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Largest US Oil Firms

ExxonMobil is an American based firm that is immediately descended from John D. Rockefeller’s Normal 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 past 5 years, it’s one among the largest publicly traded corporations by market capitalization. When evaluated for market revenue, it’s 2nd on the earth making it a real large within the power trade overall. With 37 oil refineries and over 83,000 staff, ExxonMobil is the biggest refiner at the moment in operation. It sells its products underneath the brands of Exxon, Mobil, and Esso which have long been recognized for high quality and customer service. Of the six oil supermajors, ExxonMobil is indisputably the biggest and produces over 3.9 barrels of oil equivalent every single day.

Flash ColumnAnandarko Petroleum
Anandarko Petroleum is an unbiased oil and natural gas exploration and production company that’s among the world’s largest. It started its life cycle in 1959 as a subsidiary of Panhandle Eastern Company in response to the massive quantities of natural gas that have been being found in the Anandarko Basin. Anandarko Petroleum finally split from its mother or father firm in 1986 and at the moment operates in over a dozen completely different nations 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 petroleum productssmetics 50 barrels of oil equal being produced every year as of 2008. With its headquarters positioned in the Woodlands, Texas, Anandarko employs over four,700 folks in each its home and international operations. With regards 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 invoice could be thought-about voided if the spill was attributable to gross negligence or willful misconduct on the behalf of BP.

Apache is an impartial oil and gasoline firm that is currently headquartered in Houston, Texas and operates both domestically and internationally. It was initially 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 eventually from Denver to Houston in 1992. Even though it relies within the United States, there are regional offices and operations in Canada, Australia, Argentina, the North Sea, and Egypt. With over four,four hundred workers and $12 billion in revenues for 2010, Apache is traded by way of the brand new York Inventory Change as a public firm and is a key player on the S&P 500. This makes it a direct competitor with companies like Anadarko but not bigger firms like Chevron.

Chevron is an American company that’s concerned in each aspect of the oil, gasoline, and geothermal energy industries. It operates in greater than 180 nations and has its headquarters in San Ramon, California. As one of the world’s six supermajor oil corporations, it has been ranked amongst Fortune 500’s five largest firms for the past five years. Chevron is at the moment ranked 4th after Apple, ExxonMobile, and Walmart. In 2011, Forbes World 2000 ranked it because the 16th largest public firm in the world. It employes over 62,000 folks and sells its products beneath a wide range of brand names. It sells its fuels beneath the manufacturers Chevron, Customary Oil, Texaco, and Caltex. Chevron also handles the upstream business of Unocal, whose pumps are owned by ConocoPhillips. In addition to its fuels, it also operates Star Mart, Additional Mile, Redwood Market, and City Pantry comfort stores. Chevron also markets Techron as an vital additive of their fuel.

ConocoPhillips is one other multinational oil company that is based 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 component of the S&P 500 and is ranked 22nd on Forbes Global 2000. With its headquarters based in Houston, Texas, ConocoPhillips is the fifth largest private power company in the world. In North America, it sells oil beneath the manufacturers of Conoco, Phillips sixty six, and Union 76, whereas promoting beneath the identify of Jet in Europe. It operates in almost 40 different international locations all world wide, using 29,000 individuals in complete. With 19 refineries presently under its ownership, ConocoPhillips is the world’s fourth largest non-government managed refiner overall.

Devon Power
Devon Power, founded in 1971, is certainly one of the largest unbiased United States based mostly producers of oil and natural gasoline with its headquarters in Oklahoma Metropolis, Oklahoma. The company primarily focuses on their North American onshore exploration and manufacturing operations. Devon owns and operates each natural gasoline pipelines and therapy services in most of its areas of manufacturing. This makes it one in all North America’s largest processors of pure gasoline and in addition one among Fortune 500’s largest corporations in America. Additionally it is included as a part of the S&P 500 Index. With greater than 5,000 employees worldwide, Devon can be ranked as certainly one of Fortune’s a hundred Greatest Corporations to Work For and Most Admired Firms. It gains these titles partially by way of its extensive community outreach packages by means of which it contributes sources to everything from legislation enforcement businesses and fireplace departments to youth programs and colleges.

Greka Energy
Greka Vitality can also be presently often called HVI Cat Canyon. It’s a United States primarily based private oil and pure fuel company that operates mainly in California’s Santa Barbara county. It was created in 1999 after the acquisition of a number of mergers purchased by its dad or mum company, Greka Built-in. Its oldest component, Saba Enterprises, was established in 1981. With approximately 200 employees, 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 firm on the London Inventory Trade. Although owned by the identical individuals, these two firms are utterly separate authorized entities. Till 2003, the corporate was traded on the NASDAQ but then its proprietor, Randeep Grewal, purchased out all of the existing shares at a sixty nine% premium and made it into a non-public power company.

Hess Company
Hess is a new York Metropolis based mostly integrated oil company that began its life in 1919 as Ameranda Company. British oil entrepreneur Lord Cowdray formed it to start exploring for oil in North America. Following several main acquisitions, it finally changed its name to Hess Corp. in 2006. By handling the exploration, production, transportation, and refining levels of oil and pure gasoline, Hess avoids extra cost by completing the logistical chain mandatory for manufacturing. It additionally sells gasoline by means of its Hess branded filling stations in sixteen different states alongside the United States’ East Coast. Via certainly one of its subsidiaries’ partnerships with a Venezuelan company, Hess also owns a part of one among the most important crude oil refineries in the world within the United States Virgin Islands. With round eleven,600 employees, Hess would possibly seem tiny when compared to some of its competitors regardless of its rank of fifty five within the 2009 Fortune 500.

Koch Industries
Koch Industries is an American primarily based conglomerate that relies in Wichita, Kansas. Koch corporations are concerned in the manufacturing, refining, and distribution of petroleum, chemicals, and minerals amongst many other issues. They are even concerned in finance, commodities trading, and real estate. In the United States, Koch Industries employs 50,000 folks and another 20,000 in 59 different countries. In 2011, Forbes ranked Koch Industries as the second largest privately held firm within the United States. When compared to publicly held firms 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 one of the corporate’s founders Fred Koch. Subsidiaries of Koch Industries embody Georgia-Pacific, a paper and pulp company, Invista, a polymer and fibers company, Koch Pipeline Company 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
Marathon Oil is a global oil and pure gasoline exploration and manufacturing firm that is predicated out of Houston, Texas. Regardless of many exploration and manufacturing centers in different countries, it has lately targeted its pursuits in the United States on shale performs that are liquid-wealthy, such because the Bakken and Eagle Ford formations. Back in 1887, Marathon Oil was started as the Ohio Oil Company earlier than it was purchased up by John D. Rockefeller’s Commonplace Oil two years later. It remained part of Rockefeller’s oil belief until 1911 when the trust was damaged. Later, in 1930 it acquired the Marathon brand name and finally renamed the company to Marathon Oil in 1962. With over 29,500 workers and more than $77 billion in revenue in 2008, it is hardly the largest oil and natural gasoline firm in the industry but is definitely larger than lots of its direct competitors.

Murphy Oil
Murphy Oil has been round as an international oil and natural fuel firm because it was created in 1944. From its El Dorado, Arkansas headquarters and by way of 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 folks, has two oil refineries and two ethanol production services within the United States, and an additional oil refinery in the United Kingdom. In addition to its refineries, it also operates a growing filling station chain at Walmart Super-centers and at certain other stations within the United States. Murphy Oil had over $23 billion in revenue in 2010, making it smaller than most of the larger firms in the trade however still larger than lots of its direct rivals. To present again to the neighborhood, the El Dorado Promise was introduced in 2007. It set aside $50 million so that each student graduating from El Dorado’s faculty system could afford to go to college.

Occidental Petroleum
Occidental Petroleum is an oil and pure gas exploration and manufacturing firm that operates out of their Westwood, California headquarters. It’s major operations are within the United States, the Middle East, North Africa, and South America. With over 30,000 workers worldwide and a 2010 income of over $19 billion, Occidental is the largest producer of oil in Texas, the biggest pure 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 gasoline firm with operations in eight different states. To take care of its standing as one of the fastest growing corporations in the trade, 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 fuel discovery in California in the last 35 years.

Plains Exploration and Manufacturing
Plains Exploration and Manufacturing, created in 2002, is a spin-off from Plains Sources. It’s an American petroleum company that relies 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 numerous oil producing belongings in the southwest to praise the exploratory assets it retained after its spin off. At the top of 2008, its reported reserves were 292 million barrels of oil equivalent with a potential whole of up to 2.2 billion barrels. As of 2007, Plains Exploration and Production was the fourth largest producer of oil in California, ranked behind Chevron, Space Energy, and Occidental Petroleum.

SandRidge Energy
SandRidge Power is an oil and pure gasoline exploration firm that has its headquarters in Oklahoma Metropolis, Oklahoma. It was originally based in 1984 as Riata Power however finally changed its title in 2006. The company focuses primarily on the Mid-Continent and Permian Basin however nonetheless maintains its production in West Texas, the Gulf Coast, and the Gulf of Mexico. Its drilling rigs are each owned and operated beneath the identify Lariat Companies. In late 2007, SandRidge’s preliminary public providing was of over 28 million shares of frequent inventory at $26 per share. In 2011, a royalty trust known as the SandRidge Permian Trust was created to hold oil and pure fuel wells that have not but 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 firm but typically will get ignored because of the immense measurement of a few of its competitors.

XTO Energy
XTO Energy is a non-public American vitality firm and a member of the Fortune 500 that deals primarily with oil and pure gasoline exploration and production. It was began in 1985 as Cross Timbers Oil Firm and finally modified its name in 2001. In 2009, it became the one largest natural gas producer following its 2008 acquisition of Hunt Petroleum for $4.2 billion. Later that same year, ExxonMobil acquired XTO as one of its subsidiaries for $31 billion in inventory. As ExxonMobil’s subsidiary, the company was named XTO Power Incorporated. It is official task as a part petroleum productssmetics 50 of its new mum or dad company is to “concentrate on world development and manufacturing of unconventional assets.” As of 2008, before its acquisition by ExxonMobil, XTO made over $7.6 billion in revenues and was employing over 2,300 folks. Its revenues earned and number of staff have most definitely increased since it was taken over by such a large and profitable firm.