UAE Business: Shell leads all oil and gas brands, Aramco takes second place – Gulf Digital News

UAE Business: Shell leads all oil and gas brands, Aramco takes second place – Gulf Digital News

Oil major Shell tops the oil and gas brands, growing its brand value by 18% to $49.9 billion this year, despite Covid, the conflict in Ukraine and increased awareness about ESG causing widespread havoc to the sector globally.

Saudi Arabian oil giant Aramco retains the second place globally with 16% brand value growth to $43.6 billion and UAE’s Adnoc grows strongly, up 19% to $12.8 billion, benefiting from top brand guardian CEO in industry, according to a new report from the world’s leading brand value consultancy, Brand Finance.

After a tough two years due to wildly fluctuating demand, the oil and gas sector is powering ahead with the world’s 50 most valuable oil and gas brands achieving an aggregate growth of 8% this year.

Shell focused on energy transition

Every year, leading brand valuation consultancy Brand Finance puts 5,000 of the biggest brands to the test, and publishes around 100 reports, ranking brands across all sectors and countries. The oil and gas industry’s top 50 most valuable and strongest brands in the world are included in the annual Brand Finance Oil & Gas 50 ranking.

Shell’s brand is increasingly focused on developing an energy transition strategy as it aims to become a net-zero emissions energy