World’s Top 10 Biggest Oil Companies in 2016

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When you think of largest power source on earth only one word comes to mind “Oil”. Even though most of the world is looking into alternate power sources such as wind and solar, Oil still remains the primary and most consumed power source worldwide with an astonishing figure of 94 million barrels consumed per day. More than 95% of world’s automobiles are powered by oil. Oil industry is a multibillion dollar industry with a few companies leading the oil trade throughout the world.

Here is the 2015 list of top 10 oil companies in the world ranked according to oil barrels produced per day, Market value, etc.

10. Kuwait Petroleum Corp – 3.4 million barrels per day

10.Q8-Kuwait-Petroleum-Biggest Oil Companies

Founded in the year 1980, KPC has made its way to the Top 10 list with impressive Annual revenue of $109 Billion. KPC increased its Oil production over a decade from 2.5 million to 3.4 million Barrels per day.

9. Petroleos Mexicanos (PEMEX) – 3.6 million barrels per day

9.PEMEX-Gas-Station-Petroleos-Biggest Oil Companies

PEMEX is ranked 9th on our list due to its 3.6 million Barrels production per day. PEMEX is the third company which decreased its oil production in a decade from 4.0 to 3.6 Million Barrels per day. Founded in the year 1938, with its HQ in Mexico City, PEMEX has an army of about 138,215 Employees under its wing.

=7. Royal Dutch Shell – 3.7 million barrels per day

8.Royal-Dutch-Shell-Station-Sandakan-Biggest Oil Companies

 

Founded in the year 1907, Shell has an oil production of 3.7 Million Barrels per day. Shell in terms of Annual Revenue is on the top of the list with an astounding figure of $467 Billion per year. Shell decreased 0.2 million barrels per day of its oil production from the year 2004 to 2014.

=7. British Petroleum (BP) – 3.7 million barrels per day

7.BP-British-Petroleum-Biggest Oil Companies

BP is a state owned oil company with its Headquarter located in London, United Kingdom. It is one of the companies in this list whose oil production decreased over the course of a decade from 3.9 Million to 3.7 Million Barrels per day. As of 2013, BP had annual revenue of $388 billion with 85,700 employees.

6. PetroChina – 4 million barrels per day

6.PetroChina-Gas-Station-Shangri-La-Biggest Oil Companies

PetroChina is a state owned Chinese company with a massive annual revenue of 2 trillion Chinese Yen. This mega company has an oil production of 4.0 million barrels per day. While in 2005 it had a production figure of 2.6 million bpd. PetroChina has the highest number of employees on this list with a tremendous figure of 552,800.

=4. Rosneft – 4.7 million barrels per day

5.Rosneft-Gas-Station-Biggest Oil Companies

Rosneft is the only company in this list whose Oil production took a tremendous hike over the decade from 0.3 million to 4.7 Million barrels per day. With its Headquarter located in Moscow, Russia, Rosneft has Annual revenue of $ 102 Billion.

=4. Exxon Mobil – 4.7 million barrels per day

4.Exxon-Mobil-Gas-Station-Biggest Oil Companies

Exxon Mobil is the largest Company in regard of Annual revenue with a massive figure of $ 453 Billion. Founded in the year 1999, Exxon Prom’s headquarter is located in Texas, United States, with a total number of 76,900 employees. On the course of a decade Exxon Prom only saw a small increase in oil production from 4.6 million to 4.7 million Barrels per day.

3. National Iranian Oil Co. (NIOC) – 6 million barrels per day

3.National-Iranian-Oil-Company-Biggest Oil Companies

Founded in the year 1948, National Iranian Oil co is the third largest oil company in the world in respect to oil production per day. Its Headquarter is located in Tehran, Iran. With annual revenue of $85 Billion, National Iranian Oil Co. increased its oil production from 5.1 million to 6 million barrels per day (2005 – 2015).

2. Gazprom – 8.3 million barrels per day

2.Gazprom-Gas-Station-Biggest Oil Companies

The second largest company in oil production is Gazprom with an impressive production of 8.3 million barrels per day. Although Gazprom has decreased its production over the decade (2005 – 2015) from 9.8 million to 8.3 million bpd it still remain the second largest company in the world. With its Headquarter located in Moscow, Russia, Gazprom has an astounding 393,000 employees and its annual revenue is $158 Billion.

1. Saudi Aramco – 12 million barrels per day

1.Saudi-Aramco-Biggest Oil Companies

Saudi Aramco was founded in the year 1933.With its Headquarter located in Dhahran, Saudi Arabia, SA remains the largest Oil Producing Company. With a massive barrel production of 12 million barrels per day. SA has increased its production over the course of a decade (2004 – 2015) from 10.8 million to a massive 12 million barrels per day. Khalid A. Al Falih is the Current CEO of Saudi Aramco. As of 2014 Saudi Aramco had a total number of 56,066 employees and an astounding $356 Billion annual revenue.

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Mahesh Baldania is an entrepreneur, blogger, learner, reader and thinker. An Computer engineer by profession. Everything I writes is inspired by life experiences and study. I am passionate about software, disruptive technology, personal development, and inspiring others. I thinks, "We only have one life, might as well live it."