Top 10 oil companies in the world
1.) Saudi Aramco
Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise, is the state-owned oil company of the Kingdom of Saudi Arabia. During their 80-year history they have become a world leader in hydrocarbons exploration, production, refining, distribution, shipping and marketing, and the world’s top exporter of crude oil and natural gas liquids (NGLs).
The company manages proven conventional crude oil and condensate reserves of 260.2 billion barrels. Their average daily crude production in 2012 was 9.5 million barrels per day (bpd). Saudi Aramco and its subsidiaries own or have equity interest in domestic and international refineries with a total worldwide refining capacity of almost 4.5 million bpd, of which their equity share is 2.4 million bpd, making them the world’s sixth-largest refiner.
Gazprom is a global energy company with an average daily crude production of 9.7 million barrels per day. Its major business lines are 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. The company holds the world’s largest natural gas reserves. Gazprom accounts for 14 percent of the global and 74 percent of the Russian gas output, respectively.
Since 1951, National Iranian Oil Company (NIOC) has been directing and making policies for exploration, drilling, production, research and development, refining, distribution and export of oil, gas, petroleum products. NIOC, with a vast amount of oil and gas resources, is one of the world’s largest oil companies. At the present time, it is estimated that the company holds 156.53 billion barrels of liquid hydrocarbons and 33.79 trillion cubic meters of natural gas. The company has an average daily crude production of 6.4 million barrels per day.
ExxonMobil is the world’s largest publicly traded international oil and gas company. The company holds an industry-leading inventory of global oil and gas resources and has an average daily crude production of 5.3 million barrels per day. They are the world’s largest refiner and marketer of petroleum products, and their chemical company ranks among the world’s largest. They operate in most of the world's countries and are best known by the familiar brand names: Exxon, Esso, and Mobil.
PetroChina Co. Ltd., is the largest oil and gas producer and distributor, playing a dominant role in the oil and gas industry in China. It is not only one of the companies with the biggest sales revenue in China, but also one of the largest oil companies in the world. PetroChina was established as a joint stock company with limited liabilities by China National Petroleum Corp. under the Company Law and the Special Regulations on the Overseas Offering and Listing of Shares by Joint Stock Limited Companies in 1999. The company has an average daily crude production of 4.4 million barrels per day.
BP is one of the world's leading international oil and gas companies with an average daily crude production of 4.1 million barrels per day. The company provides customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. Their upstream segment is responsible for activities in oil and natural gas exploration, field development and production. Their downstream segment is the product and service-led arm of BP, focused on fuels, lubricants and petrochemicals.
Shell is a global group of energy and petrochemical companies with an average daily crude production of 3.9 million barrels per day. Their upstream segment is focused on exploring for new oil and gas reserves and developing major projects where their technology and know-how adds value to the resource holders. Their downstream emphasis remains on sustained cash generation from existing assets and selective investments in growth markets. The company has spent $2.2 billion on developing alternative energies, carbon capture and storage, and CO2-related R&D over the past five years.
Mexico's state oil company Pemex is engaged in the exploration, production, transportation, refining, storage and sale of hydrocarbons and derivatives. The company produces an average daily crude production of 3.6 million barrels per day. Its products include petrochemicals, natural gas, liquid gas, sulphur, gasoline, kerosene, and diesel. Pemex operates 344 production fields; 6,382 production wells; 225 off-shore platforms; six refineries; eight petrochemical complexes; 7,896km of gas pipelines; 4,548km of oil pipelines; and 19 LPG distribution terminals.
Chevron has an average daily crude production of 3.5 million barrels per day. Chevron had a global refining capacity of 1.95 million barrels of oil per day at the end of 2012. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides renewable energy and develops research for advanced biofuels.
10.) Kuwait Petroleum Corp.
Kuwait Petroleum Corp. is the state-owned entity responsible for Kuwait's hydrocarbon interests throughout the world. The company has an average daily crude production of 3.2 million barrels per day. As part of the global energy industry, they supply the world with oil and gas needs by exploring for, producing, refining, transporting and marketing these precious natural resources both in their home country and internationally. They have plans to launch strategic projects such as the Nghi Son Vietnam Refinery and Petrochemical Complex, the Clean Fuel Project and the New Refinery Project,as part of their upstream activities.
Top 10 ways to prepare for COVID-19
Energy Digital sets out Gartner’s Top 10 ways organisations can prepare for a pandemic, via effective operational risk management.
As the spread of the Coronavirus (COVID-19) continues to develop, many businesses are left uncertain as to whether their risk mitigation plan is sufficient.
In a recent webinar conducted by the research and advisory firm just 12% of 1,500 people believe that their business is highly prepared for the impact of COVID-19, while 56% believed themselves to be somewhat prepared, and 11% believed themselves to be very unprepared.
“Most organizations have done some pandemic planning but still have many unanswered questions about whether they have done everything they can to manage risks,” says Jim Mello, Senior Director, Advisory, Gartner.
Establish a preparedness framework
Establish a team that represents all critical business functions. These people will report directly to executive management and are responsible for prioritising the importance of business activities and organise them in tiers for response and recovery.
Monitor the situation
It is important to ensure that organisations monitor the rate in which the infection is spreading and its severity. Many rely on the World Health Organisation for information.
Be sure to revise revenue forecasts and communicate with investors, as well as suppliers in regards to any potential finance issues. It is important to ensure that the business has the working capital to ride it out.
Ways to ensure this include: working capital checks, seeking loans or government-sponsored financial relief.
Extend personal hygiene and cleaning protocols
It is important to comply with any changes to workplace regulations. In addition, it is important to establish protocols for staff returning from infected areas, as well as extending existing hygiene activities.
Ensure close monitoring of absenteeism rates for signs of problems. It is important to identify critical staff in order to make sure the company can continue to function in their absence and be prepared for up to 40% absentee rates.
In addition to reviewing HR policies and procedures, it is important to maintain a level of sensitivity when it comes to engaging with employees and workplace preferences.
Establish a communication programme
People can feel out of the loop quickly. Establish a spokesperson appropriate for the situation who can maintain lines of communication. In addition, organisations should establish pre-approved messages and scripts for various stakeholders.
Review the impact on the operation
Although this may seem overwhelming, the team established to represent all critical business functions should identify key areas to consider. It is important to maintain a connection with the reality on the ground in countries affected.
Key questions to consider: is transport functioning? Have holidays been extended? Where can operation continue and where do they need to stop?
IT business functions tend to be relatively well-prepared for business continuity. However, it is important to assess the supply chain for critical equipment and keep extra inventory if required.
In addition, organisations should keep in mind remote data centre management and cloud options for critical systems as well as enabling remote working programs and rescheduling any non-essential IT work prioritising key applications.
Review pandemic plans to identify any gaps in response
Conduct a preparedness exercise by validating roles and responsibilities as well as recovery requirements and procedures, in order to identify any gaps in the recover capabilities and resource needs.
Following the establishment of a pandemic plan, identify three lessons learned, key observations or improvements for the exercise. After establishing these organisations should priorities the short and long term follow up actions.