the humans created by the Titans in the war against them. Prometheus is also notorious for having given humanity fire. Consequently, he…
For one hundred and thirty years, from its establishment in 1880 to 2010, Imperial Oil Company Ltd. was the largest petroleum company in Canada; in 2009, Suncor merged with Petro Canada and Imperial fell to second place. Even so, in 2018 Imperial remained among the top ten non-financial companies in Canada, ranked by revenues and assets. The third ranked company, Enbridg…