In this article, we will discuss the 5 most valuable oil companies in the world. If you want to see our analysis of the latest situation in the oil markets, go to 15 Most Valuable Oil Companies in the World.
5. PetroChina Company Limited (NYSE:PTR)
Inaugurated in 1999 and located in Beijing, China, PetroChina Company Limited (NYSE: PTR) has 4 segments: Exploration and Production, Natural Gas and Pipeline, and Chemicals, Marketing, and Refining. By December 31st, 2020, PetroChina Company Limited (NYSE: PTR) covered 31,151 km, with 22,555 km of pipelines for natural gas, 7190 km of pipelines for crude oil, and 1406 km of pipelines for refined produce.
In China, the company produces 102.25 million tons of crude oil per year. PetroChina Company Limited (NYSE: PTR)’s joint venture, Petroineos, serves more than 90 countries with more than 40 subsidiaries in more than 20 countries.
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4. Shell plc (NYSE:SHEL)
Founded in 1907, Royal Dutch Shell plc (NYSE: RDS-A) is focused on finding crude oil and natural gas around the world. It has been departmentalized into Corporate, Integrated Gas, Downstream, and Upstream. Ranking fourth in our list of most valuable oil companies in the world, Royal Dutch Shell plc (NYSE: RDS-A) ranked 19th in Fortune’s 2021 Global 500 list.
Shell actually has its core subsidiary, Shell Oil Company, headquartered in Houston, Texas while the parent company operates from the Netherlands. Royal Dutch Shell plc (NYSE: RDS-A) operates in more than 70 countries and sold 69.67 million tonnes of liquefied natural gas in 2020. The company produces 3.4 million barrels of oil equivalents daily. Royal Dutch Shell plc (NYSE: RDS-A)’s downstream sector serves more than 30 million customers at around 46,000 branches daily.
3. Chevron Corporation (NYSE:CVX)
Founded in 1879, Chevron Corporation (NYSE: CVX), headquartered in San Ramon, California, ranks as the second biggest American oil company. In 2005, the company changed from ChevronTexaco Corporation to Chevron Corporation. They are also a major supplier of aviation fuel in America.
Ranking third in our list of most valuable oil companies in the world, it operates in about 180 countries and is ranked 27th in Fortune’s 2021 Top 500 list. Chevron Corporation (NYSE: CVX)’s upstream segment focuses on exploration, development, and production of crude oil and natural gas, while also specializing in processing, liquefaction, transportation, and regasification associated with liquefied natural gas. The downstream segment focuses on transporting crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants are some other activities.
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2. Exxon Mobil Corporation (NYSE:XOM)
Founded in 1999 and situated in Irving, Texas, Exxon Mobil Corporation (NYSE: XOM) focuses on transport, production, sale, exploration, and more of crude oil. Ranking second in our list of most valuable oil companies in the world, the company ranks 23rd in Fortune’s 2021 Global 500 list.
Exxon Mobil Corporation (NYSE: XOM) mainly operates in the Asia Pacific (Australia, China, India, Japan, Singapore, Thailand), Europe (Belgium, France, Germany, Italy, Netherlands, United Kingdom), Middle East (Saudi Arabia), North America (Canada, Mexico, United States), and South America (Brazil).
This year, Exxon Mobil Corporation (NYSE: XOM) established a new business portfolio, revolving around commercializing its extensive low-carbon technology. Dubbed, ExxonMobil Low Carbon Solutions, the department is centered around carbon capture and storage, which is a key step towards meeting its climate goals detailed in the Paris Agreement.
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1. Saudi Arabian Oil Company (TADAWUL:2222.SR)
Originated in 1933 and situated in Dhahran, Saudi Arabia, Saudi Arabian Oil Company (TADAWUL: 2222) focuses on Upstream and Downstream sectors. By December 31, 2019, the company’s reserves were filled with 258.6 billion barrels of oil equivalents. Saudi Arabian Oil Company (TADAWUL: 2222) is mainly established in the Asian, North American, and European markets.
In May 2021, Saudi Arabian Oil Company (TADAWUL: 2222) ranked 5th in the Forbes Global 2000 list. Saudi Arabian Oil Company (TADAWUL: 2222) also ranked 1st in S&P Global Platts Top 250 Global Energy Company Rankings.
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You can also take a peek at the 10 Cheap Blue-Chip Dividend Stocks to Invest In and 15 Best Mid-Cap Stocks for 2021.
