Oil and gas has become a vital part of our day to day life. Nowadays basic requirements like cooking, lighting and transportation is heavily dependent on it. Favorable heat and pressure generated deep under the earth helps to convert suitable substances into oil and gas. A number of companies are committed to extract these buried fossil fuels out of the earth.
Here is the list of top 10 oil and gas companies in the world ranked according to the four parameters which are revenues, profits, assets and market value.
ROSNEFT was founded in 1993 and is currently headed by Mr. Igor Sechin. It is headquartered in Moscow, Russia.
Recently it purchased TNK-BP operating in Russia to become the largest public sector company in the country. Broadly, Rosneft operates on two business segments which are ’Exploration and Production (E&P)’ and ‘Refining and Distribution (R&D)’. E&P involves systematic extraction, production and storage of crude oil while R&D is the proper processing and conversion of crude oil into various petroleum products like petrol, diesel etc. Its main business comes from the exploration and production activities on Sakhalin Island, Siberia and southern Russia. It also owns and operates two refineries and manages to refine, transport and sell petroleum products. Rosneft has got 48,271 employees which is the greatest strength of the company. It is ranked second in Russia, according to all the four parameters, just after Gazprom which is the largest oil & gas company in the nation.