Oil and gas are among the most valuable commodities in the world, powering everything from cars to planes to homes. As energy demand grows, the biggest oil and gas companies have become some of the world’s largest and most profitable corporations.
Saudi Aramco
Saudi Aramco is the largest in the world, with an estimated value of $2 trillion. It is a state-owned company based in Saudi Arabia responsible for producing around 10% of the world’s oil supply. Aramco’s oil reserves are estimated to be approximately 260 billion barrels, more than ten times the reserves of its closest competitor. The company is known for its massive oil fields and ability to pump out large amounts of oil quickly and efficiently.
Sinopec Group
Sinopec Group is China’s largest oil and gas company, with assets worth around $330 billion. It is a state-owned company producing around 20% of China’s oil and gas supply. Sinopec is known for its extensive refining and petrochemical operations, which help to turn crude oil into a range of products, including gasoline, diesel, and plastics.
Royal Dutch Shell
Royal Dutch Shell is a multinational company based in the Netherlands. It is one of the largest companies in the world, with assets worth around $300 billion. Shell is known for its operations in more than 70 countries. The company is also a significant player in the liquefied natural gas (LNG) market, with projects in Australia, Canada, and Qatar.
ExxonMobil
ExxonMobil is one of the world’s largest companies and is responsible for producing around 3% of the world’s oil supply. ExxonMobil is known for its strong presence in the industry’s upstream sector, with operations in more than 20 countries. They lead in new oil and gas exploration and production technologies.
BP
The UK-based company BP has assets of almost $200 billion. With activities in more than 70 nations, BP is renowned for its significant presence. The firm invests in wind, solar, and biofuels and is a trailblazer in developing new renewable energy technology.
Chevron
Chevron is an American multinational oil and gas company with assets worth around $170 billion. Chevron is known for its strong presence in the industry’s upstream sector, with operations in more than 30 countries. The company is also a significant player in the LNG market, with projects in Australia and Angola.
Total
Total is a French multinational oil and gas company with assets worth around $140 billion. Total is known for its substantial operations in more than 130 countries. The company develops renewable energy technologies, investing in solar, wind, and biofuels.