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 Largest Refiners, Jan 1, 2013 -- OGJ

by David Rachovich

World's Top 25 Refining Companies 

Rank  Jan 1, 2013	Rank  Jan 1, 2012	Company	Crude Capacity, barrels per calendar day (b/cd)*
1.	1.	ExxonMobil Corp. [USA]	5,657,500
2.	2.	Royal Dutch/Shell [NL/UK]	4,194,239
3.	3.	Sinopec [China]	3,971,000
4.	4.	BP [UK]	3,322,170
5.	5.	Valero Energy Corp. [USA]	2,776,500
6.	6.	PDVSA [Venezuela]	2,678,000
7.	7.	CNPC [China]	2,675,000
8.	9.	Chevron Corp. [USA]**	2,584,600
9.	8.	Phillips 66 [USA]	2,504,200
10.	10.	Saudi Aramco [Saudi Arabia]	2,451,500
11.	11.	Total SA [France]	2,304,326
12.	12.	Petrobras [Brazil]	1,997,000
13.	13.	Pemex [Mexico]	1,703,000
14.	14.	NIOC [Iran]	1,451,000
15.	15.	JX Nippon Oil & Energy [Japan]	1,423,200
16.	16.	Rosneft [Russia]	1,293,000
17.	18.	Marathon Petroleum Co LP [USA]	1,248,000
18.	17.	OAO Lukoil [Russia]	1,217,000
19.	19.	SK Innovation [South Korea]	1,115,000
20.	20.	Repsol YPF SA [Spain]	1,105,500
21.	21.	KNPC [Kuwait]	1,085,000
22.	22.	Pertamina [Indonesia]	993,000
23.	23.	Agip Petroli SpA [Italy]	904,000
24.	24.	Flint Hills Resources [USA]	798,475
25.	25.	Sunoco Inc [USA]	505,000

Notes: Major changes in positions since Jan. 1, 2012, are few: Chevron and Phillips swapped ranks as well as Marathon and OAO Lukoil. Other changes in capacity are due to adjustments in declared capacity. – Please read Warren R. True and Leena Koottungal, "Asia, Middle East Lead Modest Recovery in Global Refining," OGJ, Dec 3, 2012, Table 1. Top 5 largest refiners (refining companies) in the USA are: Valero (12 refineries with 2,096,500 b/cd of crude capacity), Phillips 66, ExxonMobil, BP and Marathon---please see ibid., Table 2. For the USA, Valero has moved into the top spot for company-wide capacity, pushing Phillips 66 to No. 2. Also, please see my post "Top 20 Largest Refining Companies/Refiners in the U.S. as of Jan 1, 2011." -- D.R 

 *Includes partial interests in refineries not wholly owned by the company.

 **Includes holdings in Caltex Oil and GS Caltex.

Source: Oil & Gas Journal, Dec 3, 2012.

(Please see my posts: "World's Top 25 Largest Refining Companies, Jan 1, 2011 – OGJ, "World's Top 21 Largest Oil Refineries – OGJ," Jan 6, 2013; "World's Top 21 Largest Oil Refineries – OGJ," Feb 7, 2012; and Aaron & David Rachovich, "World's Top 21 Largest Oil Refineries – OGJ," Feb 19, 2011 – D.R.)