oil and gas companies

14 World’s Biggest Oil and Gas Companies

14 World’s Biggest Oil and Gas Companies- According to data from the Annual Report of Oil and Gas Companies in 2020, there are 14 Biggest Oil and Gas Companies in the World. This company certainly has abundant assets with profits of up to billions of US dollars. As we all know, these companies certainly have abundant oil and gas production and processed it to the derivative products that humans need so that they can generate abundant profits.

 oil and gas companies- King of Oil and Gas Companies

Oil and gas are natural resources found under the earth’s surface. There are liquids and gases as well. In detail, oil and natural gas are found in the pores of rocks in a pool in the bowels of the earth. Along with the passage of time and technological developments, the need for oil and gas is increasing day by day because it is based on the increasing number of motorized vehicle users, and human needs that are increasing from time to time.

As a part of natural wealth, oil and gas are one of the energy producers. Of course, these natural resources provide several benefits needed for daily activities. Starting from the production and processing of food and beverages, building shelter, making clothes, to telecommunications and transportation, energy resources are needed by humans.

Here is the performance of oil and gas companies in 2020. The following is the company’s performance based on the net profit generated in 2020. This data is obtained from the 2020 Annual Report.


Table Rank of Biggest Oil and Gas Companies Based on Net Income in 2020

RankName of CompanyRevenueRevenueNet Income (Loss)Net Income (Loss)
Origin CurrencyUS Dollar Origin CurrencyUS Dollar
1Saudi Aramco204 Billion US Dollar204 Billion US Dollar49 Billion US Dollar49 Billion US Dollar
2Petrochina1,933,836 Million RMB309 Billion US Dollar 33,481 Million RMB5.3 Billion US Dollar
3Gazprom 614,851 Million RUB8.6 Billion US Dollar 162,407 Million RUB2.2 Billion US Dollar
4LukOil5,639 Billion RUB 78 Billion US Dollar 16 Billion Rub 224 Million US Dollar
5Kuwait National Petroleum 7,598 Million KD25 Billion US Dollar(-45 Million KD)(-149 Million US Dollar)
6Valero64,912 Million US Dollar 64 Billion US Dollar (-1,107 Million US Dollar)(-1.1 Billion US Dollar)
7Phillips 6665,494 Million US Dollar 65 Billion US Dollar (-3,714 Million US Dollar)(-3 Billion US Dollar)
8Chevron94,692 Million US Dollar 94 Billion US Dollar (-5,561 million US Dollar)(-5.5 Billion US Dollar)
9Total140,685 Million US Dollar 14 Billion US Dollar (-7,336 Million US Dollar)(-7.3 Billion US Dollar)
10Marathon Petroleum 69,032 Million US Dollar 69 Billion US Dollar (-9,826 Million US Dollar)(-9 Billion US Dollar)
11Eni44,947 Million Euro 52 Billion US Dollar (-8,628 Million Euro)(-10 Billion US Dollar)
12British Petroleum183,500 Million US Dollar 183 Billion US Dollar (-20,729) Million US Dollar)(-20 Billion US Dollar )
13Royal Dutch Shell183,195 Million US Dollar 183 Billion US Dollar (-21,534 Million US Dollar)(-21 Billion US Dollar )
14Exxon Mobil 178,574 Million US Dollar 178 Billion US Dollar (-22,440 Million US Dollar) (-22 Billion US Dollar)
Description : Origin Currency = Currency in the Annual Report
Source : Annual Report, 2020
Currrency Rate :
1 Renminbi (RMB)= 0.16 US Dollar (USD)
1 Euro = 1.16 US Dollar (USD)
1 Russian Rubles(RUB) = 0.014 US Dollar (USD)
1 Dinar Kuwat (KD) = 3.31 US Dollar (USD)

Besides the revenue and the net income, there are some additional databases related to the financial position of the oil and gas companies i.e., assets and liabilities. This data is taken from the Balance Sheet, Company Annual Report in 2020.


Table of Biggest Oil and Gas Companies Based on Assets in 2020

Number Name of CompanyAssetsAssetsLiabilitiesLiabilities
Origin CurrencyUS Dollar Origin CurrencyUS Dollar
1Saudi Aramco510 Billion US Dollar510 Billion US Dollar216 Billion US Dollar217 Billion US Dollar
2Petrochina2,488,400 Million RMB398 Billion US Dollar 1,121,515 Million RMB179 Billion US Dollar
3Royal Dutch Shell379,268 Million US Dollar 379 Billion US Dollar 220,731 Million US Dollar 220 Billion US Dollar
4Exxon Mobil 332,750 Million US Dollar 332 Billion US Dollar 168,620 Million US Dollar 168 Billion US Dollar
5Gazprom 23,352,185 Million Rubles326 Billion US Dollar8,547,453 Million Rubles119 Billion US Dollar
6British Petroleum267,654 Million US Dollar267 Billion US Dollar182,086 Million US Dollar 182 Billion US Dollar
7Total266,132 Million US Dollar 266 Billion US Dollar 160,071 Million US Dollar160 Billion US Dollar
8Chevron239,790 Million US Dollar 239 Billion US Dollar 107,064 Million US Dollar 107 Billion US Dollar
9Eni 109,648 Million Euro 127 Billion US Dollar 72,155 Million Euro 83 Billion US Dollar
10Marathon Petroleum 85,158 Million US Dollar85 Billion US Dollar54,938 Million US Dollar54 Billion US Dollar
11LukOil5,991,579 Million Rubles83 Billion US Dollar 1,860,813 Million Rubles26 Billion US Dollar
12Phillips 6654,721 Million US dollar 54 Billion US dollar 33,198 Million US Dollar 33 Billion US Dollar
13Valero 51,774 Million US Dollar 51 Billion US Dollar 32 Billion US Dollar 32 Billion US Dollar
14Kuwait National Petroleum9,979 Million KD 33 Billion US Dollar 8,269 Million KD27 Billion US Dollar
Description : Origin Currency = Currency in the Annual Report
Source : Annual Report, 2020
Currrency Rate :
1 Renminbi (RMB)= 0.16 US Dollar (USD)
1 Euro = 1.16 US Dollar (USD)
1 Russian Rubles(RUB) = 0.014 US Dollar (USD)
1 Dinar Kuwat (KD) = 3.31 US Dollar (USD)


Brief Description of the World’s Biggest Oil and Gas Companies in 2020

 oil and gas companies _brief Description


1. Saudi Aramco

the Saudi Arabian Oil Company or commonly known as Saudi Aramco is one of the world’s biggest oil and gas companies. This Company was founded on 29 May 1933 and has its main office in Dhahran, Saudi Arabia.  This company has abundant resources of oil gas with Total hydrocarbon reserves of 255.2 Billion Barrels of Oil Equivalent (BOE) and Total reserves of crude oil and condensate of around 198.8 billion barrels. Operationally, this company has a Gross refining capacity of 6.4 million barrels per day (mmbpd).

 oil and gas companies- Saudi Aramco

In 2019, Aramco becomes a public company with shares listed on Tadawul or Saudi Stock Exchange. Aramco achieves a historic highest single-day crude oil production of 12.1 million barrels per day (mmbpd) and the highest single-day natural gas production of 10.7 billion Standard Cubic Feet per Day (BSCFD). Aramco completes its historic acquisition of a 70% stake in SABIC of Saudi Basic Industries Corporation. Financially, in 2020, the company generated 204 billion US dollars, and net income reach 49 billion US dollars. This is the biggest profit/ net income of the other oil gas companies in 2020.


2. PetroChina

 oil and gas companies - PetroChina

PetroChina Company Limited or commonly known as PetroChina is one of the biggest ones. The Company was established as a joint-stock company with limited liability under the Company Law of the People’s Republic of China (the “PRC” or “China”) (the “Company Law”) on November 5, 1999, as part of the restructuring of China National Petroleum Corporation (“CNPC”). Operationally, this company has a main office in Dongzhimen North Street, Dongcheng District, Beijing. Financially, in 2020, the revenue of the company reaches 1,933,836 million RMB or equivalent with 309 billion US Dollars meanwhile, Net Income reaches 33,481 million RMB or equivalent with 5.3 billion US Dollars.


3. Royal Dutch Shell

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company. This company has two main offices i.e., Haagse Hout, The Hague,​ Netherlands (Headquarters) and Shell Centre, London,​ England, UK (Registered office). Historically, this company was founded in April 1907 by Marcus & Samuel, Jean B.A. Kessler, Henri Deterding, and Hugo Loudon.

 oil and gas companies- Shell

Operationally, in 2020, the production of oil and gas is around Crude oil and natural gas liquids 1.7 million Barrels of Oil Equivalent Per Day (BOE/D), Synthetic crude oil 51 thousand Barrels of Oil Equivalent Per Day (BOE/D), Natural gas [B] 1,583 thousand Barrels of Oil Equivalent Per Day (BOE/D). Financially the revenue of the company reaches reach 183 billion US Dollar but have net loss reach (-21 Billion US Dollar)


4. Exxon Mobil

Exxon Mobil Corporation is founded on November 30, 1999, with the merger between Exxon and Mobil. Along with the development of the company, the number of regular employees was seventy-two thousand in 2020. This company has some exploration areas in some countries especially they initiated oil and gas exploration activities in Guyana in 2008.

 oil and gas companies - ExxonMobil

In 2020, the production of total crude oil reach 1.6 million barrels per day and 276 thousand barrels per day of natural gas liquids production. Financially, the company generates revenue to reach 178 billion US dollars but has a net loss reach (-22 Billion US dollars).


5. Gazprom

PJSC Gazprom is the next biggest one. This company is still owned by the Russian government with a majority percentage of 50.23%. Historically, this company was founded on August 8, 1989, and has its main office in Saint Petersburg, Russia. Financially, this company can generate 614,851 million Rubles or equivalent with 8.6 billion US Dollars and net income reach 162,407 million Rubles or equivalent with 2.2 billion US Dollar.

 oil and gas companies - Gazprom

As the world’s leading gas producer, Gazprom accounts for 12 percent of the global gas output and 68 percent of domestic gas production. At present, the Company is actively implementing large-scale gas development projects in the Yamal Peninsula, the Arctic shelf, Eastern Siberia, and the Russian Far East.


6. British Petroleum

 oil and gas companies - British Petroleum

The British Petroleum Company plc is the next British-based company that became the biggest oil and gas company. This company was founded by William Knox D’Arcy and Charles Greenway in April 1909. Operationally, this company has its main office in London, England. In 2020, based on the annual report, the company can generate revenue of 183 billion US Dollars but has a Net Loss reach (-20 Billion US dollars)


7. Total

 oil and gas companies- Total

Total is another company from Europe that become the biggest oil and gas company.  The total has the main office in Tour Total, Courbevoie, France. Historically, this company was founded by Ernest Mercier and Raymond Poincaré. Statistically, based on the performance in 2020, this company can produce Hydrocarbon with Liquids 69 thousand barrels per day (kb/d) and Gas 2,519 one thousand cubic feet /day (Mcf/d). Financially, the revenue of the company reaches 140,685 million US dollars but has a Net Loss reach (-7.3 Billion US dollars).


Check Our Video The Rank of 7 Biggest Oil and Gas Companies Based on Net Income / Profit


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8. Chevron

 oil and gas companies- Chevron

Chevron Corporation is an old company in the oil and gas industry. This company was founded on September 10, 1879, and has its main office in San Ramon, California. Statistically, the production of oil exploration activities reaches 3.08 million barrels of net oil per day with has Reverse of oil reach 11.1 billion barrels. Financially, this company generate revenue of 94 billion US Dollar but has net loss reach (-5.5 Billion US Dollar).


9. Eni

 oil and gas companies- Eni

Eni S.p.A is an Italian-based company that has its main office in Rome, Italy. Historically, this company was founded on 10 February 1953. Statistically, the company has Hydrocarbon’s production of 1.73 million Barrels of Oil Equivalent per day (mmboe/d) with Net proved reserves of 6.9 barrels of oil equivalent (bboe) in 2020. Financially, in 2020, the company has a revenue of around 44,947 million euros or equivalent to 52 billion US dollars but has a net loss reach (-8,628 Million Euro) or equivalent with (-10 Billion US Dollar).


10. Marathon Petroleum

 oil and gas companies- Marathon

Marathon Petroleum was founded on November 9, 2009, and has its main office in Findlay, Ohio, United States. Statistically, some production in 2020 is Gasoline 1,314 million Barrels Per Day (mbpd), Distillates 905 million Barrels Per Day (mbpd), Feedstocks and petrochemicals 244 million Barrels Per Day (mbpd), Asphalt 81 million Barrels Per Day (mbpd), Propane 51 million Barrels Per Day (mbpd), and Heavy fuel oil 28 million Barrels Per Day (mbpd). In 020, financially, the company generates revenue of 69 billion US dollars but has a net loss reach (-9 Billion US dollars).


11.Lukoil

 oil and gas companies - Lukoil

PJSC Lukoil Oil Company or commonly known as Lukoil was Founded on 25 November 1991 by Vagit Alekperov. In 2020, the company’s revenue reach 5,639 billion RUB or equivalent with 78 billion US Dollar and net income reach 16 billion Rub or equivalent with 224 million US Dollar


12. Phillips 66

 oil and gas companies - Phillips 66

The Phillips 66 Company that formerly known as ConocoPhillips (2002–2012) was founded by L.E. Phillips and Frank Phillips. This company has the main office in Westchase, Houston, Texas, the U.S. in 2020, the company’s revenue reach 65,494 million but has a net loss reach (-3,714 Million US Dollars).


13.Valero

Valero was founded on January 1, 1980, and has a main office in San Antonio, Texas, United States. Financially, this company has revenue of 64 billion US dollars but has Net loss reach (-1,107 Million US Dollars).  Along with the development of the company, this company has 15 petroleum refineries that produce conventional gasoline, premium gasoline, reformulated gasoline, gasoline meeting the

 oil and gas companies- Valero

specifications of the California Air Resources Board (CARB), diesel, low-sulfur diesel, ultra-low-sulfur diesel, CARB diesel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined petroleum products.


14. Kuwait National Petroleum

 oil and gas companies- Kuwait National Petroleum

The Kuwait National Petroleum Company (KNPC) was established in October 1960. Financially, in 2020, this company has a Revenue of 7,598 million KD or equivalent with 25 billion US dollars but has a net loss reach (-45 Million KD) or equivalent with (-149 Million US Dollars).



Here is our Video of Rank 8-14 Biggest Oil and Gas Companies in 2020. Check this Out…


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Bibliography of 14 World’s Biggest Oil and Gas Companies

Saudi Aramco. 2021. Annual Report 2020. Accessed via https://www.aramco.com/en/investors/reports-and-presentations  on September 12, 2021

PetroChina. 2021. Annual Report 2020. Accessed via http://www.petrochina.com.cn/ptr/ndbg/dqbg_list.shtml  on September 12, 2021

Royal Dutch Shell. 2021. Annual Report 2020. Accessed via https://www.shell.com/about-us/annual-publications/annual-reports-download-centre.html  on September 12, 2021

Exxon Mobil. 2021. Annual Report 2020. Accessed via https://corporate.exxonmobil.com/investors/annual-report  on  September 12, 2021

Gazprom. 2021. Annual Report 2020. Accessed via https://www.gazprom.com/investors/disclosure/reports/2020/  on September 12, 2021

British Petroleum. 2021. Annual Report 2020. Accessed via https://www.bp.com/en/global/corporate/investors/results-and-reporting/annual-report.html  on September 12, 2021

Total. 2021. Annual Report 2020. Accessed via https://totalenergies.com/investors/publications-and-regulated-information/regulated-information/annual-financial-reports  on September 12, 2021

Chevron. 2021. Annual Report 2020. Accessed via https://www.chevron.com/annual-report  on September 12, 2021

Eni. 2021. Annual Report 2020. Accessed via https://www.eni.com/en-IT/investors/reports.html  on September 12, 2021

Marathon Petroleum. 2021. Annual Report 2020. Accessed via https://www.marathonpetroleum.com/Investors/Annual-Report-Proxy-Statement/  on September 12, 2021

Lukoil. 2021. Annual Report 2020. Accessed via https://www.lukoil.com/InvestorAndShareholderCenter/ReportsAndPresentations/AnnualReports  on September 12, 2021

Phillips 66. 2021. Annual Report 2020. Accessed via https://investor.phillips66.com/financial-information/default.aspx  on September 12, 2021

Valero. 2021. Annual Report 2020. Accessed via https://investorvalero.com/home/default.aspx  on September 12, 2021

Kuwait National Petroleum. 2021. Annual Report 2020. Accessed via https://www.knpc.com/en/media/publications/annual-reports   on September 12, 2021

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