2012 The World’s 10 Biggest Oil Companies

2012 The World’s 10 Biggest Oil Companies

1. Saudi Aramco – 12.5 million barrels per day

Saudi Aramco is by far the biggest energy company in the world, generating more than $1 billion a day in revenues. This image depicts the Shaybah mega-project, sitting on more than 15 billion barrels of oil in the Rub al-Khali desert. Aramco’s biggest field, Ghawar, can do 5 million bpd.

2. Gazprom – 9.7 million barrels per day

Russia’s Gazprom is the world’s largest producer of natural gas. Controlled by the Kremlin, Gazprom’s monopoly on gas deliveries to much of Europe provides President Vladimir Putin a prime lever for projecting power in the region. Gazprom’s profits are more than $40 billion a year.

3. National Iranian Oil Co. – 6.4 million barrels per day

Iran has been forced to curtail oil production due to international sanctions, but remains a huge oil and gas producer. To skirt sanctions, Turkey and India have reportedly been paying for Iranian oil with gold. The Strait of Hormuz remains the world’s most significant choke point for oil. Iran has threatened to close the Strait if attacked.

4. ExxonMobil – 5.3 million barrels per day

Exxon’s $40 billion in annual profits don’t seem like a lot when you consider their $400 billion in sales. It takes giant projects to “move the needle” for the Big Unit. That means CEO Rex Tillerson has to make friends with potentates. In this picture from last April, Tillerson is meeting with Russia’s Vladimir Putin to iron out a joint venture between Exxon and Russia’s state-controlled oil giant Rosneft.

5. PetroChina – 4.4 million barrels per day

The largest of China’s three state-controlled oil giants, PetroChina also has the highest market cap of any of the publicly traded giants. The company already produces more oil than ExxonMobil, and considering the estimates of massive shale gas under China, could someday vie with Gazprom as a regional gas power.

6. BP – 4.1 million barrels per day

Bob Dudley is seeking to turn the giant formerly known as British Petroleum around. Selling assets, settling lawsuits, promising improvements. BP may not maintain its 4.1 million barrels per day for long; it is in talks to sell its 50% stake in Russian venture TNK-BP, which provides a quarter of production.

7. Royal Dutch Shell – 3.9 million barrels per day

Shell is hoping this summer to start drilling for oil in Alaska’s Chuckchi Sea. For years since leasing offshore blocks from the federal government Shell has been perfecting its drilling plan and preparing the Kulluk floating drilling rig, pictured here in the Puget Sound by Seattle.

8. Pemex – 3.6 million barrels per day

Production from Mexico’s biggest field, Cantarell (pictured) has plunged from 2 million bbl per day to roughly 600,000 now. State-owned Pemex is working to replace that shortfall with other fields. Mexico’s incoming President Enrique Pena Nieto has said reforming Pemex to allow foreign investment will be his signature issue.

9. Chevron – 3.5 million barrels per day

Chevron bought Atlas Petroleum in 2010 for $4.3 billion to gain acreage in the Marcellus and Utica shales. With gas prices low, some expect a bigger deal to come.

10. Kuwait Petroleum Corp. – 3.2 million barrels per day

Kuwait’s oil company was originally formed in 1934 by what are now Chevron and BP. In 1975 the company was nationalized. Kuwait’s fields suffered greatly by fires set by Saddam Hussein’s forces in 1990. Kurwait’s biggest field, Burgan, continues to be operated by Chevron.

Croatian Center of Renewable Energy Sources (CCRES)

About CROATIAN CENTER of RENEWABLE ENERGY SOURCES

CROATIAN CENTER of RENEWABLE ENERGY SOURCES (CCRES)• was founded in 1988 as the non-profit European Association for Renewable Energy that conducts its work independently of political parties, institutions, commercial enterprises and interest groups, • is dedicated to the cause of completely substituting for nuclear and fossil energy through renewable energy, • regards solar energy supply as essential to preserve the natural resources and a prerequisite for a sustainable economy,• acts to change conventional political priorities and common infrastructures in favor of renewable energy, from the local to the international level, • brings together expertise from the fields of politics, economy, science, and culture to promote the entry of solar energy, • provides the opportunity to play a part in the sociocultural movement for renewable energy by joining the association for everyone, • considers full renewable energy supply a momentous and visionary goal - the challenge of the century to humanity. CCRES Željko Serdar Head of association solarserdar@gmail.com
This entry was posted in ALTERNATIVE, ALTERNATIVE ENERGY, CCRES, CROATIAN CENTER of RENEWABLE ENERGY SOURCES, GREEN ENERGY, HCOIE, HRVATSKI CENTAR OBNOVLJIVIH IZVORA ENERGIJE, PASSIVE ENERGY, RENEWABLE ENERGY, RENEWABLE ENERGY CENTER SOLAR SERDAR, RENEWABLES JAPAN STATUS REPORT, SOLAR SERDAR and tagged , . Bookmark the permalink.

2 Responses to 2012 The World’s 10 Biggest Oil Companies

  1. This was an excellent summation of world oil companies; it definitely goes in my research folder. Write on! I’ve also got you bookmarked: be sure to visit us again. Thanks!

  2. prkralex says:

    You can see the list that profiles the world’s ten biggest power companies of 2014 based on Forbes calculation of net market capitalisation, assets, sales and profit.Which are the most located in the most developed countries in the world.

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