14 Jul 2014 More

5 Largest Oil Companies in the World

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Image shows an oil storage unit at one of the largest oil companies in the world
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

If you're in the oil business then you know just how important your tools are. Come check out all the great tools at our news tools division site, BrownToolBox.com.  

If you like keeping up with news and events, we invite you to come see our new oil & gas media site, BrownPetro.com.

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by Philip Loyd, Brown Editor


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