[Ranking] TOP 25 Midstream / Utilities Companies Q3/2023
Intro
The Midstream industry plays a crucial role in the worldwide economy, serving as the vital link between the upstream and downstream sectors of the energy value chain. This sub-industry of Utilities focuses on the transportation, storage, and wholesale marketing of oil, natural gas, and other energy products.
With its profound influence, the Midstream sector has far-reaching ripple effects across diverse sectors such as manufacturing, transportation, and power generation. The reliable and efficient movement of energy products facilitated by Midstream companies ensures a steady supply of fuel for industries around the globe.
The economic magnitude of the Midstream industry is substantial, and it continues to experience an upward trajectory. As the demand for energy increases worldwide, Midstream companies play a crucial role in facilitating the transportation and distribution of energy resources to meet this growing demand.
The Midstream industry is currently shaped by several trends, breakthroughs, and obstacles. These include the rise of renewable energy sources and the corresponding need for infrastructure to transport and store renewable fuels. Additionally, the development of new technologies, such as advanced pipeline monitoring systems and automation, is enhancing the safety and efficiency of Midstream operations.
The landscape of the Midstream industry is ever-changing, driven by evolving energy markets, technological advancements, and regulatory frameworks. Exploring the leading companies within this dynamic landscape provides valuable insights into the state of the industry and its future prospects.
Ranking
#25 Williams Companies, Inc.
Employees: 3K
Revenue: 2.5B$
Website: https://www.williams.com
Description: Williams Companies, Inc. is a leading player in the Midstream industry, operating primarily in North America. Headquartered in Tulsa, United States, the company was founded in 1908. With a workforce of approximately 3,000 employees, Williams Companies, Inc. focuses on the transportation and processing of natural gas and petroleum products. The company's Midstream activities involve the gathering, processing, and storage of energy commodities, as well as the operation of pipelines and related infrastructure. Williams Companies, Inc. plays a crucial role in the Utilities sector, ensuring the efficient and reliable delivery of energy resources to customers across North America. With annual revenues amounting to 2.5 billion dollars, the company continues to be a key player in the Midstream industry.
#24 ONEOK, Inc.
Employees: 2K
Revenue: 3.5B$
Website: https://www.oneok.com
Description: ONEOK, Inc. is a leading company in the Midstream industry, operating primarily in North America. Headquartered in Tulsa, Oklahoma, the company was founded in 1906. With around 2,000 employees, ONEOK focuses on the gathering, processing, storage, and transportation of natural gas and natural gas liquids. They own and operate a vast network of pipelines and processing facilities, strategically located to serve producers and consumers in key regions. ONEOK plays a crucial role in the energy value chain, ensuring the safe and efficient delivery of natural gas and related products to various markets. Their annual revenue is approximately 3.5 billion dollars, reflecting their strong presence and success in the Midstream sector.
#23 Magellan Midstream Partners, L.P.
Employees: 1.1K
Revenue: 5.8B$
Website: https://www.magellanlp.com
Description: Magellan Midstream Partners, L.P. is a leading midstream energy company based in Tulsa, United States. Founded in 2000, the company operates primarily in North America and is engaged in the transportation, storage, and distribution of refined petroleum products and crude oil. With approximately 1.1 thousand employees, Magellan Midstream Partners plays a crucial role in the Utilities industry by providing essential infrastructure and logistics services to support the energy supply chain. The company's revenue reached 5.8 billion dollars, demonstrating its significant presence and success in the midstream sector.
#22 Chevron Phillips Chemical Company LLC
Employees: 6K
Revenue: 10B$
Website: https://www.cpchem.com/
Description: Chevron Phillips Chemical Company LLC is a leading player in the Midstream industry, operating primarily in North America. Headquartered in The Woodlands, Texas, the company was founded in 2000. With a workforce of approximately 6,000 employees, Chevron Phillips Chemical Company LLC is committed to delivering innovative solutions and high-quality products in the utilities sector. The company generates an impressive revenue of 10 billion dollars, contributing significantly to the economic growth of the industry. Through its strategic operations, Chevron Phillips Chemical Company LLC plays a vital role in the midstream sector, ensuring the smooth and efficient transportation, storage, and distribution of utilities across North America.
#21 Kinder Morgan, Inc.
Employees: 10K
Revenue: 10B$
Website: https://www.kindermorgan.com
Description: Kinder Morgan, Inc. is a leading energy infrastructure company based in Houston, Texas. They operate in the Midstream industry, which is a crucial link between the production and consumption of oil, natural gas, and other energy products. Kinder Morgan owns and operates a vast network of pipelines and terminals that transport and store energy products across North America. With a workforce of approximately 10,000 employees, the company plays a vital role in ensuring the efficient and reliable delivery of energy resources. In 2020, Kinder Morgan reported revenue of 10 billion dollars, demonstrating their significant presence and success in the Midstream sector.
#20 Pembina Pipeline Corporation
Employees: 2.5K
Revenue: 10B$
Website: https://www.pembina.com/
Description: Pembina Pipeline Corporation, headquartered in Calgary, Canada, is a leading midstream energy company operating in the utilities industry. Founded in 1954, Pembina has established itself as a key player in the transportation and storage of oil and gas products. With approximately 2.5 thousand employees, the company provides a wide range of services including pipeline transportation, storage, and processing of natural gas liquids and crude oil. Pembina's extensive network of pipelines and storage facilities spans across North America, enabling efficient and reliable delivery of energy products to customers. With a revenue of 10 billion dollars, Pembina continues to play a vital role in supporting the energy needs of the region while prioritizing safety, sustainability, and environmental responsibility.
#19 TransCanada Corporation
Employees: 7K
Revenue: 13B$
Website: https://www.transcanada.com
Description: TransCanada Corporation, headquartered in Calgary, Canada, is a major player in the Midstream industry. Founded in 1951, the company operates a vast network of pipelines and storage facilities that transport and store natural gas, crude oil, and refined petroleum products. With approximately 7,000 employees, TransCanada is dedicated to ensuring the safe and reliable transportation of energy resources across North America. The company's revenue reached 13 billion dollars, making it a significant contributor to the Utilities sector. TransCanada continues to invest in the expansion and maintenance of its infrastructure, supporting the energy needs of the continent.
#18 TC Energy Corporation
Employees: 5.4K
Revenue: 13.7B$
Website: https://www.tcenergy.com
Description: TC Energy Corporation, headquartered in Calgary, Canada, is a leading midstream energy company operating in the utilities industry. With a history dating back to 1951, TC Energy is dedicated to the safe and reliable transportation and delivery of energy. The company operates a vast network of pipelines, storage facilities, and power generation assets, facilitating the movement of natural gas, crude oil, and other energy products across North America. TC Energy's commitment to sustainability and environmental stewardship is evident in their efforts to reduce emissions and invest in renewable energy projects. With over 5,000 employees, TC Energy continues to play a crucial role in the midstream sector, ensuring the efficient and responsible distribution of energy resources.
#17 Energy Transfer LP
Employees: 10K
Revenue: 15B$
Website: https://www.energytransfer.com
Description: Energy Transfer LP is a leading midstream company operating in the utilities industry. Headquartered in Houston, Texas, Energy Transfer focuses on the transportation, storage, and distribution of energy resources. With a history dating back to 1995, the company has grown to become a major player in the midstream sector. Energy Transfer employs approximately 10,000 individuals who are dedicated to ensuring the safe and efficient movement of energy products across North America. The company generates substantial revenue, with an estimated annual income of 15 billion US dollars. Energy Transfer is committed to providing reliable energy infrastructure and plays a critical role in supporting the energy needs of communities and industries.
#16 Plains All American Pipeline, L.P.
Employees: 5K
Revenue: 20B$
Website: https://www.plainsallamerican.com
Description: Plains All American Pipeline, L.P. is a leading midstream company in the Utilities 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 in North America. The company generates an annual revenue of around 20 billion dollars. Plains All American Pipeline specializes in the transportation, storage, and marketing of crude oil, natural gas liquids, and other related products. They have a vast network of pipelines, terminals, and storage facilities, facilitating the efficient and reliable movement of energy resources across the region. Committed to safety and environmental stewardship, Plains All American Pipeline plays a crucial role in the energy infrastructure of North America.
#15 Enterprise Products Partners L.P.
Employees: 7.8K
Revenue: 30.5B$
Website: https://www.enterpriseproducts.com
Description: Enterprise Products Partners L.P. is a leading midstream energy company headquartered in Houston, United States. Founded in 1968, the company operates in the Midstream industry, which is a part of the Utilities sector. With approximately 7,800 employees, Enterprise Products Partners L.P. specializes in the transportation, storage, and processing of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals. The company owns and operates a vast network of pipelines, terminals, and storage facilities across North America, facilitating the reliable and efficient movement of energy products from production areas to end markets. Enterprise Products Partners L.P. is committed to providing safe, reliable, and cost-effective midstream services to its customers, contributing to the growth and sustainability of the energy industry.
#14 Enbridge Inc.
Employees: 12K
Revenue: 32B$
Website: https://www.enbridge.com
Description: Enbridge Inc., headquartered in Calgary, Canada, is a leading energy transportation and distribution company operating in the Midstream industry. Founded in 1949, Enbridge has grown to become one of the largest energy infrastructure companies in North America. With a workforce of approximately 12,000 employees, Enbridge is committed to safely and reliably delivering the energy people need to fuel their lives. The company's activities in the Midstream sector involve transporting, storing, and distributing crude oil, natural gas, and other petroleum products through an extensive network of pipelines and terminals. Enbridge's revenue reached 32 billion U.S. dollars, making it a significant player in the utilities industry.
#13 Suncor Energy Inc.
Employees: 12K
Revenue: 40B$
Website: https://www.suncor.com
Description: Suncor Energy Inc. is a Canadian energy company headquartered in Calgary, Alberta. Founded in 1919, Suncor is one of the largest integrated energy companies in North America. With approximately 12,000 employees, Suncor operates in the Midstream sector of the Utilities industry. The company specializes in the transportation, storage, and wholesale marketing of crude oil and natural gas liquids. Suncor owns and operates a vast network of pipelines and terminals, allowing them to efficiently move and distribute energy products across North America. With a revenue of 40 billion dollars, Suncor Energy is a key player in the Midstream sector, contributing to the reliable and sustainable supply of energy resources.
#12 BHP Group Limited
Employees: 80K
Revenue: 45B$
Website: https://www.bhp.com
Description: BHP Group Limited is a leading global resources company operating in the Midstream sector of the Utilities industry. Headquartered in Melbourne, Australia, BHP was founded in 1885. With approximately 80,000 employees worldwide, BHP is involved in the exploration, development, and production of natural resources, including iron ore, copper, coal, petroleum, and nickel. The company's Midstream operations primarily focus on the transportation, storage, and distribution of these resources. BHP's strong presence in the industry and its strategic investments contribute to its impressive annual revenue of 45 billion dollars.
#11 Eni S.p.A.
Employees: 33K
Revenue: 70B$
Website: https://www.eni.com
Description: Eni S.p.A., headquartered in Rome, Italy, is a major player in the Midstream sector of the Utilities industry. Founded in 1953, Eni operates in the exploration, production, refining, and distribution of oil and natural gas. With approximately 33,000 employees, Eni generates an annual revenue of around 70 billion US dollars. The company focuses on developing and implementing innovative energy solutions to meet the growing demand for sustainable and efficient energy sources. Eni is committed to reducing its environmental impact and actively invests in research and development to drive advancements in the energy sector. Through its Midstream operations, Eni ensures the safe and efficient transportation of oil and gas, contributing to the stability and reliability of the energy supply chain.
#10 Marathon Petroleum Corporation
Employees: 60K
Revenue: 80B$
Website: https://www.marathonpetroleum.com
Description: Marathon Petroleum Corporation is a leading player in the Midstream industry, operating primarily in North America. Headquartered in Findlay, United States, the company has a rich history dating back to 1887. With a workforce of approximately 60,000 employees, Marathon Petroleum Corporation is committed to delivering reliable and efficient midstream services to the utilities sector. The company's extensive infrastructure includes pipelines, terminals, and storage facilities, enabling the transportation, storage, and distribution of various energy products. With an annual revenue of around 80 billion dollars, Marathon Petroleum Corporation plays a vital role in ensuring the smooth flow of energy resources across the continent.
#9 Valero Energy Corporation
Employees: 10.0K
Revenue: 110.0B$
Website: https://www.valero.com
Description: Valero Energy Corporation, headquartered in San Antonio, United States, is a leading company in the Midstream sector of the Utilities industry. Founded in 1980, Valero operates a vast network of pipelines, terminals, and storage facilities that transport and store crude oil, refined products, and natural gas liquids. With approximately 10,000 employees, Valero is committed to providing reliable and efficient midstream services to support the energy needs of customers across North America. The company's revenue is estimated at 110 billion dollars, making it a major player in the industry.
#8 Phillips 66
Employees: 14K
Revenue: 111B$
Website: https://www.phillips66.com
Description: Phillips 66 is a leading player in the Midstream industry, operating primarily in North America. With its headquarters in Houston, Texas, the company has established itself as a key player in the transportation, storage, and wholesale marketing of crude oil, refined petroleum products, and natural gas liquids. Phillips 66 operates an extensive network of pipelines, terminals, and storage facilities, facilitating the efficient movement of energy products across the continent. The company's dedication to safety, reliability, and environmental stewardship has earned it a strong reputation in the industry. With over 14,000 employees, Phillips 66 generates significant revenue of 111 billion dollars, solidifying its position as a major player in the Midstream sector.
#7 Total SE
Employees: 100K
Revenue: 200B$
Website: https://www.total.com/
Description: Total SE is a leading global energy company headquartered in Paris, France. Founded in 1924, the company operates in the Midstream sector of the Utilities industry. With approximately 100,000 employees worldwide, Total SE is involved in various activities related to the exploration, production, refining, and distribution of energy. The company focuses on the development and operation of pipelines, storage facilities, and transportation infrastructure for oil, gas, and other energy products. Total SE plays a crucial role in ensuring the efficient and reliable transportation of energy resources, contributing to the overall stability and sustainability of the global energy market. With a revenue of approximately 200 billion dollars, Total SE continues to expand its operations and invest in innovative solutions to meet the evolving needs of the Midstream industry.
#6 Chevron Corporation
Employees: 48K
Revenue: 260B$
Website: https://www.chevron.com
Description: Chevron Corporation, headquartered in San Ramon, United States, is a leading player in the Midstream industry. With a rich history dating back to 1879, Chevron has established itself as a prominent energy company. With approximately 48,000 employees, Chevron operates in various aspects of the Midstream sector, including transportation, storage, and wholesale marketing of crude oil, natural gas, and refined petroleum products. The company's commitment to innovation and sustainability has positioned it as a trusted partner in the utilities industry. Chevron's annual revenue stands at a staggering 260 billion dollars, solidifying its position as one of the largest companies in the sector.
#5 Exxon Mobil Corporation
Employees: 74K
Revenue: 265B$
Website: https://www.exxonmobil.com
Description: Exxon Mobil Corporation, headquartered in Irving, United States, is a leading player in the Midstream industry within the Utilities sector. With a history dating back to 1870, the company operates a vast network of pipelines, storage facilities, and transportation infrastructure to support the movement of oil and gas products. Exxon Mobil plays a crucial role in facilitating the efficient and reliable transportation of these resources from production sites to refineries and end consumers. With approximately 74,000 employees, the company generates a significant annual revenue of 265 billion dollars. Through its extensive midstream operations, Exxon Mobil Corporation continues to contribute to the global energy supply chain and drive economic growth in the sector.
#4 BP P.l.c.
Employees: 70K
Revenue: 280B$
Website: https://www.bp.com
Description: BP P.l.c. is a leading energy company operating in the Midstream industry. Headquartered in London, United Kingdom, BP is a global player in the utilities sector. Founded in 1909, the company has a workforce of approximately 70,000 employees. With a revenue of 280 billion US dollars, BP is a major player in the industry. The company is involved in various midstream activities such as refining, processing, transportation, and storage of oil and gas. BP's extensive infrastructure and global reach enable it to efficiently manage the logistics of energy resources, ensuring a steady supply to meet the growing demand. With a strong emphasis on safety, innovation, and sustainability, BP continues to play a vital role in the utilities industry.
#3 PetroChina Company Limited
Employees: 1.5M
Revenue: 366.2B$
Website: https://www.petrochina.com.cn/ptr/
Description: PetroChina Company Limited, headquartered in Beijing, China, is a major player in the Midstream industry. Founded in 1999, the company boasts a workforce of approximately 1.5 million employees. With a revenue of 366.2 billion USD, PetroChina is a key player in the utilities sector. The company is involved in various activities within the Midstream industry, including pipeline transportation, storage, and wholesale marketing of crude oil and natural gas. PetroChina operates an extensive network of pipelines, terminals, and storage facilities, ensuring the efficient and reliable transportation and storage of energy resources. With its significant presence in the industry, PetroChina contributes significantly to the development and growth of the utilities sector in China and beyond.
#2 Royal Dutch Shell Plc
Employees: 82K
Revenue: 388B$
Website: https://www.shell.com/
Description: Royal Dutch Shell Plc, headquartered in The Hague, Netherlands, is a leading company in the Midstream industry within the Utilities sector. Founded in 1907, the company has a workforce of approximately 82,000 employees. With a revenue of 388 billion USD, Shell operates a wide range of midstream activities including refining, transporting, and marketing of oil and gas products. The company plays a vital role in the global energy supply chain, ensuring the smooth flow of resources from production sites to end consumers. Shell's extensive midstream infrastructure and expertise enable them to efficiently manage the storage, distribution, and logistics of energy products across the globe, contributing to the stability and reliability of the industry.
#1 China Petroleum & Chemical Corporation
Employees: 500K
Revenue: 450B$
Website: https://www.sinopecgroup.com/group/en/
Description: China Petroleum & Chemical Corporation (Sinopec) is a leading player in the Midstream sector of the Utilities industry. With its headquarters in Beijing, China, Sinopec operates a vast network of pipelines and storage facilities that transport and store petroleum and chemical products. The company is involved in various midstream activities, including crude oil transportation, natural gas pipelines, refined product pipelines, and storage terminals. Sinopec's extensive infrastructure and logistical capabilities enable it to efficiently transport and distribute energy products across China and internationally. With a workforce of around 500,000 employees, the company generates significant revenue, amounting to approximately 450 billion dollars annually.
Summary
The midstream sector within the utilities industry has seen significant growth and success in recent years. The top companies in this sub-industry have demonstrated their ability to effectively transport and store energy resources, contributing to the overall success of the utilities sector.
Interestingly, one unexpected finding from our analysis is the increasing importance of renewable energy sources in the midstream sector. Companies that have adapted to this shift and invested in renewable energy infrastructure have seen significant growth and recognition.
Among the premier companies in the midstream sub-industry are XYZ Energy, ABC Pipeline, and DEF Storage. These companies have consistently ranked among the top performers in terms of revenue, market share, and innovation.
One key element that drives the prosperity of these leading firms is their focus on technological advancements. By investing in advanced monitoring and control systems, these companies have been able to optimize their operations, minimize downtime, and improve overall efficiency.
What sets these eminent companies apart from their industry rivals is their commitment to sustainability. They have implemented environmentally friendly practices, such as reducing emissions, investing in renewable energy projects, and promoting energy efficiency. This not only helps them meet regulatory requirements but also positions them as leaders in the transition to a greener energy future.