Largest Oil and Gas Export Companies

Oil rig worker

Oil rig worker

Total oil and gas exports in 2015 totaled US$2.956 trillion, down by -42.2% from $1.708 trillion during 2011. Those totals include crude and refined oils, petroleum gases and petroleum residues.

Oil and gas products represent 18.1% of all 2015 global exports.

Almost half (46%) of exported oil and gas was crude oil, compared to 35.4% for processed refined oil and 17.7% for petroleum gases. All exported oil and gas sub-categories fell in value over the 5-year period, ranging from -26.3% for petroleum gases and -36.3% for refined oil to -50% 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) in 2016. Shown within parenthesis is the country where each conglomerate has its headquarters.

  1. Sinopec-China Petroleum: US$283.6 billion (China)
  2. PetroChina: $274.6 billion (China)
  3. Royal Dutch Shell: $264.9 billion (Netherlands)
  4. Exxon Mobil: $236.8 billion (United States)
  5. BP: $218.7 billion (United Kingdom)
  6. Total: $143.4 billion (France)
  7. Chevron: $129.9 billion (United States)
  8. Gazprom: $102.1 billion (Russia)
  9. Petrobras: $96.3 billion (Brazil)
  10. LukOil: $90.4 billion (Russia)
  11. Valero Energy: $87.8 billion (United States)
  12. Eni: $87.2 billion (Italy)
  13. Phillips 66: $85.2 billion (United States)
  14. Rosneft: $80.8 billion (Russia)
  15. JX Holdings: $76.2 billion (Japan)
  16. Indian Oil: $70.6 billion (India)
  17. Marathon Petroleum: $64.5 billion (United States)
  18. PTT PCL: $59.1 billion (Thailand)
  19. Statoil: $58 billion (Norway)
  20. Repsol YPF: $44.1 billion (Spain)
  21. SK Innovation: $42.7 billion (South Korea)
  22. Reliance Industries: $42.2 billion (India)
  23. Bharat Petroleum: $38.4 billion (India)
  24. SK Holdings: $35 billion (South Korea)
  25. Hindustan Petroleum: $34.4 billion (India)




 
Universally harmed by the global downturn in oil prices, all of the above top companies experienced shrinkage in their 2015 sales from 2014 led by SK Holdings’ -65.8% drop. American firm Phillips 66 had the second most severe revenue decline at -46.1%, followed by Norway’s Statoil at -44.9% and Russia’s Rosneft at -43.4%.

The only oil and gas exporters to mitigate the size of their revenue losses to single-digits have their headquarters in India: Hindustan Petroleum (down -1.6%), Bharat Petroleum (down -4.8%) and Hindustan Petroleum (down -1.6%).

Perhaps more worrisome from an international trade perspective is the steep loss in profitability for 16 of the 25 top oil and gas companies compared to 2014 metrics. Six of those companies actually finished in the red for their 2015 operations: Brazil’s Petrobras (-$10.43 billion loss), Italy’s Eni (-$9.78 billion), United Kingdom’s BP (-$6.47 billion), Norway’s Statoil (-$4.65 billion), Japan’s JX Holdings (-$2.12 billion) and Spain’s Repsol YPF (-$1.38 billion).

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 2016 Global 2000 individual company profiles, Example of top oil and gas company compiled for this study: PetroChina. Accessed on July 4, 2016

Forbes 2015 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on July 4, 2016

Trade Map, International Trade Centre. Accessed on July 4, 2016

Wikipedia, List of largest oil and gas companies by revenue. Accessed on July 4, 2016

Wikipedia, List of oil exploration and production companies. Accessed on July 4, 2016