São Paulo – This week, the United States’ Forbes magazine issued a list of 25 biggest oil companies in the world. The top-ranking company is Saudi Arabia’s government-owned Saudi Aramco. According to the publication, the company is the largest “by far” and posts more than US$ 1 billion in revenues each day.
The ranking takes into account combined daily production of oil and gas, expressed in barrels of oil equivalent. Aramco’s output is 12.5 million barrels. For the sake of comparison, the second company in the ranking, Russia’s Gazprom, extracts 9.7 million per day. The different between the two is roughly equivalent to the total production in Brazil.
Other Arab companies in the list are the Kuwait Petroleum Corporation, at 10th, with 3.2 million barrels per day; the Abu Dhabi National Oil Company (11th at 2.9 million barrels), Algeria’s Sonatrach (12th at 2.7 million barrels), the Iraqi Ministry of Oil (16th at 2.3 million barrels) and Qatar Petroleum (17th at 2.3 million barrels).
Brazil’s Petrobras ranks 14th at 2.6 million barrels per day. The publication notes that the company is working to develop ultra-deep oil fields in the pre-salt layer of the Brazilian coast.
The ranking also includes the National Iranian Oil Company (3rd), the United States’ ExxonMobil (4th), Chevron (9th) and ConocoPhillips (21st), China’s PetroChina (5th) and Sinopec (23rd), Britain’s BP (6th), the Anglo-Dutch Royal Dutch Shell (7th), Mexico’s Pemex (8th), France’s Total (13th), Russia’s Rosneft (15th) and Lukoil (18th), Italy’s Eni (19th), Norway’s Statoil (20th), Venezuela’s PDVSA (22nd), the Nigerian National Petroleum (24th), and Malaysia’s Petronas (25th).
*Translated by Gabriel Pomerancblum
