Most of the world’s largest producers of natural gas are global energy giants operating global oil and gas over a full range of upstream and downstream activities. By country, the United States is the largest producer of natural gas, followed by Russia, Iran, Qatar, China and Canada. Below are some important facts about the top producers of natural gas and each company.
- The United States is the world’s largest producer of natural gas, followed by Russia, Iran, Qatar, China and Canada.
- The world’s largest oil and gas company in terms of sales is China National Petroleum Corporation.
- The top 10 natural gas companies in the world are from the United States, Russia, Saudi Arabia, the Netherlands, China, the United Kingdom and France.
China National Petroleum Corporation / PetroChina
China National Petroleum Corporation (CNPC) is China’s largest producer of natural gas. As of December 31, 2020, annual production of natural gas in China is reported to be 130.6 billion cubic meters. CNPC is also involved in the production of vast amounts of petroleum and petrochemical products and the oil and gas marketing business.
CNPC is a state-owned enterprise, but many of its businesses are organized under its listed subsidiary, PetroChina Company (PTR). PetroChina shares are listed on the New York Stock Exchange, Hong Kong Stock Exchange, and Shanghai Stock Exchange.
Petrochina is involved in both the oil and gas industries, exploring, producing, storing and marketing.
PetroChina’s revenue in 2020 was $ 299 billion, making it the second largest oil and gas company in the world. It has a market capitalization of $ 139 billion.
Saudi Aramco (Saudi Aramco)
Saudi Aramco is the second largest natural gas company in the world. As of 2020, the company had 31 million barrels of natural gas reserves. With revenues of $ 205 billion and net income of $ 41 billion in 2020, it is one of the most profitable companies in the world.
The company is also the world’s largest oil producer and the only natural gas and oil provider to Saudi Arabia. Saudi Arabia’s oil and gas industry accounted for 50% of GDP in 2018. The company has a market capitalization of $ 1.86 trillion.
Headquartered in London, BP (BP) is a global energy giant with a vast business spanning the entire oil and gas supply chain. The company reported about 7.9 billion cubic feet of natural gas production per day in 2020.
BP operates major natural gas production sites around the world, from the Americas to the Middle East and Southeast Asia. In addition to its petrochemical, lubricating and retail gasoline businesses, it also has a virtually global oil exploration and production business.
The company’s 2020 revenue is $ 183.5 billion and its market capitalization is $ 82 billion.
ExxonMobil (XOM) produced 8.5 By 2020, there will be 1 billion cubic feet of natural gas per day, the lowest in the last seven years and part of a continuous decline.It is the largest oil and gas company in the United States on a revenue basis.
The company’s 2020 revenue is $ 181.5 billion and its market capitalization is $ 228.5 billion.
Royal Dutch shell
Royal Dutch Shell (RDS.A), also known as Shell Global, reported 2.79 trillion standard cubic feet of natural gas production in 2020. This is the largest part from Asia, accounting for 838 billion standard cubic feet. The company’s natural gas business is spread all over the world.
In addition to its natural gas business, Royal Dutch Shell has extensive crude oil exploration and production activities, as well as downstream operations such as refineries, petrochemical plants and retail service stations. Royal Dutch Shell is headquartered in the Netherlands and built into the United Kingdom.
The company had sales of $ 180.5 billion and a market capitalization of $ 153 billion in 2020.
Total (TTE), a French oil and gas company, is an integrated oil and gas company with global upstream and downstream operations. In 2020, it produced 7.25 billion cubic feet of gas per day. Most of the total hydrocarbon reserves are in Europe and Central Asia, followed by the Middle East and North Africa.
In 2020, Total revenue will be $ 140.7 billion and market capitalization will be $ 114.4 billion.
American integrated energy giant Chevron (CVX) produces about daily natural gas By 2020, it will be 5.7 billion cubic feet per day, consistent with the company’s production levels in recent years. The company operates major natural gas fields around the world, including sites in Asia, Australia, Africa, Europe, Latin America and North America.
In 2020, the world’s total natural gas production was about 3.85 trillion cubic meters.
Chevron also maintains a vast upstream petroleum business and downstream activity in petrochemicals, lubricants, additives, and gasoline.Chevron has It has a market capitalization of approximately $ 185.8 billion and 2020 revenue of $ 94.7 billion.
Rosneft Oil Co., Ltd.
Rosneft (OJSCY) is a Russian oil company controlled by the Russian government. Involved in hydrocarbon exploration and production. In 2020, the company produced 62.8 billion cubic meters of natural gas. This was a year-on-year decrease due to the company’s decline in oil and gas production.
The company’s revenue in 2020 is $ 78 billion and its market capitalization is $ 71 billion.
Lukoil (LUKOY) is another Russian company on the list. The company mainly extracts and refines oil and natural gas from Western Siberia. The company produced 29 billion cubic meters of gas in 2020. 60% of it came from Russia and the rest from international business.
Lukoil’s 2020 revenue is $ 77.8 billion and its market capitalization is $ 56 billion.
Russia’s Gazprom (OGZPY) was responsible for the production of more than 431 billion cubic meters of natural gas in 2020. Gazprom dominates Russia’s natural gas industry as the largest producer of gas.
Gazprom is controlled by the Russian government, which holds more than 50% of the company’s outstanding shares. The company’s 2020 revenue is $ 27.6 billion and its market capitalization is $ 106 billion.
What is the largest natural gas company in the world?
Russia’s Gazprom is the world’s largest producer of natural gas, producing more than 431 billion cubic meters of gas in 2020. The largest natural gas company in terms of sales, which is also an oil company, is China’s state-owned oil company.
What is the highest production natural gas country in the United States?
The top five states of natural gas production in 2019 are Texas (23.9%), Pennsylvania (20.0%), Louisiana (9.3%), Oklahoma (8.5%) and Ohio (7.7%), all of which are natural in the United States. It was 69.4% of gas. Gas production.
Which three countries are the largest consumers of natural gas?
The top three countries consuming natural gas are the United States (871 billion cubic meters), Russia (484 billion cubic meters) and China (326 billion cubic meters).
The largest natural gas companies are also part of the largest oil companies, as most energy companies are diversified across business units. The largest companies are China and Saudi Arabia, with the United States in fourth place. Natural gas production in 2020 declined from 2019, but growth is expected for the foreseeable future to meet global demand.