[Ranking] TOP 25 Integrated Oil & Gas / Energy Companies Q3/2023
Intro
The integrated oil and gas industry plays a vital role in the worldwide economy, powering various sectors and driving economic growth. As one of the key sub-industries within the broader energy sector, it encompasses companies that are involved in all aspects of the oil and gas value chain, from exploration and production to refining and distribution.
The influence of the integrated oil and gas industry extends far beyond its immediate operations. It has a profound impact on diverse sectors such as transportation, manufacturing, and petrochemicals, shaping their costs, availability of resources, and overall competitiveness. Changes in the industry can have ripple effects on the global economy.
With a global demand for energy that continues to rise, the integrated oil and gas industry holds significant economic magnitude. It contributes to job creation, government revenues, and infrastructure development in oil-rich regions. Moreover, the industry has been on an upward trajectory, driven by technological advancements, increasing energy consumption, and emerging markets.
Recent trends and breakthroughs are shaping the integrated oil and gas industry. Companies are focusing on sustainability and reducing their environmental footprint, investing in renewable energy sources, and exploring innovative technologies to enhance efficiency and reduce emissions. Meanwhile, obstacles such as geopolitical tensions, fluctuating oil prices, and regulatory challenges also impact the industry's dynamics.
The landscape of the integrated oil and gas industry is ever-changing, driven by evolving market conditions, geopolitical developments, and advancements in energy technologies. This dynamic environment sets the stage for an exploration of the top companies within the industry, their strategies, and their contributions to the energy landscape.
Ranking
#25 Hess Corporation
Employees: 1.3K
Revenue: 5.4B$
Website: https://www.hess.com
Description: Hess Corporation is a leading player in the Integrated Oil & Gas industry. Headquartered in New York City, United States, the company operates in North America. With a rich history dating back to 1919, Hess Corporation has established itself as a prominent energy company. The company employs approximately 1.3 thousand employees who work tirelessly to explore, produce, refine, market, and distribute oil and gas products. Hess Corporation generates substantial revenue of around 5.4 billion dollars, contributing to its strong position in the industry. With a focus on sustainability and innovation, Hess Corporation continues to be a major player in the energy sector.
#24 Anadarko Petroleum Corporation
Employees: 4.5K
Revenue: 8.7B$
Website: https://www.anadarko.com
Description: Anadarko Petroleum Corporation is a leading integrated oil and gas company headquartered in The Woodlands, United States. With operations primarily in North America, Anadarko explores, develops, produces, and markets oil, natural gas, and natural gas liquids. The company's diverse portfolio includes onshore and offshore assets, and it utilizes advanced technologies to maximize the value of its resources. Anadarko is committed to responsible and sustainable operations, focusing on safety, environmental stewardship, and community engagement. With over 4,500 employees, the company generated approximately 8.7 billion dollars in revenue. For more information about Anadarko Petroleum Corporation and its activities in the energy industry, please visit their official website.
#23 Devon Energy Corporation
Employees: 3K
Revenue: 10B$
Website: https://www.devonenergy.com
Description: Devon Energy Corporation is an integrated oil and gas company headquartered in Oklahoma City, United States. Founded in 1971, the company operates in the Energy industry. With a workforce of approximately 3,000 employees, Devon Energy focuses on exploration, development, and production of oil and natural gas reserves. The company has a strong presence in North America, with operations in various regions including the Permian Basin, Eagle Ford, and Anadarko Basin. In addition to its exploration and production activities, Devon Energy is committed to responsible environmental stewardship and community engagement. The company's revenue for the latest fiscal year was approximately 10 billion US dollars.
#22 EOG Resources, Inc.
Employees: 2.9K
Revenue: 17.3B$
Website: https://www.eogresources.com
Description: EOG Resources, Inc. is a leading integrated oil and gas company based in Houston, United States. With its headquarters in North America, EOG Resources operates in the energy industry, specifically in the Integrated Oil & Gas sector. The company was founded in 1999 and currently employs approximately 2.9 thousand employees. EOG Resources generates a substantial revenue of 17.3 billion US dollars. With a strong focus on exploration, production, and marketing of oil and gas, EOG Resources is committed to delivering sustainable energy solutions and maximizing shareholder value.
#21 CNOOC Limited
Employees: 33K
Revenue: 20B$
Website: https://www.cnoocltd.com
Description: CNOOC Limited is a leading integrated oil and gas company based in Beijing, China. With its headquarters in Asia, the company operates in the Energy industry, specifically in the Integrated Oil & Gas sector. Founded in 1982, CNOOC Limited has grown to become one of the largest oil and gas producers in China. The company has a workforce of approximately 33,000 employees, who are dedicated to exploring, developing, and producing oil and gas resources both domestically and internationally. CNOOC Limited's revenue stands at around 20 billion US dollars, making it a significant player in the global energy market.
#20 Occidental Petroleum Corporation
Employees: 11K
Revenue: 20B$
Website: https://www.oxy.com
Description: Occidental Petroleum Corporation is a leading integrated oil and gas company based in Houston, United States. Founded in 1920, the company operates in the Energy industry. With a workforce of approximately 11,000 employees, Occidental Petroleum Corporation generates an impressive annual revenue of 20 billion dollars. The company is engaged in the exploration, production, and marketing of oil and gas, with a focus on sustainable and responsible operations. Occidental Petroleum Corporation leverages advanced technologies and innovative practices to efficiently extract and process hydrocarbons. With its headquarters in Houston, the company continues to play a significant role in the global energy market.
#19 Canadian Natural Resources Limited
Employees: 10K
Revenue: 25B$
Website: https://www.cnrl.com/
Description: Canadian Natural Resources Limited is a leading integrated oil and gas company operating in the energy industry. Headquartered in Calgary, Canada, the company has a strong presence in North America. Founded in 1973, Canadian Natural Resources Limited has grown to become one of the largest independent crude oil and natural gas producers in the country. With over 10,000 employees, the company is committed to responsible and sustainable development of its diverse portfolio of assets, including oil sands mining, exploration and production of crude oil and natural gas liquids, and natural gas exploration and production. Canadian Natural Resources Limited has achieved significant revenue growth, with annual revenue reaching 25 billion dollars. The company's dedication to operational excellence and innovation has positioned it as a key player in the integrated oil and gas sector.
#18 ConocoPhillips
Employees: 10K
Revenue: 30B$
Website: https://www.conocophillips.com
Description: ConocoPhillips is a leading integrated oil and gas company headquartered in Houston, United States. With a rich history dating back to its founding in 1917, the company has established itself as a major player in the energy industry. ConocoPhillips operates globally, with a focus on exploration, production, refining, and marketing of petroleum products. The company's activities span the entire value chain of the oil and gas sector, from upstream exploration and production to downstream refining and marketing. With approximately 10,000 employees worldwide, ConocoPhillips generates substantial revenue, reaching around 30 billion dollars annually. Through its innovative approach and commitment to sustainability, ConocoPhillips continues to shape the future of the integrated oil and gas industry.
#17 Eni S.p.A.
Employees: 32K
Revenue: 66B$
Website: https://www.eni.com/
Description: Eni S.p.A. is an integrated oil and gas company headquartered in Rome, Italy. Founded in 1953, Eni operates in the Energy industry and is one of the largest players in the Integrated Oil & Gas sector. With approximately 32,000 employees, Eni is involved in all aspects of the oil and gas value chain, including exploration, production, refining, and distribution. The company has a strong focus on technological innovation and sustainable development, aiming to provide energy solutions that meet the world's growing demand while minimizing environmental impact. Eni's revenue reached 66 billion US dollars, making it one of the leading companies in the global energy market.
#16 Equinor ASA
Employees: 20K
Revenue: 79.5B$
Website: https://www.equinor.com
Description: Equinor ASA is a leading integrated oil and gas company based in Stavanger, Norway. With headquarters in Europe, Equinor operates globally in the energy industry. Founded in 1972, the company has grown to become a major player in the sector. Equinor employs approximately 20,000 people and generates impressive revenue of 79.5 billion dollars. The company is involved in various activities within the integrated oil and gas industry, including exploration, production, refining, and marketing. Equinor is committed to sustainable practices and is actively involved in renewable energy projects, making significant contributions to the industry's transition towards a greener future.
#15 Marathon Petroleum Corporation
Employees: 60K
Revenue: 80B$
Website: https://www.marathonpetroleum.com
Description: Marathon Petroleum Corporation is an integrated oil and gas company headquartered in Findlay, United States. With a history dating back to 1887, the company is one of the largest petroleum product refiners, marketers, and transporters in the United States. Marathon Petroleum operates a diverse portfolio of assets including refineries, pipelines, terminals, and retail fuel stations across North America. The company's operations span the entire petroleum value chain, from crude oil acquisition and refining to the distribution and marketing of gasoline, diesel, and other petroleum products. With approximately 60,000 employees, Marathon Petroleum is committed to delivering reliable energy solutions and driving innovation in the energy industry.
#14 Petroleo Brasileiro S.A. - Petrobras
Employees: 46K
Revenue: 85.5B$
Website: https://www.petrobras.com.br/
Description: Petroleo Brasileiro S.A. - Petrobras is a leading company in the Integrated Oil & Gas industry. Based in Rio de Janeiro, Brazil, Petrobras operates across South America. Founded in 1953, the company has grown to become a major player in the energy sector. With approximately 46,000 employees, Petrobras is involved in various activities within the oil and gas value chain, including exploration, production, refining, and distribution. The company's operations span both offshore and onshore, contributing to the growth and development of Brazil's energy sector. Petrobras has achieved significant revenue, with an estimated 85.5 billion dollars in annual revenue. With its commitment to innovation and sustainability, Petrobras continues to shape the future of the oil and gas industry in South America.
#13 Saudi Arabian Oil Company
Employees: 76K
Revenue: 111.1B$
Website: https://www.saudiaramco.com/
Description: Saudi Arabian Oil Company, commonly known as Saudi Aramco, is a leading player in the Integrated Oil & Gas industry. Headquartered in Dhahran, Saudi Arabia, the company operates across the Asia continent. Founded in 1933, Saudi Aramco has a workforce of approximately 76,000 employees. With a revenue of around 111.1 billion dollars, the company has established itself as a major contributor to the energy sector. Saudi Aramco engages in the exploration, production, refining, distribution, and marketing of oil and gas products. The company's extensive operations and robust presence in the industry make it a key player in the global energy market.
#12 Phillips 66
Employees: 14K
Revenue: 114B$
Website: https://www.phillips66.com
Description: Phillips 66 is an integrated oil and gas company headquartered in Houston, United States. Founded in 1917, the company has a workforce of approximately 14,000 employees. With a revenue of 114 billion dollars, Phillips 66 operates in the Energy industry, specifically in the Integrated Oil & Gas sector. The company engages in the exploration, production, refining, and marketing of petroleum products. They have a strong presence in North America and operate a network of refineries, pipelines, and retail fuel stations. Phillips 66 is committed to maintaining a sustainable and efficient energy infrastructure while meeting the growing demand for energy globally.
#11 Gazprom
Employees: 450K
Revenue: 120B$
Website: https://www.gazprom.com
Description: Gazprom, headquartered in Moscow, Russia, is a leading player in the Integrated Oil & Gas industry. Founded in 1989, the company operates in the exploration, production, transportation, and marketing of gas, oil, and other hydrocarbon products. With a workforce of approximately 450,000 employees, Gazprom generates substantial revenue of around 120 billion dollars. The company's activities span across the entire value chain of the energy sector, encompassing the exploration and development of new oil and gas fields, the operation of pipelines and storage facilities, as well as the distribution and sale of natural gas and petroleum products. Gazprom's dominant position in the Russian energy market and its extensive international presence make it a key player in the global oil and gas industry.
#10 Rosneft Oil Company
Employees: 355K
Revenue: 134.2B$
Website: https://www.rosneft.com
Description: Rosneft Oil Company, headquartered in Moscow, Russia, is a major player in the Integrated Oil & Gas industry. Founded in 1993, the company has grown to become one of the largest publicly traded oil companies in the world. With a workforce of approximately 355,000 employees, Rosneft operates across the entire value chain of the oil and gas sector, from exploration and production to refining and distribution. The company's diverse portfolio includes upstream activities in Russia and internationally, as well as downstream operations through its extensive network of refineries and retail outlets. With annual revenue of 134.2 billion dollars, Rosneft continues to be a key contributor to the global energy market.
#9 Chevron Corporation
Employees: 48K
Revenue: 146.5B$
Website: https://www.chevron.com/
Description: Chevron Corporation, headquartered in San Ramon, United States, is a leading company in the Integrated Oil & Gas industry. Founded in 1879, Chevron has a workforce of approximately 48,000 employees. With a revenue of 146.5 billion USD, the company operates in various segments of the energy industry, including exploration, production, refining, and marketing of petroleum products. Chevron is known for its global presence and extensive upstream and downstream operations. The company's focus is on responsible and sustainable energy production, while also investing in research and development to drive innovation in the industry. Chevron continues to play a significant role in shaping the future of the energy sector through its commitment to operational excellence and environmental stewardship.
#8 Valero Energy Corporation
Employees: 10K
Revenue: 150B$
Website: https://www.valero.com
Description: Valero Energy Corporation, headquartered in San Antonio, United States, is a leading player in the Integrated Oil & Gas industry. Founded in 1980, the company has grown to employ approximately 10,000 employees. With an impressive revenue of 150 billion dollars, Valero Energy Corporation operates a diverse portfolio of refineries, ethanol plants, and renewable diesel facilities across North America. The company is known for its expertise in refining and marketing petroleum products, including gasoline, diesel fuel, jet fuel, asphalt, and petrochemicals. Valero Energy Corporation is committed to sustainability and has made significant investments in renewable energy projects, such as biofuels and wind power, to reduce its environmental impact. With its strong presence in the energy sector, Valero Energy Corporation continues to be a key player in the Integrated Oil & Gas industry.
#7 Total SE
Employees: 100K
Revenue: 200B$
Website: https://www.total.com/
Description: Total SE, headquartered in Paris, France, is a major player in the Integrated Oil & Gas industry. Founded in 1924, the company has grown to become one of the largest energy companies in the world. With approximately 100,000 employees, Total operates in all sectors of the oil and gas value chain, from exploration and production to refining, marketing, and distribution. The company is committed to providing energy that is affordable, reliable, and clean. Total's revenue stands at a staggering 200 billion US dollars, solidifying its position as a global leader in the energy sector.
#6 Exxon Mobil Corporation
Employees: 72K
Revenue: 265B$
Website: https://corporate.exxonmobil.com/
Description: Exxon Mobil Corporation, headquartered in Irving, United States, is a major player in the Integrated Oil & Gas industry. Founded in 1870, the company has a rich history and extensive expertise in the energy sector. With approximately 72,000 employees worldwide, Exxon Mobil operates across the entire value chain of oil and gas, from exploration and production to refining and marketing. The company's vast portfolio includes oil and gas fields in various regions, as well as a global network of refineries, petrochemical plants, and retail fuel stations. Exxon Mobil is committed to technological advancements and sustainable practices to meet the world's growing energy demand while minimizing environmental impact. With annual revenue of around 265 billion dollars, Exxon Mobil Corporation remains one of the largest and most influential companies in the energy industry.
#5 BP PLC
Employees: 70K
Revenue: 278B$
Website: https://www.bp.com
Description: BP PLC, headquartered in London, United Kingdom, is a leading player in the Integrated Oil & Gas industry. Founded in 1909, the company has grown to become one of the largest oil and gas companies globally. With a workforce of approximately 70,000 employees, BP operates across all sectors of the oil and gas value chain, including exploration, production, refining, distribution, and marketing. The company's diverse portfolio includes various energy sources, such as oil, gas, biofuels, and wind power. BP is committed to delivering energy solutions while minimizing environmental impact. In recent years, the company has made significant investments in renewable energy and low-carbon technologies to support the transition to a more sustainable energy future.
#4 China National Petroleum Corporation
Employees: 1M
Revenue: 300B$
Website: https://www.cnpc.com.cn
Description: China National Petroleum Corporation (CNPC) is a major player in the Integrated Oil & Gas industry. Headquartered in Beijing, China, CNPC operates in various segments of the oil and gas value chain, including exploration, production, refining, marketing, and transportation. With a workforce of approximately 1 million employees, CNPC is one of the largest oil and gas companies in the world. The company was founded in 1988 and has since grown to become a global leader in the energy sector. CNPC generates a significant annual revenue of 300 billion US dollars, contributing to China's energy security and playing a vital role in the country's economic development.
#3 PetroChina Company Limited
Employees: 500K
Revenue: 300B$
Website: https://www.petrochina.com.cn
Description: PetroChina Company Limited, headquartered in Beijing, China, is a major player in the Integrated Oil & Gas industry. Founded in 1999, the company has become one of the largest oil and gas companies in the world. With approximately 500,000 employees, PetroChina operates in all stages of the oil and gas value chain, including exploration, production, refining, and marketing. The company focuses on the exploration and production of crude oil and natural gas, as well as the refining and marketing of petroleum products. PetroChina's vast network of oil and gas fields, refineries, and retail stations enables it to meet the energy needs of China and international markets. With a revenue of around 300 billion USD, PetroChina continues to be a key player in the global energy sector.
#2 Royal Dutch Shell PLC
Employees: 86K
Revenue: 311B$
Website: https://www.shell.com
Description: Royal Dutch Shell PLC is a leading company in the Integrated Oil & Gas industry. Headquartered in The Hague, Netherlands, the company operates globally, with a strong presence in Europe. With a history dating back to 1907, Shell has established itself as one of the largest and most influential players in the energy sector. With approximately 86,000 employees worldwide, Shell is actively involved in various aspects of the oil and gas value chain, including exploration, production, refining, and distribution. The company's operations span across continents, with a significant focus on Europe, where it has a dominant market position. Shell's annual revenue reached an impressive 311 billion dollars, solidifying its position as one of the top revenue-generating companies in the industry.
#1 Sinopec Group
Employees: 0.6M
Revenue: 1.5T$
Website: https://www.sinopecgroup.com/group/en/
Description: Sinopec Group, headquartered in Beijing, China, is a major player in the Integrated Oil & Gas industry. The company was founded in 2000 and currently employs approximately 600,000 people. With an annual revenue of 1.5 trillion US dollars, Sinopec Group operates across the entire value chain of oil and gas, including exploration, production, refining, and marketing. The company is involved in the exploration and production of crude oil and natural gas, as well as the refining and distribution of petroleum and petrochemical products. Sinopec Group is known for its extensive refining capacity, ranking among the largest refineries in the world. The company's operations span both domestic and international markets, contributing significantly to China's energy sector and global energy supply.
Summary
The analysis of the top companies in the Integrated Oil & Gas sub-industry has revealed some key takeaways. Topping the rankings is Company X, which has achieved significant accomplishments in terms of revenue growth and market dominance. Company Y and Company Z have also emerged as strong players in this sector, with notable achievements in technological innovation and sustainability efforts.
One unexpected finding from the investigation is the emergence of smaller, agile companies that are disrupting the traditional players in the Integrated Oil & Gas industry. These newcomers have leveraged digital technologies and a focus on sustainability to gain a competitive edge.
Company X is one of the premier companies in the Integrated Oil & Gas sub-industry. With a long history and a global presence, they have established themselves as a leader in the market. Company Y, on the other hand, is a relatively newer player but has quickly gained recognition for its innovative solutions. Company Z is known for its commitment to sustainability and has made significant investments in renewable energy.
One shared element among these leading firms is their focus on technology and innovation. They have embraced digital transformation to streamline operations, improve efficiency, and enhance decision-making. Additionally, these companies have invested heavily in research and development to stay ahead of the curve.
What sets these eminent companies apart from their industry rivals is their commitment to sustainability. They have implemented various initiatives to reduce their carbon footprint, increase energy efficiency, and promote renewable energy sources. By aligning their business strategies with environmental goals, they have gained a competitive advantage and positioned themselves as leaders in the industry.