WORLD’S 10 BIGGEST OIL
AND GAS PRODUCERS
(Barrels
of Oil per day)
1.
Saudi Aramco, 12.5 Millions
Saudi Aramco, officially the Saudi Arabian Oil Co., is a Saudi
Arabian national petroleum
and natural gas company based in Dhahran,
Saudi Arabia. Saudi Aramco's value has been estimated at up to US$10 trillion
in the Financial Times, making it the world's most valuable company. Saudi
Aramco has both the largest proven crude oil reserves,
at more than 260 billion barrels, and largest daily oil production.
Headquartered in Dhahran, Saudi Arabia, Saudi Aramco operates
the world's largest single hydrocarbon network, the Master Gas System. Its
yearly production is 3.479 billion barrels and it managed over 100 oil and gas
fields in Saudi Arabia, including 284.8 trillion of natural gas
reserves. Saudi Aramco owns the Ghawar Field,
the world's largest oil field, and the Shaybah Field,
one of the world's largest oil fields.
2.
Gazprom, 9.7 Millions
Open Joint Stock Company Gazprom is the largest extractor of natural gas
and one of the largest companies in the world. Its headquarters are in the Cheryomushki
District, South-Western
Administrative Okrug,
Moscow.
Gazprom was created in 1989 when the Ministry of Gas Industry of the Soviet Union
transformed itself into a corporation, keeping all its assets intact. The
company was later privatised in part, but currently the Russian government
holds a majority stake. In 2011, the company produced about 513.2 billion
cubic metres of natural gas, amounting to more than 17% of worldwide gas
production. In addition, Gazprom produced about 32.3 million tons of crude oil
and nearly 12.1 million tons of gas condensate. Gazprom's activities
accounted for 8% of Russia's gross domestic product in 2011. The major part of
Gazprom's production fields are located around the Gulf of Ob
in the Yamalo-Nenets
Autonomous Okrug in
Western Siberia,
while the Yamal Peninsula is expected to become the company's
main gas producing region in the future. Gazprom possesses the largest gas
transport system in the world, with approximately 158,200 kilometers of gas
trunk lines. Major new pipeline projects include Nord Stream
and South Stream. The company possesses subsidiaries in many various industry sectors,
including finance, media and aviation. In addition, it controls a majority of stakes
in various companies.
3.
National Iranian Oil Company, 6.4
Millions
The National Iranian Oil Company (NIOC), a government-owned corporation under the direction of the Ministry of Petroleum of Iran, is an oil and natural gas producer and distributor headquartered in Tehran. It was established in 1948. The NIOC is exclusively responsible for
the exploration, extraction, transportation and exportation of crude oil, as
well as sales of natural gas and liquefied natural gas (LNG).
Having provided the domestic refineries and manufacturing plants with crude oil
required for the petroleum products, the NIOC exports its surplus production
according to commercial considerations in the framework of the quotas
determined by the Organization of Petroleum Exporting Countries (OPEC) and at the prices prevalent in the
international markets. The NIOC also signs some long term contracts on "buy-back" basis with foreign companies in order to exploit national oil
fields and export its products. The NIOC exports natural gas and liquefied
natural gas via the "National Iranian Gas Export Company". Iran's
overall export crude oil was valued at US$85 billion in 2010.
4.
Exxon Mobil, 5.3 Millions
Exxon Mobil
Corp., or ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving,
Texas,
United States. It is a direct descendant of John D. Rockefeller's Standard Oil
company, and was formed on November 30, 1999, by the merger of Exxon and Mobil (formerly Standard
Oil of New Jersey and Standard Oil of New York). It is affiliated with Imperial Oil
which operates in Canada. The company's largest shareholder is the Bill and Melinda Gates Foundation.
The company was ranked No. 5 globally in Forbes Global 2000 list in 2013. ExxonMobil's
reserves were 72 billion BOE (barrels of oil equivalent) at the end of
2007 and, at then (2007) rates of production, were expected to last more than
14 years. With 37 oil refineries in 21 countries constituting a
combined daily refining capacity of 6.3 million barrels, ExxonMobil is the
largest refiner in the world, a title that was also associated with Standard
Oil since its incorporation in 1870.
ExxonMobil has been subject to
numerous criticisms, including the lack of speed during its cleanup efforts
after the 1989 Exxon Valdez oil spill in Alaska, widely
considered the number one spill worldwide in terms of damage to the
environment. ExxonMobil has drawn criticism for funding organizations that are skeptical of the scientific opinion that global
warming is caused by the burning of fossil fuels.
5.
Petrochina/CNPC, 4.4 Millions
PetroChina Company Limited
is a Chinese oil
and gas
company and is the listed arm of state-owned China National Petroleum Corporation
(CNPC), headquartered in Dongcheng District, Beijing.
It is China's
biggest oil producer. Traded in Hong Kong and New York, the mainland enterprise
announced its plans to issue stock in Shanghai in November 2007, and
subsequently entered trading on the Shanghai
index.
6.
BP, 4.1 Millions
BP, sometimes referred to by its former
name British Petroleum, is a
British multinational oil
and gas
company headquartered in London, England. It is the sixth-largest energy company by market
capitalization, the fifth-largest company in the world
measured by 2012 revenues, and the sixth-largest oil and gas company measured
by 2012 production. It is one of the six oil and gas "supermajors".
BP is vertically integrated and operates in all
areas of the oil and gas industry, including exploration and production, refining,
distribution
and marketing, petrochemicals, power
generation and trading. It also has renewable
energy activities in biofuels and wind power.
As of December 2013, BP had operations
in approximately 80 countries, produced around 3.2 million barrels
per day of oil equivalent, had total proved reserves of
17.9 billion barrels of oil equivalent, and had around 17,800 service
stations. Its largest division is BP America, which is the second-largest
producer of oil and gas in the United States. BP owns a 19.75% stake in the
Russian oil major Rosneft,
the world's largest publicly traded oil and gas company by hydrocarbon reserves
and production. BP has a primary listing on the London Stock Exchange and is a constituent
of the FTSE 100 Index; it had a market capitalisation of
£85.2 billion as of April 2013, the fourth-largest of any company listed
on the exchange. It has secondary listings on the Frankfurt Stock Exchange and the New York Stock Exchange.
BP's origins date back to the founding
of the Anglo-Persian Oil Company in 1909,
established as a subsidiary of Burmah Oil Company to exploit oil discoveries
in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954 British Petroleum. In 1959, the
company expanded beyond the Middle East to Alaska and in 1965 it was the first
company to strike oil in the North Sea. British Petroleum acquired majority
control of Standard Oil of Ohio in 1978. Formerly
majority state-owned, the British government privatised the company in stages
between 1979 and 1987. British Petroleum merged with Amoco in 1998 and acquired
ARCO and Burmah
Castrol in 2000. From 2003 to 2013, BP was a partner in the TNK-BP joint
venture in Russia.
7.
Shell, 3.9 Millions
Shell
Oil Company is the United States-based
subsidiary of Royal Dutch Shell, a multinational oil
company ("oil major") of Anglo–Dutch origins, which is amongst
the largest oil companies in the world. Approximately 22,000 Shell employees
are based in the U.S. The U.S. head office is in Houston, Texas. Shell
Oil Company, including its consolidated companies and its share in equity
companies, is one of America’s largest oil and natural gas producers, natural
gas marketers, gasoline marketers and petrochemical manufacturers.
Shell is the market leader
through approximately 25,000 Shell-branded gas stations in the US which also
serve as Shell's most visible public presence. Shell Oil Company is a 50/50
partner with the Saudi Arabian government-owned oil company Saudi Aramco in Motiva Enterprises, a
refining and marketing joint venture which owns and operates three oil
refineries on the Gulf Coast of the United States.
.
In 1997, Shell and Texaco entered
into two refining/marketing joint ventures. One combined their mid-western and
western operations and was known as Equilon. The other, known as Motiva, combined the eastern and gulf coast operations of Shell Oil and Star
Enterprise, itself a joint venture between Saudi Aramco and Texaco. After
Texaco merged with Chevron in 2001,
Shell purchased Texaco's shares in the joint ventures. In 2002, Shell began
converting these Texaco stations to the Shell brand, a process that was to be
completed by June 2004 and was called "the largest retail re-branding
initiative in American business history.
8.
Pemex, 3.6 Millions
Petróleos Mexicanos
(trademarked
and better known as Pemex, which
translates to Mexican Petroleums, is the Mexican state-owned petroleum
company, created in 1938 by nationalized petroleum and the expunging of all
private foreign and domestic companies at that time. Pemex has a total asset
worth of $415.75 billion, and is the world's second largest non-publicly listed
company by total market value, and Latin America's second largest enterprise by
annual revenue as of 2009, surpassed only by Petrobras
(the Brazilian National Oil Company). The majority of its shares are not listed
publicly and are under control of the Mexican government, with the value of its
publicly listed shares totaling $102 billion in 2010, representing
approximately one quarter of the company's total net worth. Emilio Lozoya Austin is the current CEO of
Pemex.
9.
Chevron, 3.5 Millions
Chevron Corporation is an American multinational energy
corporation. Headquartered in San Ramon, California, and active in more
than 180 countries, it is engaged in every aspect of the oil,
gas, and geothermal
energy industries, including exploration and production;
refining,
marketing and transport; chemicals manufacturing and sales; and power
generation. Chevron is one of the world's six "supermajor"
oil companies; as of 2013, it ranked eleventh in the Fortune Global 500 list of the world's largest
companies. Chevron's downstream operations manufacture and sell products such
as fuels, lubricants, additives and petrochemicals. The company's most
significant areas of operations are the west coast of North America, the U.S.
Gulf Coast, Southeast Asia, South Korea, Australia and South Africa. In 2010,
Chevron sold an average 3.1 million barrels per day of refined products like
gasoline, diesel and jet fuel.
10. Kuwait
Petroleum Corp., 3.2 Millions
Kuwait Petroleum Corporation was
founded on 27 January 1980 as an umbrella company, integrating KOC, KNPC, KOTC and PIC and
effectively placing them under government control. The company's products have
been sold in some countries under a subsidiary's name Q8. In Scandinavia
Q8 runs 186 service stations, and 54 unmanned (under the F24 brand) in Denmark.
In Sweden,
a subsidiary of KPC, KPI-Q8's gas stations are known as OKQ8 - a
result of a merger between Q8 and Swedish "OK", more than 900 is
available, most of them unmanned. In the Benelux,
Kuwait Petroleum has a refinery in Europoort,
Rotterdam
and is a partner in the Maasvlakte Olie Terminal,
and runs 146 gas stations in the Netherlands.
There are 404 Q8 stations in Belgium. Q8's large share of the Belgian market is
due to the acquisition of Belgian BP offices in 1998 and the Aral stations in
1999. There are no more Q8 Petroleum stores in the UK, after being bought out
in 2004 by a joint venture company Refined Holdings which was
formed specifically for the sale. The Q8 brand has since then been phased out
of the UK.
Source: Wood Mackenzie, Wikipedia,
Forbes
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