Top 7 Biggest Oil & Gas Companies In The World

Oil and gas is an essential industry for us all to enjoy our regular life smoothly. Everything will require fuel nowadays from the vehicle you drive to work, cooking at home as well to airplanes flying in the sky.

Basically, most industries in today's world will need oil and gas, especially the transportation and logistics industry, and without it, we basically cannot survive. There are many companies worldwide that rake in billions of dollars each year namely Saudi Aramco, Shell, ExxonMobil, and many more.

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The recent pandemic gave a major impact on this industry with some of the big names being hugely affected. The average global use of oil has reduced by 4.5% compared to 2019 and the demand for oil has also decreased to 9%. This fall is considered the biggest downfall in history since 1983.

With that being said, the price of oil has stabilized to normal and as of 25 January 2022, the price of WTI Crude is $83.68 a barrel whereas Brent is $86.79 a barrel.

Based on the infographic below is the list of the top 20 oil and gas companies in the world in 2021.

There are a few fun facts that you might want to know from this infographic.

1. Saudi Aramco happens to be the biggest oil and gas company in the world with a whopping market capitalization of $2 trillion.

2. ExxonMobil has discovered 18 locations of oil sources in the Guyana waters since 2015 and this finding is equivalent to 8 billion tonnes of oil.

3. Sinopec which is owned by the Chinese government is the biggest oil refinery in Asia.

4. Gazprom from Russia leads the production in the oil and gas industry by holding around 16% of the global oil reserve.

5. PetroChina is at the top of the list for the biggest oil procurement in 2020. The procurement of PetroChina sums up to a staggering $281 billion.

6. Shell, one of the main oil and gas companies that starts to invest in renewable energy has invested $3.2 billion in clean energy since 2016.

7. The biggest oil and gas company, Saudi Aramco produced an average of 9.2 million barrels of oil in 2020. Not just that but it is also the most profitable company in the world.

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Green House Effect

Despite the companies stated above being the top players in the industry, it is also crucial to note that they are also the biggest emission of the greenhouse effect.

Even Saudi Aramco the biggest one among them contributes more than 4% of the whole emission in the world since 1965. Chevron, Gazprom, ExxonMobil, BP, and many other companies also join in with Aramco to be the top 20 companies with the highest greenhouse effect between 1965 and 2017.

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