In 2016, Forbes brought together a list of the top leading companies of the oil and gas industry. Today, we will explore the top 3 biggest in the world. We will explore the details and differences of these companies, but it’s very clear why they are the top 3.
Gazprom’s main trade is in natural gas and other energy resources. Holding the world’s largest natural gas reserve, Gazprom is also the largest importer of natural gas to the European market. This booming company in the industry strives to transport natural gas and other energy resources to their customers. Gazprom also has a high involvement in Russia, selling more than half of their gas to Russian consumers. This company is the only producer of Liquefied Natural Gas in Russia. Gazprom’s CEO Alexey Miller is an extremely powerful influencer in the world, and accounts for nearly 13% of world production.
In terms of oil and gas production, Rozneft is the leading producer of petroleum in Russia, although they are a global company. As the deliverer of over 40% of oil to Russia, Rozneft has climbed the uphill battles of the economy and crises over the past. Being aware of the environmental ethics to the oil industry, Rozneft has a sustainable development policy which the company adheres to. Among that policy is the objective to regulate and unify activities pertaining to sustainability. The company will report its first quarter of 2017 financial results, Friday, May 5.
3. Exxon Mobil
Depending on where you’re located, you may be more familiar with Exxon Mobil. With gas stations in 47 states across the U.S., Exxon has been providing gas to Americans for years. Among Forbe’s list, Exxon Mobil has the highest enterprise value, an impressing $390 billion. Exxon has already presented the public with its first quarter earnings through a webcast and presentation. This company has managed growth of their oil production by over 13% in the last year alone.
As you can tell, there are many differences between each company although they all manage in the same industry. There are various types of gas and oil production and sales. Each of these 3 companies are known for their specific production. It’s no question why these companies are leading the global industry.
About The Author
Anatoly Vanetik is a Venture Capitalist, Oil and Gas Expert, and Businessman in Orange County, California. He is the President and Chairman of the Board of Directors at Vanetik and Associates, a popular venture and consulting firm in the resource industry that Anatoly began. He brings many years of professional experience in the engineering and energy industries. Outside of his career, Anatoly Vanetik is passionate about animal welfare and art history, and maintains monthly blogs about each one.