american oil companies

The following is a list of notable companies in the petroleum industry that are engaged in petroleum exploration and production. We have over 300 formulations utilizing synthetic, semi-synthetic, mineral and biodegradable lubricants and greases. The downstream industry includes oil refineries, petrochemical plants, petroleum products distributors, retail outlets and natural gas distribution companies. Occidental Petroleum Corporation is based in Houston, Texas. https://bizfluent.com/info-8380547-10-largest-natural-gas-companies.html With major operations in some of the world’s most important oil and gas regions, Chevron focuses on the Gulf of Mexico, offshore Western Australia, West Africa, and shale and other tight formations in the U.S. and Canada, among other regions. It has operations in the United States, Middle East and Latin America across all three sectors of the petroleum industry. Among them are, Abraxas Petroleum Corporation, founded in 1977 and based in San Antonio, Texas. Schaeffer Oil; Shell Oil Company; Sinclair Oil Corporation; SM Energy; Smith International; Speedway LLC; Spire Inc; Stone Energy Corporation; STP (motor oil company) Sunoco; Superior Energy Services; Swanson Industries; Syntroleum The other companies, often referred to as major oil companies, may have hundreds or thousands of employees and operate in many countries. Please see our Privacy & Cookie Usage Policy to learn more. In the United States, companies produce crude oil on private and public land and offshore waters. British American Oil Company Limited - 1906-1969 British American Gas Utilities Limited. WR Oil Company Inc 27153 W 7 Mile Rd Redford MI 48240. Leading global energy organizations trust evaluate energy to deliver timely, accurate benchmarking of financial and operating data. List of U.S. oil and gas companies covered by Evaluate Energy (lists correct as of Mar 31, 2018) Integrated companies (upstream and downstream business units) Chevron Corp. ExxonMobil Corp. Upstream companies. Descended from Pacific Coast Oil Company, which was formed after the discovery of oil in California in 1879, the company has undergone several mergers, most recently with Gulf Oil to become Chevron. PetroChina Co. Ltd. (PTR) Revenue (TTM): $320.0 billion. Its global refining system includes working refineries in California, Virginia and Mississippi in the United States, and one each in Ireland, South Korea, Singapore and Thailand. 34115 Industrial Road, Livonia, MI 48150 ExxonMobile and Chevron ranked as the top oil and gas companies in the U.S., with market caps over 100 billion U.S. dollars larger than their competitors. Payment. American Specialty Oil Company is trucking company providing freight transportation services and hauling cargo. Chevron operates across all sectors of the petroleum industry engaging in natural gas exploration and refining, oil-based chemical manufacturing, and geothermal energy production. The American Oil & Gas Historical Society (AOGHS) preserves U.S. petroleum history, which provides an important context for understanding the modern energy business. British American Oil Company Limited (BA) was incorporated in 1906. Other oil companies specialize in specific aspects of one or more sectors or provide support services. Around 1944, they incorporated a subsidiary called British American Gas Utilities Limited. Ranking No. The use of traditional mechanics based engineering skills and large scale system integration abilities to design and construct marine vessels and structures for a varying ocean environment. Net Income (TTM): -$1.8 billion. It is the parent company of CITGO Petroleum, which owns Lake Charles. What began with just one horse and a 270-gallon tank wagon later developed into one of America's largest and most innovative oil companies. The company is not sure if it will cease taking Iranian oil in November, when sanctions are fully in place. Burrow Global also has pipeline facilities that include compressors, pump stations and metering stations. In addition, it transports and markets its products, which include crude oil, asphalt, natural gas, plastics, solvents, automobile and aviation fuels, NGLs and liquefied petroleum gas worldwide. Concentrating its exploration primarily in South Texas, one of the most prolific natural gas producing areas in the United States, it has discovered numerous oil and gas fields and field extensions along the Texas Gulf Coast. It is among the top three producers of these products in the United States, the top producer and marketer of caustic soda, and the world’s largest producer of caustic potash and calcium chloride. It provides services in the midstream sector of the oil industry. Copyright 2021 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Exxon Mobil operates in all three sectors of the petroleum industry producing gasoline, kerosene, lubricants, asphalt and adhesives that are sold under the brand names of Exxon, Mobil and Esso. 11 bankruptcy filings of oilfield services companies, also tracked by Haynes and Boone since 2015, more than 500 bankruptcies have been filed in the North American oil and gas industry. Based on its proven reserves and production of natural gas and natural gas liquids (NGLs), which are ethane, propane and butane, ConocoPhillips is the world’s largest independent exploration and production (E&P) company. Order Online Tickets Tickets See Availability Directions {{::location.tagLine.value.text}} Sponsored Topics. Exploratory wells are drilled and – when resources are discovered – more wells are drilled to recover and extract the crude oil or raw natural gas and bring it to the surface. Many of the top American oil companies are involved in all three sectors of the industry. Valero Industries. The list is in alphabetical order by continent and then by country. This list does not include companies only involved in refining and marketing. American Express; Discover; MasterCard; Visa; Legal. By continuing to browse you agree to our use of cookies. Saudi Arabia and American shale oil companies remain in a battle for global dominance that has sparked a rare bout of financial trouble for the kingdom and forced it to think about life after oil. As of the end of 2016, the company had operations in Alaska and the lower 48 states in the United States, Canada, Europe, North Africa, Asia Pacific and the Middle East. Integrated companies (upstream and downstream business units). Celebrating Over 50 Years in the Specialty Oil Manufacturing and Packaging Business American Specialty Oil Co. has developed an unsurpassed commitment to making the highest quality products. Click here to access our library of free, downloadable oil and gas reports. ing. Independent producers develop 91 percent of the wells in the United States – producing 83 percent of America’s oil and 90 percent of America’s natural gas. Exploring for oil and gas starts with aerial surveys and ground surface observation by geologists and geophysicists. The petroleum industry is divided into three main sectors where operations are concentrated by oil companies: upstream, midstream and downstream industries. Chevron Corporation is a multinational American oil company based in San Ramon, California. Other American oil companies among the top 10 are EOG Resources, Phillips 66, Pioneer Natural Resources, Marathon Petroleum and Anadarko Petroleum. In 1969 Gulf Oil Corp. of the United States bought BA, which became Gulf Oil Canada Limited. Market … Three of the top 10 oil companies in the world are in the United States: Exxon, Chevron and ConocoPhillips. Occidental owns OxyChem, a leading North American chemical manufacturer. Its storage and transportation facilities include loading and unloading terminals and storage in atmospheric tanks. Statista: Top 10 U.S. Oil and Gas Companies Based on Market Value, American Petroleum Institute: Exploration and Production, Investopedia: World's Top 10 Oil Companies, American Petroleum Institute: U.S. Natural Gas and Oil Resources, Petroleum Services Association of Canada: Petroleum Industry Overview, The Washington Post: The United States of Oil and Gas, Occidental Petroleum Company: About Occidental, Burrow Global: Turnkey Midstream EPC Solutions. Based in Irving, Texas, it is the largest non-state-run American oil company and the second largest energy company in the world after PetroChina. In 2014, it was designated the 2nd most profitable company on the Fortune 500 list. Burrow Global is a mid-sized company with nine locations throughout Texas, Louisiana and Oklahoma. 130,082,000 barrels. In hindsight, 2020 stands out over this dismal period for the industry setting … Menu & Reservations Make Reservations . American Shoreline, headquartered in Corpus Christi, Texas, also specializes in exploring for and developing oil and natural gas reserves. This sector provides the vital link between wide-ranging petroleum-producing areas and the end consumer center. Request a demo of Evaluate Energy at this link. Examples of major U.S. oil companies are Chevron and … There are about 9,000 independent oil and natural gas producers in the United States. It ranks second of the top three American oil companies with a 2017 market value of $197.03 billion. We welcome you to experience the great taste and great quality that has been a half a century in the making. https://blog.technavio.com/blog/top-10-largest-oil-and-gas-companies-in-the-usa In 2017, oil companies in the United States produced an average of 9.3 million barrels of oil per day (BPD). https://kenyaprime.com/list-of-top-10-oil-and-gas-companies-in-usa-2020 The playing field for global oil & gas companies is changing fast as a result of higher volatility and more uncertain demand growth forecasts, so our experts have put together a top 50 Oil … Standard Oil Company (later Exxon) and Socony-Vacuum Oil Company (now known as Mobil) became part owners in 1948 to help open markets for the immense hydrocarbon reserves now being developed in Saudi Arabia. Subsidies to oil companies are one of the reasons that—despite being cheaper, cleaner, and American-made—alternative fuels haven’t more widely replaced oil in the transportation sector. Conoco Inc. and Phillips Petroleum Company merged in 2002 to form ConocoPhillips Co., an American multinational energy corporation with headquarters in Houston, Texas. For example, the 17 million barrels of crude oil unearthed in one day in the U.S. require teams of scientists, engineers and safety professionals employed by refineries to unleash its potential, transforming crude into natural gas, ethane, propane and butane, liquefied petroleum gas, gasoline, kerosene, jet fuel, lubricants, waxes, agricultural chemicals, pesticides, asphalt, heating oil, synthetic rubber, plastics, pharmaceuticals and hundreds of other petrochemicals. PDV Holding is the American branch of the Venezuelan state-owned oil company PDVSA. These companies operate in 33 states and the offshore and employ an average of just 12 people. From its early days as part of John D. Rockefeller's Standard Oil empire, Exxon Mobil has become the largest American oil company with a 2017 market value of $341.61 billion. Next, seismic surveys are performed or survey data is acquired from other companies to develop a clearer picture of the underground rock formations. If you have any questions or if you’re interested in what American Specialty Oils can do for your business, don’t hesitate to contact us. Click here to access our library of free, downloadable oil and gas reports. Join the Evaluate Energy & CanOils Markets and Investments eNews mailing list for updates and alerts on products, news, analysis and exclusive reports produced by our team of oil & gas professionals. Most of these companies are independent producers, and they usually operate only in the United States. Statista Logo statista.com For now it is taking advantage of good deals Iran is providing on its oil. They scout out certain kinds of rock formations that may contain petroleum. ExxonMobil is the leading oil and gas company of the US with a market value of 356.5 billion. Its multinational operations span the globe including the United States, Canada, Belgium and Norway. From its beginning in 1875 in Utah as the Continental Oil and Transportation Company, which distributed oil, coal and gas throughout the western United States, the company has grown to rank third in the top three American oil companies with a market value of $53.28 billion. It later diversified into oil refining. American Specialty Oil Company is a licensed and bonded freight shipping and trucking company running freight hauling business from Livonia, Michigan. OxyChem, a wholly owned subsidiary of Occidental Petroleum Company, manufactures polyvinyl chloride (PVC) resins and chlorine and caustic soda, which are essential ingredients in products such as plastics, water-treatment chemicals and pharmaceuticals. Reviews (313) 255-6210 Website. 1912 The Early Days. Additionally, it is the 7th largest company in the world by revenue. Several American oil companies concentrate their operations in exploration and production. About American Oil & Gas Inc American Oil & Gas Inc. was formed to engage in the acquisition, exploration and development of oil and gas properties. Ripe for investment, the U.S. oil and natural gas industry is booming, supporting some 9.8 million U.S. jobs. It was incorporated in 1980 as Valero Energy Corporation, the successor of LoVaca Gathering Company, a subsidiary of the Coastal States Gas Corporation. Marathon/Speedway………….. 117,740,000 barrels. Exxon /Mobil……………………. American Oil. It was named for … Valero Industries is among the top 10 American oil companies. Its focus is on the development of conventional and unconventional resources in the Rocky Mountains, South Texas, Powder River Basin and Permian Basin in the United States. Extraction Oil & Gas, Inc. is an energy company, which engages in the exploration, development, and production of oil, natural gas, and natural gas liquids. 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