In this article, we discuss 5 of the biggest European energy companies. If you want to see more of the biggest European energy companies, go directly to 15 Biggest European Energy Companies.
5. Glencore
Revenue: $203.75 Billion
Glencore is a global natural resource company with headquarters in Switzerland that also operates in the energy industry. In terms of energy, Glencore is a major producer and marketer of coal and its oil business is one of the leading marketers of crude oil, refined products and natural gas. Given its scale, Glencore ranks #5 on our list of 15 Biggest European Energy Companies with revenue of $203.75 billion.
4. BP plc (NYSE:BP)
Revenue: $222.68 Billion
BP plc (NYSE:BP) is one of the largest oil and gas companies in the world with revenues of $222.68 billion. Although it has headquarters in the UK, which is no longer part of the European Union anymore, the UK is still part of Europe, and thus BP plc (NYSE:BP) ranks #4 on our list of 15 Biggest European Energy Companies. For the third quarter, BP plc (NYSE:BP) reported underlying replacement cost profit of $8.2 billion, compared with $8.5 billion for the previous quarter. During the period, the company completed buybacks of $2.9 billion and net debt fell for the 10th consecutive quarter to end the period at $22 billion.
3. Uniper
2. TotalEnergies SE (NYSE:TTE)
Revenue: $272.76 Billion
TotalEnergies SE (NYSE:TTE) is a leading integrated oil and gas company based in France with revenues of $272.76 billion. With 105,000 employees, and operations in 130 countries, TotalEnergies SE (NYSE:TTE) has substantial scale that helps its margins and also helps meet global energy demand. As it transitions into a more sustainable future, TotalEnergies SE (NYSE:TTE) “will maintain discipline on its investment program, which will be $13-15 billion per year for 2022-25 and will allocate 50% of these investments to growing its activities and 50% to maintaining the base of its activities, 50% of the growth investments will be dedicated to the development of new energies, mainly renewables and electricity, and the other 50% to natural gas, essentially LNG.”
1. Shell plc (NYSE:SHEL)
Revenue: $365.29 Billion
With revenue of $365.29 billion, Shell plc (NYSE:SHEL) ranks #1 on our list of 15 Biggest European Energy Companies. Based in Britain, Shell plc (NYSE:SHEL) is an oil and gas multinational that has substantial scale. The company has over 80,000 employees in over 70 countries with an upstream business, a downstream business, an integrated gas business, and a renewable and energy solutions business. The company’s upstream business is one of the largest in the world while its downstream business serves 32 million customers in over 46,000 retail sites every day. Shell plc (NYSE:SHEL)’s integrated gas organization manages the company’s LNG activities and production of gas to liquids fuels and other products. Meanwhile the company’s Renewables and Energy solutions include hydrogen, power from renewable and low carbon sources such as wind, and solar.
You can also take a look at 15 Biggest IT Companies in the World and 15 Biggest Insurance Companies in the World.
