In this article we are going to list the 5 biggest oil refining companies in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 biggest oil refining companies in the world.
5. Total (NYSE:TOT)
Total revenue of the company in 2019 (in billions of dollars): 176,249
Total profit of the company in 2019 (in billions of dollars): 11,267
Total assets of the company in 2019 (in billions of dollars): 273,294
Total employees of the company in 2019: 107,776
The biggest oil refining company in France is active in several countries across the globe and is considered one of the major oil companies in the world.
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4. Exxon Mobil (NYSE:XOM)
Total revenue of the company in 2019 (in billions of dollars): 264,938
Total profit of the company in 2019 (in billions of dollars): 14,340
Total assets of the company in 2019 (in billions of dollars): 362,597
Total employees of the company in 2019: 74,900
ExxonMobil has been accused of funding climate change deniers, and when you’re one of the biggest oil refining companies in the world, such unethical activities are just part and parcel of the business you’re in. It is it the biggest oil refining company in the US.
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3. Royal Dutch Shell (NYSE:RDS)
Total revenue of the company in 2019 (in billions of dollars): 352,106
Total profit of the company in 2019 (in billions of dollars): 15,842
Total assets of the company in 2019 (in billions of dollars): 404,336
Total employees of the company in 2019: 83,000
Shell is one of the most well known oil and gas companies in the world, and the biggest company by far in the Netherlands, and used to be the biggest company in the world back in 2013. It maintains a presence in at least 70 countries across the world and has more than 44,000 service stations across the globe.
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2. Sinopec Group (NYSE:SNP)
Total revenue of the company in 2019 (in billions of dollars): 407,009
Total profit of the company in 2019 (in billions of dollars): 6,793
Total assets of the company in 2019 (in billions of dollars): 317,516
Total employees of the company in 2019: 582,648
The third biggest company in the world by revenue just misses out on top spot and apart from oil refining is also engaged in oil exploration and petrochemicals production. The company was established 21 years ago in 2000.
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1. China National Petroleum
Total revenue of the company in 2019 (in billions of dollars): 379,130
Total profit of the company in 2019 (in billions of dollars): 4,443
Total assets of the company in 2019 (in billions of dollars): 608,086
Total employees of the company in 2019: 1,344,410
By revenue, it is the fourth biggest company in the world, but it easily tops the list of the 5 biggest oil refining companies in the world. It was established 33 years ago in 1988, and is of course headquartered in Beijing. As is true for most huge Chinese companies, China National Petroleum is state owned and operated by the government. It has operations across the world including in Asia, Africa, Europe, and Oceania, and has been responsible for several oil spills which have garnered negative press for the company.
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