It has the largest oil reserves in the world and earns a revenue of around 465 billion US dollars a year. PetroChina is the exchange-listed branch of the Chinese state-owned China National Petroleum Corporation and is counted among the largest oil and gas producers in business today. The oil-producing countries send raw crude oil to the oil importing countries including the United States, India, South Korea and China. Combustion of fossil fuels emits greenhouse gasses and other pollutants such as heavy metals. The 3rd largest oil and gas company in the US is ConocoPhillips, which has a market value of $76.7 billion. Select personalised ads. Marathon is leaseholder or owner of thousands of miles of petroleum pipelines and has been the owner of the Speedway gas station chain. We look below at the 10 biggest oil companies by 12-month trailing (TTM) revenue. This company is unusual in this list in that its stock does not trade in the U.S. American company Exxon Mobil was the world’s largest oil and gas company as of June 9, 2020 based on market capitalization, with a market cap totaling around 231.45 billion U.S. dollars. Founded in 1999, Exxon Mobil has its headquarters in Irving, Texas, US. Russian oil and gas company Lukoil conducts exploration, production, refining, transportation, and marketing of petroleum products primarily in the Siberian region. The energy sector is a category of stocks that relate to producing or supplying energy, i.e., oil and gas drilling and refining or power utility companies. Accessed September 10, 2020. The company has been criticized for using damaging methods in the exploration of oil in Gabon’s Loango National Park. We also reference original research from other reputable publishers where appropriate. All maps, graphics, flags, photos and original descriptions © 2021 worldatlas.com, The World’s Largest Oil Reserves By Country, Top Cotton Producing Countries In The World. An oil refinery is an industrial plant that refines crude oil into petroleum products such as diesel, gasoline and heating oils. Apply market research to generate audience insights. Among the many products that Exxon Mobil sells are fuel, lubricants, and other petroleum-derived chemicals. Rosneft is a Russian oil and gas company that owns the title of the world’s largest publicly traded petroleum company, as well as Russia’s petroleum industry leader. Use precise geolocation data. After Saudi Aramco, Exxon Mobil is the second-largest oil company in the world by market value even though Exxon Mobil is more than 10 times smaller than the Saudi Arabian company. 11 World’s Largest Oil Refineries by Processing Capacity. COVID-19, it comes as no surprise, has affected every company on the list. The Saudi Arabian Oil Company, better known as Saudi Aramco, is the world leader in... 2) Rosneft – 42,17,780bbl/day. Investopedia requires writers to use primary sources to support their work. This oil found herself on our list of Oil Companies In Us because it is one of America’s largest non-state run oil companies; not only that, after PetroChina, ExxonMobil is the second-largest energy company in the world. The company produces other products such as petroleum, natural gas, and petrochemicals. The company is ranked third in our list of biggest oil companies in the world with a revenue of 428.62 billion dollars. Saudi Aramco is also famous for having one of the largest crude oil reserves in the world at a staggering 261.1 bbl! Sinopec also deals in oil and gas exploration, production of petrochemicals, and sales and distribution services. British oil company BP is involved in oil and petrochemical exploration, production, and supply. Rex W. The company came about after a merger of two companies, Exxon and Mobil. "Marathon Is Selling Speedway Gas Stations to 7-Eleven’s Parent for $21 Billion." It is also one of the largest companies in the world by annual revenue, and has been called the most profitable as well. Unfortunately, in their exploration and daily business, these oil companies leave a negative impact on the environment, especially from the release of gasses that are responsible for global warming and ultimately climate change. All this despite rising public concerns about climate change and moves to reduce the use of carbon-based fuels such oil. Top ten companies by oil production 1) Saudi Aramco – 10,963,091bbl/day. Between 2018 and 2019, Iraq’s oil production increased by 2.6%, bringing output up to 4.74 million bpd. China Petroleum & Chemical is a producer and distributor of a variety of petrochemical and petroleum products. Measure content performance. "YCharts." Oil industries are a major income earner for countries with oil fields. Its headquarters are located in Dhahran, Saudi Arabia. Teekay is a Canada-based crude oil tanker company that specializes in crude oil, LNG, and LPG tankers. Top 10 Largest Oil Companies in the World 2020 by Revenues Saudi Aramco – 2019 revenue: $455.5 billion. Petroleum is critical to industries, and it is highly vital to maintaining and running industrial civilization as it is today. By May, the report says, cumulative market values for the world’s 2,000 largest public businesses were already down more than 4% since last spring and profits by 2.9%. The company is state-owned. Following is the list of world’s biggest and top five oil companies according to their revenue generation: The first one is based in united states. [citation needed] In an interview on the oil news website in November 2005, a Pemex employee spoke anonymously of the company's inability to grow production, stating that the company and country is at Hubbert's Peak. Sinopec has also been responsible for massive pollution of water bodies. Oil and gas $344,379: $15,842: 83,000: Netherlands: 6 Saudi Aramco: Oil and gas: $329,784: $88,211: 79,000: Saudi Arabia: 7 Sinopec Group: Oil and gas: $ 314.4: $6,793: 582,648: China: 8 Apple: Electronics: $294,135: $63,930: 147,000: United States: 9 Volkswagen: Automotive: $282,760: $15,542: 671,205: Germany: 10 BP: Oil and gas $282,610: $4,026: 72,500: United Kingdom: 11 Toyota: Automotive The oil giant is the world's most profitable company, eclipsing even tech giants like Apple and Alphabet. It was founded in 1933 as the California-Arabian Standard Oil Company and renamed in 1988 as the Saudi Aramco. It ranks the world's largest companies by using a composite score achieved by weighing revenues, profits, assets and market value equally. Some of the oil companies have been responsible for environmental pollution through by-products and oil spills. The company is criticized for its slow response to environmental pollution including the cleaning up of oil spills. Select basic ads. Based in the Netherlands, Royal Dutch Shell explores, produces, and refines petroleum through its subsidiary companies. Sinopec is a state-owned Chinese oil company in Beijing. #1 China Petroleum & Chemical Corp. (SNP), #3 Saudi Arabian Oil Co. (Saudi Aramco) (Tadawul: 2222). Like most of its large competitors, Total is an integrated energy company that engages in all aspects of the oil and gas business, from exploration through sale. ExxonMobil deals with crude oil, natural gas, petrochemicals, and other oil products. List of Partners (vendors), Oil remains a dominant source of energy worldwide, fueled by giant oil corporations that feed billions of barrels daily of petroleum products to energy thirsty economies. Trading OTC stocks often carries higher trading costs than trading stocks on exchanges. The Japanese retailer is owner of 7 Eleven. SNP, PTR, and TADAWUL: 2222 top the list of the top 10 biggest oil companies #1 China Petroleum & Chemical Corp. (SNP). Schlumberger is currently topping the list of the world’s top offshore drilling companies. Total also refines and produces petrochemical products. The largest oil company in the world is the Saudi Arabia-based Saudi Aramco. Just ask General Electric. 1. The company's products include gasoline, diesel, kerosene, synthetic rubbers and resins, jet fuel, and chemical fertilizers, among other related offerings. The upstream division is involved in the exploration and production of oil and natural gas, while the downstream operations cover refining, transportation, and marketing. The company operates the Kingdom’s proved reserves of 332.9 billion barrels of oil equivalent. It is a major employer of more than one million people. While it is only number six on the list of leading oil producers, it is the second largest of the OPEC countries. You can learn more about the standards we follow in producing accurate, unbiased content in our. The company expands its assets by buying other petroleum company shares as well as establishing drills in unexplored African territories. The largest oil company in the world is the Saudi Arabia-based Saudi Aramco. Oil and gas company … Oil is one of the world’s most important natural resources, playing a critical role in everything from transportation fuels to cosmetics. The Corporation is a state-owned organization established in 1988 with headquarters in Beijing. It is also the second largest exporter of the commodity, globally. BP also generates solar energy for sale as well. The activities of this company in the protected areas threaten the well-being of the wildlife living there. To be sure, oil prices have suffered from extreme volatility in 2020 as a result of the COVID-19 pandemic and exacerbating trade tensions. Saudi Aramco, which went public in 2019, is one of the largest companies in the world across all industries, as well as among the very largest global oil companies by revenue. Saudi Aramco currently occupies the top spot in the world’s largest oil... Sinopec – 2019 revenue: $448 billion. Since most world economies are reliant on carbon energy forms, petroleum, and petroleum products fetch good prices earning the countries revenue and providing employment to citizens and expatriates. Develop and improve products. ExxonMobil is an American oil company with headquarters in Texas. Marathon is a crude oil refining company. These include white papers, government data, original reporting, and interviews with industry experts. Rosnefts’s areas of focus include prospecting and exploration, production and oil refining. The world’s biggest oil and gas companies 1. Iraq’s crude oil exports have doubled from 2 million bpd to 4 million bpd since 2010 – most of the oil … Also known as Sinopec, China Petroleum & Chemical is among the very largest oil refining, gas, and petrochemical companies in the world. Top 5 Largest Oil Companies in the World (List) PDVSA produced 3.2 million barrels a day, according to official figures at the end of last year. BP is the biggest oil company in the United Kingdom and one of the largest oil companies in the world, and is another company involved in all of the areas of the oil and gas industry. China Petroleum & Chemical is a producer and distributor of a variety of... #2 PetroChina Co. Ltd. (PTR). Post category: Business & Economy; Usually, the crude oil processing capacity and size of the processing unit in the refinery are considered here to rank. This is due to the fact that being conglomerates, they have a number of major interests in other areas of industry that had to be taken into account. Oil and gas company PetroChina is engaged in oil products exploration, development, production, and sales. The company distributes oil and petroleum through an extensive pipeline system and by ship, serving customers in both Russia and the U.S. YCharts. Tillerson is the current company’s CEO and Chairman. While Investopedia would not normally include non-U.S.-listed stocks, Saudi Aramco is such a major player in the oil industry that a list of the biggest oil companies would not make sense without including it. Valaris (Ensco Rowan) – $1.7bn. Create a personalised ads profile. This list is limited to companies which are publicly traded in the U.S. or Canada, either directly or through ADRs. In spite of the early boycott, Pemex developed into one of the largest oil companies in the world and helped Mexico become the fifth-largest oil exporter in the world. View the high-resolution of the infographic by clicking here. Actively scan device characteristics for identification. 15 Largest Drilling Companies in the World 15 Largest Energy Companies in the World 15 Largest Oil Companies in the World BP Chevron China National Offshore Oil … Exxon Mobil is a global petroleum and petrochemicals business. Royal Dutch Shell’s operating revenue was up by … China Petroleum & Chemical Corporation (Sinopec) – $426bn. The biggest oil refining company in Brazil is easily one of the biggest oil refining companies in the world and is one of the biggest polluting companies in the world by far. Serving millions of consumers in over 100 countries around the globe through the supply of our products, power, and heat. The company explores, produces, trades, transports, and sells oil and natural gas. Jump to navigation Jump to search. However, some companies on the list have higher revenues than others placed above them. Saudi Aramco is the largest oil company in the world by daily oil production. Like our list of the world’s 10 largest oilfield services companies we have based the list solely on the last financial year’s revenues. These industries export oil to different countries around the world. Hubbert’s peak theory is the idea that as oil production follows a bell-shaped curve, global oil production will peak and go into terminal decline. Create a personalised content profile. Chevron is also involved in chemical and mining operations as well as non-energy activities such as technology development. It's also involved in electrical power generation through coal and minerals operations. This makes ConocoPhillips the largest independent pure play company in the world. While Chinese and U.S. companies make up half of the 10 companies, major players also are from Saudi Arabia, Europe and Russia. The company was founded in 1999 through the merger of Exxon (formerly Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York) and has a revenue of 268.9 billion dollars. All data provided by YCharts and as of September 9, 2020.. The UK-based Valaris, that used to be known as Ensco Rowan until July 2019, earned $1.7bn in revenues in 2018 to make the top 10 of our list.This figure meant a 7.48 % … List of largest oil and gas companies by revenue. Mapped: The World’s Largest State-Owned Oil Companies. Sinopec and Shell are larger as revenue. As a result, many have found their place on the Fortune Global 500 list, a ranking of the world’s 500 largest companies … Some of the stocks below are only traded over-the-counter (OTC) in the U.S., not on exchanges. Serving customers across the U.S., the company refines, supplies, transports, and sells petroleum products. The offers that appear in this table are from partnerships from which Investopedia receives compensation. LUKOIL is one of the largest publicly traded, vertically integrated oil and gas companies in the world accounting for more than 2% of the world’s oil production and around 1% of the proved hydrocarbon reserves. An integrated oil and gas company is a business entity that engages in the exploration, production, refinement, and distribution of oil and gas. Teekay Corporation ranks number 1 on our list of the top 10 largest oil tanker companies in the world in 2020. Headquartered in Dhahran, Saudi Arabia, Saudi Aramco is engaged in exploration, production, refining, distribution and marketing of oil and gas. Oil companies don’t entirely dominate the list though, corporations in the investing, retail and automotive industries have also raked in enough, hundreds of billions, to cement their positions on this year’s list, of the top 10 richest companies in the world. In addition to operating gas stations around the world, Shell produces and sells fuels, lubricants, and other chemicals. Some foreign companies may report semiannually, and so may have longer lag times. The company has been held responsible for the pollution of water and air through leaks and destruction of the environment through drilling in the process of exploration. Saudi Aramco is the world's largest oil company. World’s Biggest Offshore Drilling Companies 10. It ranks fourth among the biggest oil companies in the world by revenue generated. Exxon Mobil is one of the world's largest oil and gas companies, whose shares are freely traded on the open securities market. The company has a worldwide presence for exploration and distribution. Exxon Mobil is the largest publicly traded oil and gas company in the world in market value. It is the world’s largest oil and gas producer. It was founded on August 30, 2002, after the merger of Conoco Inc. and Phillips Petroleum … What is the largest oil tanker company in the world? . Accessed Sept. 9, 2020. The company refines and sells petroleum products including chemicals such as acetic acid, ethylene, polyethylene, and terephtalic acid. Total, headquartered in France, explores and produces crude oil, natural gas, and low-carbon electricity. In 2017, it reported a revenue of $465.49 billion US dollars. Chevron is an integrated oil company with primary business operations both upstream and downstream. For this reason, many governments choose to nationalize their supply of oil. New York Times. State-Owned Oil Companies by Revenue. Oil sands are found in parts of Canada, Venezuela, Kazakhstan, and Russia, and produce a thick form of crude oil that can be extracted from the earth. It is the second-largest oil company in the world with annual revenue of 455.499 billion dollars. Sinopec’s refinery and distribution segment accounts for... 2. The cooperation operates in the following states, Canada, the United States, Norway, Belgium, and other countries of the world. It holds around 9% of the world’s oil reserves, which is more than 140 billion barrels. Compared with their high-water marks in mid-2014, Big Oil … Select personalised content. The past two years have been a wild ride for investors in the world's biggest publicly traded oil companies. In early August, Marathon agreed to sell Speedway and its 4,000 outlets to Japan's Seven & i Holdings, for for $21 billion. National oil companies are a major force in the global energy sector, controlling approximately three-quarters of the Earth’s oil reserves. AT&T . China’s Sinopec Group is … Measure ad performance. The oil industry is the largest source of Volatile Organic Compounds (VOCs), the chemicals responsible for smog and ground-level ozone.