The Energy Convergence - GineersNow The Energy Convergence - GineersNow | Page 40

The 10 Largest Oil Companies in the World
See what is included in the top 10 list in terms of scope and production.
Here are the world’s largest oil companies.
The oil industry might be facing a lot of challenges right now when it comes to profit because of the
plummeting oil prices. Many companies have laid off significant number of employees to cut costs;
but a silver lining to this is that the world cannot have zero carbon emission even just for a day.
There will always be industries that will be affected ultimately when they no longer depend on the
production of oil.
Hence, oil companies continue to operate and distribute their products, competing against each
other in providing the finite source of oil. Here are the top 10 oil companies in the world as listed by
Energy Digital.
Saudi Aramco National Iranian Oil Co.
For more than 80 years now, this state-owned
company of the Kingdom of Saudi Arabia boasts
of their hydrocarbons exploration, production,
refining, distribution, shipping and marketing.
They have also become the world’s top exporter
of crude oil and natural gas liquids (NGLs). Saudi
Aramco holds oil and condensate reserves
of 260.2 billion barrels, with a daily crude
production of 9.5 million barrels per day (bpd) in
2012. The oil company with its subsidiaries has
a total worldwide refining capacity of almost 4.5
million bpd. The National Iranian Oil Company (NIOC)
has been dealing with oil, gas and petroleum
products by directing and making policies for
their exploration, drilling, production, research
and development, refining, distribution and
export. The company has been operating since
1951, and now it has the one of the largest oil
companies with an estimated amount of 156.53
billion barrels of liquid hydrocarbons and 33.79
trillion cubic meters of natural gas. It produces
6.4 billions bpd on average.
Gazprom
Gazprom’s expertise is in geological exploration,
production, transportation, storage, processing
and sales of gas, gas condensate and oil, sales
of gas as a vehicle fuel as well as generation and
marketing of heat and electric power. Holding
the world’s largest natural gas reserves, this
company composes 14% of the global gas
output and 74% that of Russia’s. It has a crude
production of 9.7 million bpd.
38
Oil & Gas Leaders • June 2017
ExxonMobil
Being the world’s largest publicly traded
international oil and gas company, ExxonMobil
is the world’s largest refiner and marketer of
petroleum products. It is definitely a world leader
in global oil and gas resources inventory which
produces 5.3 million barrels per day on average.
ExxonMobil operates through more famous
brand names Exxon, Esso, and Mobil.