Top 10 Oil and Gas Companies in the World 2017

Posted in Top Brand Lists, Total Reads: 3718

1. PetroChina

PetroChina, founded in the year 1999, is the largest oil and gas producer and distributor in China and one of the largest in the world.

Image: company website

With its focus on three strategies of acquiring best resources, marketing and internationalization, it is committed to harnessing energy with maximum environment protection as symbolized by its logo. Headquartered in Beijing, China, this company operates its business through five segments: Exploration and Production, Refining and Chemicals, Marketing, Natural Gas exploration and its pipeline, and other segment like cash management, financial activities, R&D, etc.

This company takes full advantage of economies of scale and completely integrated operations from upstream (exploration and extraction from oil reserves) to downstream (refining through fractional distillation and distributing) businesses. It is the listed arm of the state-owned China National Petroleum Corporation, being traded in Hong Kong and New York Stock Exchanges, it adheres to its core strategy of revenue maximization and diversifying its operations both in domestic and overseas markets by acquiring maximum resources, to increase their shareholders’ and stakeholders’ values. The company has capitalized on China’s “One Belt, One Road” policy consolidate its five key oil and gas operational regions, and has adhered to a low cost marketing strategy because of the unfavorable climate of declining crude oil and natural gas prices. They have been able to cut down on costs by strengthening dynamic adjustment of output, intensifying control of key production processes, and reduction of energy usage and wastage to trod the path of better efficiency. It has adopted a price driven sales strategy in its overseas business and has focused on broadening its revenue sources.

Revenue billion USD: 234.76

Profit billion USD: 4.26

Production volume (Mn Barrels/Day): 4.4

Rank Methodology:

1. The leading oil and gas companies are considered for evaluation

2. Parameters like revenues, production capacity and profits are taken into consideration

3. The companies are ranked on the basis of their revenues

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