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Top Oil and Gas Companies In The World [2024 Updated List]

Last Updated on April 4, 2024 by Admin

The biggest sector in the world in terms of dollar value, the oil and gas sector is a global powerhouse using hundreds of thousands of workers worldwide and generating hundreds of billions of dollars globally each year. The below-listed oil and gas companies are so vital that they often contribute a significant amount towards national GDP.

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List of the top Oil and Gas Companies

We have compiled below the list of the best and the top oil and gas companies in the world. All these companies belong to the top 100 oil and gas companies, top 10 oil and gas companies in the world 2024, top oil companies in the world from oil and gas companies in UAE, Qatar, Dubai UAE.

The list also contains the oil and gas companies in Singapore, Saudi Arabia, Kuwait, Canada, Abu Dhabi UAE, Oman, Bahrain, Nigeria, Malaysia, Australia, Europe, the middle east, Norway, Russia, Kazakhstan, oil and gas companies in India, Texas USA  and various other parts of the world.

Below is the list of the world’s top oil and gas companies they broadly covered MENA (the Middle East and North Africa), Asia Pacific, Europe, Australia, UK, and America regions (US).

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Note: This list of companies is not a ranking based on any specific criteria. This list is only for information purposes. 

1. Sinopec

China Petroleum & Chemical Corporation, or Sinopec, is a Chinese oil and gas enterprise based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York.

The largest company on this list with annual revenue of $377 billion, Sinopec, is a state-owned Chinese oil company based in Beijing. The company significantly expanded its assets by exploring and drilling in African territories, providing China with a major foothold in the continent.

In fact, Chinese oil and gas organizations now operate in more than 20 African countries, with Sinopec regularly beating off major western oil and gas competitors to secure lucrative offshore deepwater prospecting blocks.

2. Aramco Overseas – Top Oil and Gas Companies

Saudi Aramco is Saudi Arabia’s national oil company. Operating in both upstream and downstream segments, the company has extensive operations in production, exploration, petrochemicals, refining, marketing, and international shipping.

Not only is Saudi Aramco the most profitable oil company in the world, but it is also the most profitable company in the world by a large margin. In 2018, the company generated $111.1 billion in net income – far exceeding the second most profitable company in 2018, Apple ($59 billion).

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Aramco is a world leader in integrated energy and chemicals. offices in Europe support a wide range of activities from facilitating the safe and reliable delivery of energy to customers around the globe, to pushing for breakthroughs in research and innovation.3. China National Petroleum

Established in 1988 and the predecessor of the Ministry of Petroleum Industry of the People’s Republic of China, the China National Petroleum Corporation is a state-owned oil and gas company with governmental administrative functions.

With the liberalization of trade in China and the resulting economic boom, CNPC first started to export oil and engage in the development of overseas oil fields in 1993.

It has come a very long way since then, with much of its operations organized under its subsidiary, PetroChina, and it is now the world’s 4th largest publically listed company and currently accounts for around two-thirds of China’s oil and gas output.

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4. Royal Dutch Shell – Top Oil and Gas Companies

The super major more commonly known as Shell was founded in 1907 following the merger of the Royal Dutch Petroleum Company and the “Shell” Transport and Trading Company Ltd of the United Kingdom.

Thanks to its distinctive logo and subsidiary Shell Oil Company’s many service stations, Shell is one of the most well-known oil and gas companies in the world. The Shell name and logo is tied to the “Shell” Transport and Trading Company – its founder’s father had originally created a business selling seashells to collectors.

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An Anglo-Dutch company, Royal Dutch Shell’s revenue is equivalent to 84% of the Netherlands’s GDP at the time. In 2012 Shell took the top spot as the biggest company on the FTSE, with a 140.9 billion market capitalization.

In 2017 the company took the number seven spot in Fortune 500’s Global 500 – their annual ranking of the world’s largest corporations.

5. BP plc

BP plc is a British multinational oil and gas company headquartered in London, United Kingdom. It is one of the world’s seven oil and gas “supermajors”.

The Anglo-Persian Oil Company was formed in 1909, itself an offshoot of the Burmah Oil Company. It later rebranded to the Anglo-Iranian Oil Company and then finally to BP.

11 years later the company became the first to strike oil in the North Sea. Thanks to its 20,000 plus service stations, BP is one of the most recognizable oil and gas companies.

Other notable mergers and acquisitions following its privatization in 1979 / 1987 include Amoco in 1998 and ARCO and Burmah Castrol in 2000, becoming one of the largest petroleum companies in the world

The company rebranded in 2001, dropping its green shield logo in favour of the “Helios” symbol – designed to represent the event in all its forms. The company also adopted the slogan “Beyond Petroleum” – highlighting their focus on all types of energy and stressing their commitment to a lower-carbon future.

In recent times, most revenue generated by the petroleum giant is through the downstream segment. This segment includes refinery processing, oil products, and chemicals.

6. ExxonMobil – Top Oil and Gas Companies

Formed in 1999 after the merger of Exxon and Mobil, the US multinational oil and gas company is one of the largest refiners in the world.  The world’s seventh-largest company by revenue, ExxonMobil holds an industry-leading inventory of resources and is one of the largest integrated refiners, marketers of petroleum products, and chemical manufacturers in the world.

A descendant of Standard Oil, established by John D. Rockefeller in 1870, ExxonMobil has evolved over the last 140 years from a regional marketer of kerosene in the U.S. to the largest publicly traded oil and gas company in the world.

Their public profile took a hit in 1989 with the Valdez oil spill when 10.8 million US gallons of crude oil were spilled over the next few days. It is considered to be one of the most devastating human-caused environmental disasters and the second-largest in US waters, after the 2010 Deepwater Horizon oil spill.

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7. Total S.A.

Total S.A. is a French multinational integrated oil and gas company founded in 1924 and one of the seven “Supermajor” oil companies in the world.

Founded in1924, Total’s activities cover the entire oil and gas chain. The total has a very diverse portfolio across different resource themes with a strong presence in LNG, particularly due to exposure to Australian LNG. The total has produced oil and gas for almost a century and has also branched into renewable energies and electric power.

Recently, Xavier Pfeuty, LNG Manager of Total’s Marine Fuel Global Solutions group, the oil giant is committed to promoting LNG as a viable marine fuel. The total has been pursuing major LNG contracts – and in December 2017, won its first supply contract with CMA CGM for 300,000 tonnes of LNG per year for ten years.

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8. Valero – Top Oil and Gas Companies

Fortune 50 company, Valero, is an international manufacturer and marketer of transportation fuels and petrochemical products based in Texas.

One of the world’s largest independent petroleum refiners, Valero’s activities is predominantly based around refining crude oil as – opposed to drilling – and selling the product through its 6,800 retail outlets.

Formerly know, as Valero Refining and Marketing company, Valero was founded in 1980. It now operates 15 petroleum refineries and 14 ethanol plants and employs over 20,000 personnel.

9. Gazprom

With a global share of gas reserves of 17%, Gazprom owns the world’s largest network of gas trunklines (171.2 thousand kilometers long), most of which are tied together into the Unified Gas Supply System (UGSS) of Russia.

Although a private company, the majority of shares of the company are owned by the Russian government. At present, Gazprom is responsible for around 14% of global gas output and 74% of Russian gas output.

Following major reforms initiated by President Vladimir Putin, the company saw a shift in management personnel and policy, and later sales by its major subsidiaries resulted in the Russian government gaining the controlling share in the company.

In recent times, Gazprom has been focusing on large-scale projects to exploit gas resources in the Yamal Peninsula, Arctic Shelf, Eastern Siberia, and the Far East, Developing Russia’s Arctic shelf resources and developing a gas line to China.

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10. Phillips 66

Major U.S. energy manufacturing and logistics company, Phillips 66, has a diversified portfolio of activities in midstream, chemical, marketing, and refining areas of oil and gas production.

Phillips 66 has over 130 years in the sector, but its recent branding can be traced back to 2002 when Conoco and Phillips merged to become Conoco Phillips, resulting in the third-largest company in the US.

Phillips 66 emerged from ConocoPhillips’ midstream and downstream businesses to create a publicly-traded company in 2012. Now, the energy company has 14,400 employees, 13 refineries, and 64,000 miles of pipeline – displaying a bright future and impressive ability to gain mainstream traction.

11. Kuwait Petroleum Corp – Top Oil and Gas Companies

Kuwait Petroleum Corporation is Kuwait’s national oil company, headquartered in Kuwait City. The activities of Kuwait Petroleum Corporation are focused on petroleum exploration, production, petrochemicals, refining, marketing, and transportation. KPC produces about 7% of the world’s total crude oil.

12. Lukoil

LUKOIL is one of the largest publicly traded, vertically integrated oil and gas companies in the world accounting for more than 2% of the world’s oil production and around 1% of the proved hydrocarbon reserves.

Serving millions of consumers in over 100 countries around the globe through the supply of our products, power, and heat. We employ over 100,000 people who join their efforts and expertise to ensure the Company’s efficient development and secure its market leadership.

13. Eni

Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. Considered one of the global super-majors, it has operations in 79 countries, and is currently the d’s 11th largest industrial company with a market capitalization of 68 billion euros, as of August 14, 2013.

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14. Pemex

Pemex is the Mexican state-owned petroleum company, created in 1938 by nationalization or expropriation of all private, foreign, and domestic oil companies at that time.

15. Chevron Corporation – Top Oil and Gas Companies

Chevron Corporation is an American multinational energy corporation. One of the successor companies of Standard Oil, it is headquartered in San Ramon, California, and active in more than 180 countries.

16. National Iranian Oil Company

The National Iranian Oil Company, a government-owned corporation under the direction of the Ministry of Petroleum of Iran, is a national oil and natural gas producer and distributor headquartered in Tehran. It was established in 1948 and reinforced under The Consortium Agreement of 1954.

17. Wood PLC

Wood Group is a multinational oil and gas services company headquartered in Aberdeen, Scotland.

Wood provides performance-driven solutions throughout the asset life cycle, from concept to decommissioning across a broad range of industrial markets, including the upstream, midstream, and downstream oil & gas, power & process, environment and infrastructure, clean energy, mining, nuclear, and general industrial sectors.

18. Halliburton Houston

Halliburton offers a broad array of oilfield services and products to upstream oil and gas customers worldwide. Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry.

With over 50,000 employees, representing 140 nationalities, and operations in approximately 70 countries, the company serves the upstream oil and gas industry throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction, completion, and production optimization.

19. SPIE Oil & Gas Services – Top Oil and Gas Companies

This site informs you of our range of services, our activities, and our expertise as a global service provider to the oil & gas industry.

20. CH2M

CH2M HILL, also known as CH2M, is a global engineering company that provides consulting, design, construction, and operations services for corporations, and federal, state, and local governments.

21. Petrofac

Petrofac is a provider of oilfield services to the international oil and gas industry. It is registered in Jersey, with its main corporate office on Jermyn Street, London.

22. QATAR GAS

Qatargas is the world’s largest liquefied natural gas company. It annually produces and supplies the globe with 42 million metric tons of LNG from across its four ventures.

23. ORYX GTL

ORYX GTL is a synthetic fuel plant based in Ras Laffan Industrial City, Qatar, that is owned by Qatar Petroleum and Sasol. It uses gas to liquids technology for converting natural gas into liquid petroleum products. The capacity of Oryx GTL in 2007 was 34 thousand barrels per day of oil.

24. Voyage Global Energy

Since the inception of Voyage in 2012, their goal and vision have always been to provide global support to clients that operate within the energy sector. Whether it is power generation, oil, and gas or renewables such as wind and smart metering, they have built and developed tailor made solutions for all of our clients that have seen Voyage Energy Group become an integral partner for our extensive but diverse clients.

They have three different businesses under Voyage Energy Group, being Voyage Global Energy, JDi Energy, and Leverage Partnership. All three companies work within specific disciplines, which allows the group to offer support across all sectors within energy. Please take the journey through our website which will provide a clear understanding of how the group works and the services we offer.

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25. SEPAM

The Sepam Group specializes delivery of quality Engineering, Procurement & Construction solutions for Mechanical, Electrical, Instrumentation.

26. M2E Projects S.r.l

M2E Projects has the ability and expertise to operate in Italy, Europe, Africa, Central Asia, the Middle East, Central, and South America.

From the start, M2E Projects has operated in compliance with the strictest safety standards imposed by the major players among End Users, EPC Contractors, and Vendors on the international scene.

M2E Projects operates mainly in sectors such as Oil & Gas, Power, Nuclear, Renewables, Drilling, Mining, Real Estate, and Life Science.

M2E Projects operates and works, both the Italian market and in the international arena, offering engineering services also at the offices and/or construction of our customers.

27. Ogas Solutions Thai

OGAS Solutions was founded in Thailand in 1999, serving the E&P sector for major operating companies in South-East Asia. Since 2006, OGAS Solutions has grown up to be a strong actor of the industry in Europe, Africa and Asia.

28. VecTrance

VecTrance provides oil/gas and mining operating companies with project support and engineering services for construction projects of oil/gas and mining.

29. McDermott

McDermott International is an American multinational engineering, procurement, construction and installation company with operations in the Americas, Middle East, the Caspian Sea and the Pacific Rim.

30. WorleyParsons 

WorleyParsons delivers projects, provides expertise in engineering, procurement, and construction, and offers a wide range of consulting and advisory services. It covers the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mineral, metals, chemicals, and infrastructure sectors.

Their resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.

31. Airswift – Top Oil and Gas Companies

Airswift serves as a strategic partner to our clients, offering a turnkey workforce solution to capture and deliver the top talent needed to complete successful projects by aligning with the unique needs of our clients.

With over 800 employees in over 50 offices worldwide, 6,000 contractors, and a candidate database of 500,000, our geographical reach and pool of talent available is unmatched in the industry and the level of experience, exposure, and expertise that the organization has are unparalleled.

32. Tecnicas Reunidas S.A

Técnicas Reunidas, S.A., or TRSA, is a Spanish-based general contractor that provides engineering procurement and construction (EPC) of industrial and power generation plants, particularly in the oil and gas sector.

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33. Pan Maritime – Top Oil and Gas Companies

Pan Maritime Energy Services supports the Oil & Gas sector through project management, support engineering, and innovative product development. Specialize in building teams of technical specialists and deploying them on assignments with clients.

They have offices in St. John’s and Qatar, have the depth and experience to meet client needs from conceptual studies, FEED through to commissioning and operations

34. NRL Limited

At NRL, we pride ourselves on providing people and skills to benefit your organization. Our resourcing team are specialists in specific industry sectors, guaranteeing that we always deliver expertise at work.

35. Initec Plantas Industriales

INITEC Energy focuses on the construction of power generation facilities. With its 50 years of experience, he holds a reference position in the domestic market and maintains a well – deserved reputation internationally. It is at the technological forefront supported on the core values that are defined as talent, confidence, knowledge, and reliability.

INITEC Energy is integrated within the Industrial Division of the company ACS Group, one of 10 world-leading companies in the construction sector and services.

36. Qatar Petroleum

QP has concluded EPSA and DPSA with the following major international oil and gas companies: ExxonMobil, Anadarko Qatar, Maersk Oil Qatar, Talisman Energy Qatar, Wintershall Consortium, and Marubeni.
These agreements have enhanced oil and gas reserves through new discoveries and the development of existing fields. Some of the fields included in the agreements are Idd Al Shargi Dome (North & South), Al Shaheen Field,  Al Khaleej Field, Al Rayyan Field, Al Karkara Structure A Field, and El Bunduq.

37. Bureau Veritas – Top Oil and Gas Companies

Established in the Middle East in early 1976’s, Bureau Veritas is serving major Oil companies, its group of companies, and major local players by providing diversified solutions and creating added value through assistance at any stage of the life of an Oil & Gas project, from Conceptual Design to Maintenance and Operation.

With more than 150 experts in all disciplines, Bureau Veritas allows the Group to supply its day-to-day services with necessary efficiency and domestic knowledge. It offers an extensive range of technical services and solutions in the fields of certification, conformity, assessment, consulting, and training.

38. Mentor IMC Group

Mentor IMC Group offers more than 25 years’ global experience as an oil & gas industry exclusive, project management resource consultancy.

Final Thoughts

The global energy sector is dominated by a cadre of powerful entities, often referred to as the top 10 oil and gas companies. These industry titans are pivotal in both upstream and downstream operations, shaping the oil and gas landscape significantly. Rankings of these corporations, such as the top 100 oil & gas companies list, are typically based on metrics like revenue, production volumes, and proven reserves, factors that also influence their attractiveness to investors. Those looking for oil and gas companies to invest in may scrutinize various aspects, from market cap and dividend yield to environmental strategies and geopolitical risk.

Profiles of these corporations offer a window into their operations, revealing not only their financial health but also their global impact and innovation in the energy sector. For instance, the top 5 oil & gas companies worldwide, including behemoths like ExxonMobil, Saudi Aramco, and Shell, often feature prominently in industry leadership and direction discussions.

Regarding job seekers, vacancies within these companies are highly sought after, promising not just a chance to work with the best in the industry but also exposure to cutting-edge technology and global operations. In India, a list of oil and gas companies would feature both international players with local operations and homegrown firms, making it one of the key markets in the Asian region. 

Furthermore, the top 10 independent oil and gas companies highlight the significant role of smaller, more agile players in the industry, often pioneering innovations in exploration and production. By contrast, the top 20 oil companies in the world show the scale and reach of the largest conglomerates.

Within India, the top 10 oil and gas companies underscore the country’s growing energy demand and the strategic importance of the sector to national development. Listed oil and gas companies in India are monitored closely by investors due to their impact on the economy and the potential growth associated with the country’s energy consumption patterns.

Globally, the top oil and gas companies continue to lead the sector, with their operations spanning continents and often setting the tone for industry trends. The oil and gas companies in the USA and Dubai represent some of the most dynamic segments of the industry, with American and Middle Eastern firms often at the forefront of innovation and production.

Finally, the ‘Big Five’ oil companies—ExxonMobil, BP, Chevron, TotalEnergies, and Royal Dutch Shell—alongside other leading companies like Schlumberger, Saudi Aramco, and ConocoPhillips, continue to be central players in the global narrative of energy, technology, and sustainability within the oil and gas sector.

FAQs

What are the ‘Big Five’ oil companies?

The ‘Big Five’ oil companies, also known as the ‘Supermajors,’ are ExxonMobil, Royal Dutch Shell, BP, Chevron, and TotalEnergies. These companies are the largest publicly traded oil and gas firms, known for their significant global presence and impact on the industry.

What does the term ‘oil 7 gas companies’ refer to?

The term ‘oil 7 gas companies’ might be a typographical error, usually referring to the oil and gas sector. This term broadly encompasses companies involved in the exploration, extraction, refining, transporting, and marketing of oil and gas products.

Which company is considered a leader in the oil and gas industry?

Saudi Aramco is often considered the leading company in the oil and gas industry, primarily due to its largest proven crude oil reserves and highest daily oil production. Other leaders include American company ExxonMobil and Dutch firm Royal Dutch Shell.

What is the name of the major Indian oil and gas company?

Major Indian oil and gas companies include Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Oil and Natural Gas Corporation (ONGC), which are state-owned enterprises playing a significant role in India’s energy sector.

How is the global ranking of oil and gas companies determined?

The global ranking of oil and gas companies is usually determined based on various factors such as revenue, profit, market capitalization, daily production, and reserves. Industry-specific publications and market analysts often release annual rankings based on these metrics.

What factors should investors consider when looking at oil and gas companies to invest in?

Investors should consider factors like the stability of the company, its debt-to-equity ratio, reserve replacement ratio, cost efficiency, dividend yield, and how the company is adapting to energy transition and sustainability challenges.

Which oil and gas companies are known for their upstream operations?

Companies like ExxonMobil, Chevron, BP, and ConocoPhillips are known for their extensive upstream operations, which involve the exploration and production of crude oil and natural gas.

Are there any significant oil and gas companies based in Dubai?

Yes, Dubai is home to several notable oil and gas companies, including Emirates National Oil Company (ENOC) and Dragon Oil, which have significant operations and influence in the regional energy market.

What are the career opportunities in oil and gas companies?

Career opportunities in oil and gas companies span a wide range of fields including engineering, geoscience, drilling, health and safety, environmental management, IT, and business administration, among others.

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