The Top 5 Biggest Oil Companies in the World

The oil industry has long been a dominant force in global commerce, and the competition between companies for market share is fierce. In this article, we will take a closer look at the top 5 biggest oil companies in the world, based on their revenues and production levels.

1. Saudi Aramco – As the world’s largest oil company, Saudi Aramco has a production capacity of over 13 million barrels per day and generates revenues of over $225 billion annually. The majority of their production comes from oil reserves in Saudi Arabia, making them a major player in the global oil market.

2. China National Petroleum Corporation (CNPC) – With a production of over 1.5 billion barrels per day, CNPC is China’s largest oil company and the second biggest in the world in terms of revenue. They have a strong presence in the Asian market and also have international projects in countries like Venezuela and Sudan.

3. ExxonMobil – Based in the United States, ExxonMobil is the third biggest oil company in the world with a production of over 1.8 billion barrels per day. They have operations in over 70 countries and are known for their vast network of refineries that process millions of barrels of crude oil every day.

4. Royal Dutch Shell – Headquartered in the Netherlands, Royal