14 Jul 2014
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5 Largest Oil Companies in the World
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If you've ever wondered what the largest oil companies in the world are, chances are you didn't get it right. It's not one you see every day, like Texaco or Shell. Some of the world's largest oil companies are household names while others are not. Here is a list of the 5 biggest oil companies in the world.
1. Saudi Aramco
Saudi Aramco is by far the world's largest oil company, in both revenue and proved reserves. The company generates more than $1 billion per day in total revenue and 12.5 mmbopd. The company's Shaybah project sits on proved reserves of more than 15 billion barrels of oil. The company's biggest field, Ghawar, can produce 5 mmbopd on its own. That's more than most countries.
2. Gazprom
The second largest oil company in the world is in fact the largest producer of natural gas, Gazprom. At 9.7 mmbopd, the Russian company holds a virtual monopoly on gas deliveries to Europe. With $40 billion worth of profits every year, the company is state-owned and run by the Kremlin.
3. National Iranian Oil Co.
Yet another state-owned oil company, the Iranian oil Co. is the world's third largest with 6.4 mmbopd, this despite international sanctions.
4. ExxonMobil
The only thing more impressive than ExxonMobil's $40 billion in annual profits is its $400 billion in annual sales. At 5.3 mmbopd, ExxonMobil is the largest independently owned oil company in the world and produces five times more oil than the entire United Kingdom.
5. PetroChina
At 4.4 mmbopd, PetroChina is the largest of the three China state-owned oil companies. Of all the publicly traded companies, it also has the largest market capitalization. With trillions of cubic feet of natural gas in its shale deposits, the company could one day rival Gazprom in the region.
Also from Brown
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by Philip Loyd, Brown Editor
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