Types of Companies in Oil and Gas Industry (Part1) - Masters of Petroleum

Oil & Gas Industry is the biggest industry in the whole world. It drives all local and international markets, controls governments, raises up or lowers economy of different countries, causes wars with huge losses or establishes new civilizations. you must know it is the first factor affect the technology for the past 100 years.

So, such a big industry must have a large number of sectors, companies, and labors with high profits.

Then there are several sectors of this industry to integrate the exploration, production, refining, transportation, petrochemical, and other related processes to make the best use of the black gold.

Major Businesses of Companies involved in Oil & Gas Industry

• E&P Company
• Oilfield Services Company
• Drilling Contractors
• Pipeline Companies
• EPC Contractors
• Refinery
• Petrochemical Company
• Automation and Systems

We will concern every single type in a separate article and recognize the most reputable companies of each field in the next days.

E&P with Top Companies

E&P Companies: stands for Exploration & Production, it is in a specific sector within the oil and gas industry. Companies involved in the high-risk/high-reward area of exploration and production focus on finding, augmenting, producing, and merchandising different types of oil and gas. It's also called "owner companies" where it owns mineral rights of Oil and Gas in Reservoir.

E&P is known as the upstream segment of the oil and gas industry. The resource owners and operators of E&Ps work with a variety of contractors such as engineering procurement and construction (EPC) contractors, and oil field service. The E&P company may consist of a joint-venture partnership between other larger corporations.

They are the main player in Oil & Gas markets, where they own the oil and leads the market prices and the whole industry.

A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. 
Each of the participants is responsible for profits, losses, and costs associated with it. The venture is its own entity, separate from the participants' other business interests.

Most reputed E&P Companies:

ROYAL DUCH SHELL: Founded: 1907. Location: The Hague, Netherlands. Revenue: $264.9 billion.

It is a British-Dutch oil and gas company. It is one of the oil and gas "supermajors". It's an integrated company and is active in every area of the oil and gas industry including exploration, production, refining, transport, distribution and marketing, petrochemicals, power generation, and trading. It also has renewable energy activities, including biofuels, wind energy. Website Careers

ExxonMobil: Founded: 1882. Location: Irving, Texas. Revenue: $236.8 billion.

It is an American multinational oil and gas corporation headquartered in Irving, Texas. was formed on November 30, 1999, by the merger of Exxon and Mobil and was called ExxonMobil.Its activities are in oil & gas exploration and production, refining, and chemicals. Website Careers

British Petroleum BP: Founded: 1909. Location: London, England. Revenue: $303.7 billion.

It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation, and trading. It also has renewable energy interests in biofuels, wind power, and solar technology. Website Careers

TOTAL: Founded: 1924. Location: Courbevoie, France. Revenue: $143.4 billion

Total is a top-tier international oil and gas company and a Major Player in Low-Carbon Energies. They discover, produce, process, sell and market energy in a variety of forms. Total is known for its exploration, development, production, and marketing of oil and gas. Website Careers

ROSNEFT: Founded: 1993. Location: Moscow. Revenue: $80.8 billion

Rosneft is the leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company. The company’s main activities include prospecting and exploration of hydrocarbon deposits, oil, gas and gas-condensate production, upstream offshore projects, processing, as well as oil, gas, and product marketing in Russia and abroad. Website Careers

CHEVRON: Founded: 1906.Location: United States. Revenue: $129.9 billion.

The company engages in fully integrated petroleum operations from upstream exploration and production to midstream transportation, power, and trading to downstream manufacturing and retail. They have a business in wide segments such as chemicals operations, mining operations, power generation, and energy services. Website Careers

PetroChina: Founded: 1999. Location: Beijing, China. Revenue: $274.6 billion.

One of the largest oil companies in the world. Petro China is involved in the exploration, development, production and sale of crude oil and natural gas. The business is also involved in the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, derivative chemical products and other chemical products. Website Careers

SINOPEC: Founded: 2000. Location: Beijing, China. Revenue: $283.6 billion

China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical, enterprise group. Sinopec Group is the largest oil and petrochemical products suppliers and the second-largest oil and gas producer in China, the largest refining company and the second-largest chemical company in the world. Its total number of gas stations rank second place in the world. Website Careers

Saudi ARAMCO: Founded:1933. Location: Dhahran, Saudi Arabia. Revenue:$355.9 billion

It is one of the largest companies in the world by revenue, and according to accounts seen by Bloomberg News, the most profitable company in the world. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels and second-largest daily oil production. Its operations span the globe and include exploration, production, refining, LNG, chemicals, distribution, shipping, and marketing. Website Careers

Qatar Petroleum: Founded:1974. Location: Doha, Qatar.

QP is a state-owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage, natural gas, crude oil, liquefied natural gas (LNG), gas-to-liquids (GTL) products, petrochemicals, natural gas liquids (NGL), refined products, steel and aluminium, and fertilizers. Other subsidiaries: Qatar Liquefied Gas Co. Ltd, RasGas Companies, Qatar Fuel Additives Co. Ltd, Qatar Petroleum International. Website

Gazprom: Founded: 1989. Location: Moscow, Russia. Revenue: $102.1 billion

Gazprom is a global energy company focused on geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power. Besides holding the world’s largest natural gas reserves and being Russia’s largest producer and exporter of liquefied natural gas (LNG). Website Careers

Kuwait Petroleum Corporation: Founded: 1980. Location: Kuwait City, Kuwait. Revenue: $102.1 billion

KPC is focused on petroleum exploration, production, petrochemicals, refining, marketing, and transportation. KPC produces about 7% of the world's total crude oil. KPC plans are to achieve crude oil production capacities in Kuwait of 4.0 million barrels per day by 2020. Website

Petrobras: Founded: 1953. Location: Rio de Janeiro, Brazil. Revenue: $90.1 billion

It Brazilian oil and gas company is a semi-public Brazilian multinational corporation in the petroleum industry. The company was ranked 58 in the most recent Fortune Global 500 list. Its operations include exploration, production, refining, gas, distribution, power, Lubricant, petrochemicals, fertilizers, and biofuel. International business of the company includes exploration and production. Website Careers

ADNOC: Founded:1971. Location: Abu Dhabi, United Arab Emirates. Revenue: $60 billion.

ADNOC is one of the world's largest energy companies measured by both reserves and production. ADNOC has 16 subsidiary companies in upstream, midstream, and downstream stages of production. ADNOC develops both onshore and offshore gas fields. The company operates two oil refineries, Ruwais, and Umm Al Nar. ADNOC exports natural gas in the form of liquefied natural gas (LNG) in addition to producing supplies for local electricity and water utilities, petrochemicals plants. Website Careers

Lukoil: Founded: 1991. Location: Moscow, Russia. Revenue: $90.4 billion.

It is one of the largest publicly traded, vertically integrated oil and gas companies in the world accounting for more than 2% of the world’s oil production and around 1% of the proved hydrocarbon reserves. The company specializes in the exploration, production, refining, marketing, and distribution of oil. Website Careers

Sonatrach: Founded: 1963. Location: Hydra, Algeria.

It is an Algerian government-owned company formed to exploit the hydrocarbon resources of the country. Its diversified activities cover all aspects of oil & gas industry chain. upstream (E&P), midstream (transport) and downstream (marketing, refining and petrochemicals). Website

Petronas: Founded: 1974. Location: Kuala Lumpur, Malaysia.

PETRONAS has grown to be an integrated international oil and gas company with business interests in 35 countries, engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas, petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment. Website Careers

DEA AG: Founded: 1899. Location: Hamburg, Germany.

DEA is a derivation from Deutsche Erdöl-Aktiengesellschaft, the original name of the company. It is an internationally operating exploration and production (E&P) company for natural gas and crude oil. The purpose of the business is the secure, environment-friendly and sustainable production of crude oil and natural gas along with its storage. Its operation also involves high-volume underground storage facilities for natural gas. Website

ENI: Founded: 1953. Location: Rome, Italy. Revenue: $76.938 billion.

The name "ENI" was initially the acronym of "Ente Nazionale Idrocarburi" (National Hydrocarbons Authority).It is an Italian multinational oil and gas company, Considered one of the global supermajors, it has operations in 79 countries., it operated in a large number of fields including contracting, nuclear power, energy, mining, chemicals and plastics, refining/extraction and distribution machinery, hospitality industry. Website Careers