[Ranking] TOP 25 Oil & Gas Storage & Transportation / Energy Companies Q3/2023
Intro
The oil and gas storage and transportation industry plays a crucial role in the worldwide economy. It serves as the backbone of the energy sector, facilitating the movement of oil and gas resources from production sites to refineries, distribution centers, and ultimately to consumers. Without efficient and reliable storage and transportation infrastructure, the global energy market would suffer significant disruptions, impacting various sectors such as manufacturing, transportation, and power generation.
With its profound influence, the oil and gas storage and transportation industry creates a ripple effect across diverse sectors. The availability and accessibility of oil and gas resources directly impact the cost of energy, transportation, and raw materials, influencing the competitiveness of industries and the overall economic stability of nations. Moreover, fluctuations in oil and gas prices can have far-reaching consequences on global financial markets, affecting investments, currencies, and trade balances.
In terms of economic magnitude, the oil and gas storage and transportation industry is a powerhouse. The demand for energy resources continues to rise, driven by population growth, urbanization, and industrialization. As a result, the industry has experienced significant growth and is projected to continue on an upward trajectory. The expansion of global trade and the discovery of new oil and gas reserves further contribute to the industry's economic importance and potential for future development.
Recent trends and breakthroughs have shaped the oil and gas storage and transportation industry. Technological advancements have revolutionized exploration and production techniques, enabling the extraction of oil and gas from previously inaccessible reserves. However, the industry also faces challenges, such as the need for sustainable practices, environmental concerns, and the transition towards cleaner energy sources. These factors are driving innovation and pushing companies to adopt more efficient and environmentally friendly storage and transportation solutions.
The landscape of the oil and gas storage and transportation industry is constantly evolving. Geopolitical shifts, regulatory changes, and market dynamics influence the strategies and operations of companies within the sector. As a result, companies within the industry must navigate a complex and ever-changing landscape, adapting to emerging trends and technologies. In this article, we will explore the top companies in the oil and gas storage and transportation sub-industry, highlighting their achievements, strategies, and contributions to the global energy market.
Ranking
#25 Magellan Midstream Partners, L.P.
Employees: 2.2K
Revenue: 4.6B$
Website: https://www.magellanlp.com
Description: Magellan Midstream Partners, L.P. is a leading company in the Oil & Gas Storage & Transportation industry. Headquartered in Tulsa, United States, the company was founded in 2000. With a workforce of approximately 2.2 thousand employees, Magellan Midstream Partners, L.P. operates in North America. The company specializes in the storage and transportation of oil and gas products, providing essential infrastructure and logistics services to the energy industry. Magellan Midstream Partners, L.P. is known for its extensive pipeline network, terminals, and storage facilities, which play a crucial role in the reliable supply and distribution of energy products. With a revenue of 4.6 billion US dollars, the company has established itself as a key player in the industry, ensuring the efficient and safe movement of oil and gas throughout North America.
#24 Williams Companies, Inc.
Employees: 5.5K
Revenue: 7.8B$
Website: https://www.williams.com
Description: Williams Companies, Inc. is a leading energy company based in Tulsa, Oklahoma. Founded in 1908, the company specializes in Oil & Gas Storage & Transportation within the energy industry. With a workforce of approximately 5,500 employees, Williams operates a vast network of pipelines and infrastructure to transport and store oil and gas across North America. The company has a strong focus on safety and environmental stewardship, ensuring the reliable and efficient delivery of energy resources to meet the demands of various industries. Williams Companies, Inc. has achieved significant revenue growth, generating approximately 7.8 billion dollars in annual revenue.
#23 Korea Gas Corporation
Employees: 4K
Revenue: 10B$
Website: https://www.kogas.or.kr/eng/
Description: Korea Gas Corporation (KOGAS) is a South Korean company operating in the Oil & Gas Storage & Transportation industry. Headquartered in Seoul, South Korea, KOGAS was founded in 1983. With a workforce of approximately 4,000 employees, the company plays a crucial role in the energy sector. KOGAS specializes in the storage and transportation of oil and gas, contributing to the efficient and reliable supply of energy resources. As one of the leading players in the industry, KOGAS generates a revenue of around 10 billion dollars. Through its operations, KOGAS ensures the smooth distribution of energy resources, supporting the growth and development of various sectors reliant on oil and gas.
#22 Cheniere Energy, Inc.
Employees: 1.7K
Revenue: 10.5B$
Website: https://www.cheniere.com
Description: Cheniere Energy, Inc., based in Houston, United States, operates in the Oil & Gas Storage & Transportation industry. Since its founding in 1996, the company has become a leading provider of liquefied natural gas (LNG) and natural gas storage and transportation services. Cheniere Energy owns and operates the Sabine Pass LNG terminal in Louisiana, which has a total LNG production capacity of approximately 30 million tonnes per annum (Mtpa). Additionally, the company is developing the Corpus Christi LNG terminal in Texas, which is expected to have an LNG production capacity of 23 Mtpa. With a workforce of 1.7 thousand employees, Cheniere Energy generated revenue of 10.5 billion dollars in the latest fiscal year.
#21 Kinder Morgan, Inc.
Employees: 11K
Revenue: 11.5B$
Website: https://www.kindermorgan.com
Description: Kinder Morgan, Inc. is a leading company in the Oil & Gas Storage & Transportation industry. Headquartered in Houston, United States, the company operates primarily in North America. Founded in 1997, Kinder Morgan has established itself as a key player in the energy sector. With approximately 11,000 employees, the company plays a crucial role in the transportation and storage of oil and gas products. Kinder Morgan owns and operates an extensive network of pipelines and terminals, facilitating the safe and efficient movement of energy resources across the continent. In 2020, the company reported revenue of 11.5 billion U.S. dollars, reaffirming its position as a major revenue generator in the industry.
#20 ONEOK, Inc.
Employees: 2.5K
Revenue: 12.4B$
Website: https://www.oneok.com
Description: ONEOK, Inc. is a leading company in the Oil & Gas Storage & Transportation industry. Headquartered in Tulsa, United States, ONEOK operates primarily in North America. Founded in 1906, the company has a long-standing presence in the industry. With approximately 2.5 thousand employees, ONEOK plays a crucial role in the transportation and storage of oil and gas products. The company's operations include gathering, processing, storage, and transportation of natural gas liquids and natural gas. ONEOK's extensive network of pipelines and storage facilities ensures efficient and reliable delivery of energy products to customers across the region. With an annual revenue of 12.4 billion dollars, ONEOK is a key player in the energy sector, contributing significantly to the overall growth and development of the industry.
#19 TransCanada Corporation
Employees: 7.5K
Revenue: 13.2B$
Website: https://www.transcanada.com
Description: TransCanada Corporation, based in Calgary, Canada, is a leading company in the Oil & Gas Storage & Transportation industry. Founded in 1951, TransCanada operates a vast network of pipelines that transport natural gas, crude oil, and refined products across North America. With over 7,500 employees, the company plays a crucial role in ensuring the reliable and safe delivery of energy resources to consumers and markets. TransCanada's revenue reached 13.2 billion dollars in recent years, reflecting its significant presence in the industry. Through its extensive pipeline infrastructure, the company contributes to the energy sector's growth and supports the overall development of the energy industry in North America.
#18 ConocoPhillips
Employees: 10.4K
Revenue: 24.3B$
Website: https://www.conocophillips.com
Description: ConocoPhillips is a global energy company headquartered in Houston, United States. Founded in 1917, the company is engaged in the storage and transportation of oil and gas in the Energy industry. With a workforce of approximately 10.4 thousand employees, ConocoPhillips operates in North America and various other regions across the globe. The company's revenue for the latest fiscal year stands at 24.3 billion US dollars. ConocoPhillips is focused on delivering energy solutions and driving innovation in the oil and gas storage and transportation sector to meet the world's growing energy needs.
#17 Enbridge Inc.
Employees: 12K
Revenue: 32B$
Website: https://www.enbridge.com
Description: Enbridge Inc. is a leading company in the Oil & Gas Storage & Transportation industry. Headquartered in Calgary, Canada, Enbridge has been operating since 1949. With a workforce of approximately 12,000 employees, the company specializes in the safe and reliable transportation and storage of oil and gas resources. Enbridge owns and operates an extensive network of pipelines and storage facilities across North America, enabling the efficient distribution of energy products to various markets. The company's commitment to safety and environmental stewardship has made it a trusted partner in the energy sector. Enbridge generates significant revenue, with an annual income of around 32 billion dollars.
#16 Enterprise Products Partners L.P.
Employees: 9.5K
Revenue: 39.4B$
Website: https://www.enterpriseproducts.com
Description: Enterprise Products Partners L.P. is a leading company in the Oil & Gas Storage & Transportation industry. Headquartered in Houston, United States, the company has been operating since 1968. With a workforce of approximately 9.5 thousand employees, Enterprise Products Partners L.P. specializes in the storage and transportation of oil and gas products. The company has established an extensive network of pipelines, terminals, and storage facilities across North America, ensuring the efficient and reliable movement of energy products. With an impressive annual revenue of 39.4 billion dollars, Enterprise Products Partners L.P. plays a crucial role in supporting the energy sector by facilitating the transportation and storage of oil and gas resources.
#15 Plains All American Pipeline, L.P.
Employees: 5K
Revenue: 40B$
Website: https://www.plainsallamerican.com/
Description: Plains All American Pipeline, L.P. is a leading company in the Oil & Gas Storage & Transportation industry. Headquartered in Houston, United States, the company was founded in 1998. With a workforce of approximately 5,000 employees, Plains All American Pipeline operates a vast network of pipelines, terminals, and storage facilities across North America. The company plays a crucial role in transporting and storing crude oil, natural gas liquids, and refined products for producers, refiners, and other customers. Plains All American Pipeline is known for its commitment to safety, reliability, and environmental stewardship. With annual revenues of around 40 billion dollars, the company has established itself as a key player in the energy sector.
#14 Energy Transfer LP
Employees: 10K
Revenue: 56B$
Website: https://www.energytransfer.com
Description: Energy Transfer LP is a leading company in the Oil & Gas Storage & Transportation industry. Headquartered in Houston, United States, the company was founded in 1995. With a workforce of approximately 10,000 employees, Energy Transfer LP operates a vast network of pipelines, terminals, and storage facilities across North America. The company plays a critical role in the transportation and storage of oil and gas, facilitating the efficient movement of energy resources to meet the demands of various markets. Energy Transfer LP has a strong presence in the midstream sector and is actively involved in the gathering, processing, and transportation of natural gas and crude oil. With annual revenue of 56 billion dollars, Energy Transfer LP is a key player in the energy industry, contributing to the reliable and secure supply of energy resources.
#13 Eni S.p.A.
Employees: 33K
Revenue: 70B$
Website: https://www.eni.com
Description: Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome, Italy. Founded in 1953, Eni operates in the Oil & Gas Storage & Transportation industry. With approximately 33,000 employees, Eni is a leading player in this sector. The company generates an impressive revenue of 70 billion dollars. Eni is involved in the exploration, production, refining, and distribution of oil and gas products. They have a strong presence in Europe and Africa, with operations in over 70 countries worldwide. Eni is committed to sustainable development and has invested in renewable energy sources such as solar, wind, and biofuels. They continue to innovate and adapt to the changing energy landscape, ensuring a secure and sustainable energy future.
#12 Petr贸leo Brasileiro S.A. (Petrobras)
Employees: 50K
Revenue: 75B$
Website: https://petrobras.com.br/en/
Description: Petr贸leo Brasileiro S.A. (Petrobras), headquartered in Rio de Janeiro, Brazil, is a leading company in the Oil & Gas Storage & Transportation industry. Founded in 1953, Petrobras has established itself as a major player in the energy sector. With approximately 50,000 employees, the company operates an extensive network of oil and gas storage facilities and transportation infrastructure. Petrobras plays a crucial role in the exploration, production, refining, and distribution of petroleum and related products. The company's commitment to technological innovation and sustainable practices has allowed it to maintain a strong position in the industry. With a revenue of 75 billion dollars, Petrobras continues to contribute significantly to the energy sector in Brazil and beyond.
#11 Marathon Petroleum Corporation
Employees: 60K
Revenue: 85B$
Website: https://www.marathonpetroleum.com
Description: Marathon Petroleum Corporation, headquartered in Findlay, United States, is a major player in the Oil & Gas Storage & Transportation industry. With a history dating back to 1887, the company has established itself as a key player in the energy sector. Marathon Petroleum operates an extensive network of pipelines, terminals, and storage facilities, enabling the transportation and storage of oil and gas across North America. With approximately 60,000 employees, the company is committed to delivering reliable and efficient energy solutions to its customers. In recent years, Marathon Petroleum has reported annual revenues of around 85 billion dollars, solidifying its position as one of the largest companies in the industry.
#10 Valero Energy Corporation
Employees: 10K
Revenue: 100B$
Website: https://www.valero.com
Description: Valero Energy Corporation, headquartered in San Antonio, United States, is a leading player in the Oil & Gas Storage & Transportation industry. Founded in 1980, the company has established itself as a key player in the energy sector. With approximately 10,000 employees, Valero operates a vast network of oil and gas storage and transportation facilities. The company's expertise lies in efficiently storing and transporting these vital energy resources across North America. Valero's commitment to innovation, safety, and sustainability has contributed to its success in generating substantial revenue, estimated at 100 billion dollars. Valero Energy Corporation continues to be a major contributor to the growth and development of the Oil & Gas Storage & Transportation industry.
#9 Phillips 66
Employees: 14K
Revenue: 110B$
Website: https://www.phillips66.com
Description: Phillips 66 is a leading company in the Oil & Gas Storage & Transportation industry. With its headquarters in Houston, United States, the company operates in North America. Founded in 1917, Phillips 66 has a workforce of approximately 14,000 employees. The company generates impressive annual revenue of around 110 billion dollars. Phillips 66 is primarily engaged in the transportation, storage, and distribution of oil and gas products. They have an extensive network of pipelines, terminals, and storage facilities, allowing them to efficiently move and store petroleum and related products. With their strong presence in the industry, Phillips 66 plays a vital role in ensuring the smooth and reliable supply of energy resources.
#8 Gazprom PJSC
Employees: 450K
Revenue: 120B$
Website: https://www.gazprom.com/
Description: Gazprom PJSC is a leading company in the Oil & Gas Storage & Transportation industry. Headquartered in Moscow, Russia, Gazprom operates in the European continent. Founded in 1989, the company has grown to become a major player in the energy sector. With approximately 450,000 employees, Gazprom is involved in the storage and transportation of oil and gas resources. The company's activities include the exploration, production, and sale of natural gas, as well as the operation of pipelines and storage facilities. Gazprom generates significant revenue, with an estimated annual revenue of 120 billion dollars. With its extensive operations and strong market presence, Gazprom continues to be a key player in the global 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 company in the Oil & Gas Storage & Transportation industry. With a history dating back to 1879, Chevron has established itself as a major player in the energy sector. The company operates globally, engaging in the exploration, production, refining, and distribution of oil and gas products. Chevron's vast infrastructure includes storage facilities, pipelines, and terminals that enable efficient transportation of energy resources. With approximately 48,000 employees, Chevron is committed to delivering reliable and sustainable energy solutions to meet the world's growing demand.
#6 Total S.A.
Employees: 100K
Revenue: 209B$
Website: https://www.total.com/
Description: Total S.A. is a global leader in the Oil & Gas Storage & Transportation industry. Headquartered in Paris, France, Total operates across all aspects of the energy sector. With a history dating back to 1924, the company has established itself as one of the largest oil and gas companies in the world. Total's activities in the storage and transportation sector involve the management of an extensive network of pipelines, terminals, and storage facilities. The company plays a crucial role in the efficient and secure transportation of oil and gas products, ensuring a reliable supply to customers worldwide. With a workforce of approximately 100,000 employees, Total continues to innovate and invest in the development of sustainable and efficient energy solutions.
#5 Exxon Mobil Corporation
Employees: 70K
Revenue: 265B$
Website: https://corporate.exxonmobil.com/
Description: Exxon Mobil Corporation, headquartered in Irving, United States, is a leading player in the Oil & Gas Storage & Transportation industry. With a rich history dating back to 1870, Exxon Mobil has established itself as one of the largest publicly traded companies in the world. The company operates a vast network of storage and transportation infrastructure, enabling the efficient supply and distribution of oil and gas products globally. With approximately 70,000 employees, Exxon Mobil is committed to delivering reliable energy solutions while prioritizing safety and environmental sustainability. The company's annual revenue stands at a staggering 265 billion dollars, solidifying its position as a major influencer in the energy sector.
#4 BP Plc
Employees: 70K
Revenue: 280B$
Website: https://www.bp.com
Description: BP Plc, headquartered in London, United Kingdom, is a leading company in the Oil & Gas Storage & Transportation industry. With a history dating back to 1909, BP has established itself as a prominent player in the energy sector. The company operates globally, engaging in activities such as oil and gas exploration, production, refining, and marketing. BP's extensive network of storage facilities and transportation infrastructure enables efficient and reliable movement of oil and gas products across various regions. With approximately 70,000 employees, BP is dedicated to delivering energy solutions and meeting the world's growing demand for fuel and power. In recent years, the company has focused on transitioning to cleaner forms of energy and reducing its carbon footprint.
#3 Royal Dutch Shell Plc
Employees: 86K
Revenue: 311B$
Website: https://www.shell.com/
Description: Royal Dutch Shell Plc, headquartered in The Hague, Netherlands, is a major player in the Oil & Gas Storage & Transportation industry. Founded in 1907, the company has a rich history and extensive experience in the sector. With approximately 86,000 employees worldwide, Shell operates a vast network of storage and transportation facilities, enabling the efficient movement and distribution of oil and gas resources. The company's revenue stands at a staggering 311 billion dollars, highlighting its significant presence and influence in the energy industry. Shell's commitment to innovation and sustainability drives its operations, ensuring responsible and environmentally conscious practices in the storage and transportation of vital energy resources.
#2 PetroChina Company Limited
Employees: 1.5M
Revenue: 340B$
Website: https://www.petrochina.com.cn
Description: PetroChina Company Limited, headquartered in Beijing, China, is a leading player in the Oil & Gas Storage & Transportation industry in Asia. Founded in 1999, the company has established itself as a major force in the energy sector. With a workforce of approximately 1.5 million employees, PetroChina operates a vast network of oil and gas storage facilities and transportation infrastructure. The company's activities include the exploration, production, refining, and distribution of oil and gas products. PetroChina's impressive revenue of 340 billion US dollars reflects its significant presence in the global energy market.
#1 China Petroleum & Chemical Corporation (Sinopec)
Employees: 464K
Revenue: 433B$
Website: https://www.sinopecgroup.com/group/en/
Description: China Petroleum & Chemical Corporation (Sinopec) is a leading company in the Oil & Gas Storage & Transportation industry. Headquartered in Beijing, China, Sinopec operates in various sectors including exploration, production, refining, and marketing of petroleum and petrochemical products. The company has a vast network of pipelines, terminals, and storage facilities for transporting and storing oil and gas. Sinopec is known for its extensive refining and chemical operations, and it has a significant presence in the global energy market. With a workforce of over 460,000 employees, Sinopec is one of the largest oil and gas companies in the world. In 2020, the company reported a revenue of 433 billion US dollars, solidifying its position as a key player in the industry.
Summary
The top companies in the Oil & Gas Storage & Transportation sub-industry have been ranked based on their market capitalization, revenue, and growth rate. These companies have achieved significant accomplishments such as expanding their global presence, investing in sustainable energy solutions, and optimizing their operations to improve efficiency.
One unexpected finding is the increasing focus on renewable energy by some of the top companies in this sub-industry. This indicates a growing recognition of the need to transition to cleaner energy sources and reduce the environmental impact of the oil and gas sector.
Among the premier companies in the Oil & Gas Storage & Transportation sub-industry are Exxon Mobil Corporation, Royal Dutch Shell PLC, and Chevron Corporation. These companies have established themselves as leaders in the energy sector and have a strong presence in the storage and transportation of oil and gas.
One shared element among these leading firms is their commitment to technological advancements. They have invested in innovative solutions such as digitization, automation, and data analytics to streamline their operations and enhance safety measures. Additionally, these companies have implemented strict safety protocols to ensure the secure storage and transportation of oil and gas.
What sets these eminent companies apart from their industry rivals is their ability to adapt to changing market dynamics. They have diversified their portfolios to include renewable energy sources and have actively pursued partnerships and acquisitions to expand their reach. Moreover, these companies have demonstrated a strong focus on sustainability by investing in carbon capture technologies and reducing greenhouse gas emissions.