Oil and gas firms are among the world’s largest corporations. According to 2015 Financial Times Global 500 list, among the global top 10 oil and gas companies based on net income are the. U.S. firm Exxon Mobil, which is ranked first, with a total net income of about 32.5 billion U.S. dollars, followed by Chevron U.S., PetroChina etc.
The Sinopec Group in China is one of the world’s most profitable companies as well as one of the biggest oil and gas companies. In 2014, the firm generated 433.3 billion U.S. dollars in revenue. Headquartered in Beijing, the company is also known as China Petroleum & Chemical Corporation. ExxonMobil and Royal Dutch Shell are among the world’s major companies, with revenues surpassing by far the mark of 350 billion U.S. dollars. The largest oil producers are state-controlled companies like Saudi Aramco from Saudi Arabia, NIOC from Iran, and Gazprom from Russia. Saudi Aramco, for example has a daily crude oil production of more than 12 million barrels. Royal Dutch Shell, more commonly known as Shell, produces about 3.7 million barrels daily. To compare, ExxonMobil as the largest private-owned oil company (based on market value) has a daily production of several 5.3 million barrels. The total daily oil production globally attains approximately 90 million barrels. [emp]