These are the 10 biggest oil companies worldwide

Here is the list of top 10 biggest oil companies in the world that own almost half of the total oil reserves in the world.

February 1, 2023

Oluwatosin Jegede

Oil companies are the lifeblood of the energy industry, providing the fuel that powers society.

From Saudi Aramco to Valero Energy Corp., a number of major oil companies have had a significant impact on the global energy landscape.

Table of Contents

The biggest oil companies worldwide

We’ll take a look at ten of the world’s leading oil companies and explore what makes them so successful.

1. Saudi Arabian Oil Co. (Saudi Aramco)

This is the world’s largest oil producer and exporter, producing an average of 13 million barrels of oil per day. The company has a long-standing relationship with the Saudi government.

Saudi Aramco holds interests in a number of oil and gas assets in the region, including the world’s largest oilfield, the Ghawar oilfield.

2. China Petroleum & Chemical Corp. (SNPMF)

China Petroleum & Chemical Corp. (SNPMF) is the largest integrated oil and gas company in China, with a focus on the production and sale of crude oil, natural gas, and refined products.

The company is one of the largest oil producers in the world. It has a production capacity of 4.5 million barrels of oil per day.

3. PetroChina Co. Ltd. (PCCYF)

PetroChina Co. Ltd. (PCCYF) is China’s second-largest oil and gas company, with a production capacity of 3.5 million barrels of oil per day.

The company operates in a range of oil and gas-related activities, including exploration, production, transportation, and refining.

4. Exxon Mobil Corp. (XOM)

Exxon Mobil Corp. (XOM) is one of the world’s largest oil and gas companies, with a production capacity of 3.2 million barrels of oil per day.

The company has a strong presence in the upstream, midstream, and downstream oil and gas sectors, with operations spanning the globe.

5. Shell PLC (SHEL)

Shell PLC (SHEL) is a British-Dutch oil and gas company with a production capacity of 2.7 million barrels per day.

The company date back to the 19th century, and has a presence in over 80 countries worldwide.

6. TotalEnergies SE (TTE)

TotalEnergies SE (TTE) is a French oil and gas company with a production capacity of 2.3 million barrels of oil per day.

The company is active in over 130 countries. TTE is active in a wide range of oil and gas-related activities, from exploration and production to refining and marketing.

7. Chevron Corp. (CVX)

Chevron Corp. (CVX) is a U.S.-based integrated oil and gas company with a production capacity of 2.2 million barrels per day.

The company operates in a number of oil and gas-related sectors, including exploration, production, refining, and marketing, and has a presence in over 180 countries.

8. BP PLC (BP)

BP PLC (BP) is a British oil and gas company with a production capacity of 1.9 million barrels per day. The company has a presence in over 70 countries and participates in a range of oil and gas-related activities, including exploration and production, refining, and marketing.

9. Marathon Petroleum Corp. (MPC)

MPC is an American integrated oil and gas company with a production capacity of 1.7 million barrels of oil per day.

The company is active in a number of oil and gas-related activities. MPC is also involved in exploration and production to refining and marketing, and has a presence in over 20 countries.

10. Valero Energy Corp. (VLO)

Valero Energy Corp. (VLO) is a U.S.-based integrated oil and gas company with a production capacity of 1.6 million barrels of oil per day. The company is involved in a range of oil and gas-related activities, from exploration and production to refining and marketing and has a presence in over 15 countries.

The profitability of the oil market today

These oil companies are some of the largest and most influential in the world. Each has a significant impact on the global energy landscape. From Saudi Aramco to Valero Energy Corp., these companies are major players in the oil and gas industry and are likely to remain so in the years to come.

The oil and gas industry is lucrative, with the top ten companies in this list alone earning over $1.3 trillion in revenue in 2021 alone.

Thus, the industry is also constantly evolving, with new technologies and innovations being developed all the time to ensure that it remains competitive and profitable for years to come.