In this article we are going to list the 5 largest oil companies in the world. For a detailed coverage of this topic and a more comprehensive coverage, please take a look at the 15 largest oil 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 largest oil company in France and is considered to be one of the seven ‘supermajor’ oil companies, with the company having a strong presence in dozens of countries.
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4. Royal Dutch Shell (NYSE:RDS.A)
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
Few companies in the world are as famous and well-known as Shell, which is in the top 5 of Fortune Global 500 in 2020, while it was first in 2013. It is one of the companies I mentioned earlier which is involved in every part of the oil and gas industry including exploration, production, refinement, marketing, power generation and trading. It has service stations in more than 70 countries, and produces 3.7 million barrels of oil every day.
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3. Rosneft Oil
Total revenue of the company in 2019 (in billions of dollars): 96,313
Total profit of the company in 2019 (in billions of dollars): 10,944
Total assets of the company in 2019 (in billions of dollars): 208,549
Total employees of the company in 2019: 335,000
The largest oil company in Russia is Rosneft Oil, which was founded 27 years ago in 1993 and is headquartered in Moscow. It is the third largest company in Russia and is state-owned, and has operations in more than 27 countries 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 top two companies are both from China, with Sinopec taking the second spot, even though it has the highest revenues of any oil company in the world and second highest regardless of industry, only after Walmart. Headquartered in Beijing, the company is owned by the government of China and was founded 20 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
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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