6/2/22, 12:37 AM The Top 10 Oil & Gas Companies in the World: 2019 | Oil & Gas IQ
1. Sinopec
2018 Revenue: $377 billion
Ownership: State-owned
Nationality: China
2018 Net Income: $9.1 billion
2018 Barrels per day: 4.88 million
Established in 1998 from the former China Petrochemical Corporation, the super-large petroleum a
group is primarily focused on exploration and production, refining, marketing and distribution.
The largest company on this list with an annual revenue of $377 billion, Sinopec, is a state-owned C
Beijing. The company significantly expanded its assets by exploring and drilling in African territories
foothold in the continent. In fact, Chinese oil and gas organisations now operate in more than 20 Af
regularly beating off major western oil and gas competitors to secure lucrative offshore deepwater p
2.Saudi Aramco
2018 Revenue: $355.9 bn
Ownership: State-owned
Nationality: Saudi Arabia
2018 Net Income: $111.1 bn
2018 barrels per day: 13.6 million
Saudi Aramco is Saudi Arabia's national oil company. Operating in both upstream and downstream
extensive operations in production, exploration, petrochemicals, refining, marketing and internationa
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2018 Revenue: $324 billion
Ownership: State-owned
Nationality: China
2018 Net Income: $5.4 billion
2018 Barrels per day: 1.9 million
Established in 1988 and the predecessor of the Ministry of Petroleum Industry of the People's Repu
Petroleum Corporation is a state-owned oil and gas company with governmental administrative func
With the liberalization of trade in China and the resulting economic boom, CNPC first started to exp
development of overseas oil fields in 1993. It has come a very long way since then, with much of its
subsidiary, PetroChina, and it is now the worlds 4th largest publically listed company and currently a
China's oil and gas output.
4. Royal Dutch Shell
2018 Revenue: $322 billion
Ownership: Public Limited Company
Nationality: UK-Netherlands
2018 Net Income: $23.9 billion
2018 Barrels per day: 3.7 million
The supermajor more commonly known as Shell was founded in 1907 following the merger of the R
and the "Shell" Transport and Trading Company Ltd of the United Kingdom.
Thanks to its distinctive logo and subsidiary Shell Oil Company’s many service stations, Shell2/5is one
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6/2/22, 12:37 AM The Top 10 Oil & Gas Companies in the World: 2019 | Oil & Gas IQ
2018 Net Income: $9.58 billion
2018 Barrels per day: 4.1 million
The Anglo-Persian Oil Company was formed in 1909, itself an offshoot of the Burmah Oil Company
Iranian Oil Company and then finally to BP. 11 years later the company became the first to strike oil
20,000 plus service stations, BP is one of the most recognisable oil and gas companies.
Other notable mergers and acquisitions following its privatisation in 1979 / 1987 include Amoco in 1
Castrol in 2000, becoming one of the largest petroleum companies in the world
The company rebranded in 2001, dropping its green shield logo in favour of the "Helios" symbol – d
all its forms. The company also adopted the slogan "Beyond Petroleum" – highlighting their focus o
stressing their commitment to a lower carbon future.
In recent times, most revenue generated by the petroleum giant is through the downstream segmen
processing, oil products and chemicals.
6. ExxonMobil
2018 Revenue: $241 billion
Ownership: Private Limited Company
Nationality: U.S.
2018 Net Income: $20.84 billion
2018 Barrels per day: 4.91 million
Formed in 1999 after the merger of Exxon and Mobil, the US multinational oil and gas company is o
world. The world’s seventh largest company by revenue, ExxonMobil holds an industry-leading inve
the largest integrated refiners, marketer of petroleum products and chemical manufacturers in the w
A descendant of Standard Oil, established by John D. Rockefeller in 1870, ExxonMobil has evolved
regional marketer of kerosene in the U.S. to the largest publicly traded oil and gas company in the w
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Their public profile took a hit in 1989 with the Valdez oil spill when 10.8 million US gallons of crude o
6/2/22, 12:37 AM The Top 10 Oil & Gas Companies in the World: 2019 | Oil & Gas IQ
Founded in1924, Total's activities cover the entire oil and gas chain. Total has a very diverse portfol
themes with a strong presence in LNG, particularly due to exposure to Australian LNG. Total has pr
century and has also branched into renewable energies and electric power.
Recently, Xavier Pfeuty, LNG Manager of Total’s Marine Fuel Global Solutions group, the oil giant is
a viable marine fuel. Total has been pursuing major LNG contracts – and in December 2017, won th
CMA CGM for 300,000 tonnes of LNG per year for ten years.
Demonstrating attractive growth potential, Total grew its production by 8% in 2018 and is set to incr
8. Valero
2018 Revenue: $117 billion
Ownership: Public
Nationality: U.S
2018 Net Income: $4.1 billion
2018 Barrels per day: 3.1 million
Fortune 50 company, Valero, is an international manufacturer and marketer of transportation fuels a
based in Texas. One of the world’s largest independent petroleum refiners, Valero's activities are pr
refining crude oil as - opposed to drilling - and selling the product through its 6,800 retail outlets.
Formerly know, as Valero Refining and Marketing company, Valero was founded in 1980. It now ope
and 14 ethanol plants and employees over 20,000 personnel.
9. Gazprom
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In recent times, Gazprom has been focusing on large scale projects to exploit gas resources in the
Eastern Siberia and the Far East, Developing Russia’s Arctic shelf resources and developing a gas
10. Phillips 66
2018 Revenue: $111 billion
Ownership: Public
Nationality: U.S.
2018 Net Income: $5.106 billion
2018 Barrels per day: 2.2 million
Major U.S. energy manufacturing and logistics company, Phillips 66, has a diversified portfolio of ac
marketing and refining areas of oil and gas production.
Phillips 66 has over 130 years in the sector, but its recent branding can be traced back to 2002 whe
become Conoco Phillips, resulting in the third-largest company in the US. Phillips 66 emerged from
downstream businesses to create a publicly traded company in 2012. Now, the energy company ha
refineries and 64,000 miles of pipeline - displaying a bright future and impressive ability to gain mai
Additional mentions
Kuwait Petroleum Corp
2017 Revenue: $251 billion
Nationality: Kuwait
Lukoil
2017 Revenue: $114 billion
Nationality: Russia
Eni
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2017 Revenue: $131 billion
