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Page added on June 21, 2015

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The World’s Ten Biggest Oil And Gas Companies

Business

From 2005 to 2015, global oil usage has only increased from 83 million to 93 million bpd (1.13% CAGR). However, the overall rate at which the Top 10 has grown production has been at a 1.29% CAGR pace, and their production now makes up about 58% of all global production. 

The biggest oil and gas companies with the most impressive increases in production are all state-owned. Saudi Aramco, the world’s largest producer, increased production from 10.8 million bpd (2004) to 12 million bpd (2014). NK Rosneft’ OAO, National Iranian Oil, Petrochina, and Kuwait Petrol Corp all saw sizeable increases. The only company to see a big decrease, however, was also state-owned (Gazprom).

 

Courtesy of: Visual Capitalist

Oil and gas continues to make up the majority of the global energy mix with 33% and natural gas at 24%. That said, based on the CAGRs above, it does seem that we are making progress in tapering the growth of production. Human population and the economy are growing at rates higher than 1.13%, so that means oil is giving up ground to other energy sources.

zerohedge



7 Comments on "The World’s Ten Biggest Oil And Gas Companies"

  1. rockman on Sun, 21st Jun 2015 8:44 am 

    “Human population and the economy are growing at rates higher than 1.13%, so that means oil is giving up ground to other energy sources.” It would seem more correct to emphasize that much of the growing population has less access to ALL energy. They seem to be spinning that the new consumers are getting more from the alts. Given where most of the population is growing this point seems unrealistic.

  2. hiruitnguyse on Sun, 21st Jun 2015 11:53 am 

    Oh Yeah…

    http://rt.com/usa/268654-us-gas-ukraine-mccain/

    luv dat pittcher dey took of ‘im.

    Caught him at his finest.

  3. jjhman on Sun, 21st Jun 2015 12:25 pm 

    John McCain must be one of the more significant signs of the decay of American culture (I almost said civilization but that seemed like an exaggeration)

  4. jjhman on Sun, 21st Jun 2015 12:25 pm 

    John McCain must be one of the more significant signs of the decay of America (I almost said American civilization but that seemed like an exaggeration)

  5. GregT on Sun, 21st Jun 2015 1:45 pm 

    McCain is insignificant compared to this:

    http://www.mrctv.org/blog/10-scandals-involving-hillary-clinton-you-may-have-forgotten

  6. Dredd on Sun, 21st Jun 2015 4:26 pm 

    Once a poison salesman always a poison salesman it would seem.

    They have the Pope’s back if you know what I mean.

  7. Dredd on Sun, 21st Jun 2015 4:29 pm 

    “The biggest oil and gas companies with the most impressive increases in production are all state-owned”

    LOL.

    Oil-Qaeda owns the states, not vice versa.

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