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]
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