List of largest oil and gas companies by revenue

Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year discontinuation of products or services. Fiscal years are for January 1 to December 31, except where noted. Empty cells indicate that no data for that year has been reported yet.

This list is partially sourced from the S&P Global Commodity Insights Top 250 Global Energy Company Rankings for 2022. The S&P Global list is restricted to publicly traded companies, and only integrated oil and gas, oil and gas exploration and production, oil and gas refining and marketing, and oil and gas storage and transportation companies were included on the list below. For state-owned oil corporations, the list below is also partially sourced from data provided by Statista and the Sovereign Wealth Fund Institute.

This list provides data for parent companies, not each subsidiary.

Table

Revenue in US$ billion
Company Name Country 2018 2019 2020 2021 2022 2023
Sonatrach Algeria 33.2 30.3 33.0 20.0 34.5 76.9
Sonangol Group Angola 17.6 19.5 12.2 5.8 8.5 14.4
YPF Argentina 15.3 16.6 14.5 9.5 13.3 18.7
APA Group Australia 1.9 1.9 1.6 1.7 1.9 2.0
Origin Energy Australia 10.6 10.9 10.2 9.0 9.0 11.4
Santos Australia 3.1 3.7 4.1 3.5 4.8 7.8
Woodside Energy Australia 3.9 5.2 4.8 3.6 6.9 16.8
OMV Group Austria 22.8 27.9 26.2 18.9 42.0 68.2
SOCAR Azerbaijan 53.8 65.3 49.1 23.2 45.5 70.0
nogaholding Bahrain 6.0 7.4 7.0 4.3 6.8 11.1
Bangladesh Petroleum Corporation Bangladesh 5.8 5.8 4.6 5.7
Petrobangla Bangladesh 0.5 0.5 1.8 6.8 6.6
Belneftekhim Belarus 12.7
YPFB Bolivia 5.6 6.5 6.2 4.6 5.9 8.1
Petrobras Brazil 77.8 84.6 76.5 53.6 83.9 124.4
Ultrapar Brazil 24.8 24.9 22.6 15.9 22.0 27.8
Brunei Energy Services and Trading Brunei 1.8 2.1 3.5 2.6 0.9
Bulgarian Energy Holding Bulgaria 3.2 4.2 4.1 3.6 6.8 10.8
AltaGas Canada 1.9 3.2 4.1 4.1 8.4 10.8
ARC Resources Canada 0.8 1.0 0.9 0.8 4.0 6.6
Brookfield Infrastructure Partners Canada 0.0 0.3 1.2 0.2 1.1 14.4
Canadian Natural Resources Canada 14.1 17.1 18.3 13.0 26.2 32.5
Crescent Point Energy Canada 2.5 2.9 2.5 1.2 2.5 3.4
Cenovus Energy Canada 13.3 16.5 16.3 10.3 38.9 55.1
Enbridge Canada 34.2 35.7 37.7 29.1 37.5 40.9
Enerplus Canada 0.7 1.0 0.8 0.6 1.2 2.1
Frontera Energy Canada 0.9 1.0 1.0 0.4 0.7 1.2
Gibson Energy Canada 4.3 5.2 5.5 3.6 5.7 8.4
Inter Pipeline Canada 2.2 2.6 2.5 1.7 2.3
Keyera Canada 0.3 0.3 0.3 1.6 3.3 5.4
MEG Energy Canada 1.9 1.8 2.2 1.6 3.4 4.7
Paramount Resources Canada 0.3 0.6 0.6 0.4 1.1 1.6
Pembina Pipeline Canada 5.4 7.3 7.2 5.9 8.6 8.9
Suncor Energy Canada 25.3 30.5 30.0 18.5 32.7 44.9
Tourmaline Oil Canada 1.2 1.6 1.5 1.6 3.4 6.7
TC Energy Canada 10.3 10.5 9.9 9.6 10.6 11.5
Vermilion Energy Canada 0.7 1.1 1.3 0.8 1.6 2.6
Whitecap Resources Canada 0.7 1.1 1.0 0.6 2.1 3.6
Empresas Copec Chile 20.3 23.9 23.7 18.0 24.7 30.7
Empresa Nacional del Petróleo Chile 6.4 8.3 7.6 4.8 7.6 12.3
China National Offshore Oil China 27.5 34.3 32.4 22.5 38.1 62.7
China Suntien Green Energy China 1.0 1.5 1.6 1.8 2.4 2.7
COSCO Shipping Energy China 1.4 1.8 1.9 2.3 1.9 2.71.9
China National Petroleum Corporation China 346.3 414.6 386.0 302.6 435.1
Sinopec China 349.3 437.7 429.5 305.2 424.8 478.5
Guanghui Energy China 7.9 12.6 13.7 14.9 24.3 58.6
Ecopetrol Colombia 16.7 20.5 21.4 15.0 27.5 47.8
INA d.d. Croatia 2.8 3.7 3.5 2.3 3.5 4.9
Moravské naftové doly (MND) Czech Republic 3.2 3.0 2.0 5.4 9.0
Petroecuador Ecuador 9.5 11.6 11.8 9.9 12.1
Neste Finland 14.9 17.6 17.7 13.4 17.9 27.0
Engie France 59.6 57.0 60.1 44.3 57.9 98.9
Schlumberger France 21.9 24.2 32.9 23.6 22.9 28.0
TechnipFMC France 17.0 14.8 15.0 7.4 7.5 6.7
TotalEnergies France 171.4 209.3 200.3 140.6 205.8 285.8
Wintershall Dea Germany 4.3 4.4 9.6 19.8
Hellenic Petroleum Greece 9.0 11.5 9.9 6.6 10.9 15.2
Motor Oil Hellas Greece 8.8 11.2 10.4 6.9 12.1 17.5
MOL Hungary 15.3 19.2 18.0 13.4 19.7 26.7
Bharat Petroleum India 37.8 45.9 44.2 41.3 58.8 68.0
Hindustan Petroleum India 33.2 28.2 39.0 36.8 50.8 59.4
Indian Oil India 61.7 69.5 76.9 70.1 99.8 119.5
ONGC India 14.3 17.1 14.6 10.1 14.8 87
Reliance Industries India 66.2 81.9 64.5 43.4 107.0 124.0
Pertamina Indonesia 46.0 57.9 54.7 41.4 57.5 95.9
National Iranian Oil Company Iran 110.0
Iraq National Oil Company Iraq 59.4 73.4 78.5 42.0 75.6 115.0
BAZAN Group Israel 5.6 6.6 6.4 4.1 6.5 10.8
Delek Israel 1.9 2.2 0.9 1.9 2.4 3.5
Paz Oil Company Israel 3.1 3.9 3.5 2.3 3.5 4.2
Eni Italy 75.6 89.5 78.2 50.2 90.5 139.3
Saras S.p.A. Italy 8.6 12.1 10.5 5.9 10.1 16.6
Cosmo Oil Company Japan 22.4 25.2 25.1 20.9 22.2 21.4
Eneos Holdings Japan 91.6 101.2 92.1 71.9 99.3 115.6
Idemitsu Kosan Japan 33.9 40.7 56.8 41.4 60.8 72.8
Inpex Japan 7.7 8.4 9.2 7.2 11.3 17.8
KazMunayGas Kazakhstan 16.5 22.8 20.7 9.6 15.5 19.1
Kuwait Petroleum Corporation Kuwait 81.7 78.0 69.0 39.3 52.7
National Oil Corporation Libya 24.4 20.3 5.9 21.5 22.0
Petronas Malaysia 52.0 62.2 58.0 42.5 59.8 85.4
Pemex Mexico 70.6 85.4 74.3 47.8 72.6 122.7
Myanma Oil and Gas Enterprise Myanmar 3.1 0.9 1.7
SBM Offshore Netherlands 1.2 1.7 2.9 2.9 3.7 4.9
Royal Vopak Netherlands 1.5 1.5 1.7 1.3 1.4 1.5
Nigerian National Petroleum Corporation Nigeria 0.2 5.3 12.9 9.6 16.0
Aker BP Norway 2.5 3.7 3.3 2.9 5.6 13.0
Equinor Norway 60.9 78.5 62.9 45.7 88.7 150.8
OQ Oman 23.0 19.0 14.0 22.7 39.1
Petroleum Development Oman Oman 13.9 21.2 28.6
Pakistan State Oil Pakistan 10.4 10.8 8.9 8.0 8.6 13.2
Petroperú Peru 4.0 4.9 4.6 3.1 4.2 5.5
Grupa Lotos Poland 6.4 8.3 7.7 5.4 8.6
PGNiG Poland 9.5 11.4 10.9 10.0 18.1
PKN Orlen Poland 25.3 30.4 28.9 22.1 32.3 62.6
Galp Energia Portugal 17.3 20.6 19.2 13.5 19.5 28.6
Nakilat Qatar 0.9 0.9 1.0 1.1 1.1 1.2
QatarEnergy Qatar 25.9 29.9 29.8 21.0 34.9 53.8
OMV Petrom Romania 4.7 5.7 6.0 4.6 6.2 13.1
Gazprom Russia 112.5 131.5 118.7 87.8 138.7 80.0
Lukoil Russia 102.1 128.5 121.5 78.3 128.3
Novatek Russia 9.9 13.3 13.3 9.8 15.7
Rosneft Russia 84.1 131.8 134.4 83.1 121.1 124.9
Sovcomflot Russia 1.4 1.5 1.6 1.5 1.6
Surgutneftegas Russia 20.2 24.8 24.3 14.9 25.6
Tatneft Russia 11.7 14.5 14.4 10.0 13.6
Transneft Russia 15.2 15.6 16.4 13.3 14.6
Bahri Saudi Arabia 1.6 1.6 1.7 2.2 1.4 2.2
Saudi Aramco Saudi Arabia 264.1 359.2 329.8 229.8 400.4 604.3
Sasol South Africa 12.9 13.5 14.1 12.0 13.1 15.3
GS Caltex South Korea 27.2 32.7 29.9 17.8 31.0 46.8
Korea National Oil Corporation South Korea 2.9 2.8 2.6 1.5 1.9 1.5
SK Innovation South Korea 41.2 48.7 45.3 31.4 42.1 64.4
CEPSA Spain 20.5 26.0 23.6 15.5 26.4 32.8
Repsol Spain 49.1 59.3 57.2 39.9 61.6 82.9
Lundin Energy Sweden 1.9 2.6 2.9 2.5 5.4
Puma Energy  Switzerland 15.1 15.3 14.5 8.1 10.9 15.8
CPC Corporation Taiwan 29.1 33.9 32.5 24.2 31.9 41.0
Formosa Petrochemical Taiwan 20.5 25.4 20.9 14.1 22.1 28.4
PTT Thailand 60.3 73.4 72.8 51.7 70.7 96.3
Trinidad Petroleum Holdings Trinidad and Tobago 2.9 3.6 0.7 0.7 1.0 1.4
TPAO Turkey 1.6 2.0 1.0 0.7 0.7
Naftogaz Ukraine 8.5 9.4 5.8 5.9 8.0
Abu Dhabi National Oil Company United Arab Emirates 5.3 6.2 5.8 4.3 5.6 8.7
Emirates National Oil Company United Arab Emirates 16.4 21.0
BP United Kingdom 244.5 303.7 282.6 105.9 157.7 248.8
Centrica United Kingdom 28.0 27.3 15.9 14.9 18.3 41.6
Harbour Energy United Kingdom 2.4 3.4 5.4
Neptune Energy United Kingdom 2.5 2.2 1.5 2.4 4.6
Shell United Kingdom 211.8 396.5 352.1 183.1 272.6 386.2
Tullow Oil United Kingdom 1.7 1.8 1.6 1.3 1.2 1.7
APA Corporation United States 5.9 7.3 6.5 4.4 8.0 11.0
Cheniere Energy United States 5.6 7.9 9.7 9.3 15.8 33.4
Chesapeake Energy United States 10.0 10.0 8.5 5.2 5.8 11.7
Chevron Corporation United States 141.7 166.3 139.9 94.4 162.4 246.2
Civitas Resources United States 0.2 0.9 3.7
ConocoPhillips United States 32.5 38.7 36.6 19.2 45.8 82.1
Coterra Energy United States 1.4 3.4 9.0
Devon Energy United States 6.5 8.9 6.2 4.8 12.2 19.1
Energy Transfer Partners United States 40.5 54.0 54.2 38.9 67.4 89.8
Enterprise Products United States 29.2 36.4 32.7 27.1 40.7 58.1
EOG Resources United States 11.2 17.2 17.3 11.0 18.6 25.7
EQT Corporation United States 2.6 4.6 3.7 2.6 6.8 12.1
Equitrans Midstream United States 0.8 1.4 1.6 1.5 1.3 1.3
ExxonMobil United States 244.3 290.2 264.9 181.5 285.6 413.6
HF Sinclair United States 14.2 17.7 17.4 11.1 18.3 38.2
Hess Corporation United States 5.3 6.4 6.5 4.8 7.5 11.5
Kinder Morgan United States 13.7 14.1 13.2 11.7 16.6 19.2
Magellan Midstream Partners United States 2.5 2.8 2.6 2.3 2.7 3.2
Marathon Petroleum United States 74.7 96.5 123.9 69.7 119.9 179.9
Northern Oil & Gas United States 0.5 0.4 1.5
Occidental Petroleum United States 13.2 18.9 21.7 16.2 26.3 37.0
Oneok United States 9.8 11.3 8.9 7.2 15.1 22.3
Ovintiv United States 6.7 6.1 8.7 12.4
PBF Energy United States 21.8 27.2 24.5 15.1 27.3 46.8
PDC Energy United States 0.9 1.5 1.1 1.3 1.8 3.8
Phillips 66 United States 104.6 111.4 109.5 65.4 114.8 175.7
Plains All American Pipeline United States 20.1 26.2 33.6 23.2 42.0 57.3
Talos Energy United States 0.3 0.7 0.8 0.5 1.0 1.6
Targa Resources United States 8.8 10.4 8.1 8.2 16.9 20.9
Valero Energy United States 93.0 117.0 108.3 64.9 113.9 176.3
Williams Companies United States 8.0 8.6 8.2 7.7 10.6 10.9
Uzbekneftegaz Uzbekistan 2.6 2.7 1.9 4.1 6.4
PDVSA Venezuela 11.0
Petrovietnam Vietnam 21.3 26.9 31.7 21.1 27.1 39.7

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