The energy industry comprises of companies involved in the exploration and development of oil and gas drilling and refining, oil and gas reserves, or integrated power utility companies including coal and renewable energy. The supply and demand for energy worldwide largely drives the performance in this sector. Therefore, oil and gas companies tend to fare well during times of inflation in oil and gas prices and subsequently face a decline when the value of the commodity drops. The energy industry is a highly promising sector for investors; they can look beyond oil and gas companies and also invest in renewables and alternative energy sources that have promising future growth prospects. Below is the list of the top global oil and gas companies who have constantly been meeting the energy demands of the world:
Gazprom
Gazprom is among the top players among the oil and gas companies in the world. The company was founded in the year 1989 and is headquartered in Moscow, Russia. This energy industry player deals mainly in production, transportation, storage, geological exploration, processing, and marketing of gas and other hydrocarbons. Interestingly, Gazprom owns the world’s most precious reserves of natural gas. They also have the largest gas transmission system on the globe.
Reliance Industries
Reliance industries is an Indian company, founded in the years 1966 and headquartered in Mumbai, India. The company’s expertise lies in the exploration and production of oil and gas, retail and special economic zones, and in petroleum refining and marketing textiles. In the year 2017, this company became the third largest energy firm in the world.
Exxon Mobil
Exxon Mobil is one of the oldest oil and gas companies in the world. It was founded in the year 1882 and is headquartered in Irving, Texas. This company is concerned with the exploration, discovery, and the distribution of oil and gas and other petroleum products. Exxon Mobil has enjoyed a successful journey of 125 years evolving from a regional marketer of kerosene in the U.S. to one of the largest oil and gas companies in the world.
Chevron
Chevron was founded in the year 1906 and is headquartered in San Ramon, California. The company offers financial, management, administrative, and tech support to the US and other international subsidiaries that engage in fully integrated petroleum, energy, chemicals, mining, and power generation operations.
Petro China
Petro China is headquartered in Beijing, China and was founded in the year 1999. They deal with the exploration, production, development, and sale of crude oil and natural gas. The company also specializes in the refining of crude oil and petroleum products, manufacturing and marketing of primary petrochemical products, derivative chemical products, and other chemical products. Petro China is one of the most popular and profitable oil and gas companies in China.
Total
Total is a French energy industry company that was founded in 1924 and is headquartered in Courbevoie, France. The company is famous for its exploration, development, production, and marketing of oil and gas. Total’s business is split into three operational sections, which are Upstream, Refining & Chemicals, Marketing & Services.
Royal Dutch Shell
Royal Dutch Shell headquartered in Hague, Netherlands was founded in the year 1907. This company is one of the largest producers of oil in the world, producing three million barrels of oil on an average every day. Shell operates in over 70 countries and is said to employ over 93,000 people on an average. In the year 2015; the company invested over $11 billion for research and development.
To know more about the top oil and gas companies in the world
[ess_grid alias=”Blog-studio” settings='{“max-entries”:”8″}’ special=’related’][/ess_grid]
