In this article we are going to list the 5 most valuable energy companies in the world. For a detailed coverage of this topic and a more comprehensive list, please head on over to the 11 most valuable energy companies in the world.
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5. Royal Dutch Shell (NYSE:RDS)
Total market cap of the company as at April 2, 2021 (in billion of dollars): 143.974
Royal Dutch Shell (NYSE:RDS) is a Dutch company, which was founded 114 years ago in 1907, and is the fifth largest company in the world in terms of revenue. The company is involved in every process of the oil and gas industry from search, extraction and production to trading, marketing and distribution, operating at least 44,000 service stations globally, with activities in at least 70 countries. Royal Dutch Shell (NYSE:RDS) has reserves of at least 9.0 billion barrels of oil, and is now engaging in the production of clean energy as well, which include hydrogen, wind, and biofuel.
4. PetroChina Company (NYSE:PTR)
Total market cap of the company as at April 2, 2021 (in billion of dollars): 144.88
The Chinese energy company PetroChina Company (NYSE:PTR) is owned by the state, and is the biggest oil and gas producer in all of Asia. In 2006, it was considered to be the second biggest oil producer in China, and reported revenues of nearly $380 billion, which allowed PetroChina Company (NYSE:PTR) to have the 4th highest revenue in the world, regardless of industry. However, the market cap of Chinese state owned companies isn’t as high as public companies in the West.
3. Chevron Corporation (NYSE:CVX)
Total market cap of the company as at April 2, 2021 (in billion of dollars): 203.24
The American energy company Chevron Corporation (NYSE:CVX) has obtained the third spot in our list of the most valuable energy companies in the world. While it’s headquartered in San Ramon, California, Chevron Corporation (NYSE:CVX) has a presence in at least 180 countries across the world, and is engaged in the entire supply chain, which earned $146.5 billion in 2019, with net income of close to $3 billion, while employing close to 50,000 people.
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2. Exxon Mobil Corporation (NYSE:XOM)
Total market cap of the company as at April 2, 2021 (in billion of dollars): 242.35
Exxon Mobil Corporation (NYSE:XOM) is a top oil and gas company in the United States, maintaining its headquarters in Irving, Texas. Exxon Mobil Corporation (NYSE:XOM) is the biggest descendant of the Standard Oil company, which was owned by John D. Rockefeller, who is the richest man in modern history. Standard Oil was the biggest oil company in the world at its time, but due to allegations of it being a monopoly, had to divest. Exxon Mobil Corporation (NYSE:XOM) reported revenues of more than $178 billion in 2020 with net income of $22.4 billion, both of which are decreases against 2019, showcasing the impact of the pandemic on the company. The company has at least 72,000 employees globally.
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1. Saudi Arabian Oil Company
Total market cap of the company as at April 2, 2021 (in billion of dollars): 1,889.49
Topping the list of the most valuable energy companies in the world is very easily, Saudi Aramco. It is currently the second most valuable company in the entire world, regardless of industry, and for a long time, had a market cap of more than $2 trillion. Its market cap is close to 8 times greater than second placed Exxon Mobil, which itself is one of the biggest companies in the world. Saudi Arabian Oil Company has also had the biggest IPO in history, which earned it a valuation of more than $2 trillion. The company operates the biggest singe hydrocarbon network in the entire world and has at least a hundred oil and gas fields spread across the country. It has the biggest oil production of any oil or energy company in the entire world.
See also: 10 Fastest Growing Energy Source in 2020 and 10 Best Energy Dividend Stocks for Income Investors
