10 Largest Energy Companies In the World

In the article, we discuss the 25 largest energy companies according to their market capitalization. To read the industry analysis, go directly to the 25 Largest Energy Companies In the World.

10. Abu Dhabi National Energy Company, PJSC (ADX:TAQA)

Market Cap as of February 23: $103.47 billion

Abu Dhabi National Energy Company, PJSC (ADX:TAQA) is a government-controlled energy company operating in 11 countries. The company is headquartered in Abu Dhabi, UAE. It holds a controlling stake in several power generation and water desalination plants in the country. Furthermore, Abu Dhabi National Energy Company, PJSC (ADX:TAQA) also owns several oil and gas exploration and production facilities in Europe and North America.

9. BP p.l.c. (NYSE:BP)

Market Cap as of February 23: $121.66 billion

BP p.l.c. (NYSE:BP) is a British oil and gas company headquartered in London. The company focuses on upstream and downstream oil and gas operations and is now moving towards renewable energy to meet its net zero target emissions by 2050 or sooner. BP p.l.c. (NYSE:BP) one of the first supermajors of oil companies that are planning to make a move towards bioenergy, hydrogen, and carbon capture solutions.

Moreover, On February 15, BP p.l.c. (NYSE:BP) announced that it is planning to invest $1 billion in EV charging in the United States by 2030.

8. ConocoPhillips (NYSE:COP)

Market Cap as of February 23: $128.49 billion

ConocoPhillips (NYSE:COP) is a Texas-based oil and gas company. Its products include crude oil, natural gas, natural gas liquids, liquified natural gas, and bitumen. In 2022, the company produced 1.738 barrels of oil equivalent per day.

ConocoPhillips (NYSE:COP) just recently partnered with Qatar Energy to supply gas to Germany from 2026. The agreement has been signed for 15 years of supply.

7. PetroChina Company Limited (601857.SS)

Market Cap as of February 23: $134.51 billion

PetroChina Company Limited (601857.SS) is a Chinese state-owned oil and gas company. It is the largest oil and gas producer in Asia and was founded in 1999. It is an integrated oil and gas company, which means that it engages in all oil and gas operations from exploration to distribution.

PetroChina Company Limited (601857.SS) is listed on Shanghai Stock Exchange along with the Hong Kong Stock exchange and represents 50% to 60% of China’s domestic oil and gas production.

6. NextEra Energy, Inc. (NYSE:NEE)

Market Cap as of February 23: $144.82 billion

NextEra Energy, Inc. (NYSE:NEE) is an American electric power company with 45.5 GW of net generating capacity. The company was founded in 1984 and is headquartered in Florida, USA.

NextEra Energy, Inc. (NYSE:NEE)’s subsidiary NextEra Energy Resources, LLC is the world’s largest renewable energy producer of wind and solar power. According to the management, the subsidiary has 28 GW of renewable generation in operation and 18 GW of renewable generation under development.

5. TotalEnergies SE (NYSE:TTE)

Market Cap as of February 23: $158 billion

TotalEnergies SE (NYSE:TTE) is a French oil and gas company. It also produces low-carbon electricity. TotalEnergies SE (NYSE:TTE) is considered one of the most profitable European companies.

TotalEnergies SE (NYSE:TTE) was founded in 1924 in Franch and ranked number 29 in Forbes Global 2000 in 2022.

4. Shell plc (NYSE:SHEL)

Market Cap as of February 23: $212.2 billion

Shell plc (NYSE:SHEL) is a British oil and gas company. The company also has smaller operations in construction and mining. It is the largest company in the United Kingdom by market capitalization.

Shell plc (NYSE:SHEL) is making a slowly making transition toward renewable energy with wind and solar power projects and aims to reduce its carbon emissions by 50% by 2030.

3. Chevron Corporation (NYSE:CVX)

Market Cap as of February 23: $313.11 billion

One of Warren Buffet’s favorite stocks, Chevron Corporation (NYSE:CVX) is an American oil and gas company. It is also one of the biggest natural gas pipeline companies in the world. In 2022, the company produced 3 million barrels of oil equivalent per day.

Chevron Corporation (NYSE:CVX)’s fourth quarter 2022 report showed a shortfall in its upstream production. To counter that, the company is in talks with the Algerian government to explore the shale reserves in the country.

2. Exxon Mobil Corporation (NYSE:XOM)

Market Cap as of February 23: $452.04 billion

Exxon Mobil Corporation (NYSE:XOM) is the largest integrated oil and gas company in the United States. Apart from oil and gas, the company is also involved in the renewable energy segment with carbon capture and storage solutions, hydrogen, and lower-emission fuels.

With a TTM net income of  $34.4 billion, Exxon Mobil Corporation (NYSE:XOM) is the fifth most profitable oil company in the world.

1. Saudi Arabian Oil Company (2222.SR)

Market Cap as of February 23: $1.866 trillion

Headquartered in Dhahran, Saudi Arabia, Saudi Arabian Oil Company (2222.SR) is the largest energy company in the world by market capitalization. On May 13, 2022, the company’s market capitalization surpassed Apple Inc. (NASDAQ:AAPL) to become the largest company in the world by market cap. However, on December 21, Apple Inc. (NASDAQ:AAPL) took back first place from the company.

With over 270 billion barrels, the Saudi Arabian Oil Company (2222.SR) has the second-largest proven oil reserves in the world. Saudi Arabian Oil Company (2222.SR)’s products include crude oil, natural gas, and petrochemical derivatives.

Disclosure: None. You can also take a peek at the 10 High Growth Micro-Cap Stocks to Buy According to Hedge Funds and the 13 High Growth Pharma Stocks that are Profitable

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