Oil and gas companies have played an important role in shaping the world economy for a very long time. Here is a list of the Top 20 Oil and Gas companies in 2021 as per market capitalization. Global infrastructure is dependent heavily on this sector which has more than 200+ key players that generate an income of billions of dollars on monthly basis for their country
As per the report published by Forbes several national oil companies in the oil and gas industry have suffered financially in 2020 and 2021 because of the crisis caused by the Covid-19 pandemic.
The current list of top 20 oil and gas companies in the world in 2021 includes
1. Shell
With a brand value of 42.15 billion US dollars, Shell has maintained its position at number 1 in the list of the top 20 oil companies of the world. The multinational corporation of British-Dutch origin is referred to as “supermajors” because of its impact on the global arena.
It has spread its operations to 70+ countries with 44,000 service stations and produces 3.7 million barrels of oil daily
Royal Dutch Shell’s revenue was posted at 181.351 billion US dollars at the end of 31st March 2021. It is involved in most areas of the oil and gas industry like refining, oil production, exploration, power generation, petrochemical products and renewable energy activities.
The organization has pledged to achieve zero green gas emissions by the year 2050
2. Saudi Aramco
Despite showing a downward graph in its brand value which was posted at 46.76 billion US dollars in 2020 and 37.47 billion US dollars in 2021, the Saudi Arabian oil company Saudi Aramco has retained its position at number 2 in the list of the top 20 oil and gas companies of the world.
The Saudi Arabian oil company has posted net revenues (TTM) at 231.35 billion US dollars for the fiscal year 2021 along with a net income of 21.7 billion US dollars for Q1 2021
Saudi Aramco is an oil, gas and petroleum products organization involved in both upstream and downstream operations related to marketing, petrochemical products, exploration, production and international shipping. The Saudi Arabian oil company owns the second-largest reserves of crude oil and operates the largest onshore Ghawar Field in the oil industry.
3. PetroChina
The Chinese origin organization PetroChina has the distinction of being the largest producer of oil and gas in Asia and serves a global market with primary areas in China.
It has a diversified portfolio and deals in operations like oil production, development, exploration and sales in petrochemicals, lubricants and fuels.
PetroChina occupies the 3rd position in the list of top companies in the world in 2021 with a brand value of 31.415 billion US Dollars.
China petroleum corporation posted its net income and revenues at 7.743 billion dollars and 230 billion dollars respectively for the year ending March 31, 2021
4. Sinopec
At no 4 on the list of top 20 oil companies in the world in 2021 is Sinopec with a brand value of 26.398 billion dollars and net income of 2.86 billion dollars for Q1 2021. The surge in crude oil rose to 16.3% amounting to 5.07 million barrels daily and its refined products sale saw an increase of 6.8%
Sinopec is a Chinese organization listed in Hong Kong New York and Shanghai. It acts as a subsidiary of Sinopec Group which is the largest petrochemical, gas and oil refining organization in the world.
Business operations of Sinopec Group include refining, exploration, production and sales of chemical products, chemical fibres, crude oil and petrochemicals along with the production of biofuels and ethanol
5. BP
BP plc is a British origin multinational corporation that is considered one of the supermajors in the industry. The integrated oil production brand operates through upstream companies like Devon Energy, midstream companies like Enable Midstream Partners LP and downstream companies like Delek US Holdings respectively
Placed at 5th position in 2021 the brand value of BP is estimated at 21.367 US dollars and revenues for 31st March ending 2021 at 189.129 billion dollars.
It deals in every area of the oil and petroleum industry like exploration, production, power generation etc. along with interests in solar energy technology, biofuels and smart grid. BP has pledged to cut its greenhouse gas emissions by 2050 to net zero.
6. TOTAL SE
At no 6 on the list of top 20 oil and gas companies in the world in 2021 is TOTAL SE with a brand value of 18.122 billion dollars and a market cap of 118.4 billion dollars. In the year 2021 Global Forbes list, TOTAL SE is placed at 46th, 154th and 115th positions based on sales, assets and market value respectively
Founded in the year 1924, the French origin corporation deals in the exploration and marketing of oil and natural gas, jet fuel and low-carbon electricity.
The company owns and operates the biggest oil and gas stations and service stations throughout Africa, the US and Europe. The “supermajors” is also one of the largest chemicals manufacturers in the globe
7. Chevron
Chevron is placed at 7th position in terms of brand value in 2021 at 15.933 billion dollars and posted earnings of 1.4 billion dollars and cash flow from operations of 4.2 billion dollars for Q1 2021.
The integrated company operates upstream, midstream and downstream operations through Occidental, Enbridge and Marathon Petroleum respectively
The American multinational corporation Chevron is involved in almost all the areas of the industry like exploration, transport, marketing and refined petroleum products. Since the year 2020, it is one of the dominant Seven Sisters or supermajors in the world.
8. Exxon Mobil
The American origin company Exxon Mobil has 37 oil refineries spread over 21 countries with a combined refining capacity of 6.3 million barrels daily. The company’s primary products are power generation, petrochemicals, oil and natural gas liquids, oil products and crude oil.
The integrated oil company operates midstream and downstream operations through Kinder Morgan and Valero Energy respectively. Exxon Mobil occupies the 8th position in the list of top 20 oil and gas companies in the world in 2021 with a brand value of 13.434 billion US Dollars.
The company posted its annual net income and revenues at – 19.1 billion dollars and 184.491 billion dollars respectively for the year ending March 31, 2021
9. Petronas
The Malaysian oil and gas company Petronas is a fully-owned government corporation that serves a worldwide market. The integrated company has spread its presence in more than 35 countries and is described as one of the new supermajors or Seven Sisters.
Petronas has posted its brand value at 12.049 billion dollars and is involved in the upstream exploration and downstream oil refining. The company deals in petrochemical, gas, petroleum, automotive engineering and property investment
10. ADNOC
Abu Dhabi National Oil Company or ADNOC is a UAE origin company owned by the state. Since the year 2019, it has become the sixth-largest company with proven oil reserves worth 105 billion barrels. ADNOC deals in petrochemicals, gas, oil products and crude oil.
Founded in the year 1971, ADNOC is placed at 10th position in the list of top 20 oil and gas companies in 2021 with a brand value of 10.763 billion dollars. The company reported its Q1 financial results with a net profit of AED 631 million and a free cash flow of AED 835 million
11. Equinor
The Norwegian multinational company Equinor has spread its presence to 36 countries. In Forbes Global 2000 list it was ranked at 169th position as the world’s largest public company.
Placed at 11th position in 2021 the net income of Equinor is estimated at -2.951 billion dollars and revenues at 48.2347 billion dollars for 31st March ending 2021.
The state-owned company deals in electrical power, petrochemicals and petroleum and has also invested in renewable energy.
12. Eni
Eni occupies the 12th position on the list of Top 20 Oil and gas companies in the world in 2021. It is an Italian company associated with the oil and gas industry. It has spread its operations in 66 countries and is described as supermajors or one of the Seven Sisters.
By 31st December 2020, the company posted its market cap at 36.08 billion US dollars. Eni deals with extraction and distribution activities in many fields like chemicals, plastics, mining, energy, nuclear power, contracting etc.
13. CNOOC
The State-owned CNOOC is the 3rd largest oil and gas company in China. Founded in the year 1982 it operates from headquarters based in Beijing, China. The company posted its total production at 137.7 million barrels of oil for Q1 2021 and its revenues at 12.60 billion for 31st December 2020.
CNOOC is a subsidiary of its parent company the SASAC Group and was placed at 126th position as the largest public company in the 2020 list of Forbes Global 2000. It deals in the exploration of oil and gas, power generation, gas and financial services
14. Gazprom
The state-owned Russian corporation Gazprom is associated with the oil and gas industry and deals in petrochemicals, natural gas and petroleum. It is the largest based on revenues in Russia and was ranked at 32nd position as the largest public company in the 2020 list of Forbes Global 2000.
Gazprom operates in almost all the areas of this industry including exploration, transport, refining, and market generation. Gazprom is the owner of one of the largest network of trunk lines and oil reserves worth billions in the world
15. Valero
Valero is an American origin corporation that has found a place in the list of Fortune 500. Founded in the year 1980, it is the owner and operator of 15 refineries with a combined capacity of 3 million barrels daily. It deals in jet transportation fuels, diesel fuel, gasoline, lubricants and petrochemicals
Valero is considered one of the largest independent company of petroleum refiners in the world. Placed at 15th position in 2021 the revenues are 63.616 billion dollars for 31st March ending 2021
16. Pemex
Pemex is a state-owned organization of Mexican origin that was created in the year 1938 and operates from its headquarters at Ciudad de Mexico.
Pemex deals in fields like refining, exploration, transportation, industrial processing and marketing of diesel, kerosene, gasoline, liquid gas, natural gas and petrochemicals
17. Lukoil
Lukoil is a Russian origin energy organization associated with petroleum products, petrochemicals and natural gas. Founded in 1991 it operates through its headquarters based in Moscow, Russia. The vertically integrated company has spread its presence to 40 countries globally
Lukoil boasts of being the 2nd largest non-state company in Russia based on revenues of 78 billion US dollars in 2020. It registered net income and total assets at 23 million US dollars and 82.8 billion dollars respectively in 2020
18. PTT
The state-owned Thai corporation PTT deals in petrochemicals, natural gas and oil. It is the proud owner of extensive gas and petroleum pipelines in the Gulf of Thailand and LPG terminals throughout the kingdom.
PTT boasts of being the only company from its country to find a place in the list of Fortune Global 500 companies. It deals in the exploration and production of gas, petrochemicals, electricity generation and gasoline
19. Reliance
Reliance Industries is a conglomerate whose subsidiary Reliance Petroleum is associated with the oil and energy sector. The Indian origin company is one of the largest private companies in India and operates from its base in Ahmedabad, Gujrat
Reliance is involved in the downstream oil business and is the owner of two oil rigs DD KG -1 and 2. The company has an annual processing capacity of 1,240,000 barrels of crude oil every stream day
20. Indian Oil
Last but not least is Indian Oil at 20th position in the list of top 20 oil companies of 2021. Founded in 1969, the state-owned Indian origin company is the largest oil company in the commercial sector in India.
Indian Oil posted a net profit of INR 21,762 crore for the year 2020-2021 and is ranked at 2nd position in the list of Fortune India 500 for 2020.
Conclusion
The oil and gas industry is a vital energy source in the world as the world economies continue to rely on this sector. The 400 billion dollar industry including oil companies, gas assets and gas producers sells oil and petroleum products and generates 180 billion dollars in revenues every year and is a source of income to millions of workers in the world
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