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Top 10 Largest Oil And Gas Companies By Market Cap
The world’s largest oil companies are the United States, Saudi Arabia, China, U.K. And are located in France. Saudi Aramco is the world’s largest integrated oil and gas company. Oil is a major source of energy worldwide and oil companies supply billions of barrels of petroleum products daily to power transportation and industry. Two of these oil and gas giants Exxon and Shell also rank among some of the world’s most profitable companies. Here is a list of the top 10 largest oil and gas companies in the world in 2024!
10. BP
Market cap: $99.72 billion
Country: UK
Revenue: $227 billion
BP is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas “supermajors” and one of the world’s largest oil and gas companies based on revenues and profits.
It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation and trading.
Worldwide, BP had consolidated sales of $396 billion in 2012 and employed 83,900 people. The company has proven reserves of 17.0 billion barrels of oil equivalent worldwide. The company has around 20,700 petrol stations and serves 13 million customers every day.
See Also: Largest Oil Reserves In The World
09. CNOOC
Market cap: $104.12 billion
Country: China
Revenue: $65 billion
China National Offshore Oil Corporation (CNOOC Group) is China’s third-largest national oil company, after CNPC (parent company of PetroChina) and China Petrochemical Corporation (parent company of Sinopec). CNOOC is one of the world’s largest oil and gas companies.
CNOOC Group, together with its subsidiary COOEC, focuses on crude oil and natural gas exploitation, exploration and development in offshore China. A subsidiary, CNOOC Limited, is listed on the Hong Kong Exchange; The other, China Oilfield Services, is listed on the Hong Kong and New York exchanges.
The company is owned by the Government of the People’s Republic of China, and the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) assumes shareholder rights and obligations on behalf of the government.
08. Petrobras
Market cap: $112.96 billion
Country: Brazil
Revenue: $105 billion
Petrobras has a market cap of $108.84 billion. This makes Petrobras the 133rd most valuable company in the world by market cap, according to our data. It is also one of the largest oil and gas companies in the world in 2024.
Petrobras is a state-owned Brazilian multinational corporation in the petroleum industry headquartered in Rio de Janeiro, Brazil. The company was ranked #71 in the latest Fortune Global 500 list. 2023 In the Forbes Global 2000, Petrobras was ranked the 58th largest public company in the world.
07. ConocoPhillips
Market cap: $134 billion
Country: USA
Revenue: $56 billion
ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is located in the Energy Corridor district of Houston, Texas. It is an international energy company and is considered to be the third largest oil company in America.
The company has operations in 15 countries and has production in the United States, Norway, Canada, Australia, Indonesia, Malaysia, Libya, China, and Qatar. The company’s production in the United States included production in Alaska, the Eagle Ford Group, the Permian Basin, the Bakken Formation, the Gulf of Mexico, and the Anadarko Basin.
ConocoPhillips has a market cap of $134 billion. This makes the company the 101st most valuable company in the world by market cap, according to our data. In the 2023 Forbes Global 2000, ConocoPhillips was ranked as the 83rd largest public company in the world.
06. TotalEnergies
Market cap: $150.13 billion
Country: France
Revenue: $228 billion
TotalEnergies SE has a market cap of $151.23 billion. This makes TotalEnergies the 87th most valuable company in the world by market cap, according to our data. TotalEnergies is a French multinational integrated energy and petroleum company founded in 1924 and one of the seven major oil companies.
Its business covers the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing and international crude oil and product trading. TotalEnergies is also a large-scale chemicals manufacturer.
The company is a component of the Euro Stoxx 50 stock market index. 2023 In the Forbes Global 2000, TotalEnergies was ranked the 21st largest public company in the world.
See Also: Biggest Companies In The World
05. Shell
Market cap: $204.25 billion
Country: UK
Revenue: $339 billion
Royal Dutch Shell is one of the largest mineral oil and natural gas companies in the world by 2024. The Shell Group is active in more than 140 countries and employs approximately 83,000 people worldwide. The company was formed in 1907 by the merger of the Royal Dutch Petroleum Company of the Netherlands and the “Shell” Transport and Trading Company of the United Kingdom.
Shell plc is a British multinational oil and gas company headquartered in London. It is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange.
A core component of Big Oil, Shell is the world’s second-largest investor-owned oil and gas company by revenue (after ExxonMobil), and one of the world’s largest companies outside any industry. The combined company rapidly became American Standard Oil’s leading competitor, and by 1920 Shell became the largest producer of oil in the world.
04. PetroChina
Market cap: $215.48 billion
Country: China
Revenue: $435 billion
PetroChina is a Chinese oil and gas company and listed arm of the state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. It is the largest Chinese oil company with a network of over 18,000 filling stations, making it one of the largest listed companies in the world.
PetroChina’s market cap is $215 billion. This makes PetroChina the 51st most valuable company in the world by market cap, according to our data. Also, it is one of the largest oil and gas companies in the world in 2024.
The company is currently Asia’s largest oil and gas producer. The mainland enterprise, traded in Hong Kong and New York, announced its plans to issue shares in Shanghai in November 2007, and subsequently entered the component of the SSE 50 index. In the 2020 Forbes Global 2000, PetroChina was ranked the 32nd largest public company in the world.
03. Chevron
Market cap: $284.77 billion
Country: USA
Revenue: $202 billion
Chevron is one of the world’s largest oil companies and is the second-largest oil company based in the United States by revenue, behind fellow Standard Oil scion ExxonMobil. It is an American multinational energy corporation primarily specializing in oil and gas.
The second largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened from SoCal or Calso). The company is headquartered in San Ramon, California, and is active in more than 180 countries.
Within oil and gas, Chevron is vertically integrated and is involved in hydrocarbon exploration, production, refining, marketing and transportation, chemicals manufacturing and sales, and power generation. Chevron was ranked 10th in the Fortune 500 in 2023. The company is also the last-remaining oil and gas component of the Dow Jones Industrial Average, following ExxonMobil’s exit from the index in 2020.
02. Exxon Mobil
Market cap: $417.57 billion
Country: USA
Revenue: $346 billion
ExxonMobil Corporation is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefeller’s Standard Oil. According to the latest financial reports of Exxon Mobil, the company’s current revenue is $346.1 billion.
ExxonMobil is headquartered near the Houston suburb of Spring, Texas, although it is officially incorporated in the US state of New Jersey. It is the largest oil and gas producing company based in the United States. ExxonMobil is the 2nd largest oil and gas company in the world in 2024.
ExxonMobil is one of the largest and most powerful companies in the world. Since its merger, the company has grown from the first to the tenth largest publicly traded company by revenue, and has the highest market capitalization of any company.
In the most recent rankings released in the Fortune 500, ExxonMobil was ranked third in the Fortune Global 500 and twelfth. It is the world’s largest investor-owned oil company, the largest oil company headquartered in the Western world.
- Headquarters: Unincorporated Harris County near Spring, Texas, U.S.
- Employees: 63,000
- Market Cap: $400.4 billion
See Also: Largest Economies In The World
01. Saudi Aramco
Market cap: $2.059 trillion
Country: S. Arabia
Revenue: $502.3 billion
Saudi Aramco is the largest oil and gas company in the world by 2024. It is a Saudi Arabian public petroleum and natural gas company based in Dhahran. It has repeatedly achieved the largest annual profits in global corporate history.
Saudi Aramco has the world’s second largest proven crude oil reserves, more than 270 billion barrels (43 billion cubic metres), and the largest daily oil production of all oil producing companies.
It is the largest contributor to global carbon emissions of any company in the world since 1965. On May 11, 2022, Saudi Aramco became the world’s largest (most valuable) company by market cap, surpassing Apple Inc. Left behind.
Saudi Aramco operates the Master Gas System, the world’s largest single hydrocarbon network. Along with the Eastern Province, Saudi Aramco notably operates the Ghawar Field (the world’s largest onshore oil field) and the Safaniya Field (the world’s largest offshore oil field).
