5 Most Valuable Gas Companies in the World

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1. Saudi Arabian Oil Company (TADAWUL: 2222.SR)

Market Cap: $493.3 billion

The Saudi Arabian Oil Company was established in 1933 and is based in Dhahran. Also known as Saudi Aramco, the company is one of the largest oil and gas companies in the world according to revenue and market cap. The company not only has the world’s second-largest proven crude oil reserves, but it also operated the largest single hydrocarbon network in the world known as the Master Gas system. More than a hundred oil and gas fields in Saudi Arabia are managed by the company which includes 288.4 trillion standard cubic feet of natural gas reserves. The Saudi Arabian Oil Company also ranked as the fifth-largest public company in the world by Forbes Global in 2020. Aramco reported a net income of $49 billion for FY 2020, which is one of the highest earnings amongst all public companies worldwide.

Furthermore, the company plans to become a major producer of liquified natural gas and recently sold its first cargo to Singapore. This oil and gas giant is involved in several partnerships and joint ventures to expand into the LNG market and develop new technologies to combat climate change. The Saudi Arabian Oil company is showing no signs of slowing down and has earned the number 1 spot in the list of the 15 most valuable gas companies in the world.

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