In this article, we will take a look at the 5 biggest natural resources companies in the world. If you want to read our introduction about the industry, then go directly at 20 Biggest Natural Resources Companies in the World.
5. NextEra Energy, Inc. (NYSE:NEE)
Market Capitalization: $166.23B
One of the biggest solar and renewable energy companies in the world, NextEra Energy, Inc. (NYSE:NEE) provides electricity to millions of householders in the country. NextEra Energy, Inc. (NYSE:NEE) is the world’s largest generator of renewable energy from wind and sun. Some of NextEra Energy, Inc. (NYSE:NEE)’s plants also run on nuclear energy and natural gas.
ClearBridge Investments made the following comment about NextEra Energy, Inc. (NYSE:NEE) in its Q3 2022 investor letter:
“NextEra Energy, Inc. (NYSE:NEE) is an integrated utility business with a regulated utility operating in Florida and the largest wind business in the U.S. NextEra’s regulated business includes Florida Power & Light, which serves nine million people in Florida. NextEra’s share price rose along with the passage of the U.S. Inflation Reduction Act, which considerably expands support for renewable energy.”
4. Royal Dutch Shell plc (NYSE:SHEL)
Market Capitalization: $201B
Royal Dutch Shell plc (NYSE:SHEL) is one of the most recognizable oil companies in the world. Earlier this month, the oil giant said that despite plant outages, its Q4 numbers for the gas-trading unit are expected to be much stronger that Q3 figures. The company also said it now expects Q4 production from its Upstream segment of 1.825 million – 1.925 million boe/day, up from the previous estimates of 1.75 million – 1.95 million boe/day.
3. Chevron Corporation (NYSE:CVX)
Market Capitalization: $341B
The California-based giant Chevron Corporation (NYSE:CVX) operates in hydrocarbon exploration and production, sales, power generation and all other important areas of the oil and gas industry. This natural resource company raked in a revenue of over $227 billion on a TTM basis.
Recently, Bank of America downgraded Chevron Corporation (NYSE:CVX) to Neutral from Buy with a $191 price target.
2. Exxon Mobil Corporation (NYSE:XOM)
Market Capitalization: $455B
The importance and influence of Exxon Mobil Corporation (NYSE:XOM) could be gauged from the fact that the company accounts for 2% of the world’s energy and 3% of the planet’s oil demands. Earlier this month, Exxon Mobil Corporation (NYSE:XOM) warned investors that it expected to post weak profits in Q4 as lower energy prices dented its business. Exxon Mobil Corporation (NYSE:XOM) said it expects that the total impact of lower natural gas prices would be between $2 billion to $2.3 billion. Exxon Mobil Corporation (NYSE:XOM), however, said the losses because of the lower crude oil prices were partially offset by $1.3 billion-$1.5 billion in upstream mark-to-market derivative gains.
Oil and gas companies are currently feeling some pressure amid warmer-than-expected winters, which are keeping energy demand lower than expected.
1. Saudi Aramco Base Oil Company
Market Capitalization: $1.8T
With a market cap of $1.8 trillion, Saudi Aramco is the leading natural resource company in the world. Estimates suggest that the company has 270 billion barrels in oil reserves. Saudi Aramco’s size is expected to gain in the months and years to come as global uncertainty and Russia-Ukraine war will continue to boost oil prices and demand.
You can also take a peek at 10 Stocks to Buy According to Mark T. Gallogly’s Centerbridge Partners and 8 Stocks to Buy According to Alexander Captain’s Cat Rock Capital.
