[Ranking] TOP 25 Oil & Gas Integrated / Utilities Companies Q3/2023
Intro
The Oil & Gas Integrated industry plays a critical role in the worldwide economy, providing essential energy resources for various sectors. It encompasses companies involved in the exploration, production, refinement, and distribution of oil and gas products.
With its profound influence, the industry's activities have ripple effects across diverse sectors, including transportation, manufacturing, and power generation. The availability and price of oil and gas directly impact these industries, making them highly dependent on the stability of the Oil & Gas Integrated sector.
The economic magnitude of the Oil & Gas Integrated industry is substantial and continues to grow. It contributes significantly to national economies, creating jobs, generating tax revenues, and attracting investments. As global energy demand rises, the industry is expected to experience an upward trajectory, driven by emerging markets and advancements in technology.
Recent trends in the industry have been shaped by various factors. The transition towards cleaner energy sources, such as renewable energy, has prompted companies to invest in sustainable practices and explore alternative fuels. Additionally, geopolitical tensions, regulatory changes, and environmental concerns have presented obstacles that the industry is actively addressing.
The landscape of the Oil & Gas Integrated industry is constantly evolving, driven by technological advancements, market dynamics, and changing consumer preferences. As companies adapt to new challenges and opportunities, it is crucial to explore the leading players in the industry and their strategies for success.
Ranking
#25 Indian Oil Corporation Limited
Employees: 33K
Revenue: 7.7B$
Website: https://www.iocl.com
Description: Indian Oil Corporation Limited (IOCL) is an oil and gas integrated company based in New Delhi, India. Founded in 1959, IOCL operates in the utilities industry, specifically in the oil and gas sector. With a workforce of approximately 33,000 employees, IOCL is engaged in the exploration, production, refining, and distribution of petroleum products. The company operates the largest network of fuel stations in India and is also involved in the marketing of natural gas and petrochemicals. In addition, IOCL has a significant presence in the downstream sector, with refineries located across the country. With a revenue of 7.7 billion dollars, IOCL is one of the leading players in the Indian oil and gas industry.
#24 Chevron Phillips Chemical Company LLC
Employees: 5K
Revenue: 10B$
Website: https://www.cpchem.com/
Description: Chevron Phillips Chemical Company LLC is a leading player in the Oil & Gas Integrated industry. Headquartered in The Woodlands, United States, the company was founded in 2000. With a workforce of approximately 5,000 employees, Chevron Phillips Chemical operates in various segments of the oil and gas value chain, including exploration, production, refining, and distribution. The company is known for its innovative and sustainable solutions in the energy sector. Chevron Phillips Chemical generates an impressive revenue of 10 billion dollars annually, making it a major player in the utilities industry. With its commitment to excellence and strategic partnerships, Chevron Phillips Chemical continues to drive growth and contribute to the overall development of the oil and gas industry.
#23 Kuwait Petroleum Corporation
Employees: 10K
Revenue: 20B$
Website: https://www.kpc.com.kw
Description: Kuwait Petroleum Corporation (KPC) is a leading player in the Oil & Gas Integrated industry. Headquartered in Kuwait City, Kuwait, KPC operates in the Asia continent. Founded in 1980, the company has a workforce of approximately 10,000 employees. With a revenue of 20 billion dollars, KPC is a major contributor to the global energy market. KPC's activities in the oil and gas sector include exploration, production, refining, and marketing, making it a vertically integrated company. Through its subsidiaries and affiliates, KPC plays a vital role in meeting the energy needs of Kuwait and contributing to the development of the global energy industry.
#22 Occidental Petroleum Corporation
Employees: 11K
Revenue: 21.1B$
Website: https://www.oxy.com
Description: Occidental Petroleum Corporation is an oil and gas integrated company based in Houston, United States. Founded in 1920, the company operates in the Utilities industry. With approximately 11,000 employees, Occidental Petroleum Corporation engages in various activities related to oil and gas exploration, production, refining, and marketing. The company's headquarters in Houston, North America serves as a hub for its operations. Occidental Petroleum Corporation has generated substantial revenue, amounting to 21.1 billion dollars, through its activities in the oil and gas industry.
#21 ConocoPhillips
Employees: 10.4K
Revenue: 29.1B$
Website: https://www.conocophillips.com
Description: ConocoPhillips is a leading oil and gas integrated company based in Houston, United States. Founded in 1917, the company operates in the Utilities industry, specifically in the Oil & Gas Integrated sector. With a workforce of approximately 10.4 thousand employees, ConocoPhillips focuses on exploration, production, refining, and marketing of oil and gas products. The company has a strong presence in North America, with its headquarters located in Houston. ConocoPhillips generates an annual revenue of around 29.1 billion USD, making it one of the key players in the industry.
#20 Repsol SA
Employees: 25K
Revenue: 40B$
Website: https://www.repsol.com
Description: Repsol SA, headquartered in Madrid, Spain, is a leading player in the Oil & Gas Integrated industry in Europe. Founded in 1987, the company has a workforce of approximately 25,000 employees. With a revenue of 40 billion US dollars, Repsol SA operates across the entire value chain, from exploration and production to refining and marketing. The company is actively involved in the exploration and production of oil and gas reserves, both in conventional and unconventional sources. Repsol SA also has a strong presence in the downstream sector, with a network of refineries and a distribution network that spans across Europe and other international markets. Through its commitment to innovation and sustainability, Repsol SA is dedicated to providing reliable and efficient energy solutions to meet the growing demand in the industry.
#19 BHP Group Limited
Employees: 80K
Revenue: 44B$
Website: https://www.bhp.com
Description: BHP Group Limited is a leading company in the Oil & Gas Integrated industry. Headquartered in Melbourne, Australia, BHP operates globally and is heavily involved in the exploration, production, and marketing of oil and gas products. With a history dating back to 1885, BHP has established itself as a key player in the industry. The company employs approximately 80,000 people worldwide and generates an impressive annual revenue of 44 billion US dollars. BHP's extensive operations and expertise make it a major contributor to the Utilities sector, specifically in the field of Oil & Gas Integrated.
#18 Eni S.p.A.
Employees: 32K
Revenue: 70B$
Website: https://www.eni.com
Description: Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome, Italy. Founded in 1953, Eni operates in the Oil & Gas Integrated industry and is one of the largest publicly traded companies in the world. With approximately 32,000 employees, Eni is involved in all aspects of the oil and gas value chain, including exploration, production, refining, distribution, and marketing. The company has a strong presence in Europe, Africa, the Middle East, and Asia, and is actively engaged in developing sustainable energy solutions. Eni's revenue for the latest fiscal year was approximately 70 billion dollars.
#17 Marathon Petroleum Corporation
Employees: 60K
Revenue: 75B$
Website: https://www.marathonpetroleum.com
Description: Marathon Petroleum Corporation, headquartered in Findlay, Ohio, is a leading player in the Oil & Gas Integrated industry in North America. Founded in 2005, the company operates in the Utilities sector, specifically in the Oil & Gas Integrated parent industry. With approximately 60,000 employees, Marathon Petroleum Corporation has established itself as a major player in the industry. The company's annual revenue is estimated to be around 75 billion US dollars, reflecting its significant presence and success in the market.
#16 Petroleo Brasileiro S.A. - Petrobras
Employees: 46K
Revenue: 82.8B$
Website: https://www.petrobras.com.br/en/
Description: Petroleo Brasileiro S.A. - Petrobras, headquartered in Rio de Janeiro, Brazil, is a major player in the Oil & Gas Integrated industry. Founded in 1953, Petrobras has grown to become one of the largest oil and gas companies in South America. With approximately 46,000 employees, the company operates across the entire oil and gas value chain, including exploration, production, refining, and distribution. Petrobras is known for its extensive offshore operations, particularly in the pre-salt fields of the Santos Basin. In 2020, the company reported a revenue of 82.8 billion dollars, solidifying its position as a key player in the global energy market.
#15 Equinor ASA
Employees: 21K
Revenue: 89B$
Website: https://www.equinor.com
Description: Equinor ASA, headquartered in Stavanger, Norway, is a leading player in the Oil & Gas Integrated industry. With a history dating back to 1972, Equinor operates globally in exploration, production, refining, and marketing of oil and gas products. The company focuses on creating long-term value through responsible operations and sustainable development. Equinor employs approximately 21,000 people worldwide, contributing to its annual revenue of 89 billion US dollars. Through its innovative and efficient operations, Equinor continues to be a key player in the Utilities industry, driving growth and delivering energy solutions for a sustainable future.
#14 Lukoil
Employees: 100K
Revenue: 100B$
Website: https://www.lukoil.com
Description: Lukoil is a Russian multinational energy corporation headquartered in Moscow, Russia. Founded in 1991, the company operates in the Oil & Gas Integrated industry. With approximately 100,000 employees, Lukoil is one of the largest vertically integrated oil and gas companies in the world. The company engages in the exploration, production, refining, and marketing of petroleum products. Lukoil operates in various segments including exploration and production; refining, marketing, and distribution; petrochemicals; power generation and sales; and other business activities. With a revenue of 100 billion dollars, Lukoil is a major player in the global oil and gas industry.
#13 Phillips 66
Employees: 14.5K
Revenue: 111.5B$
Website: https://www.phillips66.com
Description: Phillips 66 is a leading company in the Oil & Gas Integrated industry, operating in the Utilities sector. Headquartered in Houston, United States, Phillips 66 has a long history since its establishment in 1917. With around 14,500 employees, the company generates an impressive revenue of 111.5 billion US dollars. Phillips 66 is engaged in various activities within the Oil & Gas Integrated industry, including exploration, production, refining, and marketing of petroleum products. The company operates a diverse portfolio of assets, including refineries, pipelines, and retail fuel stations, to meet the energy needs of consumers and businesses. With a commitment to operational excellence and innovation, Phillips 66 continues to play a significant role in the oil and gas industry.
#12 Rosneft Oil Company
Employees: 345K
Revenue: 131.1B$
Website: https://www.rosneft.com
Description: Rosneft Oil Company, headquartered in Moscow, Russia, is a major player in the Oil & Gas Integrated industry. Founded in 1993, Rosneft operates in various segments of the oil and gas value chain, including exploration, production, refining, and marketing. With a workforce of approximately 345,000 employees, the company is one of the largest oil producers globally. Rosneft generates substantial revenue, amounting to 131.1 billion US dollars. The company's operations span across Russia and internationally, with a focus on developing oil and gas reserves, expanding refining capacities, and optimizing its supply and distribution networks. Rosneft is committed to maintaining a leading position in the oil and gas industry through its strategic partnerships, technological advancements, and sustainable practices.
#11 Chevron Corporation
Employees: 48K
Revenue: 146B$
Website: https://www.chevron.com
Description: Chevron Corporation, headquartered in San Ramon, United States, is a leading company in the Oil & Gas Integrated industry. With a history dating back to 1879, Chevron has established itself as a prominent player in the global energy sector. The company operates in various segments including exploration, production, refining, and marketing of petroleum and petrochemical products. Chevron's extensive operations span across North America, South America, Europe, Africa, Asia, and Australia, making it a truly global enterprise. With approximately 48,000 employees worldwide, Chevron has consistently achieved impressive financial results, with annual revenues reaching 146 billion dollars.
#10 Valero Energy Corporation
Employees: 10K
Revenue: 150B$
Website: https://www.valero.com
Description: Valero Energy Corporation, headquartered in San Antonio, United States, is a leading company in the Oil & Gas Integrated industry. Founded in 1980, Valero operates globally and is primarily engaged in refining and marketing petroleum products. With approximately 10,000 employees, the company generates substantial revenue of 150 billion dollars. Valero is known for its extensive network of refineries, which process crude oil and produce a wide range of products, including gasoline, diesel fuel, jet fuel, asphalt, and petrochemicals. The company's dedication to operational excellence, safety, and environmental stewardship has made it a key player in the industry.
#9 Gazprom PJSC
Employees: 450K
Revenue: 150B$
Website: https://www.gazprom.com
Description: Gazprom PJSC is a leading player in the Oil & Gas Integrated industry. Headquartered in Moscow, Russia, it operates in the European continent. With a workforce of approximately 450,000 employees, the company has established itself as a major contributor to the industry. Since its founding in 1989, Gazprom has achieved significant revenue growth, with an estimated annual revenue of 150 billion USD. The company's activities in the oil and gas sector involve exploration, production, transportation, and marketing of natural gas, as well as the production and marketing of crude oil and other petroleum products. Gazprom's dominance in the market and extensive infrastructure make it a key player in the global energy industry.
#8 Total SE
Employees: 100K
Revenue: 200B$
Website: https://www.total.com
Description: Total SE is a leading multinational company in the Oil & Gas Integrated industry. Headquartered in Paris, France, Total SE operates in various segments including Exploration & Production, Refining & Chemicals, Marketing & Services, and Gas, Renewables & Power. With a history dating back to 1924, Total SE has established itself as a major player in the energy sector, contributing significantly to the global supply of oil and gas. The company employs approximately 100,000 people worldwide and generates an annual revenue of around 200 billion US dollars. Total SE is committed to sustainable practices and is actively involved in developing renewable energy solutions to meet the evolving energy needs of society.
#7 Exxon Mobil Corporation
Employees: 74K
Revenue: 264.9B$
Website: https://corporate.exxonmobil.com/
Description: Exxon Mobil Corporation, headquartered in Irving, United States, is a major player in the Oil & Gas Integrated industry. Founded in 1999, the company boasts a workforce of approximately 74,000 employees. With a revenue of 264.9 billion USD, Exxon Mobil Corporation is one of the largest companies in the sector. The company operates globally and engages in the exploration, production, refining, and marketing of oil and gas products. It has a diverse portfolio of assets including oilfields, refineries, and retail gas stations. Exxon Mobil Corporation is committed to sustainable practices and is actively involved in research and development of energy solutions to meet the growing global demand.
#6 BP PLC
Employees: 70K
Revenue: 282B$
Website: https://www.bp.com
Description: BP PLC, headquartered in London, United Kingdom, is a major player in the Oil & Gas Integrated industry. Founded in 1909, the company has a workforce of approximately 70,000 employees. With a revenue of 282 billion US dollars, BP PLC operates in various aspects of the oil and gas value chain, including exploration, production, refining, distribution, and marketing. The company is involved in the production of crude oil and natural gas, as well as the refining of petroleum products. BP PLC also engages in the marketing and sale of fuels, lubricants, and petrochemicals. Through its global operations, the company aims to deliver energy solutions to meet the world's growing demand while minimizing environmental impacts.
#5 PetroChina Company Limited
Employees: 500K
Revenue: 300B$
Website: https://www.petrochina.com.cn
Description: PetroChina Company Limited, headquartered in Beijing, China, is a major player in the Oil & Gas Integrated industry. Founded in 1999, the company operates in various segments of the industry, including exploration, production, refining, and marketing of petroleum and petrochemical products. With a workforce of approximately 500,000 employees, PetroChina is one of the largest employers in the sector. The company generates substantial revenue, amounting to around 300 billion US dollars. PetroChina's extensive operations and strong market presence position it as a key player in the global oil and gas market, contributing significantly to China's energy industry and economy.
#4 Royal Dutch Shell PLC
Employees: 80K
Revenue: 311B$
Website: https://www.shell.com
Description: Royal Dutch Shell PLC, headquartered in The Hague, Netherlands, is a leading player in the Oil & Gas Integrated industry. Founded in 1907, the company has a workforce of approximately 80,000 employees. With a revenue of 311 billion US dollars, Shell operates in all segments of the oil and gas industry, including exploration, production, refining, distribution, and marketing. Shell is known for its extensive upstream operations, with a strong focus on deepwater exploration and unconventional resources. The company also plays a significant role in the downstream sector, with a vast network of refineries, petrochemical plants, and retail outlets. Shell's commitment to innovation and sustainability has led to investments in renewable energy sources and the development of advanced technologies to reduce carbon emissions.
#3 Saudi Arabian Oil Company
Employees: 75K
Revenue: 355B$
Website: https://www.saudiaramco.com
Description: Saudi Arabian Oil Company, commonly known as Saudi Aramco, is a leading player in the Oil & Gas Integrated industry. Headquartered in Dhahran, Saudi Arabia, the company has a rich history dating back to its founding in 1933. With a workforce of approximately 75,000 employees, Saudi Aramco operates in various segments of the oil and gas value chain, including exploration, production, refining, distribution, and marketing. The company's vast reserves and extensive infrastructure enable it to be one of the largest producers and exporters of crude oil globally. In addition to its core activities, Saudi Aramco is actively involved in research, technology development, and environmental sustainability initiatives to ensure a sustainable future for the industry. With its immense revenue of 355 billion dollars, Saudi Aramco continues to play a crucial role in the global energy landscape.
#2 Sinopec Group
Employees: 460K
Revenue: 443B$
Website: https://www.sinopecgroup.com/group/en/
Description: Sinopec Group is a leading oil and gas integrated company headquartered in Beijing, China. With over 460,000 employees, the company operates in the Utilities industry, specifically in the Oil & Gas Integrated sector. Founded in 2000, Sinopec Group has established itself as a major player in the global energy market. The company's activities in the Oil & Gas Integrated industry involve exploration, production, refining, and distribution of oil and gas products. Sinopec Group's strong presence and extensive operations contribute to its impressive revenue of 443 billion USD. Through its commitment to innovation and sustainability, Sinopec Group continues to drive growth and deliver value to its stakeholders.
#1 China National Petroleum Corporation
Employees: 1.5M
Revenue: 1.2T$
Website: https://www.cnpc.com.cn/
Description: China National Petroleum Corporation (CNPC) is a major player in the Oil & Gas Integrated industry. Headquartered in Beijing, China, CNPC operates in various segments of the oil and gas value chain, including exploration, production, refining, distribution, and marketing. With a workforce of approximately 1.5 million employees, CNPC is one of the largest state-owned oil and gas companies in the world. The company was founded in 1988 and has since grown to become a global leader in the industry. CNPC generates a staggering annual revenue of 1.2 trillion US dollars, making it one of the highest revenue-generating companies in the sector.
Summary
The analysis of the top companies in the Oil & Gas Integrated sub-industry within the Utilities sector reveals several key takeaways. Exxon Mobil Corporation takes the top spot on the list, with impressive rankings in terms of market capitalization, revenues, and assets. Chevron Corporation follows closely behind, showcasing strong financial performance and a commitment to sustainable practices. Other notable companies in this sub-industry include Royal Dutch Shell PLC, BP PLC, and Total SE.
One outstanding finding from the investigation is the significant role that these top companies play in shaping the global energy landscape. They not only drive innovation and technological advancements but also influence market dynamics and geopolitical relations. Additionally, these companies are actively seeking to reduce their carbon footprint and invest in renewable energy sources, signaling a shift towards a more sustainable future.
Exxon Mobil Corporation, the world's largest publicly traded international oil and gas company, stands out as a leader in this sub-industry. With operations spanning the entire value chain, from exploration and production to refining and marketing, Exxon Mobil has a strong presence in both developed and emerging markets. Chevron Corporation, another prominent player, operates in over 180 countries and is known for its expertise in deepwater exploration and production.
The success of these top companies can be attributed to several shared elements. Firstly, their extensive global footprints and diversified portfolios enable them to navigate market volatility and capitalize on growth opportunities. Secondly, their relentless focus on operational excellence and cost efficiency allows them to maintain profitability even in challenging market conditions. Finally, their strong research and development capabilities and strategic partnerships foster innovation and provide a competitive edge.
What sets these eminent companies apart from their industry rivals is their unwavering commitment to safety, sustainability, and social responsibility. They prioritize environmental stewardship, invest in technologies to reduce emissions, and actively engage with local communities. Moreover, these companies are at the forefront of digital transformation, leveraging advanced analytics and artificial intelligence to optimize operations and drive efficiency.