In this piece, we will take a look at the five biggest gas companies in the world. If you to learn more about the industry and look at more stocks, then take head on over to 15 Biggest Gas Companies in the World.
5. Shell plc (NYSE:SHEL)
Number of Hedge Fund Holders: 39
Revenue By the end of 2021: $273 billion
Shell plc (NYSE:SHEL) is a company that explores and transports crude oil and natural gas. It also sells these fuels as well as liquefied natural gas (LNG). The firm is headquartered in London, United Kingdom.
Shell plc (NYSE:SHEL) raked in $273 billion in revenue by the end of last year, and the firm aims to spend as much as $27 billion to acquire interests in another company. The firm’s third quarter saw it rake in $96 billion in revenue, which marked a 50% growth over last year’s third quarter. Shell plc (NYSE:SHEL) is also starting a $4 billion share buyback program that will cover three months.
Insider Monkey’s 895 hedge fund survey for their Q2 2022 holdings revealed that 39 had held a stake in Shell plc (NYSE:SHEL).
Shell plc (NYSE:SHEL)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 20 million shares that are worth $1 billion.
4. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 72
Revenue By the end of 2021: $286 billion
Exxon Mobil Corporation (NYSE:XOM) is an American company that explores, produces, transports, and sells crude oil and natural gas. The firm is one of the oldest companies in the world as it was set up in 1870 and it has more than 20,000 wells all over the globe.
Exxon Mobil Corporation (NYSE:XOM) came at the center of controversy in October 2022, when Reuters reported that the Russian government had completely taken over its assets in the country, which had been valued at $4 billion. The company’s 2021 revenue stood at $286 billion, and it reported $112 billion in revenue as part of its third quarter earnings.
Exxon Mobil Corporation (NYSE:XOM) pays an 88 cent dividend for a 3.27% yield, and by the end of this year’s second quarter, 72 out of the 895 hedge funds polled by Insider Monkey had held a stake in the company.
Exxon Mobil Corporation (NYSE:XOM)’s largest investor in our database is Rajiv Jain’s GQG Partners which owns 47 million shares that are worth $4 billion.
3. Saudi Arabian Oil Company (TADAWUL:2222.SR)
Number of Hedge Fund Holders: N/A
Revenue By the end of 2021: $400 billion
Saudi Arabian Oil Company (TADAWUL:2222.SR) is the biggest Saudi oil company that is managed by the Saudi Arabian government. The firm is headquartered in Dhahran, the Kingdom of Saudi Arabia.
Saudi Arabian Oil Company (TADAWUL:2222.SR) has one of the largest gas reserves in the world, and the firm has access to more than 194 trillion cubic feet of natural gas reserves. Its 2021 revenue stood at $400 billion, which made it one of the largest companies in the world in terms of revenue. The firm also announced a $1.5 billion fund in October 2022, stressing that it will focus on alternative energy but that such a transition will take time. Saudi Arabian Oil Company (TADAWUL:2222.SR) is aiming to launch an initial public offering (IPO) of its oil trading unit, with the unit expected to be valued at more than $30 billion.
2. China Petroleum & Chemical Corporation (HKSE:0386.HK)
Number of Hedge Fund Holders: N/A
Revenue By the end of 2021: $425 billion
China Petroleum & Chemical Corporation (HKSE:0386.HK) is an oil company headquartered in Beijing, China. The firm explores and develops resources for producing crude oil and natural gas.
China Petroleum & Chemical Corporation (HKSE:0386.HK) is one of the largest gas companies in the world, The company has grown its gas production substantially over the past decade, with the current production of 53 billion cubic meters in 2021 marking a vast increase over the 2012 reading of 3 billion cubic feet. China Petroleum & Chemical Corporation (HKSE:0386.HK) 2021 revenue was $425 billion.
China Petroleum & Chemical Corporation (HKSE:0386.HK) also announced a major gas field discovery in October 2022, in the form of a shale gas reserve in China with an estimated capacity of 387 billion cubic feet.
1. PetroChina Company Limited (HKSE:0857.HK)
Number of Hedge Fund Holders: N/A
Revenue By the end of 2021: $435 billion
PetroChina Company Limited (HKSE:0857.HK) is the listed division of China’s China National Petroleum Corporation (CNPC). The company explores, markets, and sells natural gas. It owns more than 17,000 kilometers of natural gas pipelines and is headquartered in Beijing, the People’s Republic of China.
PetroChina Company Limited (HKSE:0857.HK) brought in $435 billion in revenue last year, and the firm’s latest fiscal quarter saw it heavily focus on natural gas. During the quarter, PetroChina Company Limited (HKSE:0857.HK) revealed that the first three quarters of 2022 saw it sell 189.5 billion cubic meters of gas, the bulk of which was represented by domestic sales. It also earned RMB15.6 billion of operating profit from natural gas and its marketable natural gas output stood at 3,445 bcf during the first three months of 2022.
Disclosure: None. You can also take a look at 10 Best ESG Stocks to Invest In and 10 Best Stocks to Buy According to Billionaire Dan Loeb.
