Top oil producing companies
Big oil producers
Where do the Big Oil Companies like Exxon, Chevron, and Conoco Phillips stand when it comes to the world’s largest oil producing companies? They're the top tier gas companies, but they’re farther down the list than many might guess. Who are the top ones?
This list, ranked by million oil equivalent barrels, comes from a the Web site www.Petrostrategies.org, an excellent Web site to learn about the oil industry.
The Saudian Arabian Oil Company, National Iranian Oil Company, and Qatar General Petroleum Corporation make up the top three.
Rounding out the Top 10 Oil Producing Companies:
Iraq National Oil Company
Petroleos de Venezuela
Abu Dhabi National Oil Company
Kuwait Petroleum Company
Nigerian National Petroleum Corporation
National Oil Corporation
Sonatrach
Exxon-Mobil is number 17
BP-PLC is number 19
Chevron is number 21
Royal Dutch Shell is 22
Conoco Phillips is 23
Petrostrategies, Inc. performs “strategic and economic research and analysis on the leading issues facing the energy industry” and offers valuable information on its Web site regarding the petroleum industry.
Iran and Saudi Arabia
In February 2010, the Iranians started exploratory drilling in the Caspian Sea. In 2009, the country launched its first offshore oil platform in the Caspian. Recently, CNN ran an article February 11, 2010, on how low oil prices could hurt Iran and be used as a bargaining tool.
“A desire to bring Iran to the bargaining table over its nuclear program could keep oil prices low worldwide for the next several months.
"Some analysts say Saudi Arabia, which has taken millions of barrels a day off world oil markets in response to falling demand, may open the taps if oil prices get too high.
The Saudi's don't want high oil prices to hurt any global economic rebound. But they also don't want Iran, a rival in the region that has a nuclear program many say is designed to make weapons, to benefit from high oil prices."They are seeking to maintain financial pressure on Iran as the U.S. seeks to build support for additional sanctions over the nuclear issue," Greg Priddy, a global energy analyst at the Eurasia group, a political risk consultancy, said in a recent research note.”
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Top oil producing countries
Here is a list of the world's top oil producing countries in terms of total oil produced in barrels per day, according to the CIA World Factbook: Country Comparison: Oil Production:
Saudi Arabia
Russia
United States
Iran
China
Canada
Mexico
United Arab Emirates
Kuwait
Venezuela
The information is from 2008.
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Comments
Thanks, Amber, for commenting. I believe it has to be two pronged: reduce dependency on foreign oil while developing alternative energies. We'll always have to use oil. I appreciate the comment.
Hi Don
I agree the importance of developing alternative energies but to reduce our dependency we will also need to invest in technology which reduces the amount of energy we use to heat our homes and drive our cars for example but we also need to educate ourselves so that our lifestyles need less energy. So in summary I think we need a many pronged approach!
Amber.
Interesting numbers. It puts some different perspective on oil when you have facts.
Kee on hubbing!
Thanks, eovery. You're right. It does give perspective on oil as a global commodity and that the companies which are often referred to derisively as Big Oil really have global competition.
Amber Allen 2 years ago
A very interesting hubshowing just how badly we need to reduce our dependency on oil!