Consumption of Fuel and Materials per Capita, The Periodic Table of Commodity Returns (2013-2022), Ranked: The 20 Most Air-Polluted Cities on Earth, Mapped: Air Pollution Levels Around the World in 2022. several uses and it is most commonly used in the automobile sector. The Covid-19 crisis resulted in a 33% decrease in revenues in the first nine months of 2020 over the same period in 2019, driven by lower crude oil prices and sales volumes, as well as reduced refining and chemicals margins. Rosneft is a Russian state-owned oil and gas company that operates 13 refineries. 15 Biggest Oil Companies in USA - Yahoo Finance China National Petroleum Corporation (CNPC) is a state-owned oil and gas company with operations around the world. Accessed July 06, 2023. https://www.statista.com/statistics/257417/top-10-oil-and-gas-companies-worldwide-based-on-revenue/, Financial Times. China Petroleum & Chemical Corporation (Sinopec), Saudi Riyal (SAR): Definition, History, Exchange Rate to Dollar, What Is Saudi Aramco? New formulations for low sulphur fuel oil passed the engine and endurance tests, which will reduce the refining cost of the company. Cloud mentions in company filings of oil & gas industry increased by 51% in Q1 2023, Whos saying what? When you see that almost half of the companies in the Oil and Gas industry in the United . Top 10 Largest Oil Companies in the World 2020 - Bizvibe Blog The petro majors of the world, or the largest oil companies on the planet, namely Exxon Mobil Corporation (NYSE: XOM ), Chevron Corporation (NYSE: CVX ), BP p.l.c. Kimberly Overcast is an award-winning writer and fact-checker. The combined distillation capacity of its 21 refineries is approximately 5Mbpd. BP also posted a massive loss of US$5.7 billion in 2020, compared to a US$10-billion profit in 2019. In, Financial Times. Brazilian multinational Petroleo Brasiliero, better known as Petrobras, is the largest producer of oil in South America with a production rate of just under 2mbbl/day. The state-owned Kuwait Petroleum Company (KPC) is the third-largest producer of oil in the world, with a production rate of over 3.4mbbl/day. Sinopec Ltd is listed on the Hong Kong Stock Exchange and in 2021 it generated $413 billion in revenues, making it the highest revenue-producing state-owned oil company. statistic alerts) please log in with your personal account. What is Lubricant? Ranking compiled in June 2023 based on the latest available revenue data. (June 13, 2022). Since then, the company has rapidly recovered. if(window.innerWidth <= 1023){ These types of ultimatums may be an effective solution for driving climate action forward. Sinopec Ltd is part of Sinopec Group, the world's largest oil conglomerate in the world, located in Beijing China. The company sold its California-based Martinez refinery in February 2020. The refining capacity of the company declined by 6.3% in the first nine months of 2020 over the same period in 2019, due to reduced demand during the Covid-19 crisis. Investing is speculative. "This Is Energy. Which Countries are Buying Russian Fossil Fuels? ", Financial Times, Leading oil and gas companies based on revenue in the United States as of 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/257417/top-10-oil-and-gas-companies-worldwide-based-on-revenue/ (last visited July 06, 2023), Leading oil and gas companies based on revenue in the United States as of 2022 (in billion U.S. dollars) [Graph], Financial Times, June 13, 2022. The company generated $38.1 billion in revenue for the fiscal year ending in March 2019 (latest reported figures). Besides the pandemic, the companies also faced increasing competition amid campaigns to transition towards renewable energy sources. facts. Sinopec does extensive business in Africa but also owns stakes in oil companies in other regions and countries, such as Egypt and Brazil. ExxonMobil, for example, booked its first annual loss since the 1999 merger of Exxon and Mobil, and the first annual loss in at least 40 years after the pandemic crushed oil demand and prices and led to a huge domestic gas asset impairment. Offshore Technology lists the top ten oil and gas companies in 2020, based on 2019 revenues. The state-owned company and its subsidiaries regulate the Nigerian oil and natural gas industries and oversee upstream and downstream operational development. and over 1Mio. 5 largest oil and gas companies' 2020 revenue drops 30% - Finbold "Leading Oil and Gas Companies Based on Revenue in The United States as of 2022 (in Billion U.S. Interestingly, some companies like Exxon posted their worst annual losses in modern history. Use Ask Statista Research Service. To use individual functions (e.g., mark statistics as favourites, set dollars)." Sinopec, also known as China Petroleum and Chemical Corp - $323bn in 2020 Chinese state-owned Sinopec was one of the first companies to feel the effects of the pandemic when China imposed lockdowns in early 2020. CNPC is also one of the largest oil and gas companies by revenue, with revenues of $326bn The company ranked #4 in Forbes Global Fortune 500 from 2017-2019. and over 1Mio. If you are an admin, please authenticate by logging in again. Then you can access your favorite statistics via the star in the header. As a result, many have found their place on the Fortune Global 500 list, a ranking of the worlds 500 largest companies by revenue. Oil reserves are an estimate of the amount of crude oil located in a particular economic region with the potential of being extracted. Valero has 15 refineries across the US, Canada and the UK with the total refining capacity of 3,150kb/d for crude oil, intermediates, and other feedstocks. Average production in 2019 was 2.4 million barrels of oil per day. What are the worlds largest and most influential state-owned oil companies? The company operates 26 refineries and petrochemical units, primarily in the north-east and north-west China and employs 1,448,400 people worldwide. In 2021, the companys profits were $23 billion or less than half of 2022s haul. ExxonMobil is No. The refining industry is undergoing transition due to new International Maritime Organisation (IMO) low-sulphur shipping fuel specification that came into effect in January 2020. Subscribe to unlock more. eToro USA LLC does not offer CFDs, only real Crypto assets available. Investor Alert: Oilprice.com has released its Top 50 Oil & Gas Companies Report for 2019. Thats like a fad, to make promises for 2050. Fossil Fuels Big Oil - statistics & facts Used as a term to describe the world's six largest and most influential publicly-traded oil and natural gas producers - Big Oil refers to BP,. The World's Biggest State-Owned Oil Companies - Investopedia The oil sector will potentially still enjoy dominance because the industry commands incredible influence in the global economy. The companys proven hydrocarbon resources are around 41BBOe, with a number of exploration operations increasing Rosnefts resources in recent years. This time we've compiled the list of the world's largest oil and gas operating companies by sales for the previous year, in the hope that getting a deeper view of their financial insights, you'll gain an overall picture of the industry, that will help you discover its investment and business development potential. OPEC or the Organization of the Petroleum Exporting Countries consists of the major oil-exporting nations. The National Iranian Oil Company is responsible for all upstream operations in the oil and natural gas sectors. Showing 10 out of 25 companies. The company spent CNY31.4bn ($4.4bn) on the refinery business segment in 2019, primarily covering Zhongke Refining and Petrochemical project, Zhenhai, Tianjin, Maoming and Luoyang refinery upgrade projects. 10 Biggest Oil Companies - Investopedia U.S. oil and gas companies by revenue 2022 | Statista The refining segments revenue grew 10.6% year-on-year, due to higher volumes and margins in the fuel oil and petroleum exports in 2019. Securing a total profit of $59.2 billion, U.S. oil giant ExxonMobil recorded the highest total of the lot. What are Top Investment Managers Holding in Their Portfolios? 317 in 2021 and Shell is No. Data acquired by Finbold indicates that the five largest companies in the sector recorded a revenue of $1.14 trillion in 2020, representing a loss of about 30.9% or $500 billion from the 2019 figure of $1.65 trillion. U.S. Securities and Exchange Commission. Sinopec (China) 2. Russia's oil and gas revenue fell by over a quarter in June Global crude oil prices had already escalated as global economies began recovering, and demand increased after the onset of the COVID-19 pandemic. Exclusive: oil companies' profits soared to $174bn this year as US gas View all newsletters from across the GlobalData Media network. Financial Times. The company, however, showed recovery in global energy markets due to eased Covid-19 restrictions in multiple locations worldwide. ExxonMobil operates across the Americas, Europe, Asia Pacific, Africa and the Middle East regions. Give your business an edge with our leading industry insights. This list comprises the world's largest companies by consolidated revenue, according to the Fortune Global 500 2022 rankings. Sinopec China Petroleum & Chemical Corporation, or Sinopec, is a Chinese oil and gas enterprise based in Beijing, China. Its refineries are located in the Gulf Coast, Mid-Continent and West Coast regions of the US. Directly accessible data for 170 industries from 150+ countries The United States-based company generated 70.91 billion U.S. dollars in revenues, as. While the company has struggled with corruption scandals and debt woes in recent years, Petrobras has shown signs of recovery and is involved in a number of planned exploration and production projects. Discover why hydrocarbons are important to the modern economy. Saudi Aramco's net profit slumped by 44 percent year over year to US$49 billion for 2020, but it kept its US$75 billion annual dividend, most of which goes to the biggest oil firm's majority owner with 98 percent, the Kingdom of Saudi Arabia. In this graphic, Vipul Sharma of Mastermind Investor uses accumulated earnings data from Energy Monitor to highlight the five companies that made a cumulative profit of over $200 billion in 2022. These production levels are expected to continue through to 2021, bolstered by a number of discoveries and projects launched in 2018. Target and North Face stocks are up this much in a month; Is the backlash over? Leading oil demanding sectors in the OECD 2020, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. Oil explorer 88 Energy has bought into more West Texas oil acreage, further expanding its Longhorn project footprint. The refined petroleum products are marketed under the PDV brand in Venezuela and CITGO brand across Eastern and Mid-western regions of the US. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, insurance portfolio management, finance and accounting, personal investment and financial planning advice, and development of educational materials about life insurance and annuities. The company produces approximately 7% of the worlds total crude oil, with proven reserves of about 111BBOe. Keysight to buy French software firm ESI Group for nearly $1 billion Government-controlled companies dominate the ranks of the world's largest energy producers. It was founded in 1933 as the California-Arabian Standard Oil Company and renamed in 1988 as the Saudi Aramco. China National Petroleum Corporation (CNPC) 4,832kb/d. "Joint Venture Activities. China National Petroleum Corporation - 2019 revenue: $428.6 billion. The companys international diversification in recent years has contributed to its influence in the global energy market, even with the ongoing trade dispute between China and the US. In 2021, the total revenue of the United States' oil and gas industry came to about 211.9 billion U.S. dollars, an increase from the previous year, when the coronavirus pandemic impacted in the. When asked about commitments further into the future, however, the companys CEO appeared to be less enthusiastic. A hydrocarbon is an organic chemical compound composed of hydrogen and carbon atoms. Top 50 Biggest Oil Companies USA BoldData Company Data Due to variations in reporting and available information, the companies named do not represent a comprehensive index. Chinese companies continue to dominate the industry, with Sinopec topping the list, followed by China National Petroleum Corp and PetroChina. The state-owned China National Petroleum Company (CNPC) is the largest producer of oil in East Asia, with a production rate of just under 3mbbl/day. Ranking: Top 30 Oilfield Services Companies of 2020. "Nigeria. Please create an employee account to be able to mark statistics as favorites. Combustion Engine Vehicles, Visualizing the Worlds Largest Lithium Producers, Mapped: Renewable Energy and Battery Installations in the U.S. in 2023, Ranked: The Cities with the Best Work-Life Balance in the World, Mapped: The Growth in House Prices by Country, Ranked: The Cities with the Most Skyscrapers in 2023, Ranked: The Worlds Biggest Steel Producers, by Country, Charted: 30 Years of Central Bank Gold Demand, Visualizing U.S. This suggests that as time passes, many governments will need to find a balance between economic growth and environmental protection. The agency analyzed the financial statements of the 14 biggest firms ExxonMobil, Chevron, ConocoPhillips, Halliburton, Schlumberger, Baker Hughes, Shell, BP, Total, Eni, Equinor, Lukoil, Rosneft, and Saudi Aramco. *Value of Iranian petroleum exports in 2019. The Middle East and North Africa (MENA) is a region encompassing approximately 22 countries. Gas and oil industry revenue U.S. 2021 | Statista Russian integrated energy company Rosneft is the second-largest producer of oil in the world, as well as the worlds largest publicly-traded petroleum company, with a production rate of over 4.2mbbl/day. Our previous research showed the three-month relative stock performance was dominated by the energy sector with gains of 11.75% in profits after trading in the red zone in 2020. These three regions combined have a 17% market share in the total USA oil industry. The company acquired a 17% interest in Hyundai Heavy Industries Holdings (HHIH) Hyundai Oilbank in 2019. ", Energy Information Administration. He wanted to break into a multi-billion dollar industry servicing platforms for energy companies. June 22, 2023 7:00 am ET. "Form 20-F: PetroChina Company Limited.". National oil companies (NOCs) are economic giants. Saudi Aramco was the latest national oil company to follow this strategy, putting up 1.5% of its business in a 2019 initial public offering (IPO). Despite the global push towards renewable energy and price fluctuations, the oil industry is expected to thrive for years to come, with major oil companies like Devon Energy (NYSE:DVN),. Currently, you are using a shared account. Lubricants are mostly used in gearbox, engine, brakes, and transmission mechanisms in vehicles. Oil and gas plays a hugely important role in the economies of many countries around the world, which has led to oil and gas companies growing and becoming more influential. Going public can be an effective strategy for these companies as it allows them to raise capital for new projects, while also ensuring their governments maintain control. The pressure of these sanctions is proving to be particularly damaging, with PDVSAs daily production in decline since 2016. [1] In 2019, the global oilfield services market was US $ 267.8 billion. Its History, IPO, and Financials, Hydrocarbons: Definition, Companies, Types, and Uses, Organization of the Petroleum Exporting Countries (OPEC), Oil Reserves: Definition, Calculation, Statistics, and Examples, Middle East and North Africa (MENA): Countries and Economy, Nigerian National Petroleum Corporation (NNPC), Saudi Aramco Reports Strong 2019 Results Despite Difficult Macro Environment, Kingdom of Saudi Arabia Ministry of Petroleum and Mineral Resources, Igor Sechin Reports to the President of the Russian Federation on the Companys 2019 Operating Results and Prospects of Vostok Oil Project, Kuwait Oil Revenues Reach $38.10 Billion in 2021, Data Download: Table 3.1: World Proven Crude Oil Reserves by Country, How Venezuela This Year Almost Doubled Its Oil Output, Mele Kyari: Nigeria Will Raise Oil Output to 1.8m Bpd by End of 2021. In a country for which oil comprises 95% of exports, Venezuelas economic outlook is becoming increasingly dire. OpenEI. Biggest Oil Companies In The World - WorldAtlas Other state-owned oil giants are in Russia and China, as well as Latin America and Africa. This is a list of oilfield service companies notable[according to whom?] Its like a magical year. Many of the biggest state-owned oil companies operate in the Middle East, a region long synonymous with state control of energy resources. "Leading oil and gas companies based on revenue in the United States as of 2022 (in billion U.S. Heres how much Bud Light stock is up in a month: Is the BUD boycott over. Putting the Cost of COVID-19 in Perspective, The Periodic Table of Commodity Returns (2021 Edition), How EV Adoption Will Impact Oil Consumption (2015-2025P), Charted: Commodities vs Equity Valuations (19702023). So, for every dollar that is credited, they give back $13 in taxes. Between geopolitical conflicts, environmental concerns, and price fluctuations, state-owned oil companies are likely to face a much tougher environment in the decades to come. List of largest oil and gas companies by revenue. Source: Fortune, Statista, OPEC. The final straw was drawn in August 2020 when the countrys last remaining oil rig suspended its operations. An oil company may produce or distribute a variety of petrochemical and. Rosneft, the biggest oil and gas company in Russia, boosted its revenue by 31.4% to $133.7bn in 2018. Global Energy Alert members receive 5-part series for free.Get your 30-day risk-free trial here and get . Best Crypto Exchange for Intermediate Traders and Investors. This Is Aramco," Page 9. In 2019, the company generated $376 billion in revenue. (2 min) The Baker Hughes exhibit at the Gastech conference in September 2021. to incorporate the statistic into your presentation at any time. Please, TotalEnergies CEO: Oil Companies Should Set Carbon Targets At Upcoming COP28, UAE To Invest $45 Billion Through 2030 To Meet Its Growing Energy Demand, Zelenskiy Raises Alarm Over Russian Threats At Zaporizhzhya Nuclear Plant, China's Export Controls On Rare Earth Metals "Is Just The Beginning", Italy Orders Minimum Coal Power Output As It Rolls Back Energy Emergency, Europes Largest IPO This Year Values Hidroelectrica At $10.2 Billion, U.S. Navy Stopped Iran From Seizing Oil Tankers Near Strait Of Hormuz, UAE: Latest Output Cuts Are Enough To Balance The Oil Market, Heatwave To Drive Energy Demand Higher In Europe, McKinsey: Key Metals Shortages Could Slow The Energy Transition, LNA Head Threatens Unrest Over Libyan Oil Revenue Distribution, Russian Oil Prices Jump Ahead Of Export Cut, FAA Permits "Limited" Flight Operations For SpaceX-Backed Flying Cars, Trans Mountain Pipeline Unlikely To Ship Canadian Oil To Asia, Brazils Petrobras Looks To Buy Oil Assets After A Decade Of Divestments, UK Energy Supply Sector To Return To Profits For First Time In Five Years, EU Climate Boss Raises Concerns Over Chinas Coal Expansion, UK Manufacturing Faces More Headwinds As Overseas Spending Cools, China Stockpiling Cobalt Reserves Amid Price Crash, Tesla Stock Climbs 6% After Beating Analyst Delivery Estimates, Water Scarcity Could Derail Bidens Green Hydrogen Plans, India Has Started Paying In Yuan For Some Russian Oil Imports, Russia Says It Will Reduce Oil Exports By 500,000 Bpd In August, Saudi Arabia Expected To Cut Oil Prices To Asia, Oil Prices Climb As Saudi Arabia Extends Production Cut Into August, Oil Prices Remain Steady As Traders Brace For Tighter Supply, Australian Commodity Exports Set To Fall From Record Highs. Brunei Govt Revenue: Oil and Gas Revenue data remains active status in CEIC and is reported by . The company has been involved in numerous solar energy projects across Asia and has stated its interests in hydrogen fuels. National Oil Companies Are Economic Giants - IMF F&D Editors Note: This post and infographic are intended to provide a broad summary of the state-owned oil industry. The company earned $103.7bn in revenue from the refining operations in 2019, an 8.7% decline compared to the previous year, due to a fall in sales of the companys refining segment. Top Oil and Gas Companies In The World [2023 Updated List] Robotics mentions in company filings of oil & gas industry increased by 53% in Q1 2023, Whos saying what? While the sanctions placed on Iran due to the countrys nuclear programme have deterred overseas investments in Iranian oil and gas, the NIOC continues to invest in exploration projects to utilise the 200 undeveloped oil and gas fields in the country. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets. The largest oil companies in the world by revenue are state-owned. Roberto Castello Branco, CEO, Petrobras. As a group . Chart. Much of CNPC's oil operations are organized under its subsidiary, PetroChina. Chord Energy Corporation, Crew Energy Inc, Extraction Oil & Gas Inc, W&T Offshore Inc, and Denbury Inc are the top 5 small independent oil & gas exploration companies in North America in 2021 by reserves. They dominate energy production in some of the world's most oil-rich countries, including the Islamic Republic of Iran, Mexico, Saudi Arabia, and Venezuela, and they play a central role in the oil and . Sinopec is a subsidiary of China Petrochemical Corporation. Top 50 largest Oil Companies by revenue. Robotics mentions in company filings of oil & gas industry increased by 53% in Q1 2023, Whos saying what? and over 1Mio. The company employs 334,600 people worldwide. Timeline: Cannabis Legislation in the U.S. Visualizing the Relationship Between Cancer and Lifespan. As big oil companies embark on recovery from the pandemic lows of last year, they still posted significant returns in revenues despite a plunge in demand for their products. Statista assumes no (The production statistics quoted in this feature come from GlobalDatas analyst team and are for 2018.). Oil products export increased moderately to maintain a relatively high utilisation rate. Definition [ edit] Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. In recent years the traditional supermajors have seen stiff competition from the growing number of National Oil Companies - state-owned entities that are increasingly seizing sole rights to major oil reserves. [Online]. [1] In 2019, the global oilfield services market was US $ 267.8 billion. It has three strong brands, Marathon, Speedway and ARCO. Read about OPECs impact on oil supply and prices. Some posted historic losses as they also wrote down the value of their resources. Leading global oil and gas producers based on revenue 2023; Leading oil and gas producers based on market cap June 2023; BP's operating revenue 2005-2022; ExxonMobil's operating revenue 2001-2022
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