Home > Serba-Serbi > The World’s 25 Biggest Oil Companies (2012, Forbes)

The World’s 25 Biggest Oil Companies (2012, Forbes)

1. Saudi Aramco – 12.5 million barrels per day

ImageSaudi Aramco is by far the biggest energy company in the world, generating more than $1 billion a day in revenues. This image depicts the Shaybah mega-project, sitting on more than 15 billion barrels of oil in the Rub al-Khali desert. Aramco’s biggest field, Ghawar, can do 5 million bpd. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

2. Gazprom – 9.7 million barrels per day

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Russia’s Gazprom is the world’s largest producer of natural gas. Controlled by the Kremlin, Gazprom’s monopoly on gas deliveries to much of Europe provides President Vladimir Putin a prime lever for projecting power in the region. Gazprom’s profits are more than $40 billion a year. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

3. National Iranian Oil Co. – 6.4 million barrels per day

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Iran has been forced to curtail oil production due to international sanctions, but remains a huge oil and gas producer. To skirt sanctions, Turkey and India have reportedly been paying for Iranian oil with gold. The Strait of Hormuz remains the world’s most significant choke point for oil. Iran has threatened to close the Strait if attacked. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

4. ExxonMobil – 5.3 million barrels per day

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Exxon’s $40 billion in annual profits don’t seem like a lot when you consider their $400 billion in sales. It takes giant projects to “move the needle” for the Big Unit. That means CEO Rex Tillerson has to make friends with potentates. In this picture from last April, Tillerson is meeting with Russia’s Vladimir Putin to iron out a joint venture between Exxon and Russia’s state-controlled oil giant Rosneft. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

5. PetroChina – 4.4 million barrels per day

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The largest of China’s three state-controlled oil giants, PetroChina also has the highest market cap of any of the publicly traded giants. The company already produces more oil than ExxonMobil, and considering the estimates of massive shale gas under China, could someday vie with Gazprom as a regional gas power. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

6. BP – 4.1 million barrels per day

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Bob Dudley is seeking to turn the giant formerly known as British Petroleum around. Selling assets, settling lawsuits, promising improvements. BP may not maintain its 4.1 million barrels per day for long; it is in talks to sell its 50% stake in Russian venture TNK-BP, which provides a quarter of production. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

7. Royal Dutch Shell – 3.9 million barrels per day

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Shell is hoping this summer to start drilling for oil in Alaska’s Chuckchi Sea. For years since leasing offshore blocks from the federal government Shell has been perfecting its drilling plan and preparing the Kulluk floating drilling rig, pictured here in the Puget Sound by Seattle. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

8. Pemex – 3.6 million barrels per day

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Production from Mexico’s biggest field, Cantarell (pictured) has plunged from 2 million bbl per day to roughly 600,000 now. State-owned Pemex is working to replace that shortfall with other fields. Mexico’s incoming President Enrique Pena Nieto has said reforming Pemex to allow foreign investment will be his signature issue. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

9. Chevron – 3.5 million barrels per day

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Chevron bought Atlas Petroleum in 2010 for $4.3 billion to gain acreage in the Marcellus and Utica shales. With gas prices low, some expect a bigger deal to come. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

10. Kuwait Petroleum Corp. – 3.2 million barrels per day

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Kuwait’s oil company was originally formed in 1934 by what are now Chevron and BP. In 1975 the company was nationalized. Kuwait’s fields suffered greatly by fires set by Saddam Hussein’s forces in 1990. Kurwait’s biggest field, Burgan, continues to be operated by Chevron. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

11. Abu Dhabi National Oil Co. – 2.9 million barrels per day

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Abu Dhabi is the seat of power in the United Arab Emirates. It is currently taking advantage of its strategic position adjacent to the Strait of Hormuz to build a pipeline to Fujairah, alleviating any chance of its crude exports being bottlenecked by an Iranian blockade. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

12. Sonatrach – 2.7 million barrels per day

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Most of the output from Algeria’s national energy company is in the form of natural gas, much of which Algeria exports to Europe. This image depicts the In Salah gas project, which strips out carbon dioxide from the gas stream and reinjects it back down into the gas reservoirs. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

13. Total – 2.7 million barrels per day

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After French President Francois Hollande imposed new taxes on oil inventories in July, Total CEO Christophe de Margerie said the move would cost Total nearly $200 million in 2012 and hurt France’s already ailing refining sector. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

14. Petrobras – 2.6 million barrels per day

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Former CEO Sergio Gabrielli passes the baton to new Petrobras boss Maria das Gracas Silva Foster last February. The company is striving to develop massive ultra deep oil fields offshore. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

15. Rosneft – 2.6 million barrels per day

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Sibling to Gazprom, Rosneft is Russia’s state-controlled oil company. Russian President Vladimir Putin is shown here in June attending a signing ceremony of a joint venture between Rosneft and ExxonMobil to explore Russia’s Arctic seas and giant oil-bearing shales. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

16. Iraqi Oil Ministry – 2.3 million barrels per day

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Iraq will likely zoom up the ranks of the world’s biggest producers as its giant untapped fields come on line. This photo is of drilling in West Qurna Phase 2, a project operated by Russia’s Lukoil to tap 13 billion barrels. Lukoil’s contract with Iraq pays it just $1.15 per barrel extracted. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

17. Qatar Petroleum – 2.3 million barrels per day

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The vast majority of Qatar’s production is in the form of natural gas, which gets shipped as LNG around the world. Qatar shares the world’s largest natural gas field, which lies under the Persian Gulf, with Iran. Qatar is also home to the biggest U.S. military base in the region, not far across the desert from its gleaming capital Doha. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

18. Lukoil – 2.2 million barrels per day

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Lukoil was formed in 1991 by former Soviet deputy oil minister Vagit Alekperov, who still runs the company and owns a 20% stake worth some $13 billion. Though Lukoil is investor-owned, Alekperov is still careful to consult Vladimir Putin. The two are seen here in 2010 touring Lukoil-Nizhegorodnefteorgsintez refinery at Kstovo in the Nizhny Novgorod region. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

19. Eni – 2.2 million barrels per day

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Eni is Italy’s oil champion. CEO Paolo Scaroni has in recent years made landmark joint ventures with the likes of Venezuela’s Pdvsa and Russia’s Rosneft. Here Scaroni shakes the hand of Dhiya Jaafar, acting chief of Iraq’s South Oil Company, second right, as Iraqi Oil Minister Hussain al-Shahristani, center, looks on. In Iraq Eni is expanding the giant Zubair field. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

20. Statoil – 2.1 million barrels per day

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The Norwegian government owns 67% of the shares in Statoil. The company has invested some $20 billion in the U.S., including the $4.7 billion acquisition of Bakken-focused Brigham Exploration in 2011. In May CEO Helge Lund (L) inked a new joint venture with Russia’s Rosneft. There’s Putin again. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

21. ConocoPhillips – 2 million barrels per day

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This year ConocoPhillips spun off its refining business as Phillips 66 to focus on upstream operations. It may not have wanted its refineries, but strangely, Delta Air Lines did. This picture is of the Trainer, Pa. plant that Delta bought in hopes of paring its jet fuel bill. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

22. Petroleos de Venezuela – 1.9 million barrels per day

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Known as Pdvsa, Venezuela’s oil company seems to be the personal piggy bank of President Hugo Chavez, who has starved the company of capital to pay for social programs. Output is down 25% since 1998. That’s Chavez’ mug emblazoned on the side of Pdvsa headquarters in Caracas. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

23. Sinopec – 1.6 million barrels per day

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Sinopec is China’s biggest refiner. This year Sinopec cut a sweeping shale venture with Devon Energy. Chairman Fu Chengyu was also seen at at the NBA Finals as a guest of Oklahoma City Thunder owner, and Chesapeake Energy CEO Aubrey McClendon. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

24. Nigerian National Petroleum – 1.4 million barrels per day

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Amid a crackdown on corruption in Nigeria’s country’s oil industry, President Goodluck Jonathan has recently sacked several executives of NNPC. Critics have also been calling for the head of oil Minister Diezani Alison-Madueke, shown here attending an OPEC meeting in Vienna. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

25. Petronas – 1.4 million barrels per day

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Malaysia’s state oil giant mades its headquarters in the landmark Petronas Twin Towers, seen in the background of this photo. Petronas has recently expanded abroad, and is in the process of acquiring Canada’s gas-focused Progress Energy for $5.4 billion. (Note: 2012 working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.)

  1. October 5, 2012 at 16:01

    wew.. petronas udah jauh di atas Pertamina?

  2. ariefh
    October 9, 2012 at 16:02

    Betul banget bro.
    Pertamina kalah jauh.
    Tapi mudah2an bisa terus bangkit mengejar petronas

  3. January 22, 2014 at 00:52

    It’s actually a nice and helpful piece of info. I am satisfied that
    you just shared this helpful info with us. Please stay us up to date
    like this. Thanks for sharing.

  4. April 21, 2014 at 06:55

    negara arab yang kuasai minyak dunia.

  5. ariefh
    April 23, 2014 at 09:20

    sumber cadangan minyak terbesar saat ini memang di jazirah arab disusul dengan ditemukanya cadangan raksasa di venezuela baru-baru ini

  6. ariefh
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