Major oil companies of the world: a brief description

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today's world is simply inconceivable without the active use of a wide range of hydrocarbons. Without them, normal, full-fledged work of any of the sectors of the national economy is impossible, and therefore the value of these natural resources is extremely difficult to overestimate. This article will study the largest oil companies on the planet, their brief history of formation and features.

At a Glance

The top ten largest oil-producing giants include a wide variety of organizations representing a number of states. Each of these companies has its own intricacies of management and development. At the same time, the development of all of them is happening so rapidly that now some of the giants of the world business described below have a revenue of about a billion dollars daily.

The largest oil companies in the world are invariably distinguished by hundreds of thousands of employees all over the planet, millions of barrels of "black gold" pumped out of the bowels of the earth, colossal incomes and so on. However, with all this, each of the corporations still has its own unique success story and secrets.management.

Russian giant

Studying the world's leading oil companies, we will certainly note the monopolist from the Russian Federation. Gazprom, in its structure, is the largest organization on the planet, it was established in 1989. The controlling stake in the corporation is in the hands of the state. In the 90s, the company began to actively develop, largely because then the prime minister of the country was the former head of this structure. Today, Gazprom's annual income is about $150 billion, and therefore the Russian player in the oil market cannot be ignored.

If you point to the largest oil producer in the Russian Federation, which is not part of vertically integrated holdings, then it is the Irkutsk Oil Company, with about 7,000 employees and headquartered in Moscow. The corporation was founded in 2000. It is headed by Marina Sedykh as CEO, and Nikolai Buinov is listed as the main shareholder.

Norwegian monopoly

Europe's oil companies are a separate topic and it's worth starting to study it with a Norwegian representative called Statoil. This corporation is the largest supplier of natural gas to the European continent. The main shares of the giant are exclusively administered by the state, and raw materials are directly mined in Nigeria, Algeria, the Russian Federation and even the USA. The capitalization of the Norwegian company is about 65 billion dollars.

Competitors from China

Petrochina - that's rightis called a serious rival of the oil concerns of Europe and America. A corporation from China was founded in 1999 and today it pumps about 4.4 million barrels from the ground every day. The active increase in production has led to the fact that the annual income of Petrochina is approximately 214 billion dollars. Thus, the oil companies of the United States and the Old World found a worthy competitor in the face of the Chinese. Moreover, it is capable of becoming the leader in the energy sector in the world in the near future.

By the way, Chinese oil companies have another powerful player in the person of Sinopec, which is engaged in the exploration of oil and gas fields and their subsequent implementation. The value of capitalization is 98 billion dollars.

Americans

The strongest US oil companies are Chevron and ExxonMobil. The first corporation conducts oil exploration in 35 countries of the planet, and is also engaged in the production of fertilizers, chemicals, household chemicals and other things. As of 2013, annual revenue was $220 billion.

As for ExxonMobil, the founder of this industrial giant is John Rockefeller himself. The size of the income of this concern is simply a whopping 420 billion dollars a year. Unfortunately, the activities of the American company are regularly subjected to well-founded criticism for the fact that through its fault large environmental disasters periodically occur both on land and at sea.

European players

The main oil companies of the Old World are British Petroleum and Royal Dutch Shell. First RepresentativeFoggy Albion was originally engaged in the export of Iranian oil, but over time significantly expanded its activities, including even the use of wind energy where possible. The corporation does not forget to pay attention to biofuels, but still the main area is oil production and refining.

If we talk about Royal Dutch Shell, then this is a joint project of the UK and the Netherlands, with a capitalization of $252 billion.

Absolute leader

Saudi Aramco is the planetary absolute champion in daily oil production. This figure is 10 million barrels per day. This corporation controls almost a quarter of the world's "black gold" reserves. The capitalization of the giant is almost 1.5 trillion dollars, which is practically unattainable for all other participants in the oil business of the whole earth.