The oil and gas industry is a pillar of the global economy, with its major firms wielding tremendous power over energy markets and geopolitics.
In 2024, the leading oil and gas firms continue to play a critical role in satisfying global energy needs.
As a result, we compiled a list of the world’s top ten oil and gas businesses based on their most recent financial results and market presence.
1. Saudi Arabian Oil Co. (Saudi Aramco)
Saudi Aramco is the unchallenged leader in the oil and gas business, with sales of $590.3 billion and net income of $156.5 billion in the trailing twelve months (TTM).
Furthermore, with a market value of $1.8 trillion, it is not only the greatest in its business, but also one of the world’s most valuable firms.
Despite a tiny 3.7% drop in its 1-year trailing total return, Aramco’s integrated operations continue to solidify its leadership.
Its presence in innovation hubs in the United States, Europe, and Asia, in particular, helps to solidify its place at the top of the oil and gas hierarchy.
2. China Petroleum & Chemical Corp. (SNPMF)
China Petroleum & Chemical Corp., also known as Sinopec, is a powerhouse in the refining, gas, and petrochemical industries.
Sinopec’s extensive product range, which includes gasoline, diesel, kerosene, and chemical fertilizers, generates $486.8 billion in revenue and $10.5 billion in net income.
The company’s market capitalization is $55.7 billion, and it has an amazing 1-year trailing total return of 18.6%.
3. PetroChina Co. Ltd. (PCCYF)
PetroChina, the publicly traded part of China National Petroleum Corporation, is a major player in China’s oil and gas industry.
It accounts for around 50% and 60% of the country’s domestic oil and gas production, respectively.
PetroChina’s market capitalization is $78.7 billion, with a revenue of $486.4 billion and a net income of $20.9 billion. It also has a 12.5% 1-year trailing total return.
4. Exxon Mobil Corp. (XOM)
Exxon Mobil is a global leader in energy and chemical manufacture, with activities on six continents.
The company’s sales is $386.8 billion, with a net income of $51.9 billion. Exxon Mobil’s market value is a healthy $445 billion, and it has an amazing 85.6% 1-year trailing total return.
5. Shell PLC (SHELL)
Shell is a multinational energy business with operations in 70 countries that explore, produce, refine, and market oil and natural gas.
The corporation generates $365.3 billion in revenue and has a net income of $43.4 billion. Shell’s market capitalization is $201.8 billion, with a one-year trailing total return of 37.47%.
6. TotalEnergies SE (TTE)
TotalEnergies, based in France, is a diversified energy corporation that focuses on crude oil, natural gas, and low-carbon power.
The corporation generates $254.7 billion in revenue and has a net income of $23.1 billion. TotalEnergies’ market capitalization is $157.1 billion, with a one-year trailing total return of 34.3%.
7. Chevron Corp. (CVX)
Chevron is a fully integrated oil and gas business with upstream (exploration and production) and downstream (refining, transportation, and marketing) operations.
The corporation generates $227.1 billion in revenue and earns $34.2 billion in net income. Chevron’s market capitalization is $337.8 billion, with a 1-year trailing total return of 56.8 percent.
8. BP PLC (BP)
The British oil company BP is involved in the exploration, production, and supply of oil and petrochemicals. The company’s revenue is $222.7 billion, with a net loss of $11 billion.
BP’s market capitalization is $105.3 billion, with a one-year trailing total return of 38.4%.
9. Marathon Petroleum Corp. (MPC)
Marathon Oil and Gas is a major company in refining and marketing petroleum products in the United States.
The corporation generates $173 billion in revenue and has a net income of $12 billion. Marathon’s market capitalization is $57.1 billion, with a 1-year trailing total return of 85.3%.
10. Valero Energy Corp. (VLO)
Valero is the world’s largest independent oil and gas refiner and a top generator of renewable fuels.
Furthermore, the corporation has produced remarkable results, with a revenue of $170.5 billion and a net income of $9.4 billion during the previous twelve months (TTM).
Furthermore, its market capitalization is $47.3 billion, indicating its strong presence on the New York Stock Exchange.
Valero operates 15 refineries and 33 wind turbines across the United States, Canada, and the United Kingdom, demonstrating its global presence in the energy sector.