Top Oil Companies in the World – Oil and gas companies are businesses involved in the exploration, extraction, refining, transportation, and marketing of oil and natural gas. Humans are dependent on the oil and gas companies in several ways. They provides lower energy costs for us and ensures our energy security.
Sometime these oil and gas companies are called as the backbone of country’s economy. The oil and gas companies not only provide energy resources, but also provide jobs and helps in country’s economic growth. Here in this post I have listed some of the Top Oil Companies in the World.
Top Oil Companies in the World
Sonatrach
It’s a state owned national oil and gas company of Algeria. The company was founded in the year 1963 and today it is one of the largest company in Africa, and plays a significant role in Algeria’s economy as well as the global energy market.
Sonatrach is involved in the exploration, production, pipeline transportation, processing, and marketing of hydrocarbons (oil and natural gas). The company is also engaged in petrochemical projects.
Sonatrach manages an extensive network of pipelines and refineries. The company operates in various countries like in Africa, Europe and Latin America. It is also in the list of top oil and gas companies in the world.
Indian Oil Corporation (IOC)
It’s an Indian oil and gas company under the government of India. It is a central public sector undertaking company under the ownership of Indian ministry of petroleum and natural gas.
The company was established in 1959 and has its headquarters in New Delhi, India. All the operations of the company are overseen by the Indian ministry of petroleum and natural gas. IOC plays a pivotal role in India’s energy security and economic development.
Apart from production, refining and pipeline transportation of crude oil and natural gas the company is also involved in projects like petrochemicals, renewable energy and biofuels.
Origin Energy
It’s a public listed Australian company with its headquarters in Sydney, Australia. The company is associated with electricity and natural gas production and retailing. The company also deals with products like LPG (Liquid Petroleum Gas), solar energy, batteries and electric vehicles.
It develops renewable energy projects including wind, solar, and hydroelectric power. The company also operates Australia’s largest coal fired power station located at Lake Macquarie in New South Wales. The company also comes in the list of top oil companies in the world.
SOCAR
SOCAR (State Oil Company of Azerbaijan Republic) is a state owned national oil and gas company of Azerbaijan (a transcontinental country located at the boundary of Eastern Europe and Western Asia). The company has its headquarters at Baku, Azerbaijan.
SOCAR produces oil and natural gas from offshore and onshore fields in Caspian sea. SOCAR also runs several oil and gas export pipelines throughout the country. The company also operates oil refineries and petrochemical facilities in Azerbaijan, producing a range of refined products such as fuels and chemicals.
Saudi Aramco
Saudi Aramco (Saudi Arabian Oil Company) comes in the list of top 10 oil companies in the world. It’s the national oil company of Saudi Arabia with its headquarters located in Dhahran, Saudi Arabia.
The company is a global leader in oil production and exploration, managing vast reserves of crude oil and natural gas. The company produces refined products like gasoline, diesel and aviation fuel. It owns and operates a global network of refineries, both within Saudi Arabia and abroad.
Oil and Natural Gas Corporation (ONGC)
ONGC is an Indian government undertaking public sector oil and natural gas company which was founded in the year 1956. The company has its headquarters at New Delhi, India. It is one of the largest crude oil and natural gas company in India and also listed in top oil and gas companies in India.
ONGC explores and produces oil and natural gas both onshore and offshore in India. The company engages in natural gas production and supplies gas to industries, households, and power generation facilities. ONGC is also one of the biggest wealth creator in the country.
Petrobras
It’s an Brazilian state owned petroleum company with its headquarters in Rio de Janeiro, Brazil. It deals with products like natural gas, lubricant, petroleum, petrochemicals, biofuels, fertilizers and other petroleum products.
The company is known for its expertise in deepwater and ultra-deepwater exploration, especially in the pre-salt reserves off Brazil’s coast. Petrobras operates a network of refineries in Brazil, processing crude oil into various petroleum products like diesel, gasoline and jet fuel.
Reliance Petroleum Ltd.
It’s an Indian oil and energy company under Reliance Industries Limited which is one of the largest private sector company in India. The company has its headquarters located in Ahmedabad, Gujarat, India. The company has three major products petroleum, oil and natural gas.
Reliance Petroleum Ltd. operates its functions from Jamnagar manufacturing division in Gujarat. Other products of this company are gasoline, LPG, jet turbine fuel, superior kerosene oil, high speed diesel, naphtha, etc.
The refinery is designed with an export-oriented model, supplying refined petroleum products to global markets. Reliance Petroleum is also listed in top oil and gas companies in India.
Shell Plc.
It’s a British multinational oil and gas company with its headquarters in London, England. The company is involved in oil and gas exploration, production, refining, and marketing, as well as renewable energy development. It operates thousands of service stations worldwide under the Shell brand. The company is also expanding its electric vehicle (EV) charging infrastructure through Shell Recharge. The company is also in the list of largest oil companies in the world.
