What Are Some of the Biggest Oil and Gas Companies?


Quick Answer

As of 2015, five of the largest oil companies in the world in terms of revenue are Exxon Mobil, Royal Dutch Shell, BP, Sinopec and China National Petroleum. Each of these companies has an annual revenue of over 300 billion dollars.

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Full Answer

Exxon Mobil Corp. is based in Houston, Texas. The company was created in 1999 through a merger of Exxon and Mobil. Both companies trace their roots back to Standard Oil, however, which was founded in 1870.

Royal Dutch Shell was likewise created by a merger between Royal Dutch Petroleum of the Netherlands and Shell Transport & Trading of Britain. The company has an annual revenue of over 400 billion dollars.

BP was formerly known as British Petroleum, a name it had used since 1954. BP is based in London and has annual revenues of over 300 billion dollars.

Sinopec and China National Petroleum are state-owned corporations run by the Chinese government. Saudi Aramco is likewise owned and operated by the Saudi Arabian government and is estimated to have about 16 percent of the world’s proven oil reserves.

Rosfnet is Russia's largest oil company. BP holds a 19.75 percent share in the company, even though the United States and the European Union presently have sanctions on the country.

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