"Profitability is in line with that of international oil majors and exceeds that of some national oil companies", and is comparable to Total SA and Royal Dutch Shell Plc, Fitch said. Exxon Mobil Corp has higher equivalent credit ratings from Moody's and Standard & Poor's than Adnoc, while Fitch doesn't rate the US producer. Fitch previously ranked the US$3 billion in bonds secured by Adnoc's crude pipeline at AA. Fitch also gave the company an AA+ standalone ranking, which doesn't take into account any external support when considering a company's debt. Most regional state-owned oil companies aren't rated, while Qatar Petroleum, the top exporter of liquefied natural gas, is ranked Aa3 by Moody's and AA- by Standard & Poor's. BLOOMBERG