Today's world is simply inconceivable without the active use of a wide range of hydrocarbons. Without them, the normal, full-fledged work of any of the sectors of the national economy is impossible, and therefore it is extremely difficult to overestimate the value of these natural resources. This article will study the largest oil companies on the planet, their brief history of formation and features.
brief information
The ten largest oil producing giants include the most diverse organizations that are representatives of a number of states. Each of these companies has its own subtleties of management and formation. Moreover, the development of all of them is so rapid that now some of the giants of world business described below have revenues of about a billion dollars daily.
The largest oil companies in the world are invariably distinguished by hundreds of thousands of employees around the planet, millions of barrels of “black gold” pumped from the bowels of the earth, colossal revenues and more. However, with all this, each of the corporations still has its own unique success story and management secrets.
Russian giant
Studying the leading oil companies of the world, we will certainly mention a monopolist from the Russian Federation. Gazprom, by its structure, is the largest organization on the planet; it was created in 1989. A controlling stake in the corporation is in the hands of the state. In the 90s, the company began to actively develop, in large part because then the former head of this structure was the prime minister of the country. Today, Gazprom’s annual income is approximately $ 150 billion, and therefore the Russian player in the oil market cannot be ignored.
If we point to the largest oil producer in the Russian Federation, which is not part of vertically integrated holdings, then it is the Irkutsk Oil Company, with about 7,000 employees and having headquarters in Moscow. The corporation was founded in 2000. Marina Sedykh leads it as the general director, and Nikolai Buynov appears as the main shareholder.
Norwegian monopolist
Oil companies in Europe are a separate issue and it is worth starting a study with a representative of Norway called Statoil. This corporation is the largest supplier of natural gas to the European continent. The main shares of the giant are exclusively in the introduction of the state, and direct extraction of raw materials is carried out in Nigeria, Algeria, the Russian Federation and even the USA. The capitalization of the Norwegian company is about 65 billion dollars.
Competitors from the Middle Kingdom
Petrochina - this is the name of a serious rival to the oil concerns of Europe and America. A corporation from China was founded in 1999 and today it pumps out about 4.4 million barrels from the earth every day. The active increase in production has resulted in Petrochina's annual revenue of approximately $ 214 billion. Thus, the oil companies of the USA and the Old World have found a worthy competitor in the face of the Chinese. And capable of becoming the leader in the energy sector in the world in the near future.
By the way, Chinese oil companies have another powerful player in the person of Sinopec, which is engaged in the exploration of oil and gas fields and their subsequent sale. The value of capitalization is equal to 98 billion dollars.
The Americans
The most powerful US oil companies are Chevron and ExxonMobil. The first corporation conducts oil exploration in 35 countries of the planet, and also produces fertilizers, chemicals, household chemicals and more. For 2013, annual revenue was $ 220 billion.
As for ExxonMobil, the founder of this industrial giant is John Rockefeller himself. The revenue of this concern is simply a whopping $ 420 billion per year. Unfortunately, the activities of the American company are regularly criticized for the fact that due to its fault large-scale environmental disasters periodically occur both on land and at sea.
European players
The main oil companies of the Old World are British Petroleum and Royal Dutch Shell. The first representative of Misty Albion initially engaged in the export of Iranian oil, but over time significantly expanded its activities, including even the use of wind energy where possible. The corporation does not forget to pay attention to biofuels, but nevertheless the main area is oil production and its refining.
If we talk about Royal Dutch Shell, then this is a joint project of the UK and Holland, which has a size of its own capitalization of 252 billion dollars.
Absolute leader
Saudi Aramco is the planetary absolute champion in oil production per day. This figure is 10 million barrels per day. This corporation controls almost a quarter of the world's black gold reserves. The giant’s capitalization is almost 1.5 trillion dollars, which is an almost unattainable indicator for all other participants in the oil business of the whole earth.