[Ranking] TOP 25 Oil & Gas Refining & Marketing / Energy Companies Q3/2023
Intro
The Oil & Gas Refining & Marketing industry plays a critical role in the worldwide economy. As one of the key sub-industries within the broader Energy sector, it is responsible for the refining and marketing of crude oil and its byproducts, ensuring a steady supply of energy to meet global demands. Without the efficient operation of these companies, the functioning of various sectors would be severely impacted.
With its profound influence, the Oil & Gas Refining & Marketing industry has ripple effects across diverse sectors. From transportation to manufacturing, agriculture to construction, numerous industries heavily rely on the products and services provided by this sub-industry. Any disruptions in the supply chain or price fluctuations can have far-reaching consequences, affecting not only businesses but also consumers worldwide.
The economic magnitude of the Oil & Gas Refining & Marketing industry is significant and continues to show an upward trajectory. With the ever-increasing global demand for energy, these companies are constantly expanding their operations, investing in new technologies, and exploring untapped reserves. As a result, the industry has seen substantial growth, contributing to job creation, infrastructure development, and economic stability in many countries.
The Oil & Gas Refining & Marketing industry is constantly shaped by recent trends, breakthroughs, and obstacles. Factors such as fluctuating oil prices, geopolitical tensions, and environmental concerns have a direct impact on the industry's dynamics. With the push for renewable energy sources and the need to reduce carbon emissions, companies in this sub-industry are adapting their strategies and investing in cleaner technologies to ensure sustainability and long-term viability.
The landscape of the Oil & Gas Refining & Marketing industry is ever-changing, presenting both challenges and opportunities. As the world transitions towards a more sustainable future, companies are faced with the task of balancing traditional energy sources with renewable alternatives. This dynamic environment sets the stage for the exploration of the industry's leading companies, which are at the forefront of innovation, efficiency, and responsible resource management.
Ranking
#25 Hess Corporation
Employees: 1.3K
Revenue: 6.6B$
Website: https://www.hess.com
Description: Hess Corporation, headquartered in New York City, United States, is a prominent player in the Oil & Gas Refining & Marketing industry. Founded in 1933, the company has established itself as a leading exploration and production company, primarily engaged in the exploration, development, production, purchase, transportation, and sale of crude oil, natural gas liquids, and natural gas. With approximately 1.3 thousand employees, Hess Corporation operates globally, with a strong focus on North America, Europe, and Asia. The company's diverse portfolio includes offshore drilling operations, shale oil and gas projects, and refining and marketing activities. Hess Corporation is committed to sustainable energy practices, striving to minimize environmental impact and promote responsible energy development.
#24 Chevron Phillips Chemical Company LLC
Employees: 5.5K
Revenue: 10B$
Website: https://www.cpchem.com/
Description: Chevron Phillips Chemical Company LLC is a leading player in the Oil & Gas Refining & Marketing industry. Headquartered in The Woodlands, United States, the company has established itself as a key player in North America. With over 5,500 employees, Chevron Phillips Chemical Company LLC operates with a focus on refining and marketing oil and gas products. Since its founding in 2000, the company has been dedicated to delivering high-quality products and services to meet the energy needs of various industries. With an annual revenue of 10 billion dollars, Chevron Phillips Chemical Company LLC continues to drive innovation and sustainable growth in the Energy sector.
#23 S-Oil Corporation
Employees: 2K
Revenue: 20B$
Website: https://www.s-oil.com
Description: S-Oil Corporation, headquartered in Seoul, South Korea, is a leading player in the Oil & Gas Refining & Marketing industry in Asia. Founded in 1976, the company has grown to become a major contributor to the energy sector. With approximately 2,000 employees, S-Oil operates state-of-the-art refineries and engages in the production and distribution of petroleum products. The company focuses on refining crude oil to produce a wide range of products, including gasoline, diesel, jet fuel, and petrochemicals. S-Oil has established itself as a reliable supplier of high-quality fuel and chemicals in the region. With annual revenue of around 20 billion dollars, S-Oil continues to expand its presence in the energy industry and contribute to the economic growth of South Korea and the wider Asian market.
#22 Repsol S.A.
Employees: 25K
Revenue: 40B$
Website: https://www.repsol.com
Description: Repsol S.A. is a leading company in the Oil & Gas Refining & Marketing industry. Headquartered in Madrid, Spain, Repsol operates in Europe and various other regions. With a history dating back to 1987, Repsol has established itself as a key player in the energy sector. The company has a workforce of approximately 25,000 employees who contribute to its operations and growth. Repsol generates significant revenue, with annual earnings reaching around 40 billion dollars. Through its activities in oil and gas refining and marketing, Repsol plays a crucial role in meeting global energy demands and providing essential products and services to its customers.
#21 Bharat Petroleum Corporation Limited
Employees: 12K
Revenue: 45B$
Website: https://www.bharatpetroleum.com
Description: Bharat Petroleum Corporation Limited (BPCL) is an Indian state-controlled oil and gas company headquartered in Mumbai, India. Founded in 1977, BPCL operates in the Oil & Gas Refining & Marketing industry. With approximately 12,000 employees, the company is involved in the exploration, production, refining, and marketing of petroleum products. BPCL operates refineries in Mumbai and Kochi, which have a combined refining capacity of over 30 million metric tonnes per annum. The company's products include petrol, diesel, kerosene, aviation turbine fuel, liquefied petroleum gas, and lubricants, which are marketed through a vast network of retail outlets and distributors across India. BPCL has been a key player in the energy sector in India and has contributed significantly to the country's economic growth.
#20 Petronas
Employees: 51K
Revenue: 46B$
Website: https://www.petronas.com
Description: Petronas, headquartered in Kuala Lumpur, Malaysia, is a major player in the Oil & Gas Refining & Marketing industry. Founded in 1974, the company has grown to employ approximately 51,000 employees. With a revenue of 46 billion USD, Petronas holds a significant market share in the energy sector. Petronas is involved in various activities within the industry, including exploration, production, refining, and marketing of oil and gas products. The company operates globally and has established a strong presence in both upstream and downstream operations. With its commitment to innovation and sustainability, Petronas continues to drive growth and contribute to the energy needs of the world.
#19 PT Pertamina (Persero)
Employees: 40K
Revenue: 50B$
Website: https://www.pertamina.com
Description: PT Pertamina (Persero) is a leading player in the Oil & Gas Refining & Marketing industry, headquartered in Jakarta, Indonesia. With a history dating back to 1975, the company has established itself as a major force in the energy sector. Pertamina operates a diverse portfolio of activities, including exploration, production, refining, distribution, and marketing of oil and gas products. The company has a vast network of refineries, pipelines, and fuel stations across Indonesia, ensuring a reliable supply of energy to meet the country's growing demand. With around 40,000 employees, Pertamina is committed to sustainable development and plays a crucial role in driving the growth of the Indonesian economy. In 2020, the company reported a revenue of 50 billion US dollars, highlighting its significant market presence and financial strength.
#18 Eni S.p.A.
Employees: 32K
Revenue: 70B$
Website: https://www.eni.com
Description: Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome, Italy. With operations in the Oil & Gas Refining & Marketing industry, Eni is involved in the exploration, production, refining, and marketing of petroleum and natural gas products. The company was founded in 1953 and currently employs approximately 32,000 people. Eni generates substantial revenue, with an estimated annual revenue of around 70 billion US dollars. As a major player in the energy sector, Eni operates in various countries worldwide, contributing to the global energy supply through its diverse portfolio of oil and gas assets and innovative technologies.
#17 Petrobras
Employees: 46K
Revenue: 74B$
Website: https://www.petrobras.com.br
Description: Petrobras, headquartered in Rio de Janeiro, Brazil, is a leading player in the Oil & Gas Refining & Marketing industry. Founded in 1953, the company has been a key contributor to Brazil's energy sector. With approximately 46,000 employees, Petrobras operates a vast network of oil and gas refineries, as well as marketing and distribution channels. The company's focus on exploration, production, refining, and distribution activities has positioned it as a major player in the global energy market. With a revenue of 74 billion dollars, Petrobras continues to invest in research and development to improve efficiency and sustainability in the oil and gas industry.
#16 Indian Oil Corporation Limited
Employees: 33K
Revenue: 81.4B$
Website: https://www.iocl.com
Description: Indian Oil Corporation Limited (IOCL) is a leading player in the Oil & Gas Refining & Marketing industry in India. Headquartered in New Delhi, India, IOCL was founded in 1959. With a workforce of approximately 33,000 employees, IOCL operates a vast network of refineries, pipelines, marketing and distribution infrastructure across the country. The company is involved in the refining of crude oil and the marketing of petroleum products such as petrol, diesel, LPG, and lubricants. IOCL's refineries have a combined capacity of over 80 million metric tons per annum, making it the largest refining company in India. IOCL's revenue for the latest fiscal year amounted to 81.4 billion US dollars, solidifying its position as one of the major players in the energy industry in India.
#15 Reliance Industries Limited
Employees: 198K
Revenue: 86.3B$
Website: https://www.ril.com
Description: Reliance Industries Limited, headquartered in Mumbai, India, is a major player in the Oil & Gas Refining & Marketing industry. Founded in 1973, the company has grown to become one of the largest conglomerates in India. With a workforce of approximately 198,000 employees, Reliance Industries Limited operates a vast network of oil refineries and marketing facilities. The company is involved in the exploration, production, refining, and distribution of petroleum products, including gasoline, diesel, and petrochemicals. With an impressive annual revenue of 86.3 billion dollars, Reliance Industries Limited has established itself as a key player in the global energy market.
#14 Rosneft Oil Company
Employees: 300K
Revenue: 90B$
Website: https://www.rosneft.com/
Description: Rosneft Oil Company, headquartered in Moscow, Russia, is a major player in the Oil & Gas Refining & Marketing industry. Founded in 1993, the company has established itself as a leading integrated energy company in Russia. With a workforce of approximately 300,000 employees, Rosneft operates a vast network of oil and gas assets, including exploration, production, refining, and marketing. The company's impressive revenue of 90 billion dollars is a testament to its significant presence in the industry. Rosneft's commitment to innovation and technological advancements has enabled it to maintain a competitive edge and expand its operations both domestically and internationally. As one of the largest publicly traded oil companies, Rosneft continues to play a crucial role in meeting global energy demands while ensuring sustainable growth and development.
#13 Marathon Petroleum Corporation
Employees: 60K
Revenue: 95B$
Website: https://www.marathonpetroleum.com
Description: Marathon Petroleum Corporation is a leading company in the Oil & Gas Refining & Marketing industry. Headquartered in Findlay, United States, the company operates primarily in North America. With a history dating back to 1887, Marathon Petroleum has established itself as a major player in the energy sector. The company employs approximately 60,000 individuals across its operations. With a revenue of 95 billion dollars, Marathon Petroleum is a significant contributor to the industry. Through its refining and marketing activities, the company plays a crucial role in the production and distribution of petroleum products, serving various sectors and consumers worldwide.
#12 Kuwait Petroleum Corporation
Employees: 10K
Revenue: 100B$
Website: https://www.kpc.com.kw
Description: Kuwait Petroleum Corporation (KPC) is a leading player in the Oil & Gas Refining & Marketing industry. Headquartered in Kuwait City, Kuwait, KPC operates in the Asia continent. Founded in 1980, the company has a workforce of approximately 10,000 employees. With a revenue of around 100 billion US dollars, KPC is a major contributor to the energy sector. The corporation engages in the exploration, production, refining, and marketing of oil and gas products. Through its subsidiaries and affiliates, KPC plays a significant role in the global energy market, supplying petroleum products to customers both domestically and internationally. With a strong presence in the industry, KPC continues to drive innovation and contribute to the sustainable growth of the energy sector.
#11 Valero Energy Corporation
Employees: 10K
Revenue: 110B$
Website: https://www.valero.com
Description: Valero Energy Corporation, headquartered in San Antonio, United States, is a prominent player in the Oil & Gas Refining & Marketing industry. Founded in 1980, the company operates a network of refineries and marketing outlets across North America, Europe, and the Caribbean. With approximately 10,000 employees, Valero is engaged in refining crude oil and producing various petroleum products, including gasoline, diesel fuel, jet fuel, asphalt, and petrochemicals. The company's refineries have a combined throughput capacity of over 3 million barrels per day, making Valero one of the largest independent petroleum refiners globally. Valero also owns a vast distribution network and retail marketing operations, supplying fuel to millions of customers through its branded gas stations. With annual revenues of around 110 billion dollars, Valero Energy Corporation continues to be a leading force in the energy industry, driving innovation and delivering reliable energy products to meet global demand.
#10 Phillips 66
Employees: 14K
Revenue: 111B$
Website: https://www.phillips66.com
Description: Phillips 66 is a leading player in the Oil & Gas Refining & Marketing industry. Headquartered in Houston, United States, the company has been in operation since 1917. With a workforce of approximately 14,000 employees, Phillips 66 generates substantial revenue, amounting to 111 billion dollars annually. The company is actively involved in various aspects of the oil and gas sector, including refining, marketing, and distributing petroleum products. Phillips 66 operates a diverse portfolio of refineries across North America, producing gasoline, diesel, jet fuel, lubricants, and other specialty products. They also engage in the marketing and retailing of these products through their extensive network of branded gas stations and convenience stores. Phillips 66 is committed to delivering quality products and services, maintaining a strong presence in the energy industry.
#9 Gazprom
Employees: 460K
Revenue: 120B$
Website: https://www.gazprom.com
Description: Gazprom, headquartered in Moscow, Russia, is a leading company in the Oil & Gas Refining & Marketing industry. Founded in 1989, Gazprom operates in the energy sector, specifically focusing on the exploration, production, transportation, and marketing of natural gas and oil. With a workforce of approximately 460,000 employees, the company has established itself as a major player in the global energy market. Gazprom generates substantial revenue, amounting to around 120 billion U.S. dollars. The company's extensive activities in the industry contribute to the development and distribution of energy resources, ensuring a reliable supply of natural gas and oil to consumers worldwide.
#8 Lukoil
Employees: 110K
Revenue: 144.2B$
Website: https://www.lukoil.com
Description: Lukoil is a Russian multinational energy corporation headquartered in Moscow, Russia. Founded in 1991, the company operates in the Oil & Gas Refining & Marketing industry. With approximately 110,000 employees, Lukoil is one of the largest oil and gas companies in the world. The company engages in the exploration, production, refining, marketing, and distribution of petroleum products. Lukoil operates refineries and filling stations across various countries, supplying a wide range of energy products to both domestic and international markets. With a revenue of 144.2 billion USD, Lukoil has established itself as a key player in the global energy industry, driving innovation and development in the oil and gas sector.
#7 Chevron Corporation
Employees: 48K
Revenue: 146.5B$
Website: https://www.chevron.com
Description: Chevron Corporation, headquartered in San Ramon, United States, is a leading player in the Oil & Gas Refining & Marketing industry. With a history dating back to 1879, Chevron has established itself as a major energy company. The company operates globally, engaging in the exploration, production, refining, and marketing of oil and gas products. Chevron's diverse portfolio includes upstream activities such as exploring and producing crude oil and natural gas, as well as downstream operations involving the refining, distribution, and marketing of fuels and other petroleum-based products. With approximately 48,000 employees worldwide, Chevron generates substantial revenue, reaching 146.5 billion US dollars. Through its operations, Chevron plays a significant role in meeting global energy demands and contributing to the development of the energy sector.
#6 Total SE
Employees: 100K
Revenue: 200B$
Website: https://www.total.com/
Description: Total SE is a leading player in the Oil & Gas Refining & Marketing industry. Headquartered in Paris, France, Total operates globally and is known for its integrated activities in the energy sector. Founded in 1924, Total has a workforce of approximately 100,000 employees. The company generates substantial revenue, with an estimated annual revenue of 200 billion US dollars. Total is involved in various aspects of the oil and gas value chain, including exploration, production, refining, and marketing. With a strong presence in both upstream and downstream operations, Total is committed to delivering sustainable energy solutions to meet the world's growing demand.
#5 Exxon Mobil Corporation
Employees: 71K
Revenue: 255.6B$
Website: https://corporate.exxonmobil.com/
Description: Exxon Mobil Corporation, headquartered in Irving, United States, is a major player in the Oil & Gas Refining & Marketing industry. Founded in 1870, Exxon Mobil operates globally and is involved in various activities such as exploration, production, refining, and marketing of oil and gas products. With approximately 71,000 employees, the company generates substantial revenue of 255.6 billion dollars. As one of the largest publicly traded oil and gas companies, Exxon Mobil continues to play a significant role in the energy sector, contributing to the global supply and distribution of energy resources.
#4 BP P.l.c.
Employees: 70K
Revenue: 305B$
Website: https://www.bp.com
Description: BP P.l.c. is a global leader in the Oil & Gas Refining & Marketing industry. Headquartered in London, United Kingdom, the company has a rich history dating back to its founding in 1909. With a workforce of approximately 70,000 employees, BP operates in various segments of the energy industry, including exploration, production, refining, and marketing. The company's primary focus is on the production and refining of oil and gas, as well as the marketing and distribution of refined products. BP has a strong presence in both upstream and downstream operations, with a diverse portfolio of assets and operations across the globe. The company generates significant revenue, with an annual turnover of approximately 305 billion US dollars.
#3 Royal Dutch Shell Plc
Employees: 82K
Revenue: 311B$
Website: https://www.shell.com
Description: Royal Dutch Shell Plc is a leading player in the Oil & Gas Refining & Marketing industry. With its headquarters located in The Hague, Netherlands, the company operates globally. Founded in 1907, Shell has grown to become one of the largest oil companies in the world. The company has approximately 82,000 employees worldwide. Shell is involved in various activities within the oil and gas sector, including exploration, production, refining, distribution, and marketing. Its operations span across all segments of the oil and gas value chain, making it a key player in the energy industry. With annual revenues of 311 billion dollars, Shell continues to be a major force in the global energy market.
#2 Petrochina Company Limited
Employees: 470K
Revenue: 366.6B$
Website: https://www.petrochina.com.cn
Description: Petrochina Company Limited, headquartered in Beijing, China, is a major player in the Oil & Gas Refining & Marketing industry. Founded in 1999, the company operates in various segments including exploration, production, refining, and marketing of crude oil and natural gas. With a workforce of approximately 470,000 employees, Petrochina is one of the largest oil and gas companies in the world. The company has achieved significant revenue growth, with reported revenue of 366.6 billion US dollars. Petrochina's operations span across China and international markets, contributing to the development and supply of energy resources globally.
#1 China Petroleum & Chemical Corporation (Sinopec)
Employees: 500K
Revenue: 450B$
Website: https://www.sinopecgroup.com/group/en
Description: China Petroleum & Chemical Corporation (Sinopec), headquartered in Beijing, China, is a major player in the Oil & Gas Refining & Marketing industry. Founded in 2000, Sinopec operates in various sectors including exploration, production, refining, and marketing of petroleum and petrochemical products. With approximately 500,000 employees, Sinopec is one of the largest companies in the industry. The company generates substantial revenue, amounting to 450 billion US dollars. Sinopec's activities span across the entire value chain, from upstream exploration and production to downstream refining and marketing, ensuring a comprehensive presence in the energy sector. Through its extensive operations, Sinopec plays a significant role in meeting China's energy demands and contributing to the country's economic growth.
Summary
The analysis of the top companies in the Oil & Gas Refining & Marketing sub-industry reveals some interesting findings. The ranking of the top companies is based on their market capitalization and financial performance. The leading companies in this sector include Exxon Mobil, Royal Dutch Shell, BP, Chevron, and Total. These companies have consistently shown strong financial performance and have a significant market share in the industry. Exxon Mobil, being the largest publicly traded oil and gas company, is known for its global reach and diversified operations. Royal Dutch Shell is another major player, with a strong focus on innovation and sustainability.
One unexpected finding from the analysis is the rise of renewable energy companies within the Oil & Gas Refining & Marketing sub-industry. Companies like BP and Total have made significant investments in renewable energy sources, such as wind and solar power. This shift towards cleaner energy is driven by increasing concerns about climate change and the need for sustainable solutions. Another outstanding finding is the impact of geopolitical events on the industry. Political tensions and conflicts in oil-producing regions can have a significant effect on oil prices and market dynamics.
Exxon Mobil is a premier company in the Oil & Gas Refining & Marketing sub-industry. With its vast global operations and diverse portfolio, Exxon Mobil has established itself as a leader in the industry. Royal Dutch Shell is another prominent player known for its focus on innovation and commitment to sustainability. BP is a major player that has diversified its operations into renewable energy sources. Chevron is a leading company with a strong presence in both upstream and downstream operations. Total is a global energy company that has made significant investments in renewable energy and is committed to reducing its carbon footprint.
These top companies share some common elements that contribute to their prosperity. They have a strong global presence and diversified operations, which enables them to navigate market fluctuations and mitigate risks. These companies also invest heavily in research and development to drive innovation and improve operational efficiency. Additionally, they have established strong partnerships and collaborations with other industry players to leverage expertise and resources. These companies also prioritize sustainability and are actively working towards reducing their environmental impact.
What sets these top companies apart from their rivals is their ability to adapt to changing market dynamics and embrace new technologies. They have successfully integrated renewable energy sources into their operations and are actively exploring new opportunities in the energy transition. These companies also have strong brands and reputations, which give them a competitive edge. Furthermore, their financial strength allows them to make strategic investments and pursue growth opportunities. Overall, these top companies in the Oil & Gas Refining & Marketing sub-industry are well-positioned to thrive in a rapidly evolving energy landscape.