Greatest US Oil Companies
ExxonMobil is an American based company that is instantly descended from John D. Rockefeller’s Commonplace Oil. Exxon and Mobil merged in 1999 to create ExxonMobil which is centered in Irving, Texas. Ranked at both No. 1 or No. 2 for the previous five years, it is one in all the most important publicly traded corporations by market capitalization. When evaluated for market revenue, it is 2nd on this planet making it a true giant within the energy trade total. With 37 oil refineries and over 83,000 employees, ExxonMobil is the most important refiner at baoji yidong petroleum machinery factory the moment in operation. It sells its merchandise underneath the brands of Exxon, Mobil, and Esso which have long been recognized for quality and customer support. Of the six oil supermajors, ExxonMobil is indisputably the biggest and produces over three.9 barrels of oil equal every single day.
Anandarko Petroleum is an unbiased oil and natural gas exploration and production firm that’s among the world’s largest. It began its life cycle in 1959 as a subsidiary of Panhandle Eastern Company in response to the big quantities of natural gas that have been being found within the Anandarko Basin. Anandarko Petroleum ultimately cut up from its dad or mum company in 1986 and presently operates in over a dozen completely different countries although its U.S. onshore operations account for 60% of its reserves. Its reserves of oil equivalent are approximately 2.3 billion barrels with 206 billion barrels of oil equivalent being produced every year as of 2008. With its headquarters situated in the Woodlands, Texas, Anandarko employs over 4,seven hundred people in both its home and worldwide operations. With reference to the 2010 Deepwater Horizon oil spill, BP billed Anandarko $272 million for its share of the cleanup as they had been companions in the operation. Nonetheless, this bill may very well be thought of voided if the spill was caused by gross negligence or willful misconduct on the behalf of BP.
Apache is an independent oil and gas company that is at present headquartered in Houston, Texas and operates each domestically and internationally. It was initially created in 1954 by three males in Minnesota and drilled its first wells in Oklahoma’s Cushing area. Its headquarters was moved from Minneapolis to Denver in 1987 and at last from Denver to Houston in 1992. Regardless that it is predicated in the United States, there are regional workplaces and operations in Canada, Australia, Argentina, the North Sea, and Egypt. With over 4,four hundred employees and $12 billion in revenues for 2010, Apache is traded by the brand new York Stock Change as a public firm and is a key participant on the S&P 500. This makes it a direct competitor with firms like Anadarko however not bigger corporations like Chevron.
Chevron is an American company that’s concerned in each aspect of the oil, gas, and geothermal power industries. It operates in greater than 180 countries and has its headquarters in San Ramon, California. As one of many world’s six supermajor oil corporations, it has been ranked amongst Fortune 500’s five largest firms for the previous 5 years. Chevron is presently ranked 4th after Apple, ExxonMobile, and Walmart. In 2011, Forbes International 2000 ranked it as the 16th largest public firm on the planet. It employes over 62,000 people and sells its merchandise underneath quite a lot of brand names. It sells its fuels under the brands Chevron, Normal Oil, Texaco, and Caltex. Chevron additionally handles the upstream enterprise of Unocal, whose pumps are owned by ConocoPhillips. In addition to its fuels, it additionally operates Star Mart, Extra Mile, Redwood Market, and City Pantry convenience stores. Chevron additionally markets Techron as an necessary additive of their gas.
ConocoPhillips is one other multinational oil company that relies within the United States. In 2002, Conoco Inc. and Phillips Petroleum Company merged to kind ConocoPhillips. It’s a Fortune 500 company that is traded as a element of the S&P 500 and is ranked 22nd on Forbes World 2000. With its headquarters primarily based in Houston, Texas, ConocoPhillips is the fifth largest personal vitality company on the planet. In North America, it sells oil underneath the manufacturers of Conoco, Phillips sixty six, and Union 76, while selling below the title of Jet in Europe. It operates in almost 40 different nations all world wide, employing 29,000 individuals in complete. With 19 refineries at present below its ownership, ConocoPhillips is the world’s fourth largest non-authorities managed refiner total.
Devon Energy, based in 1971, is one of the largest impartial United States based producers of oil and natural gas with its headquarters in Oklahoma Metropolis, Oklahoma. The company mainly focuses on their North American onshore exploration and manufacturing operations. Devon owns and operates each natural gas pipelines and treatment amenities in most of its areas of manufacturing. This makes it considered one of North America’s largest processors of natural gas and in addition one in every of Fortune 500’s largest corporations in America. It is usually included as a part of the S&P 500 Index. With more than 5,000 workers worldwide, Devon can also be ranked as considered one of Fortune’s one hundred Best Firms to Work For and Most Admired Corporations. It good points these titles partially by way of its in depth neighborhood outreach programs via which it contributes sources to every part from legislation enforcement companies and hearth departments to youth packages and schools.
Greka Energy is also presently often called HVI Cat Canyon. It is a United States primarily based private oil and natural gas company that operates primarily in California’s Santa Barbara county. It was created in 1999 after the acquisition of several mergers bought by its father or mother firm, Greka Integrated. Its oldest part, Saba Enterprises, was established in 1981. With roughly 200 employees, its petroleum extraction and asphalt processing operations made Greka the biggest onshore oil operator in Santa Barbara County. In China, Greka owns and operates Inexperienced Dragon Gas which is a publicly traded firm on the London Inventory Change. Although owned by the identical individuals, these two companies are fully separate authorized entities. Until 2003, the corporate was traded on the NASDAQ however then its proprietor, Randeep Grewal, bought out all of the prevailing shares at a 69% premium and made it into a private power firm.
Hess is a brand baoji yidong petroleum machinery factory new York Metropolis based built-in oil company that started its life in 1919 as Ameranda Company. British oil entrepreneur Lord Cowdray formed it to begin exploring for oil in North America. Following several main acquisitions, it finally modified its name to Hess Corp. in 2006. By handling the exploration, production, transportation, and refining phases of oil and natural gas, Hess avoids extra price by finishing the logistical chain crucial for production. It also sells gas through its Hess branded filling stations in sixteen different states alongside the United States’ East Coast. By means of one of its subsidiaries’ partnerships with a Venezuelan company, Hess also owns part of one among the biggest crude oil refineries on the planet in the United States Virgin Islands. With around eleven,600 workers, Hess would possibly seem tiny when in comparison with a few of its competitors regardless of its rank of fifty five within the 2009 Fortune 500.
Koch Industries is an American based mostly conglomerate that is predicated in Wichita, Kansas. Koch corporations are concerned within the manufacturing, refining, and distribution of petroleum, chemicals, and minerals among many other things. They are even involved in finance, commodities trading, and real property. In the United States, Koch Industries employs 50,000 individuals and another 20,000 in fifty nine different international locations. In 2011, Forbes ranked Koch Industries as the second largest privately held firm in the United States. When compared to publicly held companies in 2007, Koch Industries would have ranked 16th in the Fortune 500. Koch Industries is jointly owned by Charles and David Koch, the sons of considered one of the corporate’s founders Fred Koch. Subsidiaries of Koch Industries embrace Georgia-Pacific, a paper and pulp company, Invista, a polymer and fibers firm, Koch Pipeline Firm LP, an oil and gas pipeline firm, Flint Hill Assets LP, a refining and chemicals company, Koch Fertilizer, LLC, a maker of nitrogen fertilizers, and Koch Agricultural Company’s Matador Cattle Firm, a cattle ranching company.
Marathon Oil is a global oil and natural gas exploration and production firm that is based out of Houston, Texas. Regardless of many exploration and production centers in other international locations, it has not too long ago focused its interests in the United States on shale performs which can be liquid-rich, such as the Bakken and Eagle Ford formations. Again in 1887, Marathon Oil was began as the Ohio Oil Company before it was purchased up by John D. Rockefeller’s Normal Oil two years later. It remained a part of Rockefeller’s oil belief until 1911 when the trust was damaged. Later, in 1930 it acquired the Marathon brand title and ultimately renamed the corporate to Marathon Oil in 1962. With over 29,500 workers and greater than $77 billion in revenue in 2008, it’s hardly the largest oil and natural gas company in the trade but is actually bigger than a lot of its direct opponents.
Murphy Oil has been round as a world oil and natural gas company because it was created in 1944. From its El Dorado, Arkansas headquarters and through its many subsidiaries, it operates within 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 production services in the United States, and a further oil refinery within the United Kingdom. Along with its refineries, it additionally operates a rising filling station chain at Walmart Super-centers and at sure other stations within the United States. Murphy Oil had over $23 billion in income in 2010, making it smaller than many of the larger companies in the trade however nonetheless bigger than a lot of its direct opponents. To offer again to the group, the El Dorado Promise was introduced in 2007. It set aside $50 million so that every pupil graduating from El Dorado’s faculty system could afford to go to varsity.
Occidental Petroleum is an oil and natural gas exploration and manufacturing company that operates out of their Westwood, California headquarters. It’s primary operations are within 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 biggest producer of oil in Texas, the most important natural gas producer in California, and third largest producer of oil in California. On the subject of its market capitalization, it is the United States’ fourth largest oil and natural gas company with operations in eight completely different states. To keep up its standing as one of many quickest growing firms in the business, Occidental places an emphasis on enhanced oil recovery, exploration, and acquisitions. In 2009, it made what is believed to be the most important oil and natural gas discovery in California in the last 35 years.
Plains Exploration and Production
Plains Exploration and Manufacturing, 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 launch from Plains Resources in 2002, it acquired 3TEC in 2003 for $313 million and Nuevo Vitality in 2004 for $945 million. This supplied Plains Exploration and Production with various oil producing belongings within the southwest to compliment the exploratory belongings it retained after its spin off. At the tip of 2008, its reported reserves have been 292 million barrels of oil equal with a potential complete of as much as 2.2 billion barrels. As of 2007, Plains Exploration and Manufacturing was the fourth largest producer of oil in California, ranked behind Chevron, Space Energy, and Occidental Petroleum.
SandRidge Energy is an oil and natural gas exploration firm that has its headquarters in Oklahoma Metropolis, Oklahoma. It was originally founded in 1984 as Riata Energy however finally modified its name in 2006. The company focuses mainly on the Mid-Continent and Permian Basin but nonetheless maintains its production in West Texas, the Gulf Coast, and the Gulf of Mexico. Its drilling rigs are both owned and operated beneath the identify Lariat Services. In late 2007, SandRidge’s preliminary public offering was of over 28 million shares of widespread stock at $26 per share. In 2011, a royalty belief referred to as the SandRidge Permian Belief was created to carry oil and natural gas wells that have not yet been developed in Andrews County, Texas. With over 2,200 workers and a 2010 revenue of over $1.Four billion, it is hardly a small company but often will get missed as a result of immense size of a few of its rivals.
XTO Power is a personal American vitality firm and a member of the Fortune 500 that offers primarily with oil and natural gas exploration and production. It was started in 1985 as Cross Timbers Oil Company and eventually modified its name in 2001. In 2009, it grew to become the single largest natural gas producer following its 2008 acquisition of Hunt Petroleum for $4.2 billion. Later that same 12 months, ExxonMobil acquired XTO as one in all its subsidiaries for $31 billion in stock. As ExxonMobil’s subsidiary, the corporate was named XTO Energy Integrated. It is official project as part of its new mum or dad firm is to “give attention to global improvement and production 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 variety of workers have probably elevated since it was taken over by such a large and profitable firm.