Changing conditions and volatile markets have made it difficult to follow trends among oil and gas companies. Advancements in renewable energy sources, much of the world remains dependent on petroleum for their everyday needs. This compilation of the top oil and gas companies reflects the stable and growing economy that is petroleum.
One of the oldest American petroleum companies, Chevron was founded in 1879 in a then remote area of California. Today, Chevron Corporation operates in nearly 200 countries and boasts a market value of about $227 billion and a current share price of more than $120.
The $295 billion market value, it would appear that Exxon’s spotty history has been all but forgotten by the public. The popular brands merged in 1999 and quickly began rising to the top. The current stock price of around $70 confirms that a healthy recovery is likely underway.
China National Petroleum Company
Since 1988, the CNPC has been making headlines from its Beijing headquarters. Not only is this conglomerate one of the largest oil and gas companies in the nation, it is one of the biggest corporations in the world. Fortune Global 500 ranked them among the largest companies by revenue in 2017 and 2018.
Abu Dhabi National Oil Company
Founded in 1971, this state-owned petroleum company has steadily increased in revenue and global exposure. The United Arab Emirates company claims access to the 7th largest oil reserve in the world. The average daily production is around three million barrels per day. Excellent management and efficient processes account for the rapid success of this international company.
Arising as a result of a merger between Conoco Inc and Phillips Petroleum Company, this Houston, Texas-based company has proven that it has the endurance for long term success. With an annual revenue of around $40 billion and a stable stock share price hovering $65, ConocoPhillips does not fall among the largest oil and gas companies. However, this little giant offers local and international perks like community involvement and environmental awareness.
Companies that specialize in the production or transportation of oil and gas face uncertainty. Investors are cautioned to remember that energy companies can move from the top of the list without warning.
This article was originally published on blakezimmermanhouston.net