The global oil industry is dominated by several key players, each contributing significantly to the world’s energy supply. This article provides an overview of some of the largest oil companies, highlighting their daily production, headquarters, leadership, and founding history.
Saudi Aramco
Saudi Aramco, officially known as the Saudi Arabian Oil Company, stands as the world’s largest oil producer. Headquartered in Dhahran, Saudi Arabia, it boasts a daily oil production of approximately 11.5 million barrels. Amin H. Nasser serves as the President and CEO, leading the company since 2015. Established in 1933, Saudi Aramco has grown into a global energy giant, managing vast reserves and extensive operations worldwide.
China Petroleum & Chemical Corporation (Sinopec)
Sinopec, officially China Petroleum & Chemical Corporation, ranks among the top oil companies globally. Its headquarters are located in Beijing, China. The company produces approximately 4.6 million barrels of oil per day. Ma Yongsheng serves as the Chairman and President, overseeing its vast operations. Founded in 1998, Sinopec has expanded rapidly, becoming a major player in the international oil and gas industry.
PetroChina
PetroChina, a subsidiary of China National Petroleum Corporation (CNPC), is one of the world’s leading oil producers. Headquartered in Beijing, China, it has a daily oil production of around 4 million barrels. Dai Houliang serves as the Chairman, guiding the company’s strategic direction. Established in 1999, PetroChina has grown to become a significant entity in the global energy sector.
ExxonMobil
ExxonMobil, an American multinational oil and gas corporation, is headquartered in Irving, Texas. The company produces approximately 2.3 million barrels of oil per day. Darren W. Woods serves as the Chairman and CEO, leading the company since 2017. Formed in 1999 through the merger of Exxon and Mobil, ExxonMobil traces its roots back to John D. Rockefeller’s Standard Oil, making it a longstanding leader in the energy industry.
Shell
Shell, officially known as Royal Dutch Shell plc, is a British-Dutch multinational oil and gas company. Its headquarters are located in The Hague, Netherlands. The company has a daily oil production of approximately 2.9 million barrels. Wael Sawan serves as the CEO, having taken the role in 2023. Founded in 1907, Shell has a rich history and a significant presence in the global energy market.
TotalEnergies
TotalEnergies SE, formerly known as Total, is a French multinational integrated oil and gas company. Headquartered in Paris, France, it produces around 2.8 million barrels of oil per day. Patrick Pouyanné serves as the Chairman and CEO, leading the company since 2014. Established in 1924, TotalEnergies has evolved into a major player in the global energy sector, with operations spanning across various continents.
Chevron
Chevron Corporation, an American multinational energy corporation, is headquartered in San Ramon, California. The company produces approximately 1.8 million barrels of oil per day. Michael K. Wirth serves as the Chairman and CEO, leading the company since 2018. Founded in 1879 as Pacific Coast Oil Co., Chevron has grown through various mergers and acquisitions to become a significant entity in the global oil industry.
BP
BP p.l.c., formerly known as British Petroleum, is a British multinational oil and gas company. Its headquarters are located in London, England. The company has a daily oil production of approximately 2.3 million barrels. Murray Auchincloss serves as the CEO, having taken the role in 2024. Founded in 1909 as the Anglo-Persian Oil Company, BP has a long-standing history in the energy sector, with operations spanning across the globe.
Marathon Petroleum
Marathon Petroleum Corporation, headquartered in Findlay, Ohio, is a leading American petroleum refining, marketing, and transportation company. As of 2020, it had a total crude oil refining capacity of approximately 3,067,000 barrels per calendar day, making it the largest refiner in the United States. Maryann Mannen serves as the President and CEO, having assumed the role on August 1, 2024. The company traces its origins back to 1887, with its current form established in 2009 following a spin-off from Marathon Oil.
Wikipedia
Valero Energy
Valero Energy Corporation, based in San Antonio, Texas, is a prominent international manufacturer and marketer of transportation fuels and petrochemical products. The company operates 15 refineries with a combined throughput capacity of approximately 3.2 million barrels per day. Joe Gorder has been leading Valero as Chairman and CEO since 2014. Founded in 1980, Valero has grown to become a significant player in the global energy sector.
Gazprom
Gazprom, headquartered in Saint Petersburg, Russia, is a global energy company primarily focused on geological exploration, production, transportation, storage, processing, and sales of gas, gas condensate, and oil. It is the world’s largest producer of natural gas, with significant oil production as well. Alexey Miller has been serving as the Chairman of the Management Committee since 2001. Established in 1989, Gazprom has played a crucial role in Russia’s energy industry and the global energy market.
Rosneft
Rosneft, based in Moscow, Russia, is a leading global oil company engaged in exploration, production, refining, and marketing of oil and gas. The company produces approximately 4 million barrels of oil per day. Igor Sechin has been at the helm as CEO since 2012. Founded in 1993, Rosneft has expanded its operations to become a major player in the international oil industry.
Phillips 66
Phillips 66, headquartered in Houston, Texas, is an American multinational energy company engaged in refining, transporting, and marketing natural gas liquids and petrochemicals. The company operates 13 refineries with a net crude oil capacity of approximately 2.2 million barrels per day. Mark Lashier serves as the President and CEO, having assumed the role in 2022. Phillips 66 was established in 2012 following a spin-off from ConocoPhillips, though its history dates back to the early 20th century.
Lukoil
Lukoil, headquartered in Moscow, Russia, is one of the largest publicly traded, vertically integrated oil and gas companies in the world. The company produces approximately 1.6 million barrels of oil per day. Vadim Vorobyov serves as the President and CEO. Founded in 1991, Lukoil has expanded its operations across more than 30 countries, playing a significant role in the global energy market.
Wikipedia
Eni
Eni S.p.A., based in Rome, Italy, is a multinational oil and gas company operating in 69 countries. The company produces approximately 1.7 million barrels of oil equivalent per day. Claudio Descalzi has been serving as the CEO since 2014. Established in 1953, Eni has grown to become a major integrated energy company with a strong presence in the global oil and gas industry.
This article originally appeared on Rarest.org.
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