Biggest oil and gas companies in the world by market cap in 2024

The global oil and gas industry is likely to touch $8,917.40 billion by 2023

One of the most important and significant sectors of the world economy, the oil and gas industry shapes geopolitical environments, powers society, and fuels economic expansion. Certainly, the oil and gas industry is a dominant source of energy across the globe and several oil companies supply billions of barrels of petroleum products daily to power transportation and industry.

Let’s take a look at some of the biggest oil and gas companies in the world by market captalisation as of June 2024, as per the report by Statista.

Saudi Aramco (Market cap: $1.8 trillion)

Far ahead of the competition is energy behemoth Saudi Aramco. The world’s largest oil producer is the cornerstone of the Saudi Arabian economy. With operations spanning exploration, production, refining and distribution, Aramco’s influence extends far beyond its home country. Its IPO in 2019 was the largest in history, solidifying its status as a financial powerhouse.

ExxonMobil Corporation (Market cap: $497.62 billion)

ExxonMobil is one of the largest publicly traded international energy and petrochemical companies. It creates solutions that improve quality of life and meet society’s evolving needs. The corporation’s primary businesses – upstream, product solutions and low carbon solutions – provide products that enable modern life, including energy, chemicals, lubricants and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources. It is one of the largest integrated fuels, lubricants and chemical companies in the world.

Chevron Corporation (Market cap: $284.22 billion)

Chevron primarily operates in some of the world’s most important oil and gas regions. It leverages innovation and the effective use of technology to maximize mature fields, discover new resources and meet the world’s growing demand for energy. It aims to continue making progress in reducing upstream greenhouse gas intensity through technology development and partnerships.

PetroChina (Market cap: $244.41 billion)

PetroChina is one of the major oil and gas producers and distributors in China, as well as a significant player in the global oil and gas industry. It is engaged in a wide range of activities related to oil, gas and new energy, and sustainably provide energy and oil products for economic and social development.

Reliance Industries (Market cap: $237.31 billion)

Reliance is India’s largest and most profitable private sector company. In just over four decades, the company has emerged as one of India’s most valuable, stakeholder-centric organisations. It is building valuable assets for India and innovating for a better future for all Indians. The company has shaped its ambitions and actions every day since inception. It has evolved from being a textile and polyester company to an integrated player across energy, materials, retail, entertainment, and digital services. This has put India on the global energy map and triggered a nationwide retail and digital revolution.

Royal Dutch Shell plc (Market cap: $221.92 billion)

Shell is a global group of energy and petrochemical companies. It employs 103,000 people and has operations in more than 70 countries. The company uses advanced technologies and takes an innovative approach as it seeks to help the world build a sustainable energy future. The company is a customer-focused organisation. It serves more than one million commercial and industrial customers, and around 33 million customers daily at more than 47,000 Shell-branded retail service stations.

TotalEnergies (Market cap: $164.67 billion)

TotalEnergies is a global integrated energy company that produces and markets energies. These are oil and biofuels, natural gas and green gases, renewables and electricity. The company has more than 100,000 employees and is active in about 120 countries. TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

China National Offshore Oil Corporation (Market cap: $137.62 billion)

China National Offshore Oil Corporation is one of the largest offshore oil and gas producers in China. It was established as a state-owned mega company with the approval of the state council on February 15, 1982. The company’s registered capital is RMB 113.8 billion, with five listed companies. The main business covers oil & gas exploration and development, professional technical services, refining product sales and fertilizers. It also covers natural gas production and power generation. Also, it covers financial services, new energy business like offshore wind power.

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