2018: The World’s Largest

Public Oil & Gas Companies

Oil & Gas 360 March 8, 2018

In this update to our 2016 rankings, the top two slots

in the list still belong to the Russian giants, Exxon is
still third, and PetroChina held onto fourth place – but
Shell and BP flipped positions, changing the makeup
of the world’s five largest oil companies

With 2017 in the books, it is a good time to see where the chips fell for the
world’s largest public oil and gas companies.

During a year of recovery for the highly capital-intensive exploration and

production industry, 2017 saw a slow but steady increase of oil prices –
back to levels that allow companies to once again make money. $60 oil is a
great number for the shale industry, but it is still a long way from triple
digit oil that was driving the industry five years ago.

Here are the world’s 28 largest publicly traded producing oil and gas
companies as of early 2018.

The companies and rankings originally took form in Forbes’ latest Global
2000 list. And like our previous story by the same title, compiled and
written in early 2016, we kept the focus on companies with significant E&P
operations.

In other words, Forbes uses the “oil and gas operations” category within its
Global 2000 largest companies (market cap) as a larger, more inclusive
multi-industry category. Oil & Gas 360® seeks a list of companies who are
strongly dependent on exploration and production. So we intentionally left
off companies whose revenues come largely from power generation,
midstream oil and gas transportation, refining or petrochemical operations
or marketing of refined products. When we refer to a company as an oil
company, it means the company spends significant time, effort and
resources finding and producing oil and gas – its principal line of its
business.

Quick facts

USA is home to 25% of the largest public oil companies, 18% of the
group’s total production and 32% of the group’s total enterprise value
Russia is home to 14% of the largest companies, 31% of production
and 10 % of enterprise value
China is home to 11% of the largest companies, 11% of production and
15% of enterprise value
Canada is home to 11% of the largest companies, 4% of production
and 5% of enterprise value
Other countries around the world make up the remaining 39% of the
largest oil and gas companies, 36% of production and 38% of
enterprise value

Methodology

The data used to compile this year’s largest public oil and gas company list
was sourced from the Bloomberg Terminal, Q4/2017 year-end company
reports, EnerCom Analytics, oil company presentations and Forbes’
ranking data.

(Note: MMBOEPD = million barrels of oil equivalent per day; EV =

enterprise value)

Companies are ranked in descending order by daily oil equivalent

production:

1. Gazprom (ticker: GAZP, com) – Russia – 8.16 MMBOEPD – EV $94.5

billion
2. Rosneft (ticker: ROSN, com) – Russia – 5.7 MMBOEPD – EV $123.3
billion
3. ExxonMobil (ticker: XOM, com) – USA – 4 MMBOPD – EV $400.5
 billion
4. PetroChina (ticker: PTR, com) – China – 3.9 MMBOEPD – EV $285.9
billion
5. Royal Dutch Shell (ticker: RDS.A, com) – Netherlands – 3.6
MMBOEPD – EV $348.6 billion
6. BP (ticker: BP, com) – United Kingdom – 3.6 MMBOEPD – EV
$179.3 billion
7. Petrobras (ticker: PBR, com) – Brazil – 2.75 MMBOEPD – EV $151.9
billion
8. Chevron (ticker: CVX, com) – USA – 2.73 MMBOPD – EV $273.6
billion
9. Total (ticker: TOT, com) – France – 2.56 MMBOEPD – EV $158.6
billion
10. Lukoil (ticker: LKOH, com) – Russia – 2.26 MMBOEPD – EV $43.6
billion
11. Statoil (ticker: STO, com) – Norway – 2.13 MMBOEPD – EV $ 82.6
billion
12. Eni (ticker: E, com) – Italy – 1.9 MMBOEPD – EV $73.7 billion
13. Novatek (ticker: NVTK, com) – Russia – 1.52 MMBOEPD – EV $37.7
billion
14. CNOOC (ticker: CEO, com) – China – 1.31 MMBOEPD – EV $55.3
billion
15. ConocoPhillips (ticker: COP, com) – USA – 1.26 MMBOEPD – EV
$76.3 billion
16. China Petroleum & Chemical Corporation [Sinopec] (ticker: SNP,
com) – China – 1.23 MMBOEPD – EV $126.9 billion
17. Oil & Natural Gas Corp. (ticker: ONGC, com) – India – 1.21
MMBOEPD – EV $43.4 billion
18. Canadian Natural Resources (ticker: CNQ, com) – Canada – 947
MBOEPD – EV $61.7 billion
19. Suncor Energy (ticker: SU, com) – Canada – 736 MBOEPD – EV
$70.8 billion
20. Repsol (ticker: REP, com) – Spain – 716 MBOEPD – EV $38.9 billion
21. Ecopetrol (ticker: EC, com) – Colombia – 715 MBOEPD – EV $42.9
 billion
22. EOG Resources (ticker: EOG, com) – USA – 662 MBOEPD – EV
$67.9 billion
23. Anadarko Petroleum (ticker: APC, com) – USA – 637 MBOEPD – EV
$42.7 billion
24. Occidental Petroleum (ticker: OXY, com) – USA – 621 MBOEPD – EV
$64.5 billion
25. Devon Energy (ticker: DVN, com) – USA – 548 MBOEPD – EV $34.3
billion
26. OMV (ticker: OMV, com) – Austria – 377 MBOEPD – EV $29.5 billion
27. Husky Energy (ticker: HSE, com) – Canada – 320 MBOEPD – EV
$17.3 billion
28. Woodside Petroleum (ticker: WPL, com) – Australia – 233 MBOEPD
– EV $27.4 billion

Detailed graphs

NOTE: The data presented in the graphs below references most recently
reported average daily production and other statistics generated by the
companies ranked in the accompanying story. Data by country is a
reference to the companies’ headquarters locations. Clicking on the image
will open it in a new tab/window, showing the full resolution.
Sources: Bloomberg Terminal, EnerCom Analytics and company
presentations