What are the biggest oil companies in the world? Exxon Mobil may be the most valuable oil company in the World in terms of market value, but there are bigger oil and gas producers out there. Arab, Russian, and Iranian companies are actually bigger than Exxon. Oil business is one of the most profitable businesses out there. Despite growing environmental concerns, oil companies pretty much keep the world running. While animosity against such corporations might be on the rise, the truth of the matter is that oil and natural gas will remain high-end commodities for years to come, making the work of oil companies vital.
Following, we would like to present you with a list we have compiled of the top 10 biggest oil companies in the world. The companies we’re ranked according to the number of barrels produced per day. Let’s take a look at the countdown.
No. 10: Kuwait Petroleum Corporation
Production: 3.2 million barrels a day
Kuwait’s national oil company has managed to recuperate greatly after its fields were set on fire back in the 1990s. Nowadays, the company is one of the top ten biggest oil companies in the world, with a production output of 3.2 million barrels a day.
No. 9: Chevron Corporation (NYSE:CVX)
Production: 3.5 million barrels a day
Chevron’s move to buy Atlas Petroleum back in 2010 has given the company access to new oil fields, increasing its production to 3.5 million barrels a day.