There was a time when investment in the energy sector was considered lucrative and rewarding. But due to certain geopolitical situations, the price of oil has decreased with time and is a big reason for the investors to worry for. With the fall in share price of big oil companies, this sector is vulnerable up to an extent.
No matter, the fall was unable to affect the US oil productions, which saw a growth by producing 9.69 million bpd. The top eleven lists consist of companies from different regions like USA, Europe, Brazil, Russia, and China.
Below is the list of top eleven oil and gas company in the World in 2017-2018
11. Statoil ASA
Finding its place at number eleven is Statoil, a Norwegian oil, and gas company. It was founded in the year 1944 by the Government of Norway. The sole objective of the formation of this company was to spearhead the growth of Norway in oil and gas sector. With more than 21,000 employees and presence in more than 35 countries, Statoil is ranked by Forbes magazine. Statoil merged with oil and gas division of Norsk hydro in the year 2007.
It is headquartered in Stavanger, Norway and is led by CEO Eldar Saetre. The company had seen a decline in its growth in the year 2016. Still then it was able to reach a market capitalization of $ 53.6 billion.
10. Total SA
The list is again filled by a European company. Total is a French-based multinational company, which looks after product trading, crude oil and natural gas exploration, petroleum product marketing and transportation. Apart from oil and gas, Total also deals in solar power and chemicals. It was established to look after the interest of France in this energy sector. With the help of many banks and other companies, Total was founded in 1924. Ernest Mercier is the founder of this company.
The company is headquartered at Courbevoie, France. Patrick Pouyanne is the CEO of the company. Till year ended 2016, the revenue of the company was $ 143 billion.
Next company which had made to the countdown belongs to Russia. One of the largest oil companies in Russia produces more than 89 million tons of oil per day. Lukoil was established in the year 1991 by the merger of three Siberian companies. The main protagonist in the merger was Vagit Alekperov, a former deputy minister of Soviet Union. Some of the countries where the company operates and explores are Saudi Arabia, Egypt, Iran, Iraq and many others.
The headquarters of the company is based in Moscow, Russia. Vagit Alekperov is the CEO of the company since 1993. With an employee base of more than 100,000 in 40 countries and revenue of more than $ 90 billion, Lukoil is undoubtedly one of the largest oil companies.
It would be surprising to find a Brazilian company in the list of top oil and gas companies in the world. To create a monopoly in the oil resources founded in the country, the then Brazilian Government under President Getúlio Vargas established the Petrobras Company. At present, the major shareholder is the Brazilian Government with more than 54% shares in the firm. Moreover, the firm operates in different segments like gas and power, biofuels, international, exploration and production, distribution, and refining etc.
The semi-public Brazilian company is headquartered in Rio de Janeiro, Brazil. Pedro Parente is the present CEO of the company. This multinational conglomerate is powered by more than 75,000 employees and the revenue earned is $ 96.2 billion.
One of the top listed Fortune 500 companies, Chevron Corporation was established in the year 1879 as Pacific Coast Oil Company. And in the year 1984, Standard Oil of California took the legal name as Chevron Corporation. An active firm organization in more than 179 countries, Chevron deals in various sectors like hydrocarbons exploration, geothermal energy, refining and chemical manufacturing, etc. It was also one of the companies which dominated from 1940 till 1970 in the global petroleum industry.
John S. Watson is the present CEO of the company. The headquarters of the company is located in San Ramon, California. With more than 60,000 employees around the globe and revenue of $110 billion, Chevron remains at the top.
6. Royal Dutch Shll
In 1907, two companies, Shell Transport and Trading Company Limited (United Kingdom) and Royal Dutch Petroleum Company (Netherlands) merged to form the Royal Dutch shell Group. The company is popularly called as “Shell”. This firm is registered in London Stock Exchange and is a part of FTSE 100 index. With operations spread out in more than 69 countries, Shell is actively dealing in different sectors like oil and gas, bio-fuels, renewable energy, petrochemicals and power generation, etc.
Shell is headquartered in Hague, Netherlands, but its registered office is located at London, United Kingdom. Ben van Beurden is the present CEO of the company since 2014. With revenue of $ 264.87 billion, Shell is one of the largest companies in the world.
5. British Petroleum (BP)
The root of BP is dated back to 1908 when Anglo-Persian oil Company (APOC) was formed. As time passed by, in 1954 the Anglo-Iranian oil Company (AIOC) was renamed as British Petroleum Company. Some of the major products of this company are aviation fuels, petrochemicals, motor fuels and natural gas. It produces around 3.3 million barrels of oil per day and is operating in more than 69 countries.
Since 2010, Bob Dudley is the CEO of the company. The headquarters of the company is located in London, United Kingdom. One of the largest companies in the world in terms of turnover and market capitalization, BP has revenue of $ 218 billion.
How can China remain behind in the race? PetroChina is able to remain at spot four, among the lists of best oil and gas company in the world. It was formed in the year 1999 as a part of China National Petroleum Corporation (CNPC) with limited liabilities. The largest oil producer in China, PetroChina is traded in New York and Hong Kong. It is also listed in SSE 50 and traded its share in Shanghai in 2007.
The headquarters of the organization is located at Dongcheng District, Beijing, China. Dongjin Wang is the CEO and President of this conglomerate. The revenue earned by the company is $ 274.6 billion.
American multinational company, Exxon Mobil was ranked in ninth position among the best 2000 companies in the world by Forbes. In 1999, two companies, Mobil (formerly the Standard Oil Company of New York) and Exxon (formerly Standard Oil Company of New Jersey) merged to form the Exxon Mobil. The daily production of oil by this company is 3.921 million BOE (barrels of oil equivalent). Some of the products of Exxon Mobil are natural gas, crude oil, oil products, and petrochemicals, etc.
At present, the CEO of the company is Darren Woods and the company has its headquarters in Irving, Texas, USA. With revenue of $ 236.81 billion, this company is one of the leading oil and gas companies in the world.
The Russian oil and gas company was formed in 1993. After purchasing assets of oil giant Yukos, Rosneft became the largest extraction and refinement company in Russia. After buying TNK-BP, Rosneft became the largest publicly traded company in 2013. It also owns more than 95% share in Essar Oil of India. Most of its exploration and production activities are carried out in Chechnya, Southern Russia, and Siberia.
Igor Sechin is the CEO of the company. The headquarters of Rosneft is in Moscow, Russia. With an employee base of more than 45,000 and revenue of $80.75 billion, it is leading the race.
At the top of the list is Russian giant Gazprom. This company was founded in 1989 as a privately owned company. The majority of its shares is owned by the Russian Government. Gazprom also helps the Russian diplomats in setting the oil prices and in providing access to pipelines. This company deals with the exploration and extraction of oil and gas, sale of natural gas and gas pipeline transport. Apart from oil and gas, it also has subsidiaries in finance, aviation, media and others.
The headquarters of the company is located in Moscow, Russia. Alexey miller is the present CEO of the company. It is supported by more than 4, 40, 000 employees and is leading the list with a revenue of $ 102.5 billion till year ended 2016.
The above is a summarized list of top eleven oil and gas companies in the world. Most of them are a state run entity, with a majority of the stake owned by the state governments. Oil and gas industry is major sector providing energy to perform the day to day activities. The world has seen a steep decrease in oil price, but some of the companies are successful in pulling out a fortune in such a scenario.