What is the largest oil producing company in the US?

ExxonMobil ranks first among United States’ top ten oil and gas producing companies based on market capitalization. As of April 21, 2021, the Texas-based oil supermajor had a market cap of 234 billion U.S. dollars.

Who owns most of the oil in the US?

As the largest oil producer in the U.S., it is not surprising that Texas is home to the most productive U.S. oil basin, the Permian. The Permian has routinely accounted for at least 50 percent of total onshore production.

What state produces the most oil?

Texas is by far the largest oil-producing state in the United States. In 2020, Texas produced a total of 1.78 billion barrels. In a distant second place is North Dakota, which produced 431.2 million barrels in the same year.

What are the top oil producing companies?

These companies produce petroleum products by extracting crude oil and refining it. These firms market their products to numerous industrial and retail consumers. Some of the major companies producing oil products are ExxonMobil Corp (XOM), British Petroleum PLC (BP) and ChevronTexaco.

What are the top ten oil companies?

424bn. Sinopec’s revenues increased by 2.6% in 2019 over 2018.

  • 396bn. CNPC reported a 14.4% decline in Q1 2020 revenues.
  • 360bn.
  • 345bn.
  • 330bn.
  • 278bn.
  • 265bn.
  • 200bn.
  • What are the largest oil companies in the US?

    Exxon Mobil is the world’s largest publicly traded international oil and gas company and one of the largest oil companies in the US, based in Irving, Texas, United States.

    What are the top ten oil producing countries?

    Here are the world top ten oil producers according to the US Energy Information Administration (EIA) in 2017: USA – 15.6 Million barrels of oil per day Saudi Arabia – 12.1 Million BOPD Russia – 11.2 Million BOPD Canada – 5.0 Million BOPD China – 4.8 Million BOPD Iran – 4.7 Million BOPD Iraq – 4.5 Million BOPD UAE – 3.7 Million BOPD