• 4 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 7 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 12 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 5 hours Visualizing How Much Oil Is In An Electric Vehicle (Hint: a heckuva lot)
  • 4 hours Theresa May to Step Down
  • 5 hours Look at the LONGER TERM bigger picture of international oil & gas. Ignore temporary hiccups.
  • 16 hours Total nonsense in climate debate
  • 16 hours IRAN makes threats, rattles sabre . . . . U.S. makes threats, rattles sabre . . . . IRAQ steps up and plays the mediator. THIS ALLOWS BOTH SIDES TO "SAVE FACE". Then serious negotiations start.
  • 15 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 19 hours Will Canada drop Liberals, vote in Conservatives?
  • 19 hours Trump needs to educate US companies and citizens on Chinese Communist Party and People's Liberation Army. This is real ECONOMIC WARFARE. To understand Chinese warfare read General Sun Tzu's "Art of War" . . . written 500 B.C.
  • 19 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 15 hours Apple Boycott in China
  • 11 hours Australian Voters Reject 'Climate Change' Politicians
  • 2 hours Why is Strait of Hormuz the World's Most Important Oil Artery
Washington Targets Russia With Yet More Sanctions

Washington Targets Russia With Yet More Sanctions

Washington is preparing yet another…

ExxonMobil Retains Title As Largest Oil And Gas Company In The World

Oil Rig

The rankings’ prelude indicates that researchers equally-weighted measures of revenue, profits, assets and market value in order to name the 25 biggest players in the global energy industry.

Last week, Exxon became one of only five oil majors to remain a part of the Fortune 500 list. The firm took second place overall with earnings at $1.8 billion in the second quarter.

Exxon’s role in shielding the oil and gas industry, particularly in the United States, from incoming changes due to rising environmental concerns has been significant.

The New York Attorney General is currently carrying out an investigation regarding Exxon’s role in hiding the effects of oil and gas production and consumption from the public. The company denies all claims lodged in the case.

PetroChina was the second highest oil major on the list, as it and its peers suffered severe financial blows due to production costs that ran from $40 to $60 a barrel in a $50 a barrel global market.

Related: Big Oil Betting On Another Price Jump With Refinery Sales

The French firm Total, the third largest oil major, has been receptive to creating progressive industry standards after 195 countries agreed to pursue the Paris Climate Change Accord late last year.

Sinopec, a Chinese oil giant, stood in fourth place after suffering a 50 percent decline in profits in recent months.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • mchentrp on June 22 2016 said:
    The New York AG office has been one of the country's biggest shake down artists for years. Why should this come as any surprise?

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News