[Ranking] TOP 25 Oil & Gas Midstream / Energy Companies Q3/2023
Intro
The oil and gas midstream industry plays a vital role in the worldwide economy, serving as the critical link between oil and gas producers and consumers. It encompasses the transportation, storage, and distribution of oil and gas products, ensuring a steady supply to meet the global energy demand.
With its profound influence, the oil and gas midstream industry has far-reaching ripple effects across diverse sectors. It enables economic growth by providing the infrastructure necessary for the efficient and reliable movement of energy resources, supporting industries such as manufacturing, transportation, and power generation.
The economic magnitude of the oil and gas midstream industry is substantial and continues to grow. As global energy demand rises, the need for infrastructure to transport and distribute oil and gas products increases. This upward trajectory presents significant opportunities for companies within the industry to expand and innovate.
Recent trends, breakthroughs, and obstacles are shaping the oil and gas midstream industry. The transition towards cleaner and renewable energy sources, such as natural gas and renewables, is driving investments in infrastructure to support their production, transportation, and storage. Additionally, the industry faces challenges related to regulatory compliance, environmental sustainability, and technological advancements.
The landscape of the oil and gas midstream industry is ever-changing, influenced by market dynamics, geopolitical factors, and emerging technologies. Understanding the leading companies within this dynamic industry is crucial to gaining insights into the future direction of energy markets and the global economy.
Ranking
#25 Magellan Midstream Partners, L.P.
Employees: 2K
Revenue: 4.3B$
Website: https://www.magellanlp.com/
Description: Magellan Midstream Partners, L.P. is a leading oil and gas midstream company headquartered in Tulsa, United States. Since its founding in 2000, the company has grown to employ approximately 2,000 employees. Magellan Midstream Partners operates in the oil and gas midstream industry, which focuses on the transportation, storage, and distribution of petroleum products. The company owns an extensive network of pipelines and terminals, allowing it to efficiently transport and store crude oil, refined petroleum products, and other hydrocarbons. Magellan Midstream Partners' revenue reached 4.3 billion US dollars, solidifying its position as a major player in the energy industry.
#24 Williams Companies, Inc.
Employees: 5K
Revenue: 7B$
Website: https://www.williams.com
Description: Williams Companies, Inc. is a leading player in the Oil & Gas Midstream industry. Headquartered in Tulsa, United States, the company was founded in 1908. With a workforce of around 5,000 employees, Williams is involved in the transportation, storage, and processing of natural gas and natural gas liquids. The company operates an extensive network of pipelines and related infrastructure, connecting major natural gas supply basins to high-demand markets across North America. Williams is committed to providing reliable and efficient midstream services to its customers in the energy sector. With annual revenues reaching around 7 billion dollars, the company continues to play a crucial role in the energy infrastructure of the region.
#23 Sunoco LP
Employees: 10K
Revenue: 10B$
Website: https://www.sunocolp.com
Description: Sunoco LP, headquartered in Dallas, United States, is a leading player in the Oil & Gas Midstream industry. Established in 2012, the company operates a vast network of pipelines and terminals, facilitating the transportation, storage, and distribution of petroleum products. With a workforce of approximately 10,000 employees, Sunoco LP plays a crucial role in the energy sector by ensuring the efficient flow of oil and gas across North America. The company generates significant revenue, with an estimated annual revenue of around 10 billion USD. Sunoco LP's commitment to excellence and strategic infrastructure positions it as a key player in the Oil & Gas Midstream industry.
#22 Pembina Pipeline Corporation
Employees: 2.5K
Revenue: 10B$
Website: https://www.pembina.com/
Description: Pembina Pipeline Corporation is a leading company in the Oil & Gas Midstream industry. Headquartered in Calgary, Canada, Pembina operates primarily in North America. With a history dating back to 1954, the company has established itself as a key player in the energy sector. Pembina's core activities involve the transportation and storage of oil and gas products, as well as providing midstream services to support the energy industry. The company's extensive pipeline network enables the safe and efficient movement of hydrocarbons across the continent. Pembina Pipeline Corporation has approximately 2,500 employees and generates an impressive annual revenue of 10 billion dollars.
#21 ONEOK, Inc.
Employees: 2.5K
Revenue: 10B$
Website: https://www.oneok.com
Description: ONEOK, Inc. is a leading player in the Oil & Gas Midstream industry. Headquartered in Tulsa, United States, the company has been in operation since 1906. With a workforce of approximately 2.5K employees, ONEOK focuses on gathering, processing, storing, and transporting natural gas and natural gas liquids (NGLs) across North America. The company operates a vast network of pipelines, storage facilities, and processing plants, ensuring the efficient movement and distribution of energy resources. ONEOK's dedication to safety, reliability, and environmental stewardship has earned them a strong reputation in the industry. With annual revenue of around 10B$, ONEOK continues to play a vital role in the Energy sector, providing essential midstream services to support the production and distribution of oil and gas.
#20 Kinder Morgan, Inc.
Employees: 11K
Revenue: 11B$
Website: https://www.kindermorgan.com
Description: Kinder Morgan, Inc. is a leading energy infrastructure company operating in the Oil & Gas Midstream industry. Headquartered in Houston, United States, the company was founded in 1997. With a workforce of approximately 11,000 employees, Kinder Morgan plays a vital role in the transportation, storage, and distribution of energy products across North America. The company operates an extensive network of pipelines and terminals, facilitating the movement of oil, natural gas, refined petroleum products, and other energy commodities. Kinder Morgan's infrastructure assets span across the United States and Canada, enabling efficient and reliable energy transportation. With an annual revenue of 11 billion dollars, Kinder Morgan continues to contribute significantly to the energy sector.
#19 TransCanada Corporation
Employees: 7.5K
Revenue: 11.1B$
Website: https://www.transcanada.com
Description: TransCanada Corporation, headquartered in Calgary, Canada, is a leading player in the Oil & Gas Midstream industry. Founded in 1951, the company operates a vast network of pipelines and storage facilities across North America. With approximately 7,500 employees, TransCanada plays a crucial role in the transportation and storage of natural gas, crude oil, and other energy products. The company's extensive pipeline network spans over 92,600 kilometers, facilitating the safe and efficient delivery of energy resources to markets. TransCanada is committed to environmental stewardship and implements advanced technologies to minimize its environmental footprint. With annual revenues of 11.1 billion dollars, TransCanada continues to be a key contributor to the energy infrastructure sector in North America.
#18 Energy Transfer LP
Employees: 10K
Revenue: 15B$
Website: https://www.energytransfer.com
Description: Energy Transfer LP is a leading company in the Oil & Gas Midstream industry. Headquartered in Houston, United States, Energy Transfer operates primarily in North America. Founded in 1996, the company has grown significantly over the years. With a workforce of approximately 10,000 employees, Energy Transfer is involved in the transportation, storage, and distribution of oil and gas products. The company operates an extensive network of pipelines, terminals, and storage facilities, ensuring the efficient movement of energy resources. Energy Transfer LP generates an impressive annual revenue of 15 billion dollars, contributing to the growth and development of the energy sector.
#17 National Grid Plc
Employees: 22K
Revenue: 16.8B$
Website: https://www.nationalgrid.com/
Description: National Grid Plc, headquartered in London, United Kingdom, is a key player in the Oil & Gas Midstream industry. Founded in 1990, the company operates a vast network of gas and electricity transmission systems across the UK and the northeastern United States. With approximately 22,000 employees, National Grid plays a vital role in ensuring the reliable supply of energy to millions of customers. The company's operations include managing and maintaining gas and electricity infrastructure, connecting renewable energy sources to the grid, and providing essential transmission services. National Grid Plc has consistently generated significant revenue, with an annual revenue of 16.8 billion dollars, solidifying its position as a leading player in the energy sector.
#16 Phillips 66
Employees: 15K
Revenue: 29B$
Website: https://www.phillips66.com
Description: Phillips 66 is a leading company in the Oil & Gas Midstream industry. Headquartered in Houston, United States, the company has been operating since 1917. With a workforce of approximately 15,000 employees, Phillips 66 generates an annual revenue of 29 billion dollars. The company is engaged in various activities within the Oil & Gas Midstream sector, including transportation, storage, and processing of crude oil, natural gas, and refined petroleum products. Phillips 66 operates a vast network of pipelines, terminals, and processing facilities, ensuring the efficient and reliable delivery of energy resources. As a key player in the industry, the company plays a crucial role in supporting the energy needs of both domestic and international markets.
#15 Enterprise Products Partners L.P.
Employees: 10K
Revenue: 30B$
Website: https://www.enterpriseproducts.com/
Description: Enterprise Products Partners L.P. is a leading player in the Oil & Gas Midstream industry. Headquartered in Houston, United States, the company operates a vast network of pipelines, storage facilities, and processing plants to transport, store, and distribute crude oil, natural gas, and refined petroleum products. With a strong focus on safety and reliability, Enterprise Products Partners ensures the efficient and secure movement of energy resources across North America. Founded in 1968, the company has grown to become one of the largest midstream companies in the country. With approximately 10,000 employees, Enterprise Products Partners generates a revenue of around 30 billion dollars, solidifying its position as a major player in the energy industry.
#14 CNOOC Limited
Employees: 18K
Revenue: 34B$
Website: https://www.cnoocltd.com
Description: CNOOC Limited is a leading offshore oil and gas exploration and production company based in Beijing, China. With headquarters in Asia, the company operates in the Oil & Gas Midstream industry. Founded in 1982, CNOOC Limited has grown to become one of the largest oil companies in China. The company has approximately 18,000 employees and generates a revenue of 34 billion USD. CNOOC Limited specializes in exploring, developing, and producing oil and natural gas both in China and internationally. They are committed to sustainable development and have a strong focus on safety and environmental protection in their operations.
#13 Enbridge Inc.
Employees: 12K
Revenue: 34.5B$
Website: https://www.enbridge.com
Description: Enbridge Inc. is a leading energy transportation and distribution company operating in the Oil & Gas Midstream industry. Headquartered in Calgary, Canada, Enbridge has been in operation since 1949. With a workforce of approximately 12,000 employees, the company plays a crucial role in the transportation, storage, and distribution of crude oil, natural gas, and renewable energy sources across North America. Enbridge's extensive network of pipelines, storage terminals, and processing facilities spans thousands of miles, ensuring the secure and efficient movement of energy resources. The company's commitment to safety and environmental stewardship, as well as its focus on innovation and sustainability, has solidified its position as a key player in the energy sector. With annual revenues of 34.5 billion US dollars, Enbridge continues to drive the growth and reliability of energy infrastructure in the region.
#12 ConocoPhillips
Employees: 10K
Revenue: 50B$
Website: https://www.conocophillips.com
Description: ConocoPhillips is a leading company in the Oil & Gas Midstream industry. Headquartered in Houston, United States, the company operates primarily in North America. With a history dating back to 1917, ConocoPhillips has established itself as a prominent player in the energy sector. The company employs approximately 10,000 employees, who contribute to its success in generating substantial revenue. In terms of revenue, ConocoPhillips reports an impressive 50 billion dollars. Through its operations in the Oil & Gas Midstream industry, ConocoPhillips plays a vital role in the transportation, storage, and wholesale marketing of oil and gas products, further strengthening its position as a key player in the energy sector.
#11 Eni S.p.A.
Employees: 33K
Revenue: 71.1B$
Website: https://www.eni.com/
Description: Eni S.p.A., headquartered in Rome, Italy, is a leading company in the Oil & Gas Midstream industry. Founded in 1953, Eni operates in the exploration, production, refining, and distribution of oil and gas. With a workforce of approximately 33,000 employees, Eni is committed to providing energy solutions globally. The company's operations include the transportation and storage of oil and natural gas, as well as the development of infrastructure for the energy industry. Eni's revenue reached 71.1 billion USD, positioning it as a major player in the global energy market. Through continuous innovation and sustainable practices, Eni strives to meet the growing demand for energy while minimizing environmental impact.
#10 Marathon Petroleum Corporation
Employees: 60K
Revenue: 85.4B$
Website: https://www.marathonpetroleum.com/
Description: Marathon Petroleum Corporation, headquartered in Findlay, Ohio, is a leading player in the Oil & Gas Midstream industry. With a rich history dating back to 1887, Marathon Petroleum has established itself as a prominent name in the energy sector. The company operates an extensive network of pipelines, terminals, and transportation services that facilitate the efficient distribution of petroleum products. With a workforce of approximately 60,000 employees, Marathon Petroleum is dedicated to ensuring the reliable supply of energy resources. In 2020, the company reported a revenue of 85.4 billion dollars, solidifying its position as a major player in the industry.
#9 Valero Energy Corporation
Employees: 10K
Revenue: 112B$
Website: https://www.valero.com
Description: Valero Energy Corporation, headquartered in San Antonio, United States, is a prominent player in the Oil & Gas Midstream industry. Founded in 1980, the company has grown to employ approximately 10,000 individuals. Valero Energy Corporation generates significant revenue, with an estimated annual revenue of 112 billion US dollars. The company operates a wide range of activities in the Oil & Gas Midstream sector, including refining, marketing, and logistics. With a strong presence in North America, Valero Energy Corporation is known for its extensive refining capacity and comprehensive product distribution network. Through its strategic operations, the company plays a vital role in facilitating the transportation and processing of oil and gas resources within the energy industry.
#8 Gazprom PAO
Employees: 450K
Revenue: 120B$
Website: https://www.gazprom.com
Description: Gazprom PAO, headquartered in Moscow, Russia, is a major player in the Oil & Gas Midstream industry. Founded in 1989, the company operates in the energy sector and specializes in the extraction, production, transport, and sale of natural gas. With a workforce of approximately 450,000 employees, Gazprom is one of the largest employers in the industry. The company generates substantial revenue, with an estimated annual revenue of 120 billion US dollars. Gazprom plays a crucial role in the global energy market, ensuring the reliable supply of natural gas to consumers both in Russia and abroad. With its extensive pipeline network and strategic partnerships, Gazprom continues to be a dominant force in the energy industry.
#7 Chevron Corporation
Employees: 48K
Revenue: 141.7B$
Website: https://www.chevron.com
Description: Chevron Corporation, headquartered in San Ramon, United States, is a leading player in the Oil & Gas Midstream industry. With a history dating back to 1879, Chevron has established itself as a key player in the energy sector. The company operates across the entire oil and gas value chain, involved in exploration, production, refining, and marketing of petroleum products. Chevron's activities in the Oil & Gas Midstream sector include the transportation, storage, and wholesale marketing of crude oil, natural gas, and refined petroleum products. With a workforce of approximately 48,000 employees, Chevron generates substantial revenue of 141.7 billion dollars, making it one of the largest companies in the industry.
#6 Total SE
Employees: 100K
Revenue: 200B$
Website: https://www.total.com
Description: Total SE, headquartered in Paris, France, is a major player in the Oil & Gas Midstream industry. With a history dating back to 1924, the company has established itself as a leader in the energy sector. Total operates across the entire value chain of oil and gas, from exploration and production to refining and marketing. In the midstream sector, Total is involved in activities such as transportation, storage, and wholesale marketing of oil and gas products. With a workforce of approximately 100,000 employees, Total generates substantial revenue of around 200 billion US dollars. The company's commitment to sustainability and its focus on innovation have positioned it as a key player in the global energy market.
#5 Exxon Mobil Corporation
Employees: 74K
Revenue: 265B$
Website: https://corporate.exxonmobil.com/
Description: Exxon Mobil Corporation, headquartered in Irving, United States, is a leading player in the Oil & Gas Midstream industry. With a rich history dating back to 1870, the company has established itself as a global powerhouse in the energy sector. Exxon Mobil operates a vast network of pipelines and terminals, facilitating the transportation, storage, and distribution of oil and gas products across the world. With a workforce of approximately 74,000 employees, the company continues to drive innovation and efficiency in the midstream sector. In 2020, Exxon Mobil generated revenue of around 265 billion dollars, solidifying its position as one of the largest energy companies globally.
#4 BP Plc
Employees: 73K
Revenue: 278B$
Website: https://www.bp.com
Description: BP Plc, headquartered in London, United Kingdom, is a major player in the Oil & Gas Midstream industry. The company, founded in 1909, operates globally and is involved in the transportation, storage, and wholesale marketing of crude oil, natural gas, and refined petroleum products. With approximately 73,000 employees, BP has a strong workforce dedicated to ensuring efficient midstream operations. The company's revenue stands at a whopping 278 billion USD, making it one of the largest players in the industry. BP's extensive network of pipelines, terminals, and storage facilities enables the smooth flow of energy resources across various regions, contributing to the overall energy supply chain.
#3 Royal Dutch Shell Plc
Employees: 82K
Revenue: 311B$
Website: https://www.shell.com
Description: Royal Dutch Shell Plc is a leading company in the Oil & Gas Midstream industry. Headquartered in The Hague, Netherlands, the company operates globally in the energy sector. With a history dating back to 1907, Shell has grown to become one of the largest oil and gas companies in the world. The company is involved in various activities in the midstream sector, including transportation, storage, and wholesale marketing of crude oil and natural gas. Shell operates a vast network of pipelines, terminals, and LNG facilities, enabling the efficient and reliable distribution of energy resources. With over 82,000 employees, Shell has a strong workforce dedicated to delivering safe and sustainable energy solutions. In 2020, the company generated a revenue of 311 billion dollars, solidifying its position as a key player in the industry.
#2 PetroChina Company Limited
Employees: 464K
Revenue: 362.4B$
Website: https://www.petrochina.com.cn
Description: PetroChina Company Limited, headquartered in Beijing, China, is a major player in the Oil & Gas Midstream industry. Founded in 1999, PetroChina operates in various sectors of the energy industry, including exploration, production, refining, and marketing of oil and gas products. With a workforce of approximately 464,000 employees, the company is one of the largest oil and gas companies globally. PetroChina generates substantial revenue, with an estimated annual revenue of 362.4 billion US dollars. The company's operations span both domestic and international markets, contributing to China's energy security and the global energy supply. PetroChina's commitment to technological advancements and sustainable practices positions it as a leader in the oil and gas midstream sector.
#1 China Petroleum & Chemical Corporation (Sinopec)
Employees: 0.6M
Revenue: 430B$
Website: https://www.sinopecgroup.com/group/en/
Description: China Petroleum & Chemical Corporation (Sinopec) is a leading player in the Oil & Gas Midstream industry. Headquartered in Beijing, China, Sinopec operates in various sectors of the energy industry including exploration, production, refining, and marketing of petroleum and petrochemical products. With a workforce of approximately 600,000 employees, Sinopec is one of the largest companies in the oil and gas sector. The company was founded in 2000 and has since grown to become one of the major players in the global energy market. Sinopec generates a significant revenue of 430 billion USD, making it a key contributor to China's economy and the global energy industry.
Summary
The oil and gas midstream sub-industry plays a crucial role in the energy sector, facilitating the transportation and storage of oil and gas from production sites to refineries and distribution centers. These companies provide the infrastructure and services necessary for the efficient and safe movement of energy resources.
One surprising finding is the resilience of the top companies in this sub-industry despite the fluctuations in oil prices and geopolitical challenges. Their ability to adapt to changing market conditions and maintain steady growth is commendable.
Among the premier companies in the oil and gas midstream sub-industry are giants like Kinder Morgan, Enterprise Products Partners, and Enbridge. These companies have established themselves as leaders in the field through their extensive network of pipelines, terminals, and storage facilities.
The success of these top companies can be attributed to their focus on operational efficiency, strategic partnerships, and continuous investment in infrastructure development. By optimizing their operations and leveraging economies of scale, they are able to deliver cost-effective solutions to their customers.
What sets these eminent companies apart from their rivals is their commitment to innovation and sustainability. They actively seek out new technologies and practices to minimize their environmental impact and improve the overall efficiency of their operations. This dedication to responsible business practices has not only earned them a competitive edge but also positioned them as industry leaders.