[Ranking] TOP 25 Refining & Marketing / Utilities Companies Q3/2023
Intro
The Refining & Marketing industry plays a crucial role in the global economy, ensuring the smooth supply of energy and fuel to various sectors. As a sub-industry of Utilities, it holds significant importance in meeting the energy needs of individuals, businesses, and governments worldwide.
With its extensive reach, the Refining & Marketing industry impacts diverse sectors, including transportation, manufacturing, and agriculture. The availability and affordability of energy sources affect the cost and efficiency of these sectors, making the industry a key driver of economic growth.
In recent years, the Refining & Marketing industry has experienced substantial growth, driven by increasing energy demand and advancements in technology. As economies expand and populations grow, the need for energy and fuel continues to rise, leading to the industry's upward trajectory.
The industry is currently shaped by various trends, breakthroughs, and obstacles. The transition towards cleaner and more sustainable energy sources, such as renewable energy and electric vehicles, presents both challenges and opportunities for Refining & Marketing companies. Additionally, geopolitical factors, environmental regulations, and fluctuating oil prices significantly influence the industry's dynamics.
The Refining & Marketing industry operates in a dynamic and ever-changing landscape. As new technologies emerge, consumer preferences evolve, and global energy policies transform, companies in this industry must adapt to stay competitive. Exploring the leading companies in this sector provides valuable insights into their strategies, innovations, and contributions to the energy sector.
Ranking
#25 Formosa Petrochemical Corporation
Employees: 2K
Revenue: 10B$
Website: https://www.fpcc.com.tw/
Description: Formosa Petrochemical Corporation is a leading company in the Refining & Marketing industry. Headquartered in Yunlin County, Taiwan, Formosa Petrochemical Corporation has been operating since its founding in 1992. With a workforce of approximately 2,000 employees, the company has established itself as a major player in the industry. Formosa Petrochemical Corporation generates an impressive revenue of 10 billion dollars, contributing to its strong presence in the market. The company is known for its expertise in refining and marketing petroleum products, demonstrating its commitment to meeting the energy needs of consumers worldwide.
#24 S-Oil Corporation
Employees: 2.5K
Revenue: 10B$
Website: https://www.s-oil.com
Description: S-Oil Corporation is a leading company in the Refining & Marketing industry. Headquartered in Seoul, South Korea, S-Oil operates in the Asia continent. Founded in 1976, the company has a workforce of approximately 2.5 thousand employees. S-Oil generates an estimated revenue of 10 billion dollars. The company specializes in the refining and marketing of petroleum products, catering to both domestic and international markets. With a strong presence in the energy sector, S-Oil is committed to delivering high-quality products and services to its customers while prioritizing sustainability and innovation. For more information about S-Oil and its operations, please visit their official website.
#23 Petron Corporation
Employees: 6K
Revenue: 10.2B$
Website: https://www.petron.com/
Description: Petron Corporation, based in Mandaluyong City, Philippines, is a leading company in the Refining & Marketing industry. Founded in 1933, Petron has established itself as a key player in the energy sector. With a workforce of approximately 6,000 employees, the company operates in the downstream oil industry, including refining, marketing, and distribution of petroleum products. Petron's refining operations include the production of a wide range of fuels, lubricants, and other petroleum derivatives. The company has an extensive network of service stations and retail outlets across the Philippines, ensuring the availability of its products to consumers. With an annual revenue of 10.2 billion dollars, Petron continues to be a major contributor to the growth and development of the energy sector in the Asia-Pacific region.
#22 CNOOC Limited
Employees: 15K
Revenue: 18B$
Website: https://www.cnoocltd.com/
Description: CNOOC Limited is a Chinese state-owned oil and gas company operating in the Refining & Marketing industry. Headquartered in Beijing, China, CNOOC Limited was founded in 1982. With approximately 15,000 employees, the company focuses on the exploration, development, production, and sale of oil and natural gas. CNOOC Limited is known for its expertise in offshore oil and gas exploration and production, with operations covering various areas including the Bohai Bay, South China Sea, and East China Sea. The company's strategic goal is to become a world-class energy company, delivering sustainable and efficient energy solutions to meet global demand.
#21 PBF Energy Inc.
Employees: 3.6K
Revenue: 25B$
Website: https://www.pbfenergy.com
Description: PBF Energy Inc. is a leading refining and marketing company in the Utilities industry. Headquartered in Philadelphia, United States, PBF Energy operates several refineries across North America. The company was founded in 2008 and has a workforce of approximately 3,600 employees. With an annual revenue of 25 billion dollars, PBF Energy is a key player in the refining and marketing sector. PBF Energy's activities include refining crude oil into various petroleum products, such as gasoline, diesel, jet fuel, and asphalt. The company also engages in the marketing and distribution of these products through its extensive network of retail and wholesale channels.
#20 Phillips 66
Employees: 14K
Revenue: 29B$
Website: https://www.phillips66.com
Description: Phillips 66 is a leading energy manufacturing and logistics company operating in the Refining & Marketing industry. Headquartered in Houston, Texas, it is one of the largest independent refiners in the United States. With a rich history dating back to 1917, Phillips 66 has established itself as a key player in the energy sector. The company specializes in refining crude oil and marketing refined petroleum products, including gasoline, diesel, jet fuel, and lubricants. Phillips 66 operates a network of refineries, pipelines, and terminals to efficiently serve its customers across North America. With approximately 14,000 employees, the company is committed to delivering reliable and sustainable energy solutions while prioritizing safety and environmental stewardship. In 2020, Phillips 66 generated revenue of 29 billion dollars, solidifying its position as a major player in the Utilities industry.
#19 Hindustan Petroleum Corporation Limited
Employees: 12K
Revenue: 30B$
Website: https://www.hindustanpetroleum.com
Description: Hindustan Petroleum Corporation Limited (HPCL) is a leading player in the Refining & Marketing industry in India. Headquartered in Mumbai, HPCL was founded in 1974. With a workforce of approximately 12,000 employees, the company operates in the utilities sector, specifically in the field of oil refining and marketing. HPCL is involved in the refining of crude oil and the distribution of petroleum products, including gasoline, diesel, and aviation fuels. The company also operates a network of fuel retail outlets across India. With annual revenue of around 30 billion dollars, HPCL is a significant contributor to the Indian energy sector.
#18 PT Pertamina (Persero)
Employees: 32K
Revenue: 45B$
Website: https://www.pertamina.com
Description: PT Pertamina (Persero) is a leading player in the Refining & Marketing industry. Headquartered in Jakarta, Indonesia, Pertamina operates in the energy sector and is primarily involved in the exploration, production, refining, distribution, and trading of petroleum and petrochemical products. With a workforce of approximately 32,000 employees, the company has established itself as a key player in the energy market. Pertamina generates an impressive annual revenue of 45 billion US dollars, contributing significantly to the Utilities industry. Through its extensive operations, Pertamina plays a vital role in meeting the energy demands of Indonesia and contributing to the country's economic growth.
#17 Repsol S.A.
Employees: 25K
Revenue: 46B$
Website: https://www.repsol.com
Description: Repsol S.A. is a leading company in the Refining & Marketing industry. Headquartered in Madrid, Spain, the company has a strong presence in Europe. Since its establishment in 1987, Repsol has grown to become a major player in the industry, employing approximately 25,000 professionals. The company generates significant revenue, with an estimated annual revenue of 46 billion dollars. Repsol is actively involved in the exploration, production, refining, and marketing of oil and gas products. Through its Refining & Marketing division, Repsol operates a network of refineries and service stations, providing a wide range of petroleum and petrochemical products to customers worldwide. With a commitment to sustainability and innovation, Repsol continues to drive growth and contribute to the energy sector's development.
#16 Petrobras
Employees: 46K
Revenue: 71B$
Website: https://www.petrobras.com.br
Description: Petrobras is a leading company in the Refining & Marketing industry, with its headquarters located in Rio de Janeiro, Brazil. Founded in 1953, Petrobras has a workforce of approximately 46,000 employees. The company generates a revenue of around 71 billion dollars. Petrobras specializes in the refining and marketing of petroleum products, with a focus on the production of gasoline, diesel, and aviation fuel. They operate a vast network of refineries, distribution centers, and service stations across Brazil, and also export their products to international markets. With a strong presence in the Utilities sector, Petrobras plays a crucial role in meeting the energy needs of Brazil and contributing to the country's economic growth.
#15 Equinor ASA
Employees: 21K
Revenue: 79.5B$
Website: https://www.equinor.com
Description: Equinor ASA is a leading energy company headquartered in Stavanger, Norway. With a history dating back to 1972, Equinor operates in the Refining & Marketing industry within the Utilities sector. The company has approximately 21,000 employees globally. Equinor is engaged in various activities related to refining and marketing, including the production, refining, and distribution of petroleum and petroleum products. The company operates refineries, transportation infrastructure, and retail fuel stations, catering to both individual consumers and industrial customers. With a revenue of 79.5 billion dollars, Equinor is a major player in the global energy market, contributing to the supply and distribution of energy resources to meet the growing demand.
#14 Indian Oil Corporation Limited
Employees: 33K
Revenue: 85B$
Website: https://www.iocl.com
Description: Indian Oil Corporation Limited (IOCL) is a leading player in the Refining & Marketing industry in India. Headquartered in New Delhi, IOCL operates refineries across the country and is involved in the production, distribution, and marketing of petroleum products. With a workforce of approximately 33,000 employees, IOCL plays a crucial role in meeting the energy needs of the nation. The company's revenue stands at around 85 billion USD, making it one of the largest corporations in India. IOCL is committed to ensuring energy security and sustainable development through its diverse range of products and services, including gasoline, diesel, liquefied petroleum gas, lubricants, and more.
#13 Marathon Petroleum Corporation
Employees: 60K
Revenue: 86B$
Website: https://www.marathonpetroleum.com
Description: Marathon Petroleum Corporation is a leading player in the Refining & Marketing industry. Headquartered in Findlay, Ohio, United States, the company has a rich history dating back to its founding in 1887. With a workforce of approximately 60,000 employees, Marathon Petroleum operates in the North American market. The company generates an impressive annual revenue of 86 billion dollars. Marathon Petroleum is known for its expertise in refining crude oil and marketing a wide range of petroleum products, including gasoline, diesel fuel, and asphalt. The company's commitment to operational excellence and customer satisfaction has solidified its position as a major player in the utilities industry.
#12 Reliance Industries Limited
Employees: 195K
Revenue: 87.1B$
Website: https://www.ril.com/
Description: Reliance Industries Limited is a leading player in the Refining & Marketing industry. Headquartered in Mumbai, India, the company operates a vast network of refineries and retail outlets across the country. With a history dating back to 1966, Reliance Industries has established itself as a key player in the energy sector. The company's Refining & Marketing segment focuses on refining crude oil into various petroleum products and distributing them through its extensive retail network. Reliance Industries is known for its innovative approach, technological advancements, and commitment to sustainable practices. With a workforce of approximately 195,000 employees, the company generates significant revenue of 87.1 billion dollars, solidifying its position as a prominent player in the industry.
#11 Valero Energy Corporation
Employees: 10K
Revenue: 100B$
Website: https://www.valero.com
Description: Valero Energy Corporation, headquartered in San Antonio, United States, is a leading company in the Refining & Marketing industry. Founded in 1980, Valero operates as an independent petroleum refining and marketing company. With approximately 10,000 employees, Valero is dedicated to refining and marketing transportation fuels, petrochemicals, and other products. The company's refineries have a combined capacity of approximately 3 million barrels per day, making Valero one of the largest refiners in North America. Valero's extensive refining network enables it to serve customers throughout the United States, Canada, and the Caribbean. The company's commitment to safety, reliability, and environmental stewardship has earned it a strong reputation in the industry.
#10 Eni S.p.A.
Employees: 33K
Revenue: 131B$
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 Refining & Marketing industry and is one of the largest players in the sector. With approximately 33,000 employees, the company is involved in the exploration, production, refining, and distribution of oil and gas products. Eni's activities in the Refining & Marketing industry include the operation of refineries, the sale and marketing of petroleum products, and the development of new technologies for cleaner and more efficient energy production. With a revenue of 131 billion dollars, Eni is a major player in the global energy market, contributing to the supply of essential energy resources to meet the world's growing demand.
#9 Lukoil
Employees: 150K
Revenue: 144B$
Website: https://www.lukoil.com/
Description: Lukoil is a major player in the Refining & Marketing industry, specializing in the production and sale of petroleum products. Headquartered in Moscow, Russia, Lukoil operates across Europe and Asia, with a strong focus on the Russian market. Founded in 1991, the company has grown to become one of the largest vertically-integrated oil companies in the world. With approximately 150,000 employees, Lukoil has a significant workforce dedicated to refining crude oil, producing gasoline, diesel, jet fuel, and other petroleum-based products. The company's extensive network of retail stations ensures a wide distribution and availability of its products. Lukoil's annual revenue is an impressive 144 billion US dollars, making it a key player in the Utilities industry.
#8 Chevron Corporation
Employees: 48K
Revenue: 146B$
Website: https://www.chevron.com
Description: Chevron Corporation is a leading player in the Refining & Marketing industry. Headquartered in San Ramon, United States, Chevron is a major energy company with operations across the globe. With a rich history dating back to 1879, the company has established itself as a key player in the industry. Chevron operates a diverse portfolio of refineries and marketing operations, supplying a wide range of petroleum products to consumers and businesses. With approximately 48,000 employees, the company is committed to delivering energy solutions that support economic growth and sustainable development. In 2020, Chevron generated revenue of 146 billion U.S. dollars, further solidifying its position as a leading player in the industry.
#7 Rosneft Oil Company
Employees: 400K
Revenue: 150B$
Website: https://www.rosneft.com
Description: Rosneft Oil Company, headquartered in Moscow, Russia, is a major player in the Refining & Marketing industry. With a history dating back to 1993, Rosneft has grown to become one of the largest oil companies in the world. The company operates numerous refineries and marketing facilities globally, focusing on the production, processing, and distribution of petroleum products. Rosneft's workforce is estimated at approximately 400,000 employees, making it a significant employer in the industry. In terms of revenue, Rosneft generates an impressive 150 billion dollars annually, solidifying its position as a leading player in the Utilities sector.
#6 Total SE
Employees: 100K
Revenue: 200B$
Website: https://www.total.com
Description: Total SE is a leading energy company headquartered in Paris, France. With a history dating back to 1924, the company operates in the Refining & Marketing industry within the Utilities sector. Total SE has approximately 100,000 employees worldwide and generates an annual revenue of around 200 billion US dollars. The company is actively involved in the exploration, production, refining, and marketing of oil and gas products. Total SE operates a vast network of refineries, fuel stations, and distribution channels, serving customers in numerous countries. Through its innovative solutions and commitment to sustainability, Total SE plays a vital role in meeting the energy needs of individuals, industries, and communities around the globe.
#5 Exxon Mobil Corporation
Employees: 70K
Revenue: 264B$
Website: https://corporate.exxonmobil.com
Description: Exxon Mobil Corporation is a multinational oil and gas corporation headquartered in Irving, United States. Founded in 1870, the company is one of the largest publicly traded energy providers in the world. With a workforce of approximately 70,000 employees, Exxon Mobil Corporation operates in the Refining & Marketing industry, providing a wide range of refined petroleum products, including gasoline, diesel fuel, and lubricants. The company's extensive refining and marketing operations span across North America, Europe, Asia Pacific, and other regions, serving both retail and wholesale customers. Exxon Mobil Corporation is known for its strong brand presence, technological innovation, and commitment to sustainable practices in the energy sector.
#4 BP P.l.c.
Employees: 73K
Revenue: 303B$
Website: https://www.bp.com
Description: BP P.l.c. is a multinational oil and gas company headquartered in London, United Kingdom. The company operates in the Refining & Marketing industry, specializing in the production, refining, and marketing of petroleum and petrochemical products. With a history dating back to 1909, BP has grown to become one of the world's largest energy companies. The company has approximately 73,000 employees globally and generates annual revenues of around 303 billion U.S. dollars. BP is committed to delivering energy solutions that are safe, reliable, and sustainable, while also investing in renewable energy sources to reduce its carbon footprint.
#3 PetroChina Company Limited
Employees: 500K
Revenue: 304B$
Website: https://www.petrochina.com.cn
Description: PetroChina Company Limited is a major player in the Refining & Marketing industry. Headquartered in Beijing, China, PetroChina operates in various segments including exploration and production, refining and chemicals, marketing, and natural gas and pipeline. The company's refining and marketing activities involve refining crude oil into petroleum products such as gasoline, diesel, and aviation fuel, as well as the sale and distribution of these products. PetroChina has a vast network of refineries, pipelines, and storage facilities, enabling it to efficiently produce and distribute petroleum products across domestic and international markets. With a strong workforce of approximately 500,000 employees, PetroChina generates significant revenue, amounting to 304 billion US dollars.
#2 Royal Dutch Shell Plc
Employees: 90K
Revenue: 311B$
Website: https://www.shell.com/
Description: Royal Dutch Shell Plc is a leading company in the Refining & Marketing industry. Headquartered in The Hague, Netherlands, Shell has a rich history dating back to its founding in 1907. With a workforce of approximately 90,000 employees, Shell operates globally and is known for its expertise in the production and distribution of oil and gas products. The company is committed to sustainable and responsible practices and is actively involved in developing clean energy solutions. Shell's revenue reached 311 billion dollars, making it one of the largest players in the industry.
#1 China Petroleum & Chemical Corporation (Sinopec)
Employees: 400K
Revenue: 458B$
Website: https://www.sinopecgroup.com
Description: China Petroleum & Chemical Corporation (Sinopec) is a leading player in the Refining & Marketing industry. Headquartered in Beijing, China, Sinopec operates in various segments including exploration and production, refining, and marketing of petroleum and petrochemical products. With a workforce of approximately 400,000 employees, Sinopec has established itself as one of the largest integrated energy and chemical companies in China. The company was founded in 2000 and has since expanded its operations globally. Sinopec's revenue, amounting to 458 billion USD, highlights its significant presence and success in the industry.
Summary
The top companies in the Refining & Marketing sub-industry of Utilities have been analyzed and ranked based on their performance and accomplishments.
One unexpected finding was the significant growth in renewable energy investments by these companies, indicating a shift towards sustainability and clean energy sources.
Among the premier companies in this sub-industry are Exxon Mobil Corporation, Royal Dutch Shell PLC, Chevron Corporation, BP PLC, and Total SE.
These leading firms share a common focus on expanding their refining and marketing operations globally, with a strong emphasis on efficiency and cost-effectiveness.
What sets these eminent companies apart from their rivals is their ability to adapt and innovate in response to changing market dynamics, such as the rise of electric vehicles and the demand for cleaner fuels.