Largest Oil and Gas Export Companies

Oil rig worker

Oil rig worker

Total oil and gas exports totaled US$1.363 trillion in 2016, down by -56.4% from $3.126 trillion during 2012. Those totals include crude and refined oils, petroleum gases and petroleum residues.

Oil and gas products represent 8.6% of overall 2016 global exports which totaled $15.913 trillion for all products.

Almost half (48.1%) of exported oil and gas was crude oil, compared to 36.6% for processed refined oil and 13.5% for petroleum gases. All exported oil and gas sub-categories fell in value over the 5-year period, ranging from -50.9% for refined oil and -56.2% for refined oil to -60.3% for crude oil.

Largest Oil and Gas Companies

Below are 25 of the world’s largest oil and gas companies ordered by total sales (both domestic and international) as of May 2017. Shown within parenthesis is the country where each conglomerate has its headquarters.

  1. Royal Dutch Shell: US$234.8 billion (Netherlands)
  2. PetroChina: $214.8 billion (China)
  3. Exxon Mobil: $197.5 billion (United States)
  4. BP: $183.8 billion (United Kingdom)
  5. Total: $128.1 billion (France)
  6. Chevron: $110.5 billion (United States)
  7. China Petroleum & Chemical: $105.1 billion (China)
  8. Gazprom: $91.4 billion (Russia)
  9. Petrobras: $81.1 billion (Brazil)
  10. Valero Energy: $75.7 billion (United States)
  11. Rosneft: $74.9 billion (Russia)
  12. LukOil: $74.6 billion (Russia)
  13. SK Holdings: $72.1 billion (South Korea)
  14. JXTG Holdings: $72 billion (Japan)
  15. Phillips 66: $71.2 billion (United States)
  16. Eni: $61.6 billion (Italy)
  17. Marathon Petroleum: $56 billion (United States)
  18. Indian Oil: $54.1 billion (India)
  19. PTT PCL: $48.7 billion (Thailand)
  20. Statoil: $45.7 billion (Norway)
  21. Reliance Industries: $41.8 billion (India)
  22. Repsol YPF: $38.4 billion (Spain)
  23. SK Innovation: $34.1 billion (South Korea)
  24. Bharat Petroleum: $28.8 billion (India)
  25. Hindustan Petroleum: $28.5 billion (India)

Impacted by lower oil prices, nearly all the above top companies experienced shrinkage in their May 2017 sales compared to those posted in May 2016. The top sales decliner was China Petroleum & Chemical (down -62.9%) followed by Eni (down -29.4%), Bharat Petroleum (down -25.1%) and Indian Oil (down -23.4%).

One top 25 oil and gas exporter was able to significantly grow company sales from 2016 to 2017, namely South Korea-based conglomerate SK Holdings via its 106% gain.

Perhaps most troubling from an international trade perspective are the steep losses for 5 of the 25 top oil and gas companies as of May 2017 compared to their 2016 metrics. The loss leader was Brazil’s Petrobas (-$4.3 billion in red ink), Norway’s Statoil (-$2.9 billion), Italy’s Eni (-$1.6 billion), Japan’s JXTG Holdings (-$650 million) and America’s Chevron (-$497 million).

Note some of the above company sales may include products other than oil and gas. For example, SK Holdings also provides information technology services, distributes natural gas, manufactures petrochemicals, develops biopharmaceuticals.

See also Crude Oil Exports by Country, Refined Oil Exports by Country and Crude Oil Imports by Country

Research Sources:
Forbes 2017 Global 2000 individual company profiles, Example of top oil and gas company compiled for this study: PetroChina. Accessed on January 21, 2018

Forbes 2017 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on January 21, 2018

Trade Map, International Trade Centre. Accessed on January 21, 2018

Wikipedia, List of largest oil and gas companies by revenue. Accessed on January 21, 2018

Wikipedia, List of oil exploration and production companies. Accessed on January 21, 2018