Oil fields if managed properly are major sources of income to its country of residence. So many countries of the world are popular and center of tourism and socioeconomic development because of how they have handled their oil wells. The hallmark of it, is that, with properly managed oil fields, a country can turn out to become the richest in the world.
So many people are confused and have been asking this one question, “which are the 10 top oil producing companies in the world and which of them tops the list” as well as their net revenues. We have put up this article to answer these numerous questions and show you how is on the top of the list.
While Nigeria is always heard as one of the top oil producing companies in the world, but how far have she managed her oil wells? Saudi Aramco is a Saudi Arabian company that has managed the oil fields around the vicinity and made Saudi Arabia top oil producing companies in the world followed by the USA. Let’s see complete list of the top 10 on this list.
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10 Top Oil Producing Companies In The World
1. Saudi Aramco
Saudi Aramco is the largest and leading world oil company in Dhahran, Saudi Arabia. The company is a state-owned company that was founded in 1933 as the California-Arabian Standard Oil Company and renamed in 1988 as the Saudi Aramco. The company had an annual revenue of $478 billion USD in 2015, and even with a fall in her revenue in 2017, it still lead the world’s oil producing companies in the world.
The Chinese owned company, Sinopec is the second top oil producing companies in the world. Sinopec is as well the largest oil and gas exploration; production of petrochemicals and sales and distribution services in Beijing, China State. Also apart from oil production and production of petrochemicals etc, Sinopec increases its revenue from buying other company’s shares.
3. China National Petroleum Corporation (CPNC)
China National Petroleum Corporation is the third largest oil in the world and second largest in China. The company is a state-owned organization in China with its headquarters in Dongcheng District, Beijing. In 2015, CPNC was ranked third in the world by Fortune Global. The company is one of the highest private investor and employment opportunity in China.
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Another Chinese government owned company, PetroChina is the 4th in the list. PetroChina was created in November 1999 by injecting into it most of the assets and liabilities of CNPC relating to its hydrocarbon exploration and production, refining and marketing, chemicals and natural gas businesses. The company makes its fortune by engaging in a range of petroleum related products, services, and activities. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments.
5. Exxon Mobil
The first America company on the list is Exxon Mobil. Exxon Mobil is popular and common in all parts of world. ExxonMobil deals with crude oil, natural gas, petrochemicals, and other oil products. With 268.9 US Dollars for Mobil, America claims that it would be the top oil producing company by the year, 2045.
6. Royal Dutch Shell
Royal Dutch Shell popularly known as Shell, is a British–Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is one of the six oil and gas “super-majors” and the sixth-largest company in the world measured by 2016 revenues (and the largest based in Europe). In 2013, Shell was ranked number one in the Fortune Global 500 list of the world’s largest companies.
7. Kuwait Petroleum Corporation (KPC)
Kuwait Petroleum Corporation with the acronym KPC, is an Arabic national oil company headquartered in Kuwait city. KPC produces about 7% of the world’s total crude oil aside which they also focus on petroleum exploration, production, petrochemicals, refining, marketing, and transportation. It’s one of the highest employers and investors in Arab.
NOTE: Due to the high rate of online impersonal, KPC wishes to announce to the general public that its official website is https://www.kpc.com.kw. And warns that the public should decease from any other website or company apart from that.
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8. British Petroleum Plc (BP)
British Petroleum Plc commonly known as BP, is a British multinational oil and gas company in London. BP is one of the energy producing companies in the world which focuses on providing heat, light and mobility for billions of people while lowering carbon sources. The company is the sixth-largest energy company by market capitalization and the world’s twelfth-largest revenue turnover company.
9. Total SA
The French multinational integrated oil and gas company, Total is one of the seven “Super-major” oil companies in the world. Total makes its fortune from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading.
The last but not the least is Lukoil incorporated – a Russian government-owned company with a net revenue of $212. LUKOIL is one of the world’s largest international vertically integrated oil and gas companies with businesses located in 35 countries worldwide. The company offers high-quality products and a wide range of services ranging from petroleum exploration, production, petrochemicals, refining, and marketing.
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