What Are The Top 5 Oil Companies?

by | Last updated on January 24, 2024

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The supermajors are considered to be

BP, Chevron, Eni, ExxonMobil, Royal Dutch Shell, TotalEnergies, and ConocoPhillips

. The term, analogous to others such as Big Steel and Big Tech that describe industries dominated by a few giant corporations, was popularized in print from the late 1960s.

What are the top 5 US oil companies?

Like Devon Energy (NYSE:DVN),

Phillips 66

(NYSE:PSX), Marathon (NYSE:MPC), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), Chesapeake Energy (NYSE:CHK) and Occidental Petroleum (NYSE:OXY), Valero is one of the biggest oil companies in USA. Please continue to see the 5 biggest oil companies in USA.

Who are the big 5 oil companies?

The supermajors are considered to be

BP, Chevron, Eni, ExxonMobil, Royal Dutch Shell, TotalEnergies, and ConocoPhillips

. The term, analogous to others such as Big Steel and Big Tech that describe industries dominated by a few giant corporations, was popularized in print from the late 1960s.

Which oil company is the best?

  • PetroChina, part of CNPC – $296bn in 2020. …
  • Royal Dutch Shell – $181bn in 2020. …
  • BP – $180bn in 2020. …
  • ExxonMobil – $179bn in 2020. …
  • TotalEnergies, formerly known as Total – $120bn in 2020. …
  • Chevron – $94bn in 2020. …
  • Gazprom – $85bn in 2020. …
  • Marathon – $70bn in 2020.

What is the richest oil company?


PetroChina and Sinopec Group

lead the list of the world's biggest oil and gas companies of 2020 with revenues between $270 billion and $280 billion, ahead of Saudi Aramco and BP.

Who owns most oil in the world?


Venezuela

has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves.

Who owns the most oil rigs?

  • Schlumberger – $32.8bn. …
  • Halliburton – $23.99bn. …
  • Baker Hughes – $22.9bn. …
  • Petrofac – $5.83bn. …
  • Weatherford – $5.74bn. …
  • China Oilfield Services Limited (COSL) – $3.17bn. …
  • Nabors Offshore – $3.05bn. …
  • Transocean – $3.01bn.

Who owns most of the oil in the US?


Texas

is by far the largest oil-producing state in the United States. In 2020, Texas produced a total of 1.78 billion barrels. In a distant second place is North Dakota, which produced 431.2 million barrels in the same year.

Who is America's biggest oil supplier?

Petroleum imports from

Canada

increased significantly since the 1990s, and Canada is now the largest single source of U.S. total petroleum and crude oil imports. In 2020, Canada was the source of 52% of U.S. total gross petroleum imports and 61% of gross crude oil imports.

Who owns the oil in the USA?

Rank Company Million Bbl/Year 1

BP

237.0
2 Chevron 177.0 3 ConocoPhillips 153.0 4 Exxon Mobil 112.0

Is oil a good investment in 2021?


Oil and gas stocks have led the market higher so far in 2021

, a surprise after struggling for years to generate market-beating returns. Rising oil and natural gas prices have driven energy stocks higher and an improving economy could help demand and prices throughout the year.

What is the best oil stock to buy now?

  • Dorian LPG Ltd. (NYSE: LPG)
  • Pioneer Natural Resources Company (NYSE: PXD)
  • Devon Energy Corporation (NYSE: DVN)
  • CNX Resources Corporation (NYSE: CNX)
  • ConocoPhillips (NYSE: COP)

Is it a good idea to invest in oil?

Investing in the oil and gas industry carries a number of significant risks. … However, long-term investments in oil and gas companies can also

be highly profitable

. Investors should fully grasp the risks before making investments in the sector.

What country has the most oil?

# Country Oil Reserves (barrels) in 2016 1

Venezuela

299,953,000,000
2 Saudi Arabia 266,578,000,000 3 Canada 170,863,000,000 4 Iran 157,530,000,000

Who is the richest person in the world?


Jeff Bezos

is the founder of both Amazon, the world's largest retailer, and Blue Origin. With an estimated net worth of $177 billion, he is the richest man in the world.

What is the biggest oil spill in history?

On April 20, 2010, the oil drilling rig

Deepwater Horizon

, operating in the Macondo Prospect in the Gulf of Mexico, exploded and sank resulting in the death of 11 workers on the Deepwater Horizon and the largest spill of oil in the history of marine oil drilling operations.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.