In this piece, we’ll take a look at the 5 Largest Petrochemical Companies in the World. For more such companies, go to the 20 Largest Petrochemical Companies in the World.
5. Sinochem Holdings
Estimated Market Value: $258.3 billion
2021 Annual Revenue: $172.2 billion
Headquartered in Xicheng District, Beijing, China, Sinochem Holdings is a multinational state-owned conglomerate company. The petrochemical segment of the company provides services such as trading, refining, storage, logistics, and marketing. The company’s major products include basic raw materials for petrochemicals, refined oil, polyolefins, and organic chemical intermediates. These products are utilized in a variety of industries such as agriculture, packaging, textiles, electronics, transportation, and medical care.
4. Chevron Corp (NYSE:CVX)
Market Cap as of January 22, 2023: $349.8 billion
Headquartered in San Ramon, California, United States, Chevron Corp (NYSE:CVX) is a multinational energy company. It holds the second rank among oil companies in the United States. Chevron Corp (NYSE:CVX) produces and transports natural gas and crude oil and also refines and commercializes fuels. Other operations of the company include the production of petroleum products, the production and marketing of renewable fuels, commodity petrochemicals, plastics for industries, lubricants, and fuel additives. Chevron Corp (NYSE:CVX) also transports refined products and crude oil by pipelines, motor equipment, rail car, and marine vessel.
3. China National Petroleum Corp
Estimated Market Value: $425.8 billion
2021 Annual Revenue: $283.9 billion
Founded in 1988, China National Petroleum Corp is among China’s major oil and gas companies. The company engages in the exploration, refining, and marketing of gasoline, diesel, lube oil, kerosene, fuel oils, chemical light oils, etc. China National Petroleum Corp owns PetroChina Company Limited (0857.HK), which is among the largest energy companies in the world. PetroChina Company Limited (0857.HK) also engages in the production, transportation, and marketing of petrochemical products such as ethylene, synthetic resin, synthetic fiber, synthetic rubber, organic and inorganic compounds, urea, etc.
2. Exxon Mobil Corporation (NYSE:XOM)
Market Cap as of January 22, 2023: $466.8 billion
Founded in 1999, Exxon Mobil Corporation (NYSE:XOM) is an American multinational oil and gas company that explores and produces oil, gas, coal, minerals, and electric power. The company also manufactures, trades, transports, and commercializes petroleum products and petrochemicals, including olefins, aromatics, polyolefins, etc. The company is also involved in capturing and storing hydrogen, carbon, and biofuels. Exxon Mobil Corporation (NYSE:XOM) is among the largest refineries in the world, with a processing capacity of 592,000 barrels per day, and is also one of the world’s largest chemical companies.
1. Saudi Arabian Oil Company (2222.SR)
Market Cap as of January 22, 2023: $1.9 trillion
Saudi Arabian Oil Company (2222.SR) is a public natural gas and petroleum company. The company operates in two segments: Upstream and Downstream. Saudi Arabian Oil Company (2222.SR)’s operations in the Upstream segment include exploration, development, production, and commercialization of crude oil, natural gas, natural gas liquids (NGLs), and condensate, while the operations in the Downstream segment include the production of petrochemicals such as olefins, linear alpha olefins, MTBE, glycols, aromatics, methanol, polyvinyl chloride (PVC) polyethylene, polypropylene, polyethylene terephthalate, base oils, engineering thermoplastics, and their blends, etc. With a production volume of 9.2 million barrels per day.
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