In this article, we are going to list the 5 biggest petrochemical companies in the world. For detailed coverage of this topic and a more comprehensive coverage please take a look at the 15 biggest petrochemical companies in the world.
5. ExxonMobil (NYSE: XOM)
Revenue: $256 billion
Market cap: $190.1 billion
Assets: $362.2 billion
Number of employees: 74,900
ExxonMobil is one of the best oil stocks to buy right now as its not only one of the biggest petrochemical companies, it is also the fourth-largest natural gas company in the world. Exxon Mobil Corp. is engaged in the exploration, development, and distribution of oil, gas, and petroleum products. ExxonMobil petrochemical provides basic components for a wide range of products, from packaging materials and plastic water bottles to automotive shock absorbers, synthetic rubber, solvents, and numerous consumer goods.
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4. BP Plc (NYSE: BP)
Revenue: $271.6 billion
Market cap: $79.4 billion
Assets: $273.9 billion
Number of employees: 70,100
Headquarters: London, United Kingdom
British Petroleum is one of the world’s largest petrochemical companies. BP owns 14 manufacturing plants in the US, Europe, and Asia. The Company supplies consumers with transport fuel, heat and light energy, industrial power, and petrochemical products used to make everyday goods, such as paints, clothing, and packaging. The company specializes in producing aromatics and acetyls. In 2019, BP produced 9.7 million tonnes of petrochemicals. BP p.l.c. is actively involved in a global energy conglomerate with operations in Europe, North and South America, Australia, Asia, and Africa.
3. Royal Dutch Shell (NYSE: RDS)
Revenue: $311.6 billion
Market cap: $126.5 billion
Assets: $394 billion
Number of employees: 83,000
Headquarters: The Hague, Netherlands
Shell Chemicals is Royal Dutch Shell’s chemical segment. As Shell is the leading gas company in the world, its petrochemical products are supplied globally. Shell Chemicals has a wide range of products portfolio including acetone, aromatics, ethylene oxide and glycols, GTL drilling fluids, and higher olefins and derivatives. These petrochemical products are supplied to the largest industrial companies. Royal Dutch Shell produces 17 million tonnes of petrochemicals annually.
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2. Saudi Aramco
Revenue: $329.8 billion
Market cap: $1.7 trillion
Assets: $398.3 billion
Number of employees: 69,867
Headquarters: Dhahran, Saudi Arabia
Saudi Arabian Oil Co. is engaged in the exploration, production, transport, and sale of crude oil and natural gas globally. In 2020, Saudi ARAMCO completed its acquisition of SABIC. Saudi ARAMCO bought a 70% stake in Saudi Basic Industries Corporation (SABIC) for $69.1 billion. This merger transforms Aramco into a major player in petrochemicals by significantly increasing the proportion of petrochemicals production with a combined petrochemicals production volume of nearly 90 million tons.
1. Sinopec (NYSE: SNP)
Revenue: $369.2 billion
Market cap: $76.6 billion
Assets: $254.8 billion
Number of employees: 402,206
Headquarters: Beijing, China
Topping the list of the 15 biggest petrochemical companies in the world is Sinopec. China Petrochemical Corporation (Sinopec Group) is a super-large oil and petrochemical company group established by the State in July 1998 on the basis of the former China Petrochemical Corporation and incorporated as a limited liability company in August 2018. Sinopec Group is the biggest supplier of oil and petrochemical products and the second-largest producer of oil and gas in China. The company is engaged in the exploration, development, and production of crude oil and natural gas. The Sinopec Group ranked 2nd on the Fortune Global 500 List in 2019.
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