Biggest US Oil Companies
ExxonMobil is an American based mostly company that is immediately descended from John D. Rockefeller’s Standard Oil. Exxon and Mobil merged in 1999 to create ExxonMobil which is centered in Irving, Texas. Ranked at either No. 1 or No. 2 for the past 5 years, it’s one in all the biggest publicly traded firms by market capitalization. When evaluated for market income, it is 2nd in the world making it a true large within the energy business total. With 37 oil refineries and over 83,000 staff, ExxonMobil is the largest refiner at present in operation. It sells its products under the manufacturers of Exxon, Mobil, and Esso which have lengthy been known for quality and customer service. Of the six oil supermajors, ExxonMobil is indisputably the largest and produces over 3.9 barrels of oil equivalent every single day.
Anandarko Petroleum is an independent oil and natural gas exploration and production company that is among the world’s largest. It started its life cycle in 1959 as a subsidiary of Panhandle Eastern Corporation in response to the massive amounts of natural gas that were being found within the Anandarko Basin. Anandarko Petroleum ultimately split from its mum or dad company in 1986 and currently operates in over a dozen completely different nations though its U.S. onshore operations account for 60% of its reserves. Its reserves of oil equal are roughly 2.3 billion barrels with 206 billion barrels of oil equal being produced every year as of 2008. With its headquarters situated in the Woodlands, Texas, Anandarko employs over 4,seven hundred individuals in both its home and international operations. As regards to the 2010 Deepwater Horizon oil spill, BP billed Anandarko $272 million for its share of the cleanup as they had been partners within the operation. Nevertheless, this invoice could be thought of voided if the spill was caused by gross negligence or willful misconduct on the behalf of BP.
Apache is an impartial oil and gas company that is currently headquartered in Houston, Texas and operates both domestically and internationally. It was originally created in 1954 by three men in Minnesota and drilled its first wells in Oklahoma’s Cushing field. Its headquarters was moved from Minneapolis to Denver in 1987 and at last from Denver to Houston in 1992. Though it relies within the United States, there are regional workplaces and operations in Canada, Australia, Argentina, the North Sea, and Egypt. With over 4,400 staff and $12 billion in revenues for 2010, Apache is traded by the brand new York Inventory Exchange as a public firm and is a key player on the S&P 500. This makes it a direct competitor with companies like Anadarko however not larger firms like Chevron.
Chevron is an American company that is involved in each aspect of the oil, gas, and geothermal energy industries. It operates in more than 180 countries and has its headquarters in San Ramon, California. As one of many world’s six supermajor oil companies, it has been ranked amongst Fortune 500’s 5 largest corporations for the previous five years. Chevron is at present ranked 4th after Apple, ExxonMobile, and Walmart. In 2011, Forbes Global 2000 ranked it as the 16th largest public firm on the earth. It employes over 62,000 folks and sells its merchandise under quite a lot of model names. It sells its fuels underneath the brands Chevron, Normal Oil, Texaco, and Caltex. Chevron additionally handles the upstream business of Unocal, whose pumps are owned by ConocoPhillips. In addition to its fuels, it also operates Star Mart, Extra Mile, Redwood Market, and City Pantry comfort stores. Chevron additionally markets Techron as an necessary additive in their gas.
ConocoPhillips is one other multinational oil company that relies in the United States. In 2002, Conoco Inc. and Phillips Petroleum Company merged to form ConocoPhillips. It’s a Fortune 500 firm that’s traded as a part of the S&P 500 and is ranked 22nd on Forbes International 2000. With its headquarters primarily based in Houston, Texas, crude oil chart for 1 year ConocoPhillips is the fifth largest personal energy firm on this planet. In North America, it sells oil underneath the manufacturers of Conoco, Phillips 66, and Union 76, while selling beneath the name of Jet in Europe. It operates in nearly 40 completely different international locations all around the globe, using 29,000 folks in whole. With 19 refineries presently below its possession, ConocoPhillips is the world’s fourth largest non-authorities managed refiner general.
Devon Power, based in 1971, is one in every of the biggest independent United States based producers of oil and natural gas with its headquarters in Oklahoma Metropolis, Oklahoma. The corporate mainly focuses on their North American onshore exploration and manufacturing operations. petrochemical Products Devon owns and operates both natural gas pipelines and remedy amenities in most of its areas of manufacturing. This makes it one in all North America’s largest processors of natural gas and also certainly one of Fortune 500’s largest companies in America. It is also included as part of the S&P 500 Index. With greater than 5,000 employees worldwide, Devon can also be ranked as one of Fortune’s a hundred Greatest Firms to Work For and Most Admired Corporations. It gains these titles partially by the use of its intensive neighborhood outreach programs through which it contributes assets to the whole lot from legislation enforcement agencies and fireplace departments to youth packages and colleges.
Greka Energy can also be presently known as HVI Cat Canyon. It’s a United States based mostly private oil and natural gas company that operates primarily in California’s Santa Barbara county. It was created in 1999 after the acquisition of a number of mergers bought by its guardian company, Greka Built-in. Its oldest component, Saba Enterprises, was established in 1981. With approximately 200 workers, its petroleum extraction and asphalt processing operations made Greka the largest onshore oil operator in Santa Barbara County. In China, Greka owns and operates Inexperienced Dragon Gas which is a publicly traded company on the London Stock Trade. Although owned by the same people, these two companies are utterly separate legal entities. Till 2003, the company was traded on the NASDAQ but then its owner, Randeep Grewal, purchased out all of the prevailing shares at a sixty nine% premium and made it into a personal vitality firm.
Hess is a new York City based mostly integrated oil company that started its life in 1919 as Ameranda Corporation. British oil entrepreneur Lord Cowdray formed it to begin exploring for oil in North America. Following a number of major acquisitions, it ultimately changed its name to Hess Corp. in 2006. By handling the exploration, production, transportation, and refining stages of oil and natural gas, Hess avoids extra cost by finishing the logistical chain obligatory for production. It also sells gas by its Hess branded filling stations in sixteen totally different states along the United States’ East Coast. By means of one of its subsidiaries’ partnerships with a Venezuelan company, Hess also owns part of one in all the largest crude oil refineries on this planet within the United States Virgin Islands. With round eleven,600 staff, Hess would possibly seem tiny when compared to some of its competitors regardless of its rank of 55 within the 2009 Fortune 500.
Koch Industries is an American based conglomerate that is predicated in Wichita, Kansas. Koch companies are concerned within the manufacturing, refining, and distribution of petroleum, chemicals, and minerals amongst many different things. They are even concerned in finance, commodities trading, and actual estate. In the United States, Koch Industries employs 50,000 individuals and one other 20,000 in 59 different nations. In 2011, Forbes ranked Koch Industries because the second largest privately held company in the United States. When compared to publicly held firms in 2007, Koch Industries would have ranked 16th within the Fortune 500. Koch Industries is jointly owned by Charles and David Koch, the sons of one in all the company’s founders Fred Koch. Subsidiaries of Koch Industries include Georgia-Pacific, a paper and pulp company, Invista, a polymer and fibers company, Koch Pipeline Firm LP, an oil and gas pipeline company, Flint Hill Resources LP, a refining and chemicals firm, Koch Fertilizer, LLC, a maker of nitrogen fertilizers, and Koch Agricultural Company’s Matador Cattle Firm, a cattle ranching firm.
Marathon Oil is an international oil and natural gas exploration and manufacturing firm that is based out of Houston, Texas. Despite many exploration and manufacturing centers in other nations, it has just lately targeted its interests in the United States on shale performs which are liquid-rich, such as the Bakken and Eagle Ford formations. Back in 1887, Marathon Oil was started because the Ohio Oil Company earlier than it was purchased up by John D. Rockefeller’s Standard Oil two years later. It remained a part of Rockefeller’s oil trust until 1911 when the trust was broken. Later, in 1930 it acquired the Marathon brand name and finally renamed the corporate to Marathon Oil in 1962. With over 29,500 employees and more than $77 billion in revenue in 2008, it’s hardly the biggest oil and natural gas company in the trade but is actually larger than a lot of its direct competitors.
Murphy Oil has been around as a world oil and natural gas company since it was created in 1944. From its El Dorado, Arkansas headquarters and via its many subsidiaries, it operates in the United States, Canada, Malaysia, the United Kingdom, and Republic of the Congo. Murphy Oil employs over 8,600 people, has two oil refineries and two ethanol manufacturing amenities within the United States, and an additional oil refinery in the United Kingdom. Along with its refineries, it additionally operates a rising filling station chain at Walmart Tremendous-centers and at sure other stations within the United States. Murphy Oil had over $23 billion in revenue in 2010, making it smaller than many of the larger companies within the industry however still larger than many of its direct competitors. To present back to the group, the El Dorado Promise was introduced in 2007. It put aside $50 million so that every student graduating from El Dorado’s college system might afford to go to varsity.
Occidental Petroleum is an oil and natural gas exploration and production company that operates out of their Westwood, California headquarters. It’s primary operations are in the United States, the Middle East, North Africa, and South America. With over 30,000 staff worldwide and a 2010 revenue of over $19 billion, Occidental is the largest producer of oil in Texas, the largest natural gas producer in California, and third largest producer of oil in California. Almost about its market capitalization, it is the United States’ fourth largest oil and natural gas company with operations in eight totally different states. To keep up its status as one of the quickest growing companies in the business, Occidental locations an emphasis on enhanced oil recovery, exploration, and acquisitions. In 2009, it made what’s believed to be the most important oil and natural gas discovery in California in the final 35 years.
Plains Exploration and Manufacturing
Plains Exploration and Production, created in 2002, is a spin-off from Plains Resources. It is an American petroleum company that is based out of their Houston, Texas headquarters. It operates in California, Wyoming, Louisiana, Texas, the Gulf of Mexico, and offshore of California. After its release from Plains Sources in 2002, it acquired 3TEC in 2003 for $313 million and Nuevo Power in 2004 for $945 million. This provided Plains Exploration and Manufacturing with varied oil producing property within the southwest to praise the exploratory property it retained after its spin off. At the tip of 2008, its reported reserves had been 292 million barrels of oil equal with a potential whole of up to 2.2 billion barrels. As of 2007, Plains Exploration and Manufacturing was the fourth largest producer of oil in California, ranked behind Chevron, Space Vitality, and Occidental Petroleum.
SandRidge Energy is an oil and natural gas exploration firm that has its headquarters in Oklahoma City, Oklahoma. It was originally founded in 1984 as Riata Power however ultimately changed its title in 2006. The corporate focuses primarily on the Mid-Continent and Permian Basin however still maintains its manufacturing in West Texas, the Gulf Coast, and the Gulf of Mexico. Its drilling rigs are both owned and operated underneath the title Lariat Companies. In late 2007, SandRidge’s preliminary public providing was of over 28 million shares of common stock at $26 per share. In 2011, a royalty belief known as the SandRidge Permian Belief was created to carry oil and natural gas wells that haven’t but been crude oil chart for 1 year developed in Andrews County, Texas. With over 2,200 workers and a 2010 revenue of over $1.Four billion, it’s hardly a small company but often gets overlooked due to the immense measurement of a few of its rivals.
XTO Power is a private American vitality company and a member of the Fortune 500 that deals primarily with oil and natural gas exploration and production. It was began in 1985 as Cross Timbers Oil Company and ultimately changed its name in 2001. In 2009, it turned the one largest natural gas producer following its 2008 acquisition of Hunt Petroleum for $four.2 billion. Later that same yr, ExxonMobil acquired XTO as one in all its subsidiaries for $31 billion in stock. As ExxonMobil’s subsidiary, the corporate was named XTO Vitality Included. It’s official task as part of its new parent firm is to “give attention to world improvement and manufacturing of unconventional assets.” As of 2008, earlier than its acquisition by ExxonMobil, XTO made over $7.6 billion in revenues and was using over 2,300 folks. Its revenues earned and number of employees have almost certainly increased because it was taken over by such a large and worthwhile company.