A Chinese state-controlled company is showing great promise. PetroChina founded in 1999. According to the latest data, its annual income is $ 325 billion. Globally, PetroChina operates in Africa, Australia, where it signed a contract for $50 million for the supply of natural gas, as well as in Canada, where it spent more than $5 billion on a minority stake in the development of shale gas fields. With significant shale gas deposits in China, PetroChina will become one of the largest players in the energy industry in the coming years.
This company takes its origins in John D. Rockefeller’s Standard Oil Company. When in 1911 Rockefeller was forced to break up his company because of the antitrust law, formed two companies – Socony and Jersey Standard. A few years later, these companies turned into Exxon and Mobil respectively. In 1999 they united to create the largest oil company in those days ExxonMobil. In 2013, its revenue amounted to $420 billion In terms of the environment, the company has not the best reputation. The infamous oil spill in the accident of the tanker Exxon Valdez which occurred in 1989. In addition, the company is often criticized by organizations for the protection of human rights and the environment. However, Exxonmobilrewardsplus. com continues to expand the horizons of its activities. The annual net income of the company is small – only $30 billion. However, it is necessary to take into account the annual investment in expanding its share in the world oil market.
3. NATIONAL IRANIAN OIL COMPANY
The third place in the top list is the national Iranian oil company. It begins its history in the early twentieth century when the British opened and began successful oil exploitation in Iran, creating the Anglo-Persian oil company. After the coup in 1953, Western oil companies turned to Iran. However? after the Islamic revolution of 1979, foreigners were forced to leave Iran, and oil production was handed over to domestic workers. NIOC, having survived all these events, continues to be successful, mainly due to the Association with the ores, and also because they exchange their products for gold to circumvent Western sanctions.
OOO Gazprom established in 1989. Most of the company is state-owned by the Russian Federation and only a small part is privately owned. In the 1990s, the company began to grow rapidly, largely due to the appointment of Gazprom Chairman as Prime Minister of Russia. The company’s annual revenue is $150 billion, annual profit – $40 billion Gazprom is the general supplier of gas to Europe and, with the support of the Kremlin, has significant political and financial leverage in this part of the world.
1. SAUDI ARAMCO
Deserved first place in the list takes Saudi Aramco, whose income is more than $1 billion a day. Daily productivity is much higher than that of other companies. The company began with Standard Oil of California, which found oil in Saudi Arabia in the 1930s. In 1944, the Arab company was formed. American support for Israel in the 1970s led to an increase in the share of the Saudi government in the domestic oil industry. By 1980, Saudi Arabia had renamed it Saudi Aramco. The company is so large that it has its own air service with aircraft, helicopters and two airports authorized by ABC.