The 5 Largest Oil and Gas Companies in the World: Their History and Revenues
Surabaya, Agust 13, 2024 – The oil and gas industry is a cornerstone of the global economy, playing a crucial role in supplying the energy that powers the world. Behind this industry are giant corporations that dominate the market, each with a long history and staggering revenues. Here are the five largest oil and gas companies in the world, along with a summary of their history and earnings.
1. Saudi Aramco
History:
Saudi Aramco, the largest oil company in the world, was founded in 1933 as a partnership between the Saudi Arabian government and Standard Oil of California. The company gained global recognition after discovering vast oil reserves in Dammam in 1938.
Revenue:
In 2023, Saudi Aramco reported revenues of $400 billion, making it the highest-earning oil and gas company in the world.
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2. ExxonMobil
History:
ExxonMobil is the result of the 1999 merger between Exxon and Mobil, both of which trace their origins back to Standard Oil, founded by John D. Rockefeller in 1870. ExxonMobil is now one of the largest energy companies in the world.
Revenue:
In 2023, ExxonMobil generated approximately $360 billion in revenue, with operations in over 200 countries worldwide.
3. Royal Dutch Shell
History:
Founded in 1907, Royal Dutch Shell is a Dutch-British energy company with a long history in oil and gas exploration and production. The company is also involved in various renewable energy innovations.
Revenue:
Royal Dutch Shell reported revenues of $350 billion in 2023, making it one of the major players in the global energy industry.
4. BP (British Petroleum)
History:
BP was established in 1909 as the Anglo-Persian Oil Company. The company has undergone various stages of development, including rebranding as BP in 2001. BP has a rich history in oil and gas exploration and has also invested in renewable energy.
Revenue:
In 2023, BP reported revenues of $290 billion, with operations spanning the globe.
5. Chevron
History:
Chevron was founded in 1879 as Pacific Coast Oil Company and is one of the largest oil companies in the United States. The company has expanded through various acquisitions and mergers, including its merger with Texaco in 2001.
Revenue:
Chevron recorded revenues of $240 billion in 2023, with operations in over 180 countries.
These companies not only dominate the oil and gas industry but also play a significant role in the global economy. They have long histories and impressive revenues, reflecting their power and influence in the energy sector.
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