2013 Ranking of the World's Biggest Oil Companies - Forbes

by David Rachovich

World's Top 20 Oil Companies 

Rank 2013	Rank 2003	Company	Production Volumes (in million barrels of oil equivalent – BOE - per day)* 2013 ranking	Production Volumes (in million barrels of oil equivalent – BOE - per day)* 2003 ranking
1.	1.	Saudi Aramco (Saudi Arabia)	12.7	9.9
2.	2.	Gazprom (Russia)	8.1	9.5
3.	3.	NIOC (Iran)	6.1	4.9
4.	4.	ExxonMobil Corp. (USA)	5.3	4.6
5.	N/A	Rosneft (Russia)	4.6	N/A
6.	6.	Royal Dutch/Shell (NL/UK)	4.0	4.1
7.	9.	PetroChina (China)	3.9	2.5
8.	5.	Pemex (Mexico)	3.6	4.2
9.	8.	Chevron Corp. (USA)	3.5	3.2
10.	12.	KPC (Kuwait)	3.4	2.3
11.	7.	BP (UK)	3.1	3.9
12.	10.	Total (France)	2.6	2.4
13.	N/A	Petrobras (Brazil)	2.5	~1.5
14.	N/A	QP (Qatar)	2.4	1.4
15.	14.	ADNOC (UAE)	2.4	1.82
16.	15.	Lukoil (Russia)	2.3	1.8
17.	20.	MoO (Iraq)	2.22	1.6
18.	11.	Sonatrach (Algeria)	2.19	2.36
19.	18.	PDVSA (Venezuela)	2.1	1.6
20.	19.	Statoil (Norway)	2.0	1.6

*Working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.

Source: Christopher Helman, "The World's Biggest Oil Companies  2013," Forbes, November 17, 2013

(Please see my previous post: "Mid 2012 Ranking of the World's Biggest Oil & Gas Companies -- Forbes." Also, please see the world's largest oil and gas companies by oil and gas production, oil and gas reserves, product sales and refinery distillation capacity, i.e., PIW rankings: "Energy Intelligence announces the PIW Top 50 ranking of the world's largest oil companies." And the PFC Energy ranking of the biggest publicly-traded energy companies, based mainly on capital market performance: "PFC Energy 50 Ranking of World’s Top Energy Companies." Furthermore, please see Platts Top 250 Global Energy Company Rankings/my post incl update, which reflect fiscal year financial performance of companies in four key areas: asset value, revenues, profits and return on invested capital/ROIC. -- D.R.)

Energy Intelligence announces the PIW Top 50 ranking of the world's largest oil companies

Energy Intelligence via PR Log (Press Release), Nov. 18, 2013

Russia and US Shale Reshape Latest Annual Ranking of the World’s 50 Largest Oil Companies from Petroleum Intelligence Weekly. [Read more]

Please see  http://www2.energyintel.com/PIW_Top_50_ranking_about and the EI infographic below:
Source: www.energyintel.com
Note: The share permission provided by Helen Reddick, Database and Marketing Manager, Energy Intelligence

(The ranking is based on six operational criteria - oil and gas reserves, oil and gas production, refined product sales and refinery distillation - and, unlike other corporate ranking systems in this industry, it allows for comparisons of both national oil companies and private sector firms. These Top 50 companies represent over 70% of global oil production and fully two-thirds of global refined product sales, making these rankings truly comprehensive and global. The rankings are based on 2012 data, the latest annual figures available - my emphasis, D.R.)   

World's Top 25 Crude Oil Producers, 2010-2012 -- EIA

by David Rachovich

Production of Crude Oil including Lease Condensate (Thousand Barrels Per Day), 2010-2012 – EIA  

Rank	Country	2012	Share of total	2011	2010
1.	Russia	9,922	13.1%	9,774	9,694
2.	Saudi Arabia*	9,832	13.0%	9,458	8,900
3.	United States	6,474	8.6%	5,662	5,479
4.	China	4,129	5.5%	4,059	4,078
5.	Iran*	3,367	4.5%	4,054	4,080
6.	Canada	3,117	4.1%	2,904	2,732
7.	Iraq*	2,983	3.9%	2,626	2,399
8.	United Arab Emirates*	2,804	3.7%	2,679	2,415
9.	Kuwait*	2,635	3.5%	2,530	2,300
10.	Mexico	2,589	3.4%	2,596	2,621
11.	Nigeria*	2,520	3.3%	2,550	2,455
12.	Venezuela*	2,300	3.0%	2,300	2,216
13.	Brazil	2,061	2.7%	2,105	2,055
14.	Angola*	1,817	2.4%	1,786	1,939
15.	Norway	1,607	2.1%	1,752	1,869
16.	Algeria*	1,532	2.0%	1,540	1,540
17.	Kazakhstan	1,514	2.0%	1,553	1,525
18.	Libya*	1,367	1.8%	465	1,650
19.	Qatar*	1,216	1.6%	1,296	1,127
20.	Colombia	944	1.2%	914	786
21.	Azerbaijan	934	1.2%	983	1,035
22.	Oman	919	1.2%	886	865
23.	United Kingdom	881	1.2%	1,026	1,233
24.	Indonesia	855	1.1%	918	953
25.	India	777	1.0%	782	751
OPEC**		32,877	43.5%	31,784	31,507
All Countries (World)		75,553	100.0%	74,144	74,074

 

*OPEC member. Data for Kuwait and for Saudi Arabia each include one-half of the production in the Kuwait-Saudi Arabia Neutral Zone.

**OPEC total includes also Ecuador's production of 504,000 barrels of crude per day in 2012; 500,000 in 2011; and 486,000 in 2010.

Source: U.S. Energy Information Administration (EIA), International Energy Statistics, here

 

(Figures above may be updated at any time by EIA. Also, please see: "World's Top 23 Crude Oil Producers, November 2011 (including OPECproduction) - EIA," and "World's Top20 Crude Oil Producers, Nov. 2010 – EIA." -- D.R.)