[Ranking] TOP 24 Energy Equipment & Services / Utilities Companies Q3/2023
Intro
The Energy Equipment & Services industry plays a vital role in the worldwide economy, providing essential products and services to support the operation and maintenance of utilities.
With its profound influence, this industry has far-reaching effects that extend beyond the utilities sector. Its innovations and advancements have a ripple effect across diverse industries, including oil and gas, renewable energy, and telecommunications.
The economic magnitude of the Energy Equipment & Services industry is substantial, with a promising upward trajectory. As the demand for energy continues to rise, companies within this sector are experiencing significant growth and expansion.
Recent trends and breakthroughs are shaping the Energy Equipment & Services industry. The industry is witnessing a shift towards cleaner and more sustainable energy sources, leading to the development of innovative technologies and solutions. However, obstacles such as regulatory challenges and environmental concerns also pose significant challenges.
The landscape of the Energy Equipment & Services industry is constantly evolving. As new technologies emerge and market dynamics change, companies within this sector must adapt and navigate the shifting landscape to stay competitive. Exploring the leading companies in this industry provides valuable insights into the trends and developments shaping the future.
Ranking
#24 Diamondback Energy, Inc.
Employees: 0.5K
Revenue: 2.3B$
Website: https://www.diamondbackenergy.com
Description: Diamondback Energy, Inc. is a leading player in the Energy Equipment & Services industry. Headquartered in Midland, United States, the company was founded in 2007. With approximately 500 employees, Diamondback Energy focuses on exploration, development, and production of oil and natural gas reserves in the Permian Basin. The company has achieved significant growth and success in the industry, generating a revenue of 2.3 billion dollars. Diamondback Energy operates with a strong commitment to environmental stewardship and sustainable energy practices, ensuring responsible operations and minimizing its ecological footprint. Through its innovative approaches and advanced technologies, Diamondback Energy continues to contribute to the development of the energy sector.
#23 Transocean Ltd.
Employees: 4.5K
Revenue: 2.5B$
Website: https://www.deepwater.com
Description: Transocean Ltd. is a leading provider of offshore contract drilling services for energy companies worldwide. Headquartered in Zug, Switzerland, the company operates in the Energy Equipment & Services industry. With a history dating back to 1973, Transocean has established itself as a trusted and reliable partner for offshore drilling operations. The company employs approximately 4.5 thousand professionals globally, who contribute to its mission of delivering safe, efficient, and cost-effective drilling solutions. Transocean's revenue reached 2.5 billion dollars, showcasing its strong financial performance in the industry. Through its advanced fleet of drilling rigs, Transocean plays a vital role in enabling exploration and production activities in the oil and gas sector, supporting the energy needs of the world.
#22 Cheniere Energy, Inc.
Employees: 1.5K
Revenue: 4.1B$
Website: https://www.cheniere.com
Description: Cheniere Energy, Inc. is a leading energy company operating in the Energy Equipment & Services industry. Headquartered in Houston, United States, Cheniere Energy was founded in 1983. With a workforce of approximately 1.5K employees, the company generates a revenue of 4.1 billion dollars. Cheniere Energy specializes in the development, construction, and operation of liquefied natural gas (LNG) facilities, as well as the export and marketing of LNG. The company is known for its strategic partnerships and innovative approach in the LNG market, aiming to establish a global presence and contribute to the transition towards cleaner energy sources.
#21 Hess Corporation
Employees: 1.6K
Revenue: 4.5B$
Website: https://www.hess.com
Description: Hess Corporation, headquartered in New York, United States, is a leading energy company operating in the Energy Equipment & Services industry. Founded in 1919, Hess specializes in the exploration, production, refining, and distribution of oil and natural gas. With approximately 1.6 thousand employees, the company generates a revenue of 4.5 billion dollars. Hess Corporation is committed to providing reliable and sustainable energy solutions, leveraging its expertise and advanced technologies to meet the growing global demand for energy. Through its strategic investments and operations, Hess continues to play a significant role in shaping the future of the energy industry.
#20 TC Energy Corporation
Employees: 7.5K
Revenue: 4.6B$
Website: https://www.tcenergy.com
Description: TC Energy Corporation, headquartered in Calgary, Canada, operates in the Energy Equipment & Services industry. Founded in 1951, the company has grown to employ approximately 7.5 thousand employees. With a revenue of 4.6 billion dollars, TC Energy is a leading player in the Utilities sector. The company is primarily engaged in the development and operation of energy infrastructure, including pipelines and power generation facilities. Through its extensive network of pipelines and related assets, TC Energy plays a crucial role in transporting natural gas, crude oil, and other energy products across North America. With a commitment to sustainability and safety, TC Energy continues to contribute to the growth and reliability of the energy sector.
#19 ONEOK, Inc.
Employees: 2K
Revenue: 5B$
Website: https://www.oneok.com
Description: ONEOK, Inc. is a leading energy company operating in the Energy Equipment & Services industry. Headquartered in Tulsa, United States, ONEOK was founded in 1906. With a workforce of approximately 2,000 employees, the company plays a vital role in the utilities sector. ONEOK generates a revenue of 5 billion dollars, making it a significant player in the industry. The company is dedicated to providing reliable energy solutions and has established itself as a trusted name in the sector. For more information about ONEOK and its services, visit their website at https://www.oneok.com.
#18 Apache Corporation
Employees: 3K
Revenue: 5B$
Website: https://www.apachecorp.com
Description: Apache Corporation is a leading energy equipment and services company in the Utilities industry. Headquartered in Houston, Texas, United States, Apache has been in operation since 1954. With a workforce of approximately 3,000 employees, the company is dedicated to exploring, developing, and producing oil and natural gas resources. Apache operates globally, with a portfolio of onshore and offshore assets. The company's activities in the Energy Equipment & Services sector include drilling, completions, production, and midstream operations. Apache Corporation has established itself as a key player in the industry, contributing significantly to the energy sector's growth and sustainability.
#17 Williams Companies, Inc.
Employees: 5.5K
Revenue: 7.9B$
Website: https://www.williams.com
Description: The Williams Companies, Inc., headquartered in Tulsa, United States, is a leading player in the Energy Equipment & Services industry. With a rich history dating back to its establishment in 1908, Williams Companies operates in the Utilities sector. The company has approximately 5.5 thousand employees, who contribute to its annual revenue of 7.9 billion dollars. Williams Companies is renowned for its expertise in providing essential energy infrastructure and services, ensuring the reliable delivery of natural gas and related products to customers across North America. Through its strategic investments and operations, Williams Companies plays a crucial role in supporting the energy needs of communities and businesses.
#16 National Oilwell Varco, Inc.
Employees: 36K
Revenue: 8.5B$
Website: https://www.nov.com
Description: National Oilwell Varco, Inc. is a leading provider of equipment and services to the energy industry. With headquarters in Houston, Texas, it operates primarily in North America and provides a wide range of products and services to the energy equipment and services industry. Founded in 1841, National Oilwell Varco has a long history in the industry and has grown to become a major player in the market. The company employs approximately 36,000 employees worldwide and generates annual revenue of around 8.5 billion dollars. National Oilwell Varco's products and services include drilling equipment, rig systems, wellbore technologies, and production equipment, among others.
#15 Pioneer Natural Resources Company
Employees: 2.1K
Revenue: 8.6B$
Website: https://www.pxd.com
Description: Pioneer Natural Resources Company, headquartered in Irving, United States, is a leading player in the Energy Equipment & Services industry. Founded in 1997, the company has a workforce of approximately 2.1 thousand employees. With a revenue of 8.6 billion dollars, Pioneer Natural Resources Company operates in the Utilities sector, focusing on the exploration, production, and development of oil and gas resources. Through its strategic initiatives and innovative approaches, the company has established a strong presence in the industry, contributing significantly to the energy sector's growth and development.
#14 Kinder Morgan, Inc.
Employees: 11K
Revenue: 10.5B$
Website: https://www.kindermorgan.com
Description: Kinder Morgan, Inc. is a leading company in the Energy Equipment & Services industry. Headquartered in Houston, United States, it operates primarily in North America. Founded in 1997, the company has a workforce of approximately 11,000 employees. With a revenue of 10.5 billion dollars, Kinder Morgan engages in the transportation and storage of energy products such as natural gas, crude oil, refined petroleum products, and carbon dioxide. Through its extensive network of pipelines and terminals, the company plays a vital role in the energy infrastructure, ensuring the reliable delivery of these resources to customers across the continent.
#13 EOG Resources, Inc.
Employees: 2.7K
Revenue: 11.2B$
Website: https://www.eogresources.com
Description: EOG Resources, Inc. is a leading energy company operating in the Energy Equipment & Services industry. Headquartered in Houston, United States, EOG Resources focuses on the exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids. Founded in 1985, the company has grown to have approximately 2.7 thousand employees. With a revenue of 11.2 billion dollars, EOG Resources is recognized as a major player in the industry, contributing to the supply and distribution of energy resources globally.
#12 TechnipFMC Plc
Employees: 37K
Revenue: 13.5B$
Website: https://www.technipfmc.com
Description: TechnipFMC Plc is a leading global provider of technology, systems, and services for the energy industry. Headquartered in London, United Kingdom, the company operates in the Energy Equipment & Services industry. TechnipFMC offers a wide range of solutions for the oil and gas industry, including subsea systems, surface technologies, and onshore/offshore services. With a workforce of approximately 37,000 employees worldwide, the company is dedicated to delivering innovative and sustainable solutions to its clients. In 2017, TechnipFMC was formed through the merger of Technip S.A. and FMC Technologies, bringing together their expertise and capabilities to create a comprehensive offering for the energy sector. With annual revenues of 13.5 billion dollars, TechnipFMC continues to play a vital role in the utilities industry, supporting the exploration, production, and processing of oil and gas resources.
#11 Occidental Petroleum Corporation
Employees: 11K
Revenue: 20B$
Website: https://www.oxy.com
Description: Occidental Petroleum Corporation is a leading company in the Energy Equipment & Services industry. Headquartered in Houston, United States, the company was founded in 1920. With approximately 11,000 employees, Occidental Petroleum Corporation operates in various sectors of the energy industry, including oil and gas exploration and production, refining, and chemicals. The company is known for its expertise in enhanced oil recovery techniques and has a strong presence in North America, the Middle East, and Latin America. Occidental Petroleum Corporation has achieved significant revenue growth, with annual revenues reaching 20 billion dollars. Through its innovative solutions and commitment to sustainability, the company plays a vital role in meeting the world's energy demands.
#10 Halliburton Company
Employees: 40K
Revenue: 22B$
Website: https://www.halliburton.com
Description: Halliburton Company, headquartered in Houston, United States, is a leading Energy Equipment & Services company in the Utilities industry. Founded in 1919, Halliburton has a workforce of approximately 40,000 employees. The company generates annual revenue of around 22 billion US dollars. Halliburton specializes in providing a wide range of services and solutions to the energy sector, including exploration, production, and refining of oil and gas. With a strong presence in North America and a global reach, Halliburton plays a key role in the energy industry, offering innovative technologies, equipment, and expertise to support the efficient and sustainable extraction and utilization of energy resources.
#9 Baker Hughes Company
Employees: 70K
Revenue: 23B$
Website: https://www.bakerhughes.com
Description: Baker Hughes Company, headquartered in Houston, United States, is a leading energy technology company operating in the Energy Equipment & Services industry. With a rich history dating back to 1987, Baker Hughes has grown to become a global leader in providing cutting-edge technology, services, and digital solutions to the energy industry. The company employs approximately 70,000 dedicated professionals worldwide who are committed to delivering innovative solutions that help customers optimize operations, improve efficiency, and reduce environmental impact. Baker Hughes generates an impressive annual revenue of 23 billion dollars, solidifying its position as a key player in the utilities sector.
#8 ConocoPhillips
Employees: 10K
Revenue: 30B$
Website: https://www.conocophillips.com
Description: ConocoPhillips is a leading energy company operating in the Energy Equipment & Services industry. Headquartered in Houston, United States, the company was founded in 1917. With a workforce of approximately 10,000 employees, ConocoPhillips is committed to providing efficient and reliable energy solutions. The company generates a revenue of around 30 billion dollars, contributing significantly to the growth and development of the Utilities sector. Through its operations, ConocoPhillips plays a vital role in the exploration, production, and distribution of energy resources, ensuring a sustainable and secure energy future for communities worldwide.
#7 Enbridge Inc.
Employees: 12K
Revenue: 32B$
Website: https://www.enbridge.com
Description: Enbridge Inc., headquartered in Calgary, Canada, is a leading company in the Energy Equipment & Services industry. Founded in 1949, Enbridge operates in the Utilities sector and is focused on the transportation, distribution, and generation of energy across North America. With approximately 12,000 employees, Enbridge is committed to delivering safe, reliable, and sustainable energy to its customers. The company plays a vital role in the energy value chain by operating crude oil and liquids pipelines, natural gas transmission and storage systems, and renewable energy assets. Enbridge's revenue in 2020 reached 32 billion dollars, making it one of the largest companies in the industry.
#6 Schlumberger Limited
Employees: 100K
Revenue: 32B$
Website: https://www.slb.com
Description: Schlumberger Limited is a leading company in the Energy Equipment & Services industry. Headquartered in Houston, United States, the company was founded in 1926. With approximately 100,000 employees worldwide, Schlumberger provides a wide range of technology, integrated project management, and information solutions to the oil and gas industry. The company offers services such as drilling, reservoir characterization, production, and processing. Schlumberger operates in various regions across the globe, including North America, Europe, Asia, and the Middle East. In 2020, the company reported a revenue of 32 billion dollars, solidifying its position as a key player in the energy sector.
#5 Marathon Petroleum Corporation
Employees: 60K
Revenue: 96B$
Website: https://www.marathonpetroleum.com
Description: Marathon Petroleum Corporation, headquartered in Findlay, United States, is a leading player in the Energy Equipment & Services industry. Founded in 1887, the company has a workforce of approximately 60,000 employees. With a revenue of 96 billion USD, Marathon Petroleum Corporation is a major contributor to the Utilities sector. The company operates in various aspects of the energy industry, including refining, marketing, and transporting petroleum products. Marathon Petroleum Corporation's commitment to innovation and sustainability has made it a prominent player in the global energy market.
#4 Valero Energy Corporation
Employees: 10K
Revenue: 100B$
Website: https://www.valero.com
Description: Valero Energy Corporation is a leading company in the Energy Equipment & Services industry. Headquartered in San Antonio, Texas, Valero operates primarily in North America. The company was founded in 1980 and has grown to employ approximately 10,000 employees. Valero generates significant revenue, with an estimated annual revenue of 100 billion US dollars. Valero is engaged in the refining and marketing of petroleum products, including gasoline, diesel fuel, jet fuel, asphalt, petrochemicals, and more. With a strong presence in the energy sector, Valero plays a crucial role in providing essential energy products and services to consumers and industries across North America.
#3 Phillips 66
Employees: 14K
Revenue: 111.5B$
Website: https://www.phillips66.com
Description: Phillips 66 is a leading energy company headquartered in Houston, United States. Founded in 1917, the company operates in the Energy Equipment & Services industry. With approximately 14,000 employees, Phillips 66 generates an impressive revenue of 111.5 billion dollars. They are actively involved in various aspects of the energy sector, including refining, marketing, and transportation of fuels and other petroleum-based products. The company is dedicated to delivering high-quality products and services to meet the growing energy demands of customers worldwide. Phillips 66 continues to innovate and invest in sustainable energy solutions to drive the future of the industry.
#2 Chevron Corporation
Employees: 48K
Revenue: 146B$
Website: https://www.chevron.com
Description: Chevron Corporation, headquartered in San Ramon, United States, is a leading global energy company operating in the Energy Equipment & Services industry. With a history dating back to 1879, Chevron has established itself as a key player in the sector. The company employs approximately 48,000 individuals worldwide, contributing to its annual revenue of 146 billion dollars. Chevron is engaged in a wide range of activities within the industry, including exploration, production, refining, and marketing of energy products. Through its subsidiaries, Chevron provides energy services and solutions to meet the growing global demand for reliable and sustainable energy sources.
#1 Exxon Mobil Corporation
Employees: 75K
Revenue: 265B$
Website: https://corporate.exxonmobil.com/
Description: Exxon Mobil Corporation, headquartered in Irving, United States, is a leading player in the Energy Equipment & Services industry. With a history dating back to 1870, the company has established itself as a major force in the sector. Exxon Mobil operates globally and is involved in the exploration, production, refining, and distribution of oil and gas products. The company has a workforce of approximately 75,000 employees and generates significant annual revenue of 265 billion dollars. With its strong presence and extensive operations, Exxon Mobil Corporation continues to shape the energy industry and contribute to the global economy.
Summary
The analysis of the Energy Equipment & Services sub-industry in the Utilities sector reveals some interesting findings. The top companies in this sub-industry have achieved remarkable rankings and significant accomplishments.
One unexpected finding is the increasing focus on renewable energy solutions within the Energy Equipment & Services sector. Many companies have shifted their focus to develop and provide equipment and services for renewable energy sources, such as wind and solar power.
Among the premier companies in this sector are Company A, Company B, and Company C. These companies have consistently demonstrated their expertise and innovation in providing energy equipment and services.
One shared element among these leading firms is their commitment to research and development. They invest heavily in developing cutting-edge technologies and solutions to meet the evolving needs of the energy industry.
What sets these eminent companies apart from their industry rivals is their ability to adapt to changing market dynamics. They have successfully diversified their product and service offerings to cater to both traditional energy sources and the growing demand for renewable energy solutions.