In this piece, we will take a look at the five most polluting companies in the world. For more companies, head on over to 15 Most Polluting Companies in the World.
5. BP p.l.c. (NYSE:BP)
Mt of Carbon Dioxide Emissions Between 1751 and 2018: 40,588
BP p.l.c. (NYSE:BP) is a British company that is headquartered in London, the United Kingdom. The firm produces, refines, and transports oil an gas.
BP p.l.c. (NYSE:BP) is one of the largest companies in the world when it comes to revenue. The firm raked in $164 billion in revenue in 2019, and $8.5 billion in net income, with margins typical of an oil company due to the high costs of operation and production
By the end of this year’s third quarter, 25 out of the 920 hedge funds polled by Insider Monkey had invested in BP p.l.c. (NYSE:BP).
BP p.l.c. (NYSE:BP)’s largest hedge fund shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 27 million shares that are worth $772 million.
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4. Public Joint Stock Company Gazprom (MOEX:GAZP.ME)
Mt of Carbon Dioxide Emissions Between 1751 and 2018: 44,757
Public Joint Stock Company Gazprom (MCX:GAZP.ME) is a Russian oil and gas company whose majority shareholder is the Russian government. The firm is headquartered in Moscow, and produces, transports, and sells oil and gas alongside generating electricity.
Public Joint Stock Company Gazprom (MOEX:GAZP.ME) produces billions of cubic meters of gas annually, and its largest assets are located in Siberia. The firm also has several pipeline projects that supply gas to regions such as Europe and Turkey.
Between 1751 and 2018, Public Joint Stock Company Gazprom (MOEX:GAZP.ME) emitted 44,757 metric tons of Carbon Dioxide.
3. Exxon Mobil Corporation (NYSE:XOM)
Mt of Carbon Dioxide Emissions Between 1751 and 2018: 44,757
Exxon Mobil Corporation (NYSE:XOM) is an American oil company that is also one of the oldest of its kind since it was set up in 1870 and is headquartered in Irving, Texas.
The scale of Exxon Mobil Corporation (NYSE:XOM)’s operations can only be understood once a brief look at its operational oil wells is taken. As of December 2021, the firm was producing oil from a whopping 20,528 wells, and it has invested $118 billion between 2017 and 2021 to further expand its production.
75 out of the 920 hedge funds polled by Insider Monkey during this year’s third quarter had bought Exxon Mobil Corporation (NYSE:XOM)’s shares.
Exxon Mobil Corporation (NYSE:XOM)’s largest investor is Rajiv Jain’s GQG Partners which owns 33 million shares that are worth $2.9 billion.
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Follow Exxon Mobil Corp (NYSE:XOM)
2. Chevron Corporation (NYSE:CVX)
Mt of Carbon Dioxide Emissions Between 1751 and 2018: 55,329
Chevron Corporation (NYSE:CVX) is another American oil company. It was set up soon after Exxon Mobil, in 1879, and is headquartered in San Ramon, California.
Chevron Corporation (NYSE:CVX) both explores and produces oil and then transports it downstream. The firm produced 3.1 million net oil equivalent barrels per day in 2021, and its unrisked oil resource base stood at a whopping 88 billion barrels of oil equivalent by 2021 end.
Insider Monkey took a look at 920 hedge fund portfolios for their third quarter of 2022 holdings to discover that 66 had held a stake in Chevron Corporation (NYSE:CVX).
Out of these, Chevron Corporation (NYSE:CVX)’s largest investor is Warren Buffett’s Berkshire Hathaway which owns 165 million shares that are worth $23 billion.
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1. Saudi Arabian Oil Company (Saudi Aramco)
Mt of Carbon Dioxide Emissions Between 1751 and 2018: 61,410
Saudi Arabian Oil Company (Saudi Aramco) is a Saudi oil company that is also one of the world’s largest companies in terms of revenue and the largest in terms of production. The firm is headquartered in Dhahran, Saudi Arabia.
Saudi Arabian Oil Company (Saudi Aramco) produced 9.2 million barrels of oil per day in 2021, making it the largest oil producer in the world. Additionally, the firm raked in $394 billion in revenue during the same time period, which placed it fourth on the list of the world’s largest companies by revenue. Its shares are traded on the Saudi Stock Exchange, with the latest market capitalization being $1.9 trillion.
Saudi Arabian Oil Company (Saudi Aramco)’s Carbon Dioxide emissions stand at 61,410 metric tons between 1751 and 2018.
Disclosure: None. You can also take a look at 10 Best Roth IRA Stocks To Buy and Biggest Korean Companies by Market Cap.
