The largest companies in the world (2014). The largest oil companies in the world

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The largest companies in the world (2014). The largest oil companies in the world
The largest companies in the world (2014). The largest oil companies in the world

Video: The largest companies in the world (2014). The largest oil companies in the world

Video: The largest companies in the world (2014). The largest oil companies in the world
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The oil industry is the main branch of the global fuel and energy industry. It not only affects international economic relations, but also often causes military conflicts. This article presents a ranking of the largest companies in the world that occupy leading positions in oil production.

largest companies in the world
largest companies in the world

Rating criteria

When compiling the oil rating, experts evaluate the largest companies in the world according to the following main criteria:

  • production of raw materials;
  • available reserves;
  • processing facilities;
  • oil company financial results;
  • sales of oil and refined products.

It is important to note that the results of all known ratings may differ from each other. This is due to the use of different criteria during the evaluation. For example, the Energy Intelligence rating is compiled on the basis of quantitative indicators of production (production level, reserves, volumesrefining and sales), and financial characteristics are missed. We take a look at the list of the best oil companies, which was first compiled by Forbes.

Forbes ranking of oil giants

Forbes has released its list of the world's largest oil companies in 2014. The list includes 25 companies that produce the largest amount of oil in the world. Let's dwell on the most powerful giants of this rating.

Saudi Aramco

Saudi Arabia is considered the world leader in the oil industry. Saudi Aramco Corporation is the largest national energy corporation. It owns a network of refining facilities and manages the transportation of oil. Saudi Aramco has the largest and most innovative fleet of supertankers that even the largest companies in the world cannot match.

According to the rating, the corporation in 2014 produced oil in the largest volumes - more than 12 million barrels per day. The country produces a large amount of oil on the plains of the Eastern Province. The company also has wells in the territorial waters of the Red Sea and the Persian Gulf.

rating of the largest companies in the world
rating of the largest companies in the world

Today, the head office of the company manages 99% of all gold reserves in Saudi Arabia, which is ¼ of the proven oil reserves of the world.

Gazprom Neft Company

This enterprise is a powerful oil company in Russia. The company is engaged in the exploration of the location of raw materials, the extraction and sale of oil and gas, as well as the production of petroleum products. Company branchesoperate in all oil and gas regions of the country. The main processing enterprises are located in the Yaroslavl, Omsk and Moscow regions. In addition, Gazprom Neft is successfully implementing oil production projects in Venezuela, Iraq and other countries. The largest companies in the world offer Russia contracts for cooperation in the oil industry.

Gazprom-Neft Group consists of 80 structural subdivisions in Russia and abroad. Thanks to a well-established sales scheme, the company sells a lot of oil on the domestic market of the country and abroad. Gazprom Neft has more than 1,700 filling stations in Russia, the CIS and Europe.

largest companies in the world
largest companies in the world

According to Forbes calculations, Gazprom-Neft ranked second in the ranking of "The world's largest oil companies in 2014" with a production volume of 9.7 million barrels per day.

National Iranian Oil Company

Oil production in Iran began in 1908. 40 years later, the Iranian Ministry of Oil founded the National Iranian Oil Company (NIOC), whose goals were to search for oil and attract foreign capital. By that time, black gold had taken a key position in the economic development of the country, so the extraction of black gold received the status of a national property and was transferred to the full control of the Government.

Now the company is engaged in the extraction of gas and oil, their transportation and export. The company primarily supplies domestic production plants and refineries, and sells the surplus forborder in accordance with the OPEC quota.

largest oil companies in the world 2014
largest oil companies in the world 2014

NIOC is considered one of the largest oil corporations in the world. It has 1/10 of the world's oil reserves. The company owns oil and gas fields in Iran, Azerbaijan and the North Sea. The activities of NIOC are very extensive: the divisions are engaged in exploration, drilling, extraction, processing and transportation of resources. The company has 21 subsidiaries, two of which are the largest.

In the "World's Largest Companies 2014" ranking, NIOC is in third place with an oil production rate of 6.4 million barrels per day. Iran is one of the world's oil leaders, but due to the imposition of international sanctions against it, the company was forced to reduce the production of black gold.

ExxonMobil

ExxonMobil began its activities on the basis of the Standard Oil Trust, founded by American billionaire John Rockefeller in 1882. The corporation known today was created at the end of the 20th century as a result of the merger of two brands Exxon and Mobil, under which automotive oils and lubricants are still produced.

largest companies in the world 2014
largest companies in the world 2014

American Petroleum Corporation is engaged in the development of new oil fields, its production, transportation and sale. ExxonMobil also produces oil products: olefins, polyethylene, polypropylene and aromatics. The company actively participates in international economic relations and cooperateswith 47 countries.

ExxonMobil Oil Company is the largest international energy corporation. It is considered the leader in the ranking of successful and expensive enterprises, which includes the largest companies in the world. ExxonMobil has a market value of over $400 billion. In terms of quantitative indicators of oil production (about 5 million barrels per day), the corporation ranks fourth in the international ranking.

PetroChina

PetroChina is China's largest oil corporation. The largest companies in the world compete with it in terms of share price. PetroChina securities are traded on the New York and Hong Kong stock exchanges. After the Shanghai share issue, the oil company's market value tripled to over $1 trillion.

In addition to oil production and refining, PetroChina is engaged in resource exploration, chemical refining, pipeline manufacturing and marketing. According to Forbes, the company took the fifth position in the ranking of world oil corporations with a production rate of 4.4 million barrels per day.

Oil production forecasts

largest oil companies in the world
largest oil companies in the world

Global oil giants are planning to reduce black gold mining operations due to the rapid drop in oil prices in the summer of 2014. Due to this situation in the market, the profitability of companies has significantly decreased. Although ExxonMobil, Saudi Aramco, PetroChina and other major oil companies in the world have made big profits, some of them have decided to stopexpansion of activities and close the least profitable areas. According to The Wall Street Journal, this is due to the ever-increasing cost of oil and gas production. For example, ExxonMobil's 2014 margin was 26%, down 9% from ten years ago.

Significant changes in the oil market were made by an accident in the Gulf of Mexico, as a result of which a record amount of black gold spilled. The British company British Petroleum, which owned the production, was forced to sell most of its assets.

It's not just the big oil companies that are seeing this reduction in operations. The change in oil prices has affected the entire global industry.

Despite this trend, the world's largest companies expect positive changes in the oil industry and an increase in the production of natural raw materials in the future.

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