5 Biggest Oil Companies in the World

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In this piece, we will take a look at the five biggest oil companies in the world. For more companies, head on over to 20 Biggest Oil Companies in the World.

5. Shell plc (NYSE:SHEL)

Trailing twelve month revenue as of Q3 2022: $365 billion

Revenue during 2021: $261 billion

Shell plc (NYSE:SHEL) is one of the largest and oldest oil companies in the world. Set up in 1907, it is headquartered in London, the United Kingdom.

Taking advantage of its scale, Shell plc (NYSE:SHEL) announced in November 2022 that it will spend a whopping $2 billion to buy a carbon neutral natural gas producing company in Denmark. The firm, Nature Energy, produces natural gas from animal and food waste.

39 of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought Shell plc (NYSE:SHEL)’s shares.

Shell plc (NYSE:SHEL)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 20 million shares that are worth $1 billion.

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