THE 5 OIL COMPANIES THAT DOMINATE THE WORLD | QEconomics

Описание: THE 5 OIL COMPANIES THAT DOMINATE THE WORLD | QEconomics #the #oil #companies #that #dominate #world

The world's largest oil companies are still dominated by companies from major oil-producing countries, such as Saudi Arabia, the United States, and China. According to Companies Market Cap data, as of September 2, 2023, Saudi Aramco is still the largest oil company in the world with a market capitalization of US$2.21 trillion.

This state-owned oil company of Saudi Arabia has the world's largest oil and gas reserves, namely 266.5 billion barrels of oil and 292 trillion cubic feet of natural gas. These reserves make Saudi Aramco one of the most profitable companies in the world.

In second place is ExxonMobil, an American oil company. ExxonMobil has a market capitalization of US$452.12 billion. The company has oil and gas reserves of 22.7 billion barrels and 25.4 trillion cubic feet.

The third position is held by Chevron, another American oil company. Chevron has a market capitalization of US$306.87 billion. The company has oil and gas reserves of 15.3 billion barrels and 108.9 trillion cubic feet.

In fourth place is Shell, a British oil company. Shell has a market capitalization of US$209.38 billion. The company has oil and gas reserves of 12.7 billion barrels and 258.3 trillion cubic feet.

In fifth place is PetroChina, a Chinese oil company. PetroChina has a market capitalization of US$192.35 billion. The company has oil and gas reserves of 3.1 billion barrels and 1.2 trillion cubic feet.

These five companies are very important companies for the economies of their respective countries. Saudi Aramco, for example, is one of the main sources of revenue for the Saudi Arabian government. The company contributes about 40% of government revenue and 10% of the country's GDP.

The same is true in the United States. ExxonMobil and Chevron are the two largest oil companies in the country. These two companies contribute about 2% of the US GDP.

In China, PetroChina is the largest oil company in the country. The company contributes about 2% of China's GDP.

These large oil companies also have a major influence on the world oil market. Their decisions to increase or decrease oil production can have a significant impact on world oil.