So which are the largest coal companies in the world? Keep up reading Insider Monkey’s article and you will get to know! Being among the most influential inustries in the world, coal industry is one of the most controversial industries as well. The economically developed countries have recently turned to renewable energy sources, yet 38% of producing electricity still needs coal. What’s more, due to developing countries, such as Pakistan, Malaysia, Vietnam and Bangladesh, in 2021 producing of seaborne coal is predicted to be increased.
Despite the facts mentioned above, Europe holds the first place in reducing of coal usage. Nevertheless there are lots of negative effects of burning of fossil fuels just to haveelectricity. This led the global warming and greenhouse effect. But due to use alternative, renewable energy sources, its consumption declined in 2019. Hereby we have picked two companies from Insider Monkey’s list. For this time, we present you with some thought-provoking numbers.
PTT Public Company (SET:PTT) stands on the fourth spot on the list. It’s a Thailand headquartered company, with nearly 30,000 employees. As it was found in 1978, it has a long standing tradition in producing coal.
Market cap of the company (in billions of dollars): 31.3
Total revenue in latest fiscal year (in billions of dollars): 71.5
Total profit in latest fiscal year (in millions of dollars): 2,900
Total assets of the company (in billions of dollars) 82.9
China Shenhua Energy Company (SSE: 601088) is on the third spot of the entire list, ad if you check out the numbers of this mammoth, you will understand why. China Shenhua has around 75,000 employees, and according to Insider Monkey’s investigation, it was responsible for at 2.4% of the total greenhouse gases released.
Market cap of the company (in billions of dollars): 35.6
Total revenue in latest fiscal year (in billions of dollars): 35
Total profit in latest fiscal year (in millions of dollars): 6,100
Total assets of the company (in billions of dollars) 80.8
For gaining more arresting information, please click the largest coal companies in the world.