Top 10 Biggest Oil Petroleum Companies in the World

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With the prices of fuel always on the rise, the oil industry maintains a determined grip on our daily existence. Oil, in its many forms, is essential in the operation of thousands of businesses and industries. According to the United States Energy Information Administration, the world at present uses up more than 85 million barrels of crude oil every day, which means that each of us consumes an average of 2 liters of fuel each day. With each oil barrel costing $51, worldwide consumption of oil is pegged at more than $4 billion every day. Understandably, the overall allocation of oil utilization is not squarely divided as more developed nations devour more oil compared to less developed ones. At the same time, oil is not merely utilized as fuel to run machines and engines. It is also essential in the production of lots of useful daily items including asphalt, fertilizers, and plastics. Because of their massive impact on the world’s present economy, let us take a look at the top 10 biggest oil petroleum companies in the world.

10. Chevron

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Chevron is an American-based company and is operating in over 180 countries. Today, Chevron is doing research on alternative energy as well. In fact, the oil company Chevron claims that it is currently the biggest producer of geothermal energy in the world. In the past decades, Chevron has been plagued by its ecological treatment record. The environmental harm done by Chevron in Ecuador and Rio de Janeiro has resulted in court cases with demands of billions in payment for damages.

9. Royal Dutch Shell

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With its head office at The Hague, Netherlands, Royal Dutch Shell it has interests in over 100 nations. More popularly called Shell because of the design of its logo, it was listed as the biggest firm in 2012 on the London Stock Exchange. In the past, Shell has always been taken the lead in other non-oil industries such as nuclear power and electricity generation. For some reason, the company was unsuccessful in those fields and Shell eventually shut them down. Today, Shell’s oil production is pegged at nearly 4 million barrels each day. The oil company boasts of $345 billion in assets.

8.  Kuwait Petroleum Corporation

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It is Kuwait’s national oil company with its head office at Kuwait city. The company is run by the Kuwaiti government. Starting out as a shareholder company back in 1960, the state took over its operation in 1975. Ten percent of the world’s reserves is supplied by Kuwait Petroleum as well as almost 90% of export reserves of Kuwait making it as one of the biggest oil companies in the world today.

7. Petroleos de Venezuela

 Top 10 Biggest Oil Petroleum Companies in the World

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Petroleos de Venezuela is owned by the government of Venezuela. It is considered as having one of the biggest oil reserves in the entire planet. The company is allegedly operated by a faction strongly supporting the current president. Petroleos de Venezuela is one of the largest exporters to the United States. It also distributes oil to the United Kingdom, Caribbean, Sweden, and Belgium. The revenue generated by the petroleum company acts as a monetary buffer for the Venezuelan financial system. It has reserves amounting to over 120,000 million barrels.

6. BP or British Petroleum

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British Petroleum is over a hundred years old. It has its offices in the US, Ireland, and the United Kingdom. It produces 4.4 million barrels every day. As of present, BP is in the process of selling half of all its stake to Rosneft, a Russian-based oil company.

5. PetroChina

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The biggest producer of gas and oil in China is Petrochina with the China National Petroleum Corporation is the solitary investor. It has interests in both petrochemical and petroleum industries. Considered as the most profitable firm in all of Asia,  Petrochina utilizes a huge portion of its revenue on research and development, placing more focus on focusing on green development. The petroleum company produces over 4 million barrels of oil every day.

4. ExxonMobil

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If it’s based on revenue, ExxonMobil would most likely rank first place. The company’s production reaches up to more than 5 million barrels every day. ExxonMobil came out with the coming together of Exxon and Mobil. It is world’s biggest oil refiner and part of the top petroleum companies for years now. The company is facing much criticism brought about by its poor environmental record. Sadly, the company only allocates 1% of its profits in the research for alternative energy. It has always been tagged as one of the most hated companies in the whole world. The company possesses over $ 340 billion in total assets.

3. National Iranian Oil Co.

National Iranian Oil Company 2008 Exhibition Stand Top 10 Biggest Oil Petroleum Companies in the World

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National Iranian Oil Co. is operated by the Iranian government through its Ministry of Petroleum. The company has the capacity to produce 6.5 million barrels every day. However, because of the restrictions imposed by American and European governments, the National Iranian Oil Co is forced to cut back its petroleum production. To avoid issues on depreciation, India and Turkey pays for the oil they buy with gold. Nevertheless, amidst of it, it is still known as one of the top oil petroleum companies in the world.

2. Gazprom

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Deemed as the biggest producer of natural gas, Gazprom is one of the biggest corporations in the world. The oil company has placed considerable amounts of investments in the safety of land, water, and atmosphere. Most of the shares of the company are owned by the state of Russia, although the company has been privatized. The Soviet Union Ministry of Gas Industry was transformed into a corporation, and Gazprom was formed. The company has $328 billion in assets.

1.  Saudi Aramco

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Saudi Aramco is based in Saudi Arabia with headquarters in Dhahran. It has been named as “the most valuable company in the world” by a financial magazine. The company has offices around the world with chemical and refining plants. Aramco has plans to increase its worldwide refining capability to 8 million barrels a day in the next decade. Its closest rival, Exxon Mobil Corp., produced 5.4 million barrels a day towards the end of last year. No wonder why Saudi Aramco top on this list of biggest oil petroleum companies today. Because the world continues to grow, it is but obvious that the need for more oil is inevitable. India and China have shown tremendous increase in their consumption of oil, mostly brought about by the boost in their industries. Plus, these two nations comprise more than a third of the world’s population. Such huge numbers would understandably need more fuel.

Rhodora Dagatan is married and spends most of her time at home where she writes articles online for work and fun. She covers different topics like movies, gadgets, health, and other things that are in the trend these days.

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No Responses to “Top 10 Biggest Oil Petroleum Companies in the World”

  1. sandeep s.falle says:

    Dear sir,
    good morning!!
    I am Mr.Sandeep Falle from Pune,India.
    I want to give you a great news that i have found a chemical which if we add in fuels like petrol or diesel for vehicles, then we can get more than double mileage of what we are getting without it. For example, My motor cycle mileage for 1 ltr. petrol was 45 kilometers. when i added that chemical in 1 ltr petrol and then got 105 kilometers. Thatmeans mileage is almost more than twice.
    That chemical manufacturing is very cheaper and we can have it at extremly low rate.
    I have tried and experimented many chemicals since many years, now i have got what i was expected.I am not scintist or chemical expert but i have experimented many things for this achievement.
    If you wish to take trial of my experiment, then i can show that .
    It is a miracle. I really wonder how i could got it.
    I can tell them the chemical composition.As of now, this chemical is a miracle and if we add this to any fuel of any type vehicles, then we can definately get more than double mileage.
    Anyway, as i have suggested you i can give trial , plz let me know your interest. My mobile no is + 91- 9890883118, i am living in City- pune, state- maharastra. you can call me anytime.
    My Introduction:-
    My name is sandeep sudhakar falle.I am engineering diploma holder in computer technology.My father is an artist and a businessman.Thus,basically,I am from business family,but due to some reason presently I am working in a small agency in sales.Since more than 20 years,I am doing experiments on personal basis for this invention.
    About chemical additive for any type of fuels of any type of vehicles and any type of tanspotation mode ( Land,Sea,Air) for double milage and other benefits:-
    Answers for questions are as follows:-
    1) Is it of chemical nature or any herbal components are added?.
    Ans:- It is of chemical nature.This additive is a composition (formulation) of many chemicals in appropriate quantity and the sequence of adding one by one.

    2) What is the amount of additive added, to say 1 ltr.of petrol?.
    Ans:- No answer.

    3) How much is the cost of this material when manufactured?.what will be the price increase,say per liter of petrol?.
    Ans:- It is highly economical and the milage increment is more than double. As of now,we can say we can get double milage in negligible price increase.As it needs big manufacturing plant to be set up by oil company to manufacture it fir use of commercial purpose,there will be definitely some cost addition of manufacturing and some profit of oil companies,but it will be definitely negligible.Let us say 10% increment in cost of petrol for getting double milage.

    4) Is part of the component or whole of this product is in use before by any company?.
    Ans:- No part of the component or whole of this product is in use before by any company.Its my invention.

    5) How is this product different from other fuel efficiency increasing products available in the market?.
    Ans:- My product is a chemical to be added into fuels of any vehicle.The other products available in the market for milage booster are hydrogen gas kit and etc. So,mine is totally different concept and highly efficient than any other available products.

    6) What other experiments you had carried out apart from fuel consumption such as emission,knock,engine deposite or residues formed etc?.
    Ans:- Please agree with me that if concept is right and chemical equations are right then the output will be definitely fantastic.
    Yes, I have taken some experiments and got satisfactory results.

    7) Does this product produce any emission which are toxic to animals,plants or human beings?.
    Ans:- No,not at all.In fact,it is very good for everyone in the nature.

    8) Have you apllied for any patents or provisional patents for your product?.
    Ans:- I had approached to governments science and technology departments Innovation centre and also to patent agents.I can show the emails to you. They asked me samples or formula of chemical soas to present to patent registration and they assure me to do “ NDA “ ( Non Disclosure agreement) with me, but I am not happy with it,so I refused.
    My request and wish is to do agreement with the buyer oil company only who will buy my invention and not with anybody else.
    I had also approached to Switzerland- zurich government office and got some suggestions and information to contact to some R/D centres in Switzerland and United States. So as per their suggestion,I had contacted them and a very big company in Columbus city of United states who has more than 100 R/D centres in the world.The Columbus city headquater asked their branch office in India to contact me.That office in India had talked with me and appreciated, but at the end the same thing about the chemical formula arise,.Now, I request you that I wish to disclose the formula to buyer oil company only.

    9) About demonstration?.
    Ans:- As all of us know, discovery is Different from Invention.
    For example, fire is a Discovery ( as it was there in the nature) and match box is a Invention.
    When we realise that steam has energy then we tried and succeded to make use of steam energy to run Railway,boilers and for other many many useful things.
    The same way, I have invented, formulated this chemical additive to which if we add to any type of fuels of any type of vehicles then we can get many many benefits.This is a MIRACLE and is a REVOLUTION .According to news,in year 2009,consumption of petrol for vehicles in United Stated was more than 3 billion liters per day. So you can judge the quantum of fuel and of course money saving if use my formulated chmical.
    As stated earlier,this chemical can be used for all tyes of vehicles and all types of mode of transportation Land,Sea,Air, so seeing demo on 2-wheeler or 4-wheeler is a very small thing.

    10) What is my interest to approach oil companies?.
    Ans:- I will be happy for following three if any oil company want to buy this invention.
    Selling my Invention (technology) + partnership in manufacturing business + help in patent registration worldwide.
    Now, I really hope you all will help me in this revolutionary invention. Please contact me any time you wish. My cell no:- 9890883118.
    Plz contact me soon,I am waiting for your reply,
    Thanks and best regards,
    sandeep falle

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