The Most Successful Oil Companies: Ranking the Top Performers

Choose the oil companies you think is the most successful!

Author: Gregor Krambs
Updated on Apr 15, 2024 06:17
Welcome to StrawPoll's latest ranking showdown - "What are the most successful oil companies?"! As the lifeblood of the modern world, these energy giants fuel our daily lives and drive our economies. But which company stands out as the true titan of the oil industry? That's where you come in! Dive into our expertly curated list, featuring thousands of polls and rankings on various topics, and cast your vote for your top pick. Think we've missed a major player? Don't worry, you can suggest a missing option and let your voice be heard. With your valuable input, we'll navigate the complex web of this industry and determine the ultimate champion in the world of oil companies. So, let's get pumped and explore the powerhouses that keep the world turning—one gallon at a time!

What Are the Most Successful Oil Companies?

  1. 1
    63
    votes
    With a market capitalization of over $175 billion, ExxonMobil is one of the largest oil companies in the world. It has operations in over 200 countries and is known for its innovative technology and commitment to sustainability.
    ExxonMobil is a multinational oil and gas corporation that is considered one of the most successful companies of all time. It is involved in every aspect of the oil and gas industry, including exploration, production, refining, and distribution.
    • Year Founded: 1870
    • Headquarters: Irving, Texas, USA
    • Industry: Oil and Gas
    • Revenue: Over $260 billion (2019)
    • Number of Employees: Approximately 70,000
  2. 2
    24
    votes
    Royal Dutch Shell
    RamaGaspar · CC BY-SA 4.0
    With operations in over 70 countries, Royal Dutch Shell is one of the largest integrated oil and gas companies in the world. It has a market capitalization of over $120 billion and is known for its focus on renewable energy sources.
    Royal Dutch Shell is a multinational oil and gas company headquartered in The Hague, Netherlands. It is one of the world's largest oil companies and operates in every sector of the oil and gas industry, including exploration, production, refining, distribution, and marketing.
    • Headquarters: The Hague, Netherlands
    • Year of Formation: 1907
    • Industry: Oil and Gas
    • Operations: Exploration, Production, Refining, Distribution, Marketing
    • Revenue (2019): USD 352.1 billion
  3. 3
    13
    votes

    Chevron Corporation

    Chevron Corporation
    With a market capitalization of over $200 billion, Chevron is one of the largest oil companies in the world. It has operations in over 180 countries and is known for its focus on safety and environmental stewardship.
    The Chevron Corporation is one of the most successful oil companies globally. It is an American multinational energy corporation that specializes in the exploration, production, refining, and marketing of petroleum products.
    • Headquarters: San Ramon, California, United States
    • Founded: September 10, 1879
    • CEO: Michael K. Wirth
    • Revenue: USD 146.5 billion (2020)
    • Employees: Approximately 48,200 (2020)
  4. 4
    16
    votes

    BP

    With a market capitalization of over $100 billion, BP is one of the largest oil companies in the world. It has operations in over 70 countries and is known for its focus on renewable energy sources and commitment to reducing carbon emissions.
    BP (formerly British Petroleum) is one of the world's largest oil and gas companies, with operations spanning exploration, production, refining, distribution, and marketing. It is headquartered in London, United Kingdom and operates in all areas of the oil and gas industry, including upstream, downstream, and renewable energy.
    • Founded: 1909
    • Headquarters: London, United Kingdom
    • Industry: Oil and gas
    • Operations: Exploration, production, refining, distribution, marketing
    • Revenue: USD 180.6 billion (2019)
  5. 5
    14
    votes
    Total SA
    Dirk Ingo Franke · CC BY 3.0
    With a market capitalization of over $120 billion, Total SA is one of the largest integrated oil and gas companies in the world. It has operations in over 130 countries and is known for its focus on renewable energy sources and commitment to reducing carbon emissions.
    Total SA is a multinational oil and gas company headquartered in Courbevoie, France. It is one of the largest integrated oil and gas companies in the world, involved in various aspects of the industry, including upstream exploration and production, downstream refining and marketing, as well as renewable energy and power generation. With a strong presence across continents, Total SA operates on a global scale.
    • Headquarters: Courbevoie, France
    • Industry: Oil and gas
    • Founded: 1924
    • Operations: Upstream, downstream, and renewables
    • Annual Revenue: Approximately $190 billion (2019)
  6. 6
    16
    votes
    With a market capitalization of over $80 billion, ConocoPhillips is one of the largest independent oil and gas exploration and production companies in the world. It has operations in over 20 countries and is known for its focus on safety and environmental stewardship.
    ConocoPhillips is one of the largest and most successful oil companies in the world. It is an American multinational energy corporation that explores, produces, refines, and markets oil and gas products globally. ConocoPhillips is involved in various aspects of the energy sector, including exploration and production, refining, and chemical operations.
    • Headquarters: Houston, Texas, United States
    • Industry: Oil and Gas
    • Founded: 2002 (merger of Conoco Inc. and Phillips Petroleum Company)
    • Revenue: USD 36.04 billion (2019)
    • Total assets: USD 71.5 billion (2019)
  7. 7
    8
    votes

    ENI

    With a market capitalization of over $50 billion, ENI is one of the largest integrated oil and gas companies in the world. It has operations in over 70 countries and is known for its focus on renewable energy sources and commitment to reducing carbon emissions.
    ENI, also known as Ente Nazionale Idrocarburi, is an Italian multinational oil and gas company. It is one of the world's largest integrated energy companies. With operations in over 70 countries, ENI explores, produces, refines, and markets oil and gas products. It is involved in various sectors including exploration and production, refining and marketing, chemicals, power generation, and renewable energy.
    • Headquarters: Rome, Italy
    • Industry: Oil and gas
    • Revenue: €66.79 billion (FY 2019)
    • Net income: €1.17 billion (FY 2019)
    • Number of employees: Approximately 32,000
  8. 8
    7
    votes

    Occidental Petroleum

    Armand Hammer
    With a market capitalization of over $40 billion, Occidental Petroleum is one of the largest independent oil and gas exploration and production companies in the world. It has operations in over 10 countries and is known for its focus on safety and environmental stewardship.
    Occidental Petroleum is an American multinational oil and gas exploration and production company. It is one of the largest oil producers in the United States. The company primarily operates in the areas of oil and gas exploration, development, and production.
    • Founded: 1920
    • Headquarters: Houston, Texas, United States
    • Industry: Oil and Gas
    • Revenue: USD 23.247 billion (2020)
    • Net Income: USD -5.185 billion (2020)
  9. 9
    7
    votes
    With a market capitalization of over $70 billion, Gazprom is one of the largest natural gas companies in the world. It has operations in over 30 countries and is known for its focus on environmentally sustainable practices.
    Gazprom is a Russian multinational oil and gas company, considered as one of the most successful oil companies globally. It is the largest extractor of natural gas in the world and the largest company in Russia by revenue. Gazprom is primarily focused on the exploration, production, transportation, and marketing of natural gas and crude oil.
    • Pipelines: Over 168,000 kilometers of pipelines
    • Headquarters: Moscow, Russia
    • Founded: 1989
    • Industry: Oil and Gas
    • Revenue: USD 119 billion (2020)
  10. 10
    5
    votes
    With a market capitalization of over $60 billion, Petrobras is one of the largest integrated oil and gas companies in the world. It has operations in over 20 countries and is known for its focus on renewable energy sources and commitment to reducing carbon emissions.
    Petrobras, full name Petróleo Brasileiro S.A., is a state-controlled oil company based in Brazil. It is one of the largest integrated energy companies in the world, engaged in the exploration, production, refining, and distribution of oil and gas products. The company operates both domestically and internationally and is involved in various sectors of the petroleum industry.
    • Headquarters: Rio de Janeiro, Brazil
    • Industry: Oil and gas
    • Market value: Approximately $65 billion (2021)
    • Revenue: Approximately $56 billion (2020)
    • Production: Approximately 2.2 million barrels of oil equivalent per day (2020)

Missing your favorite oil companies?

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Discussion

Ranking factors for successful oil companies

  1. Revenue and profit
    One of the primary factors for ranking successful oil companies is their revenue and profit generation. This can give a clear indication of the company's market performance and financial stability.
  2. Production capacity and reserves
    A company's oil production capacity and the size of its proven oil reserves play a crucial role in determining its success. Higher production rates and reserves can provide a competitive advantage and ensure the company maintains a strong market position.
  3. Market share
    A company's market share, both globally and regionally, is an important indicator of its success in the industry. Higher market shares mean that the company has a stronger presence in the oil market and is better positioned to withstand competition.
  4. Geographical presence
    A successful oil company should have a diversified geographical presence, allowing it to access various markets and spread risk. This diversification can contribute to the company's resilience during fluctuations in oil prices or regional instability.
  5. Operational efficiency
    Efficient operations and cost management are key success factors for oil companies, as they can highly influence profit margins. This includes factors such as drilling success rate, production costs, and environmental footprint.
  6. Technological innovation
    Advancements in exploration, drilling, and production technologies can provide oil companies with a competitive edge and help them to improve efficiency, reduce costs, and increase recovery rates.
  7. Safety and environmental performance
    Oil companies must comply with strict safety and environmental regulations, which can significantly impact their reputations and market position. A strong safety track record and commitment to environmental sustainability can be key factors in ranking oil companies.
  8. Financial stability
    A company's financial stability, including its debt levels, credit ratings, and dividend payouts, can provide insights into its long-term performance and growth potential.
  9. Reputation and social license to operate
    Public perception and the level of trust that communities have in oil companies can ultimately impact the company's ability to operate. Companies that engage in responsible practices, address community concerns, and contribute positively to local development are likely to be more successful in the long run.

About this ranking

This is a community-based ranking of the most successful oil companies. We do our best to provide fair voting, but it is not intended to be exhaustive. So if you notice something or oil company is missing, feel free to help improve the ranking!

Statistics

  • 1208 views
  • 173 votes
  • 10 ranked items

Voting Rules

A participant may cast an up or down vote for each oil company once every 24 hours. The rank of each oil company is then calculated from the weighted sum of all up and down votes.

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More information on most successful oil companies

Oil companies have played a pivotal role in shaping the modern world economy. These companies extract crude oil from the ground and refine it into useful products such as gasoline, diesel, and jet fuel, which power transportation and many other industries. The most successful oil companies are those that have been able to maintain high levels of production, expand their operations globally and keep up with the ever-changing demand for oil. Some of the most notable names in the industry include ExxonMobil, Royal Dutch Shell, BP, Chevron, and Total. These companies have been able to survive and thrive in a highly competitive market by investing in new technologies, developing innovative products, and forging strategic partnerships with other industry players. Despite the many challenges that the oil industry faces today, these companies continue to be major players in the energy sector and are expected to remain so for years to come.

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