Much technological advancement would not have been possible if there would have been no oil companies in the world. These corporations have benefited human kind in various fields including energy production, trading and marketing. Here we will discuss about few companies which have emerged as the top ten biggest oil companies in the world according to the oil production capacity per day.
List of Top 10 Biggest Oil Companies 2012
|Rank||Company||Oil Production (barrels/day)|
|1||Saudi Aramco||12.5 million|
|3||National Iranian Oil Co.||6.4 million|
|6||British Petroleum||4.1 million|
|7||Royal Dutch Shell||3.9 million|
|10||Kuwait Petroleum Corp.||3.2 million|
Top Ten Biggest Oil Companies in the World
Find out more about the top ten biggest oil production companies in the world. The companies contributes to the major part of the world’s total oil production.
1. Saudi Aramco
Officially known as Saudi Arabian Oil Company, Saudi Aramco is a national oil company of Saudi Arabia and is the biggest oil company in the world with the largest proven crude oil reserves and the largest daily oil production. Causing more than $1billion a day in revenue the company’s daily production is 12.5 million barrels.
The largest natural gas company in Russia, Gazpron has earned the second position in the world ranking of top ten biggest oil companies in the world. Established in 1989 with it’s headquarter in the Cheryomushki district, Moscow, the company produces 9.7 million barrels in a day making a profit of more than $40 million a year.
3. National Iranian Oil Co.
The National Iranian Oil Co. (NIOC) is an oil and natural gas producer and distributor with it’s headquartering in Tehran. The government owned corporation was set up in 1948 and currently is known to produce 6.4 million barrels in a day.
A direct descendent of John D. Rockefeller’s Standard Oil Company, ExxonMobil is an American multinational oil and gas corporation with an ability to produce 5.3 million barrels each day. One among the group of top ten biggest oil companies in the world, it has an annual profit of $40 billion and $400 billion sales.
6. British Petroleum (BP)
With headquarter in London, BP or British Petroleum is a British oil and gas multinational company. Generating 4.1 million barrels on a daily basis it operates exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
7. Royal Dutch Shell
Commonly known as Shell, Royal Dutch Shell is a Dutch-British multinational company dealing with oil and gas. It operates in around 90 countries and generates 3.9 million barrels daily which is why it has a place in the list of top ten biggest companies in the world.
An American multinational energy corporation, Chevron actively operates in 180 countries in every aspect of oil, gas and geothermal energy industry. With 3.5 million barrels per day production it is the ninth biggest oil company in the world.
10. Kuwait Petroleum Corporation
Founded on 27th January, 1980, Kuwait Petroleum Corporation is a national oil company from Kuwait. The company’s product has been sold in some countries under a subsidiary’s name Q8 and has a daily production of 3.2 million barrels.