Markets

Insider Trading

Hedge Funds

Retirement

Opinion

20 Biggest Natural Gas Companies in the World

In this article, we will be covering the 20 biggest natural gas companies in the world. If you want to skip our detailed analysis of the global natural gas market, you can go directly to 5 Biggest Natural Gas Companies in the World.

The Global Natural Gas Industry at a Glance

Natural gas is an important fossil fuel that plays a significant role in the global energy sector. It is used for various purposes, including electricity generation, heating, and as a fuel source for vehicles. The natural gas industry involves the extraction, processing, and distribution of this resource to meet the rising energy demands worldwide. According to a report by The Business Research Company, the global natural gas market was valued at $1.02 trillion in 2023. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2028 to reach a value of $1.51 trillion by the end of the forecast period.

Economic growth, industrialization, and the rising demand for energy and electricity are key factors driving growth in the global natural gas market. Technological advancements and innovations within the global natural gas industry are further augmenting market growth. According to the International Energy Agency (IEA), gas-fired generation accounted for more than 20% of global electricity generation in 2022. In the United States, which ranks high among the countries with the highest energy consumption, gas-fired generation grew by approximately 7% in 2022.

Leading Companies in the Global Natural Gas Market

Some of the biggest companies in the global natural gas industry are Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), and Shell plc (NYSE:SHEL).

Shell plc (NYSE:SHEL) is a British multinational oil and gas company that is engaged in the exploration, production, refining, and marketing of natural gas and oil. Shell plc (NYSE:SHEL) is also one of the most profitable natural gas stocks. On February 1, Shell plc (NYSE:SHEL) reported strong earnings for the fiscal first quarter of 2024. The company reported earnings per share (EPS) of $2.22, surpassing EPS estimates by $0.36. The company reported a revenue of $78.73 billion. Here are some comments from Shell plc’s (NYSE:SHEL) Q4 2023 earnings call:

“The most significant contribution in the short term comes from focusing on where we play, which are essentially portfolio choices. And at the same time, we are emphasizing a bottom-up focus to create a leaner more agile organization that delivers more value. We are also leveraging new technologies such as artificial intelligence to improve the performance of our assets.

We have millions of sensors collecting over 5 trillion rows of data that our AI models, combined with our conventional models used to monitor equipment 24 hours a day, 7 days a week, alerting engineers to anomalies from a distance. This enables us to intervene and fix issues early, improving our performance, and we continue to high-grade our portfolio and position the company for growth into the future.”

As the global energy landscape continues to evolve, major gas companies are expanding their product portfolios to adapt to changing market needs. Chevron Corporation (NYSE:CVX) is one of the world’s biggest integrated energy companies. It produces crude oil and natural gas and manufactures transportation fuels, lubricants, and petrochemicals. On February 29, Chevron Corporation (NYSE:CVX) reported that a division of the company, Chevron New Energies, is developing a 5-megawatt hydrogen production project in Central Valley, California. This project aims to generate low-carbon energy by utilizing solar power, land, and non-potable water from Chevron Corporation’s (NYSE:CVX) existing assets at the Lost Hills Oil Field in Kern County. The company’s goal is to produce two tons of low-carbon intensity (LCI) hydrogen per day, with the aim of supporting an expanding hydrogen refueling network. The hydrogen will be produced through electrolysis, a process that involves using electricity to split water into hydrogen and oxygen.

On February 21, Reuters reported that a consortium led by Exxon Mobil Corporation (NYSE:XOM) is considering the development of its first offshore natural gas production project in Guyana, near the country’s maritime border with Suriname. The consortium includes Exxon Mobil Corporation (NYSE:XOM), Hess Corporation (NYSE:HES), and CNOOC Limited (HKG:0883). In 2015, the consortium discovered over 11 billion barrels of oil and gas in the South American country. According to the report, the earliest the consortium could start gas production in the prospective field near Suriname is expected to be 2029 or 2030.

Now that we have discussed what’s going on in the global natural gas industry, let’s take a look at the 20 biggest natural gas companies in the world.

Aerial view of a natural gas production facility with travelling pipelines extending from it.

Methodology

In this article, we have listed the 20 biggest natural gas companies in the world. To find the top natural gas companies in the world, we sifted through various sources including industry reports, our own rankings in addition to rankings available on various websites, and consulted stock screeners from Yahoo Finance and Finviz. For companies that are publicly traded, we decided to rank them according to their market capitalization as of March 11, 2024. We used fiscal year revenues to rank the companies that are not publicly traded. For foreign companies, we converted the market caps and revenues to US dollars according to their respective exchange rates. Finally, we narrowed down our selection to rank the 20 largest natural gas companies in the world based on their market capitalization and revenues, which are listed below in ascending order.

20 Biggest Natural Gas Companies in the World

20. Duke Energy Corporation (NYSE:DUK)

Market Capitalization: $73.87 Billion

Duke Energy Corporation (NYSE:DUK) is an American electric power and natural gas holding company that ranks among the 20 biggest natural gas companies in the world. It is engaged in electric power and natural gas distribution operations. Duke Energy Corporation (NYSE:DUK) has a market capitalization of $73.87 billion as of March 11, 2024.

19. The Southern Company (NYSE:SO)

Market Capitalization: $76.13 Billion

Southern Company is an American gas and electric utility holding company that ranks 19th on our list of the biggest natural gas companies in the world. It serves millions of natural gas utility customers in the US. The Southern Company (NYSE:SO) has a market capitalization of $76.13 billion as of March 11, 2024.

18. Equinor ASA (NYSE:EQNR)

Market Capitalization: $76.42 Billion

Equinor ASA (NYSE:EQNR) is a Norwegian state-owned multinational energy company that is engaged in the exploration, development, and production of natural gas and oil. It is one of the largest gas producers in Europe. As of March 11, 2024, Equinor ASA (NYSE:EQNR) has a market capitalization of $76.42 billion. It is also one of the most valuable oil companies in the world.

17. Enbridge Inc. (NYSE:ENB)

Market Capitalization: $76.78 Billion

Enbridge Inc. (NYSE:ENB) is a Canadian multinational pipeline and energy company. It owns and operates pipelines throughout Canada and the US, transporting crude oil, natural gas, and natural gas liquids. It is one of North America’s largest natural gas utility companies by volume. As of March 11, 2024, Enbridge Inc. (NYSE:ENB) has a market capitalization of $76.78 billion.

16. Canadian Natural Resources Limited (NYSE:CNQ)

Market Capitalization: $77.25 Billion

Canadian Natural Resources Limited (NYSE:CNQ) is a Canadian oil and natural gas company. As one of the world’s largest independent crude oil and natural gas producers, Canadian Natural Resources Limited (NYSE:CNQ) has a market capitalization of $77.25 billion as of March 11, 2024.

15. PT Pertamina (Persero)

Revenue: $84.88 Billion

PT Pertamina (Persero) is an Indonesian state-owned oil and natural gas corporation that ranks among the top 15 on our list of the biggest natural gas companies in the world. It is engaged in the exploration, development, and production of oil and natural gas. PT Pertamina (Persero) generated a revenue of $84.88 billion in 2022.

14. Petronas

Revenue: $85.36 Billion

Petronas, also known as National Petroleum Limited, is a Malaysian multinational oil and natural gas company. With a presence in over 100 countries, it is one of the biggest oil and gas companies in the world. Petronas generated a revenue of $85.36 billion in 2022.

13. Abu Dhabi National Energy Company PJSC (ADX:TAQA)

Market Capitalization: $96.74 Billion

Abu Dhabi National Energy Company PJSC (ADX:TAQA) is a government-controlled energy holding company of Abu Dhabi, United Arab Emirates. The company specializes in oil and natural gas exploration and production, pipelines, underground gas storage, power generation, and water desalination. Galaxy Entertainment Group Limited (SEHK:0027) has a market capitalization of $96.74 billion as of March 11, 2024.

12. China Petroleum & Chemical Corporation (SHA:600028)

Market Capitalization: $97.68 Billion

China Petroleum & Chemical Corporation (SHA:600028), also known as Sinopec, is a Chinese oil and gas enterprise. As a vertically integrated company, it is engaged in oil and natural gas exploration and production. China Petroleum & Chemical Corporation (SHA:600028) has a market capitalization of $97.68 billion as of March 11, 2024. It ranks 12th on our list of the biggest natural gas companies in the world.

11. BP plc (NYSE:BP)

Market Capitalization: $103.04 Billion

BP plc (NYSE:BP) is a British multinational oil and gas company that is headquartered in London, England. As one of the world’s largest integrated energy companies, it has oil and gas operations and interests in many countries around the world  As of March 11, 2024, BP plc (NYSE:BP) has a market capitalization of $103.04 billion.

10. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Market Capitalization: $106.84 Billion

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a state-owned Brazilian multinational energy company that ranks among the top 10 on our list of the biggest natural gas companies in the world. As an integrated oil and gas company, it is the main producer of natural gas in Brazil. As of March 11, 2024, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has a market capitalization of $106.84 billion.

9. CNOOC Limited (HKG:0883)

Market Capitalization: $110.84 Billion

CNOOC Limited (HKG:0883) is China’s offshore crude oil and natural gas company that is engaged in the exploration, development, production, and sale of crude oil and natural gas. As one of the largest oil and gas companies in the world, CNOOC Limited (HKG:0883) has a market capitalization of $110.84 billion as of March 11, 2024.

8. Pemex

Revenue: $118.54 Billion

Pemex, also known as Petróleos Mexicanos, is a Mexican state-owned fully integrated oil and gas company. company. Managed and operated by the Mexican government, it is one of the world’s largest energy companies by revenue. Pemex generated a revenue of $118.54 billion in 2022 and it ranks 8th on our list of the biggest natural gas companies in the world.

7. ConocoPhillips (NYSE:COP)

Market Capitalization: $135.58 Billion

ConocoPhillips (NYSE:COP) is an American multinational oil and gas corporation. The company explores, produces, transports, and markets oil, natural gas, natural gas liquids, and liquefied natural gas. As one of the world’s largest oil and gas companies, ConocoPhillips (NYSE:COP) has a market capitalization of $135.58 billion as of March 11, 2024.

6. TotalEnergies SE (NYSE:TTE)

Market Capitalization: $153.96 Billion

TotalEnergies SE (NYSE:TTE) is a French multinational integrated energy company. As one of the world’s largest energy companies, it produces and markets oil, biofuels, natural gas, renewables, and electricity. With a market capitalization of $153.96 billion as of March 11, 2024, TotalEnergies SE (NYSE:TTE) ranks 6th on our list of the 20 biggest natural gas companies in the world.

Click to continue reading and see 5 Biggest Natural Gas Companies in the World.

Suggested Articles:

Disclosure: None. 20 Biggest Natural Gas Companies in the World is published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!