Author: Education and Workshop Division
Day after day, the requirement of oil and gas become much bigger since the increasing of energy needs. It makes the oil and gas companies have to work better to fulfill the world’s oil and gas demand. The responsibility to work better leads the appearance of competition between world’s oil and gas company to operate efficiently, economically, and safely. Each company have their own way to optimize their work and it absolutely deliver different performance based on the volume of their oil and gas production, management, and also the human resource of the company itself. Here they are the 10 biggest oil and Gas Company in the world
1. SAUDI ARAMCO
Saudi Arabia’s national oil and gas company is widely viewed as the most valuable company in the world with an estimated value of $10 trillion and generates over $1bn every day in revenues. The company was initially founded in 1933 by Standard Oil of California (SoCal) as California-Arabian Standard Oil Co. Saudi Aramco has an impressive number of firsts including the world’s largest crude oil reserves, the largest daily production of oil, the world’s largest hydrocarbon network, and ownership of the Ghawar field, the world’s largest oil field. In addition to domestic refineries, Saudi Aramco also has interest in international refineries in Korea, Japan, the US and China. And now, Saudi Aramco is known as the only private organization the FAA allows to own and operate its own airports
Barrels Per Day 12.5 million
Headquarters Dhahran, Saudi Arabia
CEO Khalid A. Al-Falih, (President & CEO)
Revenue US$ 356 billion
Employees 56,066 (2011)
Another national oil company (NOC), Russia’s Gazprom is the second largest oil and gas company by production volume. The company, whose name is a contraction of Gazovaya Promyshlennost meaning “gas industry”, formed in 1989 when the Ministry of Gas was transformed into a corporation and later privatized in 1993. The company is largest producer of natural gas worldwide and is one of the most important companies to the Russian economy and in 2008 represented 10% of the national GDP. Gazprom is also a media powerhouse and its subsidiary Gazprom Media owns NTV, the only state independent national network in Russia. Although Gazprom is a big companies concern in oil production, Gazprom has big interest in sports. This company is the owner of football club Zenit St. Petersburg and sponsors of Schalke 04, Red Star Belgrade, the Russian professional cycling team Team Katusha, the UEFA Champions League and UEFA Super Cup.
Barrels Per Day 9.7 million
Headquarters Moscow, Russia
CEO Viktor Zubkov & Alexei Miller
Revenue US$158.1 billion (2011)
3. NATIONAL IRANIAN OIL CO
The third largest oil and gas company is the National Iranian Oil Co. The company that was to become BP, AICO (Anglo-Iranian Oil Company), initially owned rights to all Persian oil resources. However they were ousted when the Iranian oil industry was nationalized resulting in the formation of the National Iranian Oil Company (NIOC) was formed in 1951. This meant the NIOC had exclusive rights to all Iranian extraction, exploration, transportation and exportation of crude oil, and all natural gas / LNG sales Remarkably the NIOC remains a major oil and gas producer despite international sanctions targeting oil revenues in an effort to stop Iran’s nuclear program.
Barrels Per Day 6.4 million
Headquarters Tehran, Iran
Key Personnel Ghadir Ghasem, Ahmad Ghalehbani, Abdol-Mohammad Delparish,
asd Mahmoud Nikousokhan
Revenue US$ 85 billion (2010)
Employees 41,000 (2011)
4. EXXON MOBIL
At position four is ExxonMobil, the largest non-government owned oil and Gas Company. The company was formed in 1999 following the merger of Standard Oil descendants Exxon and Mobil in a $73.7 billion deal, the biggest merger in US corporate history. Understanding the value of local branding, Exxon Mobil markets its products under the names Exxon, Mobil, and Esso. The company produces approximately 3 percent of the world’s oil and 2 percent of the world’s energy. Although number four in terms of oil production, Exxon Mobil is the holder of perhaps an even more impressive title – that of the world’s largest company by revenue. This year the company also become the world’s largest publicly traded company by market capitalization.
Barrels Per Day 5.3 million
Headquarters Texas, United States
CEO Rex W. Tillerson
Revenue US$ 453.123 billion (2012)
Employees 76,900 (2012)
5. PETRO CHINA
The fifth oil and gas company on the list is China’s biggest oil producer and the listed arm of state-owned China National Petroleum Corporation (CNPC). In addition to being the second largest company in the world in terms of market capitalization, PetroChina is also the most profitable company in Asia and the biggest employer in the top ten with over half a million employees. Unfortunately PetroChina’s image was rocked by a 2005 chemical spill which left 5 dead and 60 people injured. In addition to this CNPC’s subsidiary Sinopec’s links to Sudan has seen a number of multinational organizations seeking to avoid controversy divesting in the organization.
Barrels Per Day 4.4 million
Headquarters Dongcheng District, Beijing, China
Key Personnel Jiang Jiemin (Chairman) / Zhou Jiping (CEO)
Revenue CN¥ 2.003 trillion (2011)
Employees 552,810 (2011)
6. BRITISH PETROLEUM
Although founded in 1954 British Petroleum’s roots go back much further. The Anglo-Persian Oil Company was formed in 1909, itself an offshoot of the Burmah Oil Company. It later rebranded to the Anglo-Iranian Oil Company and then finally to BP. 11 years later the company became the first to strike oil in the north seas. Other notable mergers and acquisitions following its privatization in 1979 / 1987 include Amoco in 1998 and ARCO and Burmah Castrol in 2000. Because of its 20,000 plus service stations, BP becomes one of the most recognizable oil and gas companies. The company rebranded in 2001, dropping its green shield logo in favour of the “Helios” symbol – designed to represent event in all its forms. The company also adopted the slogan “Beyond Petroleum” – highlighting their focus on all types of energy and stressing their commitment to a lower carbon future.
Barrels Per Day 4.1 million
Headquarters London, United Kingdom
CEO Bob Dudley
Revenue US$388.285 billion (2012)
Employees 85,700 (2012)
The seventh oil and gas company on the list is the super major more commonly known as Shell. The company was founded in 1907 following the merger of the Royal Dutch Petroleum Company and the “Shell” Transport and Trading Company Ltd of the United Kingdom. The Shell name and logo is tied to the “Shell” Transport and Trading Company – it’s founder’s father having originally created a business selling sea shells to collectors. An Anglo-Dutch company, Royal Dutch Shell’s revenue is equivalent to 84% of the Netherlands’s GDP at the time. In 2012 Shell was took the top spot as the biggest company on the FTSE, with a 140.9 billion market capitalization. The company also topped Fortune 500’s Global 500 – their annual ranking of the world’s largest corporations. Earlier this year, Shell announced that current CEO Peter Voser will retire from the company in 2014
Barrels Per Day 3.9 million
Headquarters The Hague, Netherlands
CEO Peter Voser
Revenue US$ 467.153 billion (2012)
Employees 87,000 (2012)
Pemex aka Petróleos Mexicanos (Mexican Petroleum) is the Mexican state-owned petroleum company. Founded in 1938 after the nationalization of the petroleum industry which removed all private foreign and domestic companies, Pemex is now the world’s second largest non-publicly listed company by total market value. Pemex can also claim to being the biggest company in Mexico and Latin America, and also Mexico’s most important fiscal contributor. Mexico’s new President, Enrique Pena Nieto, has stressed the need to reform Pemex to allow foreign investment. This may assist in increasing production in Mexico’s biggest field, Cantarell, which has dropped from 2 million barrels per day by approximately 65%. Sadly, two recent explosions at Pemex facilities in 2012 and 2013 left 66 people dead and over 170 injured.
Barrels Per Day 3.6 million
Headquarters Mexico City, Mexico
CEO Emilio Lozoya Austin
Revenue US $128.671 billion (2012)
Employees 138,215 (2011)
Another super major, the Chevron Corporation is America’s third largest corporation according to the Fortune 500. It was named the world’s 16th largest public company by Forbes Global 2000. The company was founded in 1984, but its origins can be traced as far back to 1879 when the Pacific Coast Oil Company was formed. Chevron is distinguished by its environmentally track record and achieved the highest score for an American oil and gas company investing in alternative energy sources and setting emission reduction targets. The company is also largest producer of geothermal energy. Chevron has also slashed its own energy usage by more than 30% since 1992 by utilizing alternative energy platforms including hydrogen fuel and solar panels at its facilities.
Barrels Per Day 3.5 million
Headquarters California, U.S.
CEO John S. Watson (Chairman & CEO)
Revenue US$ 241.909 billion (2012)
Employees 62,000 (Dec 2012)
The last company on the list is the Kuwait Petroleum Corporation (KPC), the state-owned company responsible for Kuwait’s hydrocarbon interests throughout the world. The Kuwait Oil Company was originally formed by the Anglo-Persian Oil Company (now known as BP) and the Gulf Oil Corporation (now known as Chevron Oil). This led to the formation of the Kuwait Petroleum Corporation in 1980 as an umbrella organization to manage the country’s diversified oil interests. The company is made up of the following subsidiaries: Kuwait Oil Company (KOC), Kuwait National Petroleum Company (KNPC), Petrochemicals Industries Company (PIC), Kuwait Oil Tanker Company (KOTC), Kuwait Aviation Fueling Company (KAFCO), Kuwait Foreign Petroleum Exploration Company (KUFPEC), Kuwait Petroleum International Limited (KPI – Q8), Santa Fe International Corporation (SFIC), Kuwait Gulf Oil Company (KGOC), Oil Sector Services Company and K-Dow Petrochemicals.
Barrels Per Day 3.2 million
Headquarters Al Shuwaikh, Al Asimah
CEO Hani Abdulaziz Hussain, Chairman
Those are the top 10 oil and gas companies which dominate the world oil and gas industry. Some of them are actually operate in Indonesia like Chevron, British Petroleum, and Exxon Mobil. Their good performance should have given deeply inspiration for Indonesian Oil and Gas Company such as Pertamina as National Oil Company (NOC) to achieve great success like them. Our company must keep their best human resources and enhance the management of economy, social, and regulation in case to make a better system of our NOC which deeply influencing our energy tenacity.
Written by Rodiyatun Khotijah
(Source: http://www.oilandgasiq.com )