Maybe the greatest oil Titan in history, John Paul Getty, once stated his formula for success was to get up early, work hard and then strike oil. There’s no getting around it, that truth in the oil and gas industry still resonates today. The top oil companies of 2019 are true titans of the industry.
Almost everything in our world today in some way, shape, or form is related to energy or energy products. That is why so the creation and growth of oil and gas companies continue to develop. Some upstream oil companies are taking a conservative approach to help their bottom line.
Other oil companies are looking toward the future when and know there will be a new run-up in prices. These oil companies are capturing new oil resources throughout the year. In the US, the oil companies and their investors look to the states of prolific production.
These are the oil states of Texas, North Dakota, New Mexico, and Alaska. The guide below is to help impart knowledge on who are the top 10 oil companies of 2019? More importantly, what do you need to pay attention to as an investor or producer?
Major Oil Companies
Gas and oil production in the U.S. is 10% higher than its previous high record that occurred in 2015. Between 2012 and 2017 oil and gas output per hour doubled their extractions which rose to 108%. If that statistic wasn’t enough, productivity rose to more the 60% in what is called the broader mining sector.
The broader mining sections are the companies and contractors that provide support services to major company players. The company support service players are those in oil, gas, and other mining extractions. So of all these various types of petroleum companies who are the major oil companies today?
Most people understand some of the supermajor oil companies also include state-owned entities. This leads to interesting discussions and varying opinions about a couple of the companies listed below. Overall, the companies listed below are considered the major oil companies in the world today.
SuperMajor and State-Owned Major Oil Companies
There are more than 200 oil and gas companies in the world today. Some of the 2019 major oil companies (supermajor and state entities) are listed below and ranked by their annual revenue:
- Sinopec – $377 billion in 2018
- Saudi Aramco – $355.9 billion in 2018
- China National Petroleum – $324 billion in 2018
- Royal Dutch Shell – $322 billion in 2018
- British Petroleum (BP) – $303.7 billion in 2018
- ExxonMobil – $241 billion in 2018
- Total – $156 billion in 2018
- Valero – $117 billion in 2018
- Gazprom – $112 billion in 2018
- Phillips 66 – $111 billion in 2018
In 2018, the United States consumed over 20.5 million barrels of petroleum per day. That level of consumption is 22% of the world’s total petroleum consumption.
Top Oil Companies
We now know how much petroleum the US consumes per day as well as who the major public and private oil companies are in the world. It’s a well-known fact investing in large-cap energy titans allows your financial portfolio to be on a win-win path towards value and diversity. Top energy companies almost always pay top dividends.
To be more specific, there are different subcategory types of oil and gas company titans. The oil and gas sector has three specific subcategories. These subcategories are based on what stage the oil and gas production process are in.
These are companies divided into:
- Upstream – exploration and production companies
- Midstream – transportation and storage of oil and gas companies
- Downstream – refined and market petroleum products
So, who are the titans of the oil companies in 2019? Who is the John Paul Getty of Getty’s Oil in the marketplace today?
The Top Upstream Oil Company Titans of Industry in 2019
The top 10 titans of industry in upstream oil and gas in 2019 are:
- ExxonMobil
- Royal Dutch Shell
- Chevron
- Total
- British Petroleum (BP)
- ConocoPhillips
- Schlumberger
- EOG Resources
- Suncor Energy
- Occidental Petroleum
When investing in E&P oil and gas companies, you need to find the ones that can function and sustain when the production rate goes to below $50 a barrel. Some of the best oil and gas companies in the world to invest in are low-cost upstream companies. That’s because low-cost upstream companies make money most of the time no matter how low the oil prices get.
This helps them gain significant profits when oil prices rebound.
The Top Midstream Oil Company Titans of Industry in 2019
Midstream oil companies are unique because they can make money at each stage of the oil and gas process. Midstream oil companies make money through fees, tariffs, and commodity-based margins.
The United States has about 70 midstream oil and gas companies. The top 10 are:
- Enbridge
- Energy Transfer
- Enterprise Product Partners
- TransCanada
- Kinder Morgan
- Williams Companies
- Cheniere Energy
- MPLX
- ONEOK
- Plains All American Pipeline
Most income investors love oil and gas midstream companies because of their generous dividends. These company titans generate their cash flow on fee-based contracts or tariffs. Their attraction to investors is there is limited risk no matter how volatile the market.
The Top Downstream Oil Company Titans of Industry in 2019
Downstream companies profit on the difference between what it cost to produce a barrel of oil and how much that barrel sells for. It’s often called making money on the spread. It’s the spread that helps our downstream oil titans make more money when barrel prices are lower.
The top 10 are:
- Marathon Petroleum
- Phillips 66
- Valero
- HollyFrontier
- CVR Energy
- PBF Energy
- Delek US Holdings
- AmeriGas Partners
- Sunoco
- Murphy USA
Downstream titan oil companies usually have a lot of cash flow because there isn’t a refinery in the world that takes in as much money as an oil field needs to keep operating. The result with these Titan oil companies is they have lucrative dividends to give their shareholders and use for stock buybacks.
The Largest Crude Producers in the World
There are also titan crude producing oil and gas countries in the world. In 2019, the US surpassed Russia and Saudi Arabia. That being said, the US shares its top Titan oil reserves with other countries.
The world consists of some very large oil reserves and the US reserves while impressive shares some of the stage with other countries. Other Titan oil and gas reserves include the countries of:
- Venezuela
- Saudi Arabia
- Canada
- Iran
- Iraq
- Kuwait
- United Arab Emirates
- Russia
- Libya
The US Geological Survey did a study in Saudi Arabia’s deserts and found the desert has over 100,000 million barrels undiscovered.
The Oil and Gas Titans of the Future
There is no way to read into a crystal ball to determine what companies, countries, or investors, maybe the oil and gas titans of the future. But, there are educated observations. Oil sales are projected to rise to one million barrels each year through 2030.
It’s important you know how to make a great investor choice or how to build your own company in the industry. There are tried and true financial methods in helping you with obtaining financing. There are also one-of-a-kind companies in the marketplace that help solve cash flow needs with financing options.
When you can get the capital you need as an independent producer with current production, you have the financial cushion you need to grow and develop. When the capital you receive comes without a personal guarantee, board representation or equity, you have no limitations holding you back.
Oil and Gas Titan Changes
Every week brings oil and gas stability or volatility. Some investors love the larger risk with long-term horizon lucrative profits. Some investors start reconsidering their holdings.
The combined different ways of thinking and acting as an investor bring out winners and losers. In September 2019 the drilling companies who were winners were Patterson-UTI, Nabors Industries, and Helmerich & Payne. The upstream exploration and production companies were Devon Energy, Marathon Oil Corporation and ConocoPhillips.
Oil-field service companies who were the top titans were Halliburton, Schlumberger, and National Oilwell Varco. The marketplace welcomes newcomers who can prove themselves. There is also no limit to how far you can rise in the oil and gas industry to become the next titan.
The Next Oil and Gas Titan Is?
You’re in an industry that has a built-in market. Your product and service are needed and wanted. But it takes investments to get where you need to go so you can start making a profit. The best petroleum investment companies come through knowledgeable professionals with years of experience in the petroleum or finance industries.
When you need a million dollars or more for your oil and gas business or want to become one of the top oil companies of 2020, reach out to us. We have the answers to the questions you want to ask. More importantly, we have the funding and experience you need from the investment company that wants to see you as the next petroleum company titan.
