World’s Most Valuable Publicly Traded Oil Companies

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Source: Laurent Vincenti / Wikimedia Commons

5. Total SA
>Country: France
>Asset Value: $230.98 billion
>2017 Revenue: $127.93 billion
>2017 Profit: $6.2 billion
>Return on invested capital: 4%
>3-Year Growth rate: -17.5%

At the end of 2017, France’s Total reported proved reserves of 11.48 billion barrels of oil equivalent of which 5.45 billion (47%) are liquids and the remainder is natural gas. The company’s reserves grew by 1.71 billion barrels of oil equivalent in the three-year period that ended last December. In that same period the company produced more than 2.5 million barrels of oil equivalent daily, or about 1.35 million barrels of liquids and 6.66 billion cubic feet of natural gas. More than a third of Total’s proved reserves are located in Europe and Central Asia and nearly a quarter are located in the Middle East and North Africa. Refinery throughput in 2017 totaled 1.83 million barrels a day. The company’s stock trades in New York and Paris.

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4. Exxon Mobil Corp.
>Country: United States
>Asset Value: $330.31 billion
>2017 Revenue: $197.52 billion
>2017 Profit: $7.84 billion
>Return on invested capital: 4%
>3-Year Growth rate: -20.3%

At one time in the middle of the first decade of the 21st century, Exxon Mobil was the most valuable company in the world with a market cap of around $500 billion. At the end of 2017 the company reported proved reserves of 7.75 billion barrels of oil and 56.5 trillion cubic feet of natural gas. Including all other resources Exxon’s proved reserves total 19.97 billion barrels of oil equivalent. Among publicly traded companies, Exxon holds the world’s largest proved reserves. The company’s global refining capacity is 4.9 million barrels a day with 1.72 million in the United States and 1.66 million in Europe. Worldwide, the company owns nearly 21,000 retail gas stations under the Exxon, Esso, and Mobil brands. Almost half of these stations are located in the United States. The company’s market cap is currently around $340 billion and its shares trade on the New York Stock Exchange.

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3. PJSC Lukoil
>Country: Russia
>Asset Value: $87.98 billion
>2017 Revenue: $91.71 billion
>2017 Profit: $3.63 billion
>Return on invested capital: 5%
>3-Year Growth rate: -15.5%

Public Joint Stock Company (PJSC) Lukoil lists 16.02 billion barrels of proved hydrocarbon reserves of which 14.16 billion barrels are in Russia. Just over 12 billion barrels (75%) is crude oil. In 2017 the company produced 818 million barrels of oil equivalent hydrocarbons, of which 80% were liquids. The company’s refinery throughput totaled more than 492 million barrels last year. Lukoil holds 11% of Russia’s total proved reserves of oil, produces 15% of the country’s oil, and refines 15% of Russian gasoline. Lukoil had 5,258 gas stations at the end of last year, including 235 in 11 eastern U.S. states and the District of Columbia. Lukoil stock trades on the Moscow Stock Exchange.

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2. China Petroleum & Chemical Corp. (Sinopec)
>Country: China
>Asset Value: $220.53 billion
>2017 Revenue: $284.15 billion
>2017 Profit: $6.87 billion
>Return on invested capital: 5%
>3-Year Growth rate: -12.5%

Sinopec, as the company is known, is controlled by China Petrochemical Corp., one of China’s largest state-owned enterprises. The company operates primarily as an exploration and production company but also runs refining operations, chemical product manufacturing, and is the country’s largest gasoline retailer with more than 30,000 stations in the country. In 2017 Sinopec produced nearly 294 million barrels of oil and just over 912 billion cubic feet of natural gas. The company’s proved crude oil reserves totaled 1.6 billion barrels and proved natural gas reserves totaled nearly 7 trillion cubic feet. Sinopec stock trades in Hong Kong, London, and New York. The company’s market cap at the end of June 2018 was about $111 billion.

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1. PJSC Gazprom
>Country: Russia
>Asset Value: $296.84 billion
>2017 Revenue: $107.22 billion
>2017 Profit: $16.7 billion
>Return on invested capital: 7%
>3-Year Growth rate: 5.9%

Although primarily a producer of natural gas, Gazprom also produces and refines crude oil. The company’s assets include one-sixth of the world’s proved natural gas reserves and Gazprom produced about 12% of the world’s gas in 2017. Gazprom pumped just under 1 million barrels of oil last year and produced about 16.67 trillion cubic feet of natural gas. The company also owns and operates 172,100 kilometers of pipelines in Russia. Shares trade on the Moscow Stock Exchange and the company’s market cap at the end of 2017 was $53.6 billion, a drop of 11% year over year.