Top 10 Biggest Oil & Gas Companies In the World
Oil and gas industry is famous for its part in polluting the environment. Because of growing public concerns about climate change, today world is shifting towards renewable energy and lessening the use of carbon-based fuels. But still oil proceeds to be the world’s primary energy source ahead of wind power and solar energy. Everyday the oil corporations provides billions of barrels daily of petroleum products to economies. There are over 200 oil and gas companies in the world. During COVID-19 pandemic, other industries are crumbling, still these oil companies have generated significant revenue. According to the US Energy Information Association, the U.S. alone consumed approximately 22% of total world petroleum consumption. With the U.S. oil and gas industry helping at least 10 million jobs.
Oil has long been one of the world’s highest-in-demand product in the world, therefore oil is also known as "black gold". Oil is also used as the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. The production, distribution, refining, and retailing of petroleum taken as a whole represents the world's largest industry in terms of dollar value.
Major oil markets like China, the US, Saudi Arabia, and Russia boast biggest oil companies in the world because of their high oil reserves, oil production, and oil consumptions. These oil corporations are primarily involved in the business of exploration, extraction, drilling, refining, transportation, and trading of oil and gas. The oil and gas industry boasts some of the largest companies in the world. Top five oil companies listed in the top 10 of the Fortune Global 500 belongs to oil and gas industry. These oil companies have begun to invest in renewable technologies.
Oil has long been one of the world’s highest-in-demand product in the world, therefore oil is also known as "black gold". Oil is also used as the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. The production, distribution, refining, and retailing of petroleum taken as a whole represents the world's largest industry in terms of dollar value.
Major oil markets like China, the US, Saudi Arabia, and Russia boast biggest oil companies in the world because of their high oil reserves, oil production, and oil consumptions. These oil corporations are primarily involved in the business of exploration, extraction, drilling, refining, transportation, and trading of oil and gas. The oil and gas industry boasts some of the largest companies in the world. Top five oil companies listed in the top 10 of the Fortune Global 500 belongs to oil and gas industry. These oil companies have begun to invest in renewable technologies.
Scroll through to see all Top 10 Biggest Oil & Gas Companies In the World :-
10. Rosneft :-
PJSC Rosneft Oil Company is a Russian energy company. It is headquartered in Moscow. Rosneft was founded in 1993 as a state enterprise and it has 334,600 employees. Rosneft is the third-largest Russian company and the second-largest state-controlled company after Gazprom in Russia in terms of revenue. The company is controlled by the Russian government through the Rosneftegaz holding company.
Rosneft involves in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. The company operates in more than twenty countries around the world. Rosneft is engaged in exploration and production across all key oil and gas regions of Russia including Western Siberia, Southern and Central Russia, Timan-Pechora, Eastern Siberia, the Far East, and the shelf of Russia's the Arctic Ocean.
PJSC Gazprom is a Russian state-owned multinational energy company. It is headquartered in the Lakhta Center in Saint Petersburg. The company was established on August 8, 1989, and has 469,600 employees. It is the largest publicly-listed natural gas company in the world and the largest company in Russia by revenue. Gazprom was ranked as the 32nd -largest public company in the world by Forbes Global 2000. The company is mostly controlled by the Russian government, via the Federal Agency for State Property Management and Rosneftegaz.
Gazprom is engaged in every area of the gas industry, including exploration and production, refining, transport, distribution and marketing, and power generation. Gazprom produced twelve per cent of the global output of natural gas, producing 497.6 billion cubic meters of natural and associated gas and 15.9 million tonnes of gas condensate. Gazprom sends abroad the gas through pipelines that the company builds and holds across Russia and abroad such as Nord Stream and TurkStream. Gazprom has proven reserves of 35.1 trillion cubic meters of gas and 1.6 billion tons of gas condensate. Gazprom is also a large oil producer through its subsidiary Gazprom Neft, producing about 41 million tons of oil with reserves amounting to 2 billion tons.
The PJSC Lukoil Oil Company is a Russian multinational energy company. It is headquartered in Moscow. The company was founded on 25 November 1991 and has 101,000 employees. Lukoil is the second largest company in Russia after Gazprom and the country’s largest non-state enterprise in terms of revenue. Lukoil was ranked as the 99th -largest public company in the world by
Forbes Global 2000.
The company specializes in the business of extraction, production, transport, and sale of petroleum, natural gas, and petroleum products. It is one of the largest global producers of crude oil. The company produced 87.488 million tons of oil and 35.046 billion cubic meters of natural gas. The company has operations and subsidiaries in more than 28 countries around the world.
Chevron Corporation is an American multinational energy company. It is the second-largest oil company in America. One of the successor companies of Standard Oil. It is headquartered in San Ramon, California. The company was founded on September 10, 1879, as Pacific Coast Oil Co. and has 42,628 employees. It ranked fifteenth in the Fortune 500 with yearly revenue of $146.5 billion and a market valuation of $136 billion. Chevron was ranked as the 61st-largest public company in the world by Forbes Global 2000. It was also one of the Seven Sisters that led the global petroleum industry from the mid-1940s to the 1970s.
Chevron is engaged in every aspect of the oil and natural gas industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron's manufacture and sell products such as fuels, lubricants, additives, and petrochemicals. The company's most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea and Australia. The company produced an average of 791,000 barrels of net oil equivalent per day in the United States. The company is operating in more than 180 countries.
TotalEnergies SE is a French multinational integrated oil and gas company. TotalEnergies is headquartered in the Tour Total in La Défense district in Courbevoie, west of Paris. The company was founded on 28 March 1924 and has 105,476 employees. It was placed as the 29th-largest public company in the world by Forbes Global 2000. It is one of the seven "supermajor" oil companies.
The company engages in the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. TotalEnergies is also a large-scale chemicals manufacturer. Total is active in 23 projects of exploration and production in Africa, Asia, Europe, North America, South America and Russia.
Exxon Mobil Corporation is an American multinational oil and gas company. It is headquartered in Irving, Texas. The company was founded in November 30, 1999, by the merger of Exxon and Mobil, and has 72,000 employees. It is one of the world's largest companies by revenue, ExxonMobil from 1996 to 2017 varied from the first to sixth largest publicly traded company by market capitalization. The company was ranked third globally by Forbes Global 2000. ExxonMobil was the tenth most profitable company in the Fortune 500. As of 2018, the company is the largest United States corporations by total revenue.
It is the largest successor of John D. Rockefeller's Standard Oil. ExxonMobil's primary brands are Exxon, Mobil, Esso, and ExxonMobil Chemical. ExxonMobil is incorporated in New Jersey. ExxonMobil is the largest non-government-owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy.
BP plc is a british multinational oil and gas company. It is headquartered in London, England. It is one of the world's seven oil and gas "supermajors". The company was founded on 14 April 1909 and has 70,100 employees.
It is active in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, power generation, and trading. It also invested in renewable energy like biofuels, wind power, smart grid, and solar technology.
BP had produced around 3.7 million barrels per day of oil equivalent and had total proven reserves of 19.945 billion barrels of oil equivalent. The company has around 18,700 service stations worldwide. Its largest division is BP America in the United States. In Russia, BP holds a 19.75% stake in Rosneft, the world's largest publicly traded oil and gas company by hydrocarbon reserves and production. BP had operations in 78 countries worldwide with the global headquarters in London, United Kingdom.
The China National Petroleum Corporation is a major national oil and gas corporation of China and one of the largest incorporated energy groups in the world. It is headquarters in Dongcheng District, Beijing. The company was founded on November 5, 1988, and has 460,724 employees. CNPC was ranked fourth in 2020 Fortune Global 500, a global ranking of the largest corporations by revenue.
CNPC is active in exploration and production, refining and marketing, chemicals and natural gas businesses.
CNPC holds proven reserves of 3.7 billion barrels of oil equivalent. CNPC produced 54 billion cubic metres of natural gas. CNPC has 30 international exploration and production projects with operations in Azerbaijan, Canada, Iran, Indonesia, Myanmar, Oman, Peru, Sudan, Niger, Thailand, Turkmenistan, and Venezuela. Many of the company's exploration projects are conducted by the Great Wall Drilling Company, a wholly-owned drilling services company.
Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company. It is headquartered in The Hague in the Netherlands. It is incorporated in the United Kingdom as a public limited company. The company was founded in April 1907 and has 86,000 employees. It is one of the oil and gas "supermajors", and, counted by revenues, the fifth-largest company in the world, the largest based in Europe, and the largest not based in either China or the United States. Shell was ranked as the 21st-largest public company in the world by Forbes Global 2000 in 2020. Shell was first on the Fortune Global 500 list of the world's largest companies. It is still the largest non-state-owned energy corporation in the world and the second-largest non-Chinese corporation in the world, following Walmart.
Shell is active in every area of the oil and gas industry, including exploration and production, refining, transport, distribution and marketing, petrochemicals, power generation, and trading. It also has renewable energy activities, including biofuels, hydrogen and wind.
Shell has operations in over 70 countries, produces around 3.7 million barrels of oil equivalent per day and has around 44,000 service stations worldwide. As of 2019, Shell had total proved reserves of 11.1 billion barrels of oil equivalent. Shell Oil Company, its principal subsidiary in the United States, is one of its largest businesses. Shell holds 50% of RaÃzen, a joint venture with Cosan, which is the third-largest Brazil-based energy company by revenues and a major producer of ethanol. The company specializes in
oil exploration, production, transportation, refining and finally trading and marketing. The company is also active in the chemicals business, generate the majority of Shell's profits worldwide. It also operates a global network of more than 40,000 petrol stations and its various oil refineries, retail petrol station network, lubricants manufacture and marketing, industrial fuel and lubricants sales, and a host of other products/markets sectors such as LPG and bitumen.
Rosneft involves in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. The company operates in more than twenty countries around the world. Rosneft is engaged in exploration and production across all key oil and gas regions of Russia including Western Siberia, Southern and Central Russia, Timan-Pechora, Eastern Siberia, the Far East, and the shelf of Russia's the Arctic Ocean.
9. Gazprom :-
PJSC Gazprom is a Russian state-owned multinational energy company. It is headquartered in the Lakhta Center in Saint Petersburg. The company was established on August 8, 1989, and has 469,600 employees. It is the largest publicly-listed natural gas company in the world and the largest company in Russia by revenue. Gazprom was ranked as the 32nd -largest public company in the world by Forbes Global 2000. The company is mostly controlled by the Russian government, via the Federal Agency for State Property Management and Rosneftegaz.
Gazprom is engaged in every area of the gas industry, including exploration and production, refining, transport, distribution and marketing, and power generation. Gazprom produced twelve per cent of the global output of natural gas, producing 497.6 billion cubic meters of natural and associated gas and 15.9 million tonnes of gas condensate. Gazprom sends abroad the gas through pipelines that the company builds and holds across Russia and abroad such as Nord Stream and TurkStream. Gazprom has proven reserves of 35.1 trillion cubic meters of gas and 1.6 billion tons of gas condensate. Gazprom is also a large oil producer through its subsidiary Gazprom Neft, producing about 41 million tons of oil with reserves amounting to 2 billion tons.
8. Lukoil :-
The PJSC Lukoil Oil Company is a Russian multinational energy company. It is headquartered in Moscow. The company was founded on 25 November 1991 and has 101,000 employees. Lukoil is the second largest company in Russia after Gazprom and the country’s largest non-state enterprise in terms of revenue. Lukoil was ranked as the 99th -largest public company in the world by
Forbes Global 2000.
The company specializes in the business of extraction, production, transport, and sale of petroleum, natural gas, and petroleum products. It is one of the largest global producers of crude oil. The company produced 87.488 million tons of oil and 35.046 billion cubic meters of natural gas. The company has operations and subsidiaries in more than 28 countries around the world.
7. Chevron :-
Chevron Corporation is an American multinational energy company. It is the second-largest oil company in America. One of the successor companies of Standard Oil. It is headquartered in San Ramon, California. The company was founded on September 10, 1879, as Pacific Coast Oil Co. and has 42,628 employees. It ranked fifteenth in the Fortune 500 with yearly revenue of $146.5 billion and a market valuation of $136 billion. Chevron was ranked as the 61st-largest public company in the world by Forbes Global 2000. It was also one of the Seven Sisters that led the global petroleum industry from the mid-1940s to the 1970s.
Chevron is engaged in every aspect of the oil and natural gas industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron's manufacture and sell products such as fuels, lubricants, additives, and petrochemicals. The company's most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea and Australia. The company produced an average of 791,000 barrels of net oil equivalent per day in the United States. The company is operating in more than 180 countries.
6. Total Energies :-
TotalEnergies SE is a French multinational integrated oil and gas company. TotalEnergies is headquartered in the Tour Total in La Défense district in Courbevoie, west of Paris. The company was founded on 28 March 1924 and has 105,476 employees. It was placed as the 29th-largest public company in the world by Forbes Global 2000. It is one of the seven "supermajor" oil companies.
The company engages in the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. TotalEnergies is also a large-scale chemicals manufacturer. Total is active in 23 projects of exploration and production in Africa, Asia, Europe, North America, South America and Russia.
5. Exxon Mobil :-
Exxon Mobil Corporation is an American multinational oil and gas company. It is headquartered in Irving, Texas. The company was founded in November 30, 1999, by the merger of Exxon and Mobil, and has 72,000 employees. It is one of the world's largest companies by revenue, ExxonMobil from 1996 to 2017 varied from the first to sixth largest publicly traded company by market capitalization. The company was ranked third globally by Forbes Global 2000. ExxonMobil was the tenth most profitable company in the Fortune 500. As of 2018, the company is the largest United States corporations by total revenue.
It is the largest successor of John D. Rockefeller's Standard Oil. ExxonMobil's primary brands are Exxon, Mobil, Esso, and ExxonMobil Chemical. ExxonMobil is incorporated in New Jersey. ExxonMobil is the largest non-government-owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy.
4. BP :-
BP plc is a british multinational oil and gas company. It is headquartered in London, England. It is one of the world's seven oil and gas "supermajors". The company was founded on 14 April 1909 and has 70,100 employees.
It is active in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, power generation, and trading. It also invested in renewable energy like biofuels, wind power, smart grid, and solar technology.
BP had produced around 3.7 million barrels per day of oil equivalent and had total proven reserves of 19.945 billion barrels of oil equivalent. The company has around 18,700 service stations worldwide. Its largest division is BP America in the United States. In Russia, BP holds a 19.75% stake in Rosneft, the world's largest publicly traded oil and gas company by hydrocarbon reserves and production. BP had operations in 78 countries worldwide with the global headquarters in London, United Kingdom.
3. China National Petroleum :-
The China National Petroleum Corporation is a major national oil and gas corporation of China and one of the largest incorporated energy groups in the world. It is headquarters in Dongcheng District, Beijing. The company was founded on November 5, 1988, and has 460,724 employees. CNPC was ranked fourth in 2020 Fortune Global 500, a global ranking of the largest corporations by revenue.
CNPC is active in exploration and production, refining and marketing, chemicals and natural gas businesses.
CNPC holds proven reserves of 3.7 billion barrels of oil equivalent. CNPC produced 54 billion cubic metres of natural gas. CNPC has 30 international exploration and production projects with operations in Azerbaijan, Canada, Iran, Indonesia, Myanmar, Oman, Peru, Sudan, Niger, Thailand, Turkmenistan, and Venezuela. Many of the company's exploration projects are conducted by the Great Wall Drilling Company, a wholly-owned drilling services company.
2. Royal Dutch Shell :-
Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company. It is headquartered in The Hague in the Netherlands. It is incorporated in the United Kingdom as a public limited company. The company was founded in April 1907 and has 86,000 employees. It is one of the oil and gas "supermajors", and, counted by revenues, the fifth-largest company in the world, the largest based in Europe, and the largest not based in either China or the United States. Shell was ranked as the 21st-largest public company in the world by Forbes Global 2000 in 2020. Shell was first on the Fortune Global 500 list of the world's largest companies. It is still the largest non-state-owned energy corporation in the world and the second-largest non-Chinese corporation in the world, following Walmart.
Shell is active in every area of the oil and gas industry, including exploration and production, refining, transport, distribution and marketing, petrochemicals, power generation, and trading. It also has renewable energy activities, including biofuels, hydrogen and wind.
Shell has operations in over 70 countries, produces around 3.7 million barrels of oil equivalent per day and has around 44,000 service stations worldwide. As of 2019, Shell had total proved reserves of 11.1 billion barrels of oil equivalent. Shell Oil Company, its principal subsidiary in the United States, is one of its largest businesses. Shell holds 50% of RaÃzen, a joint venture with Cosan, which is the third-largest Brazil-based energy company by revenues and a major producer of ethanol. The company specializes in
oil exploration, production, transportation, refining and finally trading and marketing. The company is also active in the chemicals business, generate the majority of Shell's profits worldwide. It also operates a global network of more than 40,000 petrol stations and its various oil refineries, retail petrol station network, lubricants manufacture and marketing, industrial fuel and lubricants sales, and a host of other products/markets sectors such as LPG and bitumen.
1. Saudi Aramco :-
Saudi Aramco officially the Saudi Arabian Oil Company is a Saudi Arabian public petroleum and natural gas company. It is headquartered in Dhahran. The company was founded on 29 May 1933 and has 66,800 employees. As of 2020, it is one of the largest companies in the world by revenue.
Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels and the largest daily oil production of all oil-producing companies. Saudi Aramco owns the world's largest single hydrocarbon network, the Master Gas System. Its crude oil production total was 3.4 billion barrels and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet of natural gas reserves. Saudi Aramco controls the Ghawar Field, the world's largest onshore oil field, and the Safaniya Field, the world's largest offshore oil field. Saudi Aramco's operations span around the globe and work in exploration, production, refining, chemicals, distribution and marketing.
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