In this piece, we will take a look at the 5 Biggest Private Oil Companies in the World. For more such companies, go to the 15 Biggest Private Oil Companies in the World.
5. Petronas
Annual Revenue 2021: $59.87 billion
Petronas, also known as Petroliam Nasional Berhad, is an oil and gas corporation based in Malaysia. The company engages in the exploration, development, and production of oil & gas. In addition, the company operates refineries with a combined daily refining capacity of 700 kilo-barrels located in Terengganu, Melaka, and Johor. Petronas Gas Berhad (PGB), a subsidiary of Petronas, operates the Peninsular Gas Utilisation (PGU) system, consisting of six processing plants and over 2,500 kilometers of pipeline network to process and transport gas to the end market.
4. Pemex
Annual Revenue 2021: $73.76 billion
Pemex is a state-owned Mexican petroleum company. Pemex explores and extracts hydrocarbons and oil in Mexico and other countries. The company provides storage and logistics services as well as engages in other activities such as refining, processing, imports, and exports of oil, gas, and petrochemicals. The company’s product line comprises more than 80 products.
3. Reliance Petroleum
Annual Revenue 2021: $107.00 billion
Headquartered in Ahmedabad, India, Reliance Petroleum is an oil and gas corporation. The company’s extensive line of gasoline and petroleum products serves a variety of sectors. The products marketed by the company include petrol, high-speed diesel, lubricants, packaged LPG, aviation fuel, etc. Reliance Petroleum operates a network of more than 1,200 retail stores across the country.
2. Sinopec Group
Annual Revenue 2021: $401.31 billion
Headquartered in Beijing, China, Sinopec Group is one of the world’s largest oil and gas companies. The domestic operations of the company include the exploration and production of oil and gas, refining operations, chemical production, and marketing. The international operations of Sinopec Group comprise investments in 46 oil and gas exploration and production projects in 23 countries. Sinopec Group operates over 30,000 gas stations across the country.
1. China National Petroleum Corporation
Annual Revenue 2021: $411.70 billion
China National Petroleum Corporation is a national oil & gas company in China. The company offers oil products, chemical products, and oilfield services. In addition, China National Petroleum Corporation provides equipment for petroleum exploration, drilling, and related operations to more than 80 countries across the globe. At the end of 2021, China National Petroleum Corporation operated 22,684 service stations in 31 provinces in China.
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