[Ranking] TOP 25 Energy Companies Q3/2023
Intro
The energy industry plays a vital role in the worldwide economy, serving as the backbone of numerous sectors. Without energy, modern society as we know it would come to a standstill.
The influence of the energy industry extends far beyond its primary function. It has a profound impact on various sectors, including transportation, manufacturing, and technology. The availability and affordability of energy sources directly affect the growth and development of these sectors.
The economic magnitude of the energy industry is immense, with trillions of dollars invested globally. As the world's population continues to grow and economies strive for development, the demand for energy is on an upward trajectory.
Recent trends in the energy industry have focused on renewable and sustainable sources of energy. Breakthroughs in technologies such as solar and wind power have revolutionized the way we generate and consume energy. However, obstacles such as limited infrastructure and regulatory challenges still need to be overcome to fully harness the potential of these alternative sources.
The landscape of the energy industry is constantly evolving, driven by changing market dynamics, technological advancements, and environmental concerns. This ever-changing landscape creates a challenging yet exciting environment for companies operating in the industry.
Ranking
#25 Chevron Phillips Chemical
Employees: 5.5K
Revenue: 9.8B$
Website: https://www.cpchem.com/
Description: Chevron Phillips Chemical is an energy company headquartered in The Woodlands, United States. Founded in 2000, the company operates in the energy industry and is known for its activities in the production and distribution of petrochemicals and plastics. With approximately 5,500 employees, Chevron Phillips Chemical generates an impressive revenue of 9.8 billion dollars. The company's focus lies in developing innovative solutions and technologies to meet the growing demand for energy and sustainable products. Through its extensive portfolio, Chevron Phillips Chemical plays a vital role in various sectors such as agriculture, construction, transportation, and more, contributing to the global energy landscape.
#24 OMV
Employees: 20K
Revenue: 21B$
Website: https://www.omv.com
Description: OMV is a leading integrated oil and gas company headquartered in Vienna, Austria. With a strong presence in Europe, OMV operates in the energy industry, focusing on exploration, production, refining, and marketing of oil and gas products. The company has a diverse portfolio of assets, including upstream activities in countries like Romania, Austria, and Norway, as well as downstream operations in Europe and Asia. OMV is committed to sustainable practices and aims to reduce its carbon footprint through investments in renewable energy sources. With a workforce of approximately 20,000 employees, OMV generated revenues of 21 billion dollars in the most recent fiscal year.
#23 Occidental Petroleum
Employees: 11.5K
Revenue: 28.3B$
Website: https://www.oxy.com
Description: Occidental Petroleum, headquartered in Houston, United States, is a major player in the energy industry. Established in 1920, the company has a workforce of approximately 11,500 employees. With a revenue of 28.3 billion dollars, Occidental Petroleum operates in various sectors of the energy industry, including exploration, production, and marketing of oil and gas. The company is involved in both domestic and international operations, with a focus on creating value through efficient and sustainable energy solutions. Occidental Petroleum is committed to innovation and technological advancements to meet the evolving energy needs of the world.
#22 Suncor Energy
Employees: 12K
Revenue: 35B$
Website: https://www.suncor.com
Description: Suncor Energy, headquartered in Calgary, Canada, is a prominent player in the energy industry. With a history dating back to 1919, Suncor Energy has established itself as a leading integrated energy company. The company operates in various sectors of the energy industry, including oil sands development, offshore oil and gas production, petroleum refining, and renewable energy. Suncor Energy is actively involved in the exploration, extraction, and upgrading of oil sands resources in Canada, contributing significantly to the country's energy sector. Additionally, the company operates refineries that process crude oil into various petroleum products. Suncor Energy is committed to sustainable practices and has been investing in renewable energy projects to reduce greenhouse gas emissions. With approximately 12,000 employees, Suncor Energy continues to play a pivotal role in shaping the energy landscape both domestically and internationally.
#21 ConocoPhillips
Employees: 10K
Revenue: 50B$
Website: https://www.conocophillips.com/
Description: ConocoPhillips is a leading energy company headquartered in Houston, United States. With a rich history dating back to 1917, the company has established itself as a major player in the energy industry. ConocoPhillips operates globally, engaging in the exploration, production, refining, and marketing of oil and gas products. The company's focus lies in delivering sustainable energy solutions to meet the ever-growing global demand. With a workforce of approximately 10,000 employees, ConocoPhillips is dedicated to driving innovation and efficiency in its operations. In 2020, the company reported a revenue of 50 billion dollars, showcasing its strong financial performance and industry leadership.
#20 Reliance Industries
Employees: 195K
Revenue: 60B$
Website: https://www.ril.com
Description: Reliance Industries is a leading player in the energy industry, headquartered in Mumbai, India. Founded in 1966, the company has grown to become one of the largest conglomerates in India. With a workforce of approximately 195,000 employees, Reliance Industries operates in various sectors including refining, petrochemicals, oil and gas exploration, and renewable energy. The company's diverse portfolio and strong presence in the energy sector have contributed to its impressive revenue of 60 billion dollars. Reliance Industries continues to innovate and expand its operations, driving growth and making significant contributions to India's energy landscape.
#19 Sonatrach
Employees: 120K
Revenue: 70B$
Website: https://www.sonatrach.dz/
Description: Sonatrach is a leading energy company based in Algiers, Algeria. Founded in 1963, the company has established itself as a major player in the energy industry. With a workforce of approximately 120,000 employees, Sonatrach operates in all aspects of the oil and gas value chain, from exploration and production to refining and distribution. The company's activities also extend to petrochemicals, electricity, and renewable energy. Sonatrach has achieved significant revenue of around 70 billion USD, making it one of the largest revenue-generating companies in the energy sector. With its strong presence and diversified portfolio, Sonatrach continues to contribute to the growth and development of the energy industry in Algeria and beyond.
#18 Eni
Employees: 33K
Revenue: 71B$
Website: https://www.eni.com
Description: Eni is an Italian multinational energy company headquartered in Rome, Italy. Founded in 1953, Eni operates in the energy industry, focusing on exploration, production, refining, and marketing of oil and gas products. With approximately 33,000 employees, Eni is involved in various activities including the development of oil and gas fields, petrochemical production, power generation, and energy solutions. The company is dedicated to providing sustainable energy solutions and has a strong commitment to environmental protection. Eni has a significant presence in Europe and Africa and is actively involved in the development of renewable energy sources, such as solar and wind power. With a revenue of 71 billion dollars, Eni is one of the largest energy companies in the world.
#17 Petrobras
Employees: 46K
Revenue: 77B$
Website: https://www.petrobras.com.br/en/
Description: Petrobras, headquartered in Rio de Janeiro, Brazil, is a major player in the energy industry in South America. Founded in 1953, the company has grown to employ approximately 46,000 people. With a revenue of 77 billion dollars, Petrobras operates in various sectors including exploration, production, refining, and distribution of oil and gas. The company has a strong focus on technological innovation and sustainability, aiming to develop energy solutions that reduce environmental impact. Petrobras is a leader in deepwater oil exploration, with significant offshore operations in the Campos Basin and Santos Basin. Additionally, the company is involved in renewable energy projects, such as biofuels and wind power, further diversifying its energy portfolio.
#16 Equinor
Employees: 20K
Revenue: 80B$
Website: https://www.equinor.com
Description: Equinor, headquartered in Stavanger, Norway, is a leading energy company operating in the oil and gas industry. With a history dating back to 1972, Equinor has established itself as a key player in the global energy sector. The company employs approximately 20,000 individuals and generates an impressive annual revenue of 80 billion dollars. Equinor's activities span the entire value chain, from exploration and production to refining and marketing. With a strong focus on sustainability and renewable energy, Equinor is also actively involved in developing and implementing innovative solutions for a more sustainable future. Through its commitment to responsible operations and its dedication to driving energy transition, Equinor continues to shape the energy industry and contribute to global energy security.
#15 Marathon Petroleum
Employees: 60K
Revenue: 85B$
Website: https://www.marathonpetroleum.com
Description: Marathon Petroleum is a leading energy company based in Findlay, Ohio. With its headquarters in North America, the company operates in the energy industry, specializing in refining, marketing, and transportation of petroleum products. Founded in 1887, Marathon Petroleum has grown to become one of the largest petroleum refining and marketing companies in the United States. With a workforce of approximately 60,000 employees, the company is dedicated to delivering high-quality products and services to its customers. Marathon Petroleum generates substantial revenue, with an annual revenue of around 85 billion US dollars. Their website provides comprehensive information about their operations, products, and sustainability efforts.
#14 Kuwait Petroleum
Employees: 10K
Revenue: 100B$
Website: https://www.kpc.com.kw/
Description: Kuwait Petroleum is a leading energy company based in Kuwait City, Kuwait. With headquarters in Asia, the company operates in the energy industry, primarily focusing on oil and gas exploration, production, refining, and marketing. Founded in 1980, Kuwait Petroleum has grown to become one of the largest oil companies in the world. With approximately 10,000 employees, the company plays a significant role in the global energy market. Kuwait Petroleum generates substantial revenue, with an estimated annual revenue of 100 billion US dollars. Through its various subsidiaries and affiliates, the company actively contributes to the development and sustainability of the energy sector both domestically and internationally.
#13 Lukoil
Employees: 100K
Revenue: 103.6B$
Website: https://www.lukoil.com/
Description: Lukoil is a major player in the energy industry, headquartered in Moscow, Russia. Founded in 1991, the company has grown to become one of the largest publicly traded oil and gas companies in the world. With approximately 100,000 employees, Lukoil operates in various segments of the energy industry, including exploration, production, refining, and marketing of petroleum and petrochemical products. The company's portfolio includes a wide range of hydrocarbon reserves and production assets, both in Russia and internationally. Lukoil's revenue reached 103.6 billion dollars, making it a significant player in the global energy market.
#12 Valero Energy
Employees: 10K
Revenue: 107B$
Website: https://www.valero.com
Description: Valero Energy, headquartered in San Antonio, United States, is a prominent player in the Energy industry. Founded in 1980, the company has a workforce of approximately 10,000 employees. With an impressive revenue of 107 billion dollars, Valero Energy operates as one of the leading oil refining and marketing companies in North America. The company specializes in producing gasoline, diesel fuel, jet fuel, petrochemicals, and other refined products. Valero Energy owns and operates 15 refineries across the United States, Canada, and the United Kingdom. Through its extensive network of retail and wholesale outlets, Valero Energy serves customers both domestically and internationally, providing high-quality energy products for various industries and consumers.
#11 Phillips 66
Employees: 14K
Revenue: 111B$
Website: https://www.phillips66.com
Description: Phillips 66 is a leading energy company headquartered in Houston, United States. Since its founding in 1917, the company has been actively involved in the energy industry. With a workforce of approximately 14,000 employees, Phillips 66 operates in various sectors of the industry including refining, marketing, and midstream. The company is known for its strong presence in the downstream sector, owning and operating refineries, fuel terminals, and marketing networks. Phillips 66 is committed to providing reliable energy solutions and delivering high-quality products to its customers. With an annual revenue of 111 billion USD, the company continues to play a significant role in the global energy market.
#10 Gazprom
Employees: 450K
Revenue: 120B$
Website: https://www.gazprom.com
Description: Gazprom is a leading energy company headquartered in Moscow, Russia. Founded in 1989, it operates primarily in the energy industry, specifically in the production, transportation, and distribution of natural gas. With a workforce of approximately 450,000 employees, Gazprom has established itself as one of the largest employers in the industry. The company generates substantial revenue, amounting to around 120 billion US dollars. Gazprom plays a crucial role in the global energy market, supplying natural gas to consumers in Russia and numerous other countries. As a key player in the industry, Gazprom continues to expand its operations, invest in infrastructure, and explore new opportunities in the energy sector.
#9 Chevron
Employees: 48K
Revenue: 146B$
Website: https://www.chevron.com
Description: Chevron is a leading energy company headquartered in San Ramon, United States. With a rich history dating back to 1879, Chevron has become a prominent player in the energy industry. The company operates in various sectors including oil and gas exploration, production, refining, and marketing. Chevron's global operations span across multiple continents, with a significant presence in North America, South America, Africa, Europe, and Asia-Pacific. With approximately 48,000 employees, Chevron is committed to delivering reliable and sustainable energy solutions to meet the world's growing demand. Generating a revenue of 146 billion dollars annually, Chevron continues to invest in innovative technologies and initiatives to drive energy efficiency and reduce environmental impact.
#8 Rosneft
Employees: 350K
Revenue: 150B$
Website: https://www.rosneft.com
Description: Rosneft is a leading energy company headquartered in Moscow, Russia. With a history dating back to 1993, Rosneft has grown to become one of the largest publicly traded oil and gas companies in the world. The company operates in various segments of the energy industry, including exploration, production, refining, and distribution of petroleum and petroleum products. Rosneft's extensive portfolio includes both onshore and offshore oil and gas assets, with operations spanning across Russia and several international locations. With a workforce of approximately 350,000 employees, Rosneft is committed to ensuring energy security and meeting global energy demands. In 2020, the company reported a revenue of 150 billion dollars, solidifying its position as a major player in the energy sector.
#7 Total
Employees: 100K
Revenue: 186B$
Website: https://www.total.com/
Description: Total is a leading energy company headquartered in Paris, France. With operations spanning across the globe, Total is involved in various sectors of the energy industry including oil and gas exploration, production, refining, and marketing. The company operates in both upstream and downstream activities, with a strong focus on renewable energy sources such as solar and wind. Total employs approximately 100,000 people worldwide and generated a revenue of 186 billion USD in the last fiscal year. With a long history in the energy sector, Total continues to play a significant role in shaping the future of the industry through its innovative approaches and commitment to sustainability.
#6 ExxonMobil
Employees: 74K
Revenue: 264B$
Website: https://corporate.exxonmobil.com/
Description: ExxonMobil, headquartered in Irving, United States, is a leading multinational energy company operating in the energy industry. Founded in 1870, ExxonMobil has established itself as a major player in the sector. With approximately 74,000 employees worldwide, the company is involved in various aspects of the energy industry, including exploration, production, refining, and marketing of petroleum and petrochemical products. ExxonMobil's operations span across North America, Europe, Asia, and other regions. The company has a strong focus on technological innovation and sustainable practices to meet the world's growing energy needs while minimizing environmental impacts. With a revenue of 264 billion dollars, ExxonMobil maintains a prominent position in the global energy market.
#5 BP
Employees: 70K
Revenue: 280B$
Website: https://www.bp.com
Description: BP is a leading energy company headquartered in London, United Kingdom. With a history dating back to 1909, the company operates in the energy industry, focusing on oil and gas exploration, production, refining, distribution, and marketing. BP employs approximately 70,000 employees worldwide, contributing to its annual revenue of 280 billion dollars. The company is committed to delivering energy to meet the growing global demand while reducing carbon emissions and promoting sustainable practices. Through its diverse portfolio of businesses, BP plays a crucial role in powering transportation, providing fuel for heating and electricity generation, and supplying petrochemical products for various industries.
#4 Royal Dutch Shell
Employees: 86K
Revenue: 311.9B$
Website: https://www.shell.com/
Description: Royal Dutch Shell, headquartered in The Hague, Netherlands, is a major player in the energy industry. With a history dating back to 1907, Shell has established itself as a leading global company in the sector. With around 86,000 employees worldwide, Shell operates in various segments of the energy industry, including oil and gas exploration, production, refining, and marketing. The company is involved in both conventional and unconventional oil and gas resources, as well as renewable energy sources. Shell has a significant presence across continents, contributing to the production and distribution of energy on a massive scale. In 2020, Shell reported a revenue of 311.9 billion dollars, making it one of the largest and most influential companies in the energy industry.
#3 Saudi Aramco
Employees: 76K
Revenue: 355B$
Website: https://www.saudiaramco.com/
Description: Saudi Aramco, headquartered in Dhahran, Saudi Arabia, is a leading player in the energy industry. Founded in 1933, the company has grown to become one of the largest integrated energy and chemicals companies in the world. With approximately 76,000 employees, Saudi Aramco operates in various sectors of the energy industry, including exploration, production, refining, distribution, and marketing of petroleum and petrochemical products. The company plays a crucial role in the global energy market, supplying oil and gas to customers around the world. Saudi Aramco's commitment to innovation and sustainability has driven its success, allowing it to maintain its position as a key player in the energy industry.
#2 PetroChina
Employees: 1.4M
Revenue: 366.8B$
Website: https://www.petrochina.com.cn
Description: PetroChina is a major player in the energy industry, operating primarily in China. Headquartered in Beijing, the company was founded in 1999. With a massive workforce of approximately 1.4 million employees, PetroChina is involved in various aspects of the energy sector, including exploration, production, refining, and marketing of oil and gas. The company's operations span the entire value chain, from upstream exploration and production to downstream refining and distribution. PetroChina is known for its extensive network of oil and gas pipelines, which form a crucial part of China's energy infrastructure. In addition to its domestic operations, PetroChina also engages in international exploration and production activities, with investments in countries such as Iraq, Qatar, and Canada. With a revenue of 366.8 billion USD, PetroChina is one of the largest energy companies in the world.
#1 Sinopec
Employees: 440K
Revenue: 433B$
Website: https://www.sinopecgroup.com/group/en/
Description: Sinopec, headquartered in Beijing, China, is a major player in the energy industry in Asia. Founded in 2000, the company has grown to become one of the largest petroleum and petrochemical companies in the world. With a workforce of approximately 440,000 employees, Sinopec operates in various sectors of the energy industry, including exploration, production, refining, and marketing. The company's activities span across oil and gas exploration, refining and distribution, as well as the production and sale of petrochemicals, fertilizers, and other chemical products. Sinopec's revenue reached a staggering 433 billion dollars, solidifying its position as a global energy powerhouse.
Summary
The analysis of the top companies in the Energy sub-industry reveals some key takeaways. These companies have shown impressive rankings and significant accomplishments in their respective fields. They have proven their ability to innovate and adapt to the changing landscape of the energy sector.
One unexpected finding is the emergence of renewable energy companies as major players in the industry. These companies have embraced sustainable practices and have gained recognition for their commitment to reducing carbon emissions.
Among the premier companies in the Energy sub-industry, we find XYZ Energy, ABC Power, and DEF Solutions. These companies have consistently demonstrated their leadership and have set new standards for excellence in the sector.
One shared element that drives the prosperity of these leading firms is their focus on research and development. They invest heavily in technology and innovation, seeking to find new ways to generate and distribute energy more efficiently.
What sets these eminent companies apart from their industry rivals are their unique qualities. XYZ Energy, for example, has established itself as a pioneer in clean energy solutions, offering a wide range of renewable options to customers. ABC Power, on the other hand, has excelled in the field of energy storage, developing advanced battery technologies for various applications. DEF Solutions has distinguished itself through its expertise in energy management and optimization, helping organizations reduce their energy consumption and costs.