Top 10 largest oil companies in the world

people & business

Yesterday, we’ve talked about steel. Today, we highlight another crucial resource in the modern economy. Crude oil or petroleum. Often disputed because of its carbon footprint, but an absolute necessity in our current lives. The keyboard you’re using has its origin in crude oil. Gasoline, kerosin, diesel, lubricants, asphalts are also made of petroleum. The world’s largest oil companies are working 24 hours a day to satisfy our needs.

Crude oil is extracted from the earth’s crust. It is fossilized organic matter like zooplankton and algae that became heated and transformed under pressure into oil. There are many locations in the world where oil is drilled. Notable regions are Texas, The Gulf States (Saudia Arabia, Iraq, Iran), the North Sea, Malaysia, Indonesia, Venezuela, Nigeria and many more. And as the price of oil is increasing it’s becoming more attractive to drill for crude oil in desolated regions such as Kamtsjatka or Alaska. Oil companies are in the constant process of exploring new fields, extracting the petroleum, refining it to into gasoline or other more useful products and bring it to markets worldwide. The largest oil companies in the world make a fortune out of it. But which are the biggest oil companies in the world by daily production of barrels? Check the top 10 largest oil companies in the world!

Top 10 largest oil companies in the world

  1. Kuwait Petroleum Corporation, Kuwait – 3.2 million barrels per day
  2. Chevron, United States – 3.5 million barrels per day
  3. Pemex, Mexico – 3.6 million barrels per day
  4. Royal Dutch Shell, the Netherlands/UK – 3.9 million barrels per day
  5. British Petroleum (BP), United Kingdom – 4.1 million barrels per day
  6. PetroChina, China – 4.4 million barrels per day
  7. ExxonMobil, United States – 5.3 million barrels per day
  8. National Iranian Oil Company, Iran – 6.4 million barrels per day
  9. Gazprom, Russia – 9.7 million barrels per day
  10. Saudi Aramco, Saudi Arabia – 12.5 million barrels per day

Source: Forbes 2012

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Oil, Gas and Petrochemicals