5 Largest Oil Companies in the World

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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

Topping the list of the 5 largest oil companies in the world is China National Petroleum, which is headquartered in Beijing and earned the 4th rank in the Fortune Global 500 list for 2020. The company was established 32 years ago in 1988 and has more than 22,000 service stations worldwide, while its production output in 2019 was 168.44 million MT. The company, as most major Chinese companies are, is owned by the state and has operations in Africa, Central Asia, East Asia, Europe, New Zealand, Southeast Asia and West Asia.

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