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[sarkasm] 04/4/2021 18:04

Profiling the five largest oil and gas companies in the world

Features & AnalysisOil & GasNatural Gas

By James Murray 01 Apr 2021

The oil and gas industry boasts some of the largest companies in the world, with five producers listed in the top 10 of the Fortune Global 500
Largest oil and gas companies

Oil and gas is often painted as the dirtiest sector within the energy industry (Credit: Shutterstock/SINCHAI_B)

Sinopec and Royal Dutch Shell are two of the top five largest oil and gas companies in the world by revenue.

Oil and gas is often painted as the dirtiest sector within the energy industry and has come under intense scrutiny over the past few years for its role in polluting the atmosphere.

But, in a bid to clean up the economy, major companies have started to invest in renewable technologies as they expand their portfolios to cater to environmentally conscious investors.

Those efforts, however, have been hampered over the past year by the coronavirus pandemic, which has had a dramatic impact on producers following a drastic drop in energy demand.

Here, NS Energy profiles the top five largest oil and gas firms, based on the 2020 Fortune Global 500’s revenue figures.


Five largest oil and gas companies in the world
1. Sinopec

China Petroleum and Chemical Corporation, also known as Sinopec, is one of China’s three state-owned oil companies.

The Beijing-headquartered firm, which was founded in 2000, is the second-largest company behind US retailer Walmart and the largest oil and gas firm in the world by revenue, after recording a whopping $407bn at the end of the 2019-20 fiscal year.

The early implications of the coronavirus pandemic had a significant impact on producers in China, where the first cases of the virus were recorded in December 2019 and stringent government lockdown measures were imposed.

As a result, Sinopec’s profits fell by more than 16% in 2019-20 to $6.8bn.


2. China National Petroleum

China National Petroleum is the state-owned parent company of PetroChina – the country’s second-largest oil producer.

Having brought in $379bn in revenue, China National Petroleum is also the second-largest oil and gas firm in the world.

The Beijing-headquartered firm, which was founded in 1988, brought in $4.4bn in profits in 2019-20.

It currently holds assets in 30 countries around the world.


3. Royal Dutch Shell
Largest oil and gas companies
Shell has recorded $352bn in revenue and is regarded as one of the “supermajors” (Credit: Shutterstock/siam.pukkato)

Royal Dutch Shell, which was founded in 1907 and is headquartered in The Hague, Netherlands, is the third-largest oil and gas firm.

The Anglo-Dutch multinational has recorded $352bn in revenue and is regarded as one of the “supermajors” – a term used to describe the world’s six largest publicly traded oil and gas firms.

Following weaker oil prices, Shell’s profits were down by more than a third in 2019-20 to $15.8bn.

Over the past few years, the company has expanded its portfolio by purchasing renewable energy assets such as UK-based electricity and gas provider First Utility, and Europe’s largest electric vehicle charging company NewMotion.

Shell is aiming to become a net-zero emissions business by 2050.


4. Saudi Aramco

Saudi Aramco is the state-owned oil company of Saudi Arabia and is the fourth-largest oil and gas company by revenue, after bringing in $330bn.

The Dhahran-headquartered firm, which was founded in 1933, has the world’s second-largest proven crude oil reserves – more than 270 billion barrels – and is the largest daily oil-producing company.

In December 2019, Saudi Aramco’s shares began trading on the Saudi Stock Exchange, where it became the largest initial public offering (IPO) in the world at the time, raising $25.6bn.

The company recorded $88bn in profits in 2019-20.


5. BP

BP, short for Beyond Petroleum, is the fifth-largest oil and gas company in the world. Due to weak oil prices, its revenue fell by 7% in 2019-20 to $283bn.

The British oil giant, which is regarded as one of the supermajors, suffered a 57% drop in profits in the latest fiscal year to $4bn.

The London-headquartered firm was founded in 1909 and has operations across 80 countries around the world.

Having previously been the first oil major to commit significant capital to renewable energy projects, BP outlined its plan in February 2020 to reach net-zero emissions by 2050.

[portside1] 04/4/2021 15:07

Electric cars are not as friendly as they make out The real facts about electric cars is that to make and run them Is worse than petrol all fact What the gov and these pushing elec cars It's not to stop co2 It's to get 50% of the working class off the road By pricing them off the road And now gov is going to bring into power cheaper Public transport to make it quick to get them out of cars It does not affect the rich

[portside1] 04/4/2021 14:53

Bp to rise to over 400 p by sept All fact Their renewed actions are going to put. BP aback to the top company All is ahead of target Buy buy buy do not miss the take off

[jon107] 04/4/2021 13:58

Full of S..T!

[the_man_with_the_pink_gun] 03/4/2021 21:32

STRONG SELL


TARGET £2.22P

[bondholder] 03/4/2021 17:03

Liam Halligan in the DT today:"But I still see crude consolidating between $70 and $80 a barrel over the summer, as the global economy recovers ­– even if, for now, much of Europe continues to struggle"Europe is no longer the core of world demand. Asian consumption very fast growing once again.

[portside1] 03/4/2021 12:22

I also now think that bp should buy out centrica it would give them 15 m customers instantly and could then sell on more bp Products ,Not back now till 26th All looks good to me

[portside1] 03/4/2021 12:20

Op no on close of Dow on Thursday up 0.94% not Friday

[optomistic] 02/4/2021 21:53

Porto, the DOW has even closed today...I think or have I cracked up...can't
have they let me out.
Doing alright Porto, if they could take 20 years off I would be a lot better ;-)))

[portside1] 02/4/2021 20:50

It says bp was up on the Dow is it correct

[portside1] 02/4/2021 20:48

Op hope you are ok I will be in the willow in July 6th but only in th3 lunch time Will be using spoons inliverpool

[hasin] 02/4/2021 20:33

Hope potty don't ruin this BP thread, got 95000 post

[hasin] 02/4/2021 20:01

I'm in Yorkshire and only know of a Pinderfields hospital,
heard of a Wakefield or Doncaster jails though.

[mwainw1973] 02/4/2021 18:53

Lived in Ponty for 7 years and moved back North 2 years ago, spent some time in there myself when my back went out. Hope your recovering

[optomistic] 02/4/2021 18:45

Thanks for that mwainw, I did think that Pinders was known nationaly. My ways Porto I'm almost better.

[mwainw1973] 02/4/2021 17:33

Hospital in Wakefield

[portside1] 02/4/2021 15:48

Op is that a prison

[optomistic] 02/4/2021 15:29

Download 'Flight Radar 24' and see the air traffic around the world...it is VERY active! Surprised how they can get enough fuel to keep them all flying.

[time 2 retire] 02/4/2021 15:12

Air traffic reportedly the busiest in this last week since last March. Got to be good for all oil majors...

[optomistic] 02/4/2021 14:28

Porto, Sorry for delay in answering but as yet I haven't booked any holidays for this year...although I have just had a 6 day stay in Pinderfields if that counts :-))

[poikka] 02/4/2021 10:12

Mate, they've got to trot out that stuff; it's meaningless, and doesn't detract from the everyday running of the business.

[wolansm] 02/4/2021 09:56

Just saw bp proud to support the transgender community, how about just concentrating on getting the share price back up, instead of following the latest Fads ... not saying I don't support the community just think Looney should do what he is overpaid to do

[plastow] 02/4/2021 08:54

Yes totally forgot that's the problem when retired you lose sense of time day cheers

[portside1] 02/4/2021 08:45

Off out back Tuesday

[portside1] 02/4/2021 08:44

I still hold over 200000 in barcs my div was in my account but they do not pay it out for 3working days £2100