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.)