Top 10 Biggest Petroleum Companies In The US

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Oil remains the world's dominant energy source, powered by oil giants that supply billions of barrels of petroleum products daily to energy-intensive ... read more...

  1. In 2020, ExxonMobil recorded its first quarterly loss since the 1999 merger of Exxon and Mobil. In the fourth quarter of 2020, it posted a loss of $22.4 billion from a profit of $14.3 billion a year earlier. Much of this is due to the devaluation of previously discovered reserves. Since then, rising oil prices have increased the company's assets.


    ExxonMobil has removed $10 billion from its investment budget and cut operating costs by $7 billion during 2020 to adapt to the financial challenges of Covid19. As a result, 450 fewer wells were drilled in 2020 than a year ago. However, liquid oil production fell by only 80,000 barrels per day per year, although gas production declined significantly.


    ExxonMobil's mining division posted a loss of $20 billion in 2020 from revenue of $14 billion in 2019. While most analysts expect this trend to reverse again in 2021, revenues declined by around $77 billion. The
    company has built three major oil fields in Guyana. We continue to develop rentals in the country's seas. New processing and export facilities opened in the United States and construction of new chemical facilities continued.


    Founded: November 30, 1999

    Headquarters: Irving, Texas, U.S.
    Market cap: $262.37 Billion As of December 2021
    Revenue: $179bn in 2020

    Website: corporate.exxonmobil.com

    ExxonMobil,https://corporate.exxonmobil.com/
    ExxonMobil,https://corporate.exxonmobil.com/
    ExxonMobil, https://www.hydrocarbons-technology.com/wp-content/uploads/sites/9/2020/09/Exxonmobil-headquarters-1.jpg
    ExxonMobil, https://www.hydrocarbons-technology.com/wp-content/uploads/sites/9/2020/09/Exxonmobil-headquarters-1.jpg

  2. A key moment for Chevron in 2020 was the October acquisition of US shale oil and gas producer Noble Energy. Due to high production costs, the US shale sector felt the impact of lower oil prices more severely than other sectors. As Noble's margins shrink and debt rises, Chevron seizes the opportunity to purchase its reserves in a $4.2 billion deal.


    Meanwhile, Chevron needed to think about finances. The loss peaked in the second quarter of 2020 when the company reported a net loss of $8.3 billion. During the year, the company suffered no significant changes in net production but suffered a net loss of $5.5 billion.


    Chevron increased its dividend by 8% when several large companies stopped or cut payments to shareholders in 2020. Although the company's profits have recovered in 2021, they have not yet returned to pre-pandemic levels. The company also converted existing refineries to increase biofuel production. The company also joined the Hydrogen Council, which later acquired a joint venture for hydrogen production and announced plans to expand its own hydrogen production. A collaboration with Algonquin Renewable Energy has also begun the construction of 500 MW renewable generation by Chevron.

    Founded: September 10, 1879
    Headquarters: San Ramon, California, U.S.
    Market cap: $222.26 Billion As of December 2021
    Revenue: $94bn in 2020
    Website: chevron.com

    Chevron, https://www.chevron.com/
    Chevron, https://www.chevron.com/
    Chevron, https://en.wikipedia.org/wiki/Chevron_Corporation#/media/File:Chevronheadquarters.jpg
    Chevron, https://en.wikipedia.org/wiki/Chevron_Corporation#/media/File:Chevronheadquarters.jpg
  3. Marathon cuts capital expenditures by nearly half to combat the pandemic in 2021. The company was still having a tough year, halted by a massive sale in August 2020. Marathon sells Speedway, a gas station network, with a 15-year contract with buyer 7Eleven.


    Marathon CEO Michael Hennigan said the $21 billion deal helped the company meet its asset disclosure obligations. Marathon's unadjusted profit, including speedway revenue, fell from $11.1 billion a year ago to $4.4 billion in 2020. Most of the decline occurred in the company's downstream segments, with net income for the year rising from $2.8 billion to $5.1 billion in losses.


    In April 2020, Marathon set a target of reducing emissions per barrel of oil by 30% by 2030. Since then, more refineries have switched from plant-based products to “renewable diesel” and started using energy-efficient equipment.

    Founded: November 9, 2009

    Headquarters: Findlay, Ohio, United States

    Market cap: $38.51 Billion As of December 2021

    Revenue: $70bn in 2020

    Website: https://www.marathonpetroleum.com/

    Marathon, https://www.marathonpetroleum.com/
    Marathon, https://www.marathonpetroleum.com/
    Marathonhttps://www.toledoblade.com/image/2014/01/27/1140x_a10-7_cTC/BIZ-findlay13p-marathon-hq.JPG
    Marathonhttps://www.toledoblade.com/image/2014/01/27/1140x_a10-7_cTC/BIZ-findlay13p-marathon-hq.JPG
  4. ConocoPhillips is an American multinational hydrocarbon exploration and production company. It is located in the Houston Energy Corridor area, Texas. The company operates in 15 countries and produces in the United States (49% of 2019 production). The company is ranked #156 on the Fortune 500.


    In the 2021 Forbes Global 2000 evaluation, ConocoPhillips was ranked 574 among the world's largest public companies. ConocoPhillips was also ranked #207 on Forbes' 'Best Employers of Diversity' (2021), #125 on Forbes' Best Employers in America (2021) and #76 on Canada's Best Employers list. Forbes version (2021). According to The Guardian, in 2019, the company was ranked 14th in the world in terms of environmental pollution. It accounted for 0.91% of global industrial greenhouse gas emissions from 1988 to 2015.


    Founded: 30 August 2002
    Headquarters: Houston Energy Corridor, Houston, Texas, U.S.
    Market cap: $96.03 Billion As of December 2021
    Revenue: $0.3 billion in 2020
    Website: conocophillips.com

    ConocoPhillips,https://www.conocophillips.com/
    ConocoPhillips,https://www.conocophillips.com/
    ConocoPhillips,https://en.wikipedia.org/wiki/ConocoPhillips#/media/File:ConocoPhilipsHQ.JPG
    ConocoPhillips,https://en.wikipedia.org/wiki/ConocoPhillips#/media/File:ConocoPhilipsHQ.JPG
  5. The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. ConocoPhillips debuted as an independent energy company by spinning off its downstream assets.


    The newly reconstituted Phillips 66 began trading on the New York Stock Exchange on May 1, 2012, under the name PSX. The name dates back to 1927 and is a trademark of Phillips Petroleum. The company is engaged in the production of liquefied natural gas (NGL) and petrochemicals. The company employs approximately 14,000 people worldwide and has operations in the United States, Australia, United Kingdom, Germany, Austria and Switzerland. Phillips 66 is ranked #23 on the Fortune 500 and #67 on the Fortune Global 500 as of 2018.


    Founded: 1927
    Headquarters: Westchase, Houston, Texas, U.S.
    Market cap:$31.14 Billion As of December 2021
    Revenue: 64.13 billion in 2020
    Website: phillips66.com

    Phillips 66, https://www.phillips66.com/
    Phillips 66, https://www.phillips66.com/
    Phillips 66,https://www.hok.com/wp-content/uploads/2019/05/Phillips-66-Headquarters-Engineering-1.jpg
    Phillips 66,https://www.hok.com/wp-content/uploads/2019/05/Phillips-66-Headquarters-Engineering-1.jpg
  6. Valero, one of America's largest oil companies, was founded 41 years ago in 1980 and operates 15 refineries, one of which is located in Wales. The company also has more than 6,800 retail and brand wholesalers in various countries including the UK, Canada, the USA, and the Caribbean.

    One of the most popular brands is Texaco. Devon Energy (NYSE: DVN), Phillips 66 (NYSE: PSX), Marathon Petroleum (NYSE: MPC), Chevron (NYSE: CVX), Exxon Mobil (NYSE: XOM), Chesapeake Energy (NYSE: CHK) and Occidental Petroleum. .. (NYSE: OXY) Valero is one of the largest oil companies in the United States.


    Founded: January 1, 1980
    Headquarters: San Antonio, Texas, United States
    Market cap: $29.09 Billion
    Revenue: 64.9 billion in 2020
    Website: www.valero.com

    Valero Energy,https://www.valero.com/
    Valero Energy,https://www.valero.com/
    Valero Energy,https://en.wikipedia.org/wiki/Valero_Energy#/media/File:Valero_campus_(2).JPG
    Valero Energy,https://en.wikipedia.org/wiki/Valero_Energy#/media/File:Valero_campus_(2).JPG
  7. Founded in 1920, Occidental Petroleum, an American energy company, explores hydrocarbons in the United States, the Middle East, and Colombia, and petrochemicals in the United States, Canada, and Chile. It is organized in Delaware and is headquartered in Houston.


    Occidental Petroleum's business segments include Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, NGL, natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including transportation and storage capacity, and invests in entities that conduct similar activities. The company was ranked #167 on the Fortune 500 and #669 on the Forbes Global 2000.


    Founded: June 1920
    Headquarters: Greenway Plaza Houston, Texas, U.S.
    Market cap: $29.09 Billion
    Revenue: 17.8 billion U.S. dollars in 2020
    Website: oxy.com

    Occidental Petroleumhttp://oxy.com/
    Occidental Petroleumhttp://oxy.com/
    Occidental Petroleum,https://media.bizj.us/view/img/2033381/hbjlandmarkgreenwayplazaexterior*1200xx1800-1013-0-93.jpg
    Occidental Petroleum,https://media.bizj.us/view/img/2033381/hbjlandmarkgreenwayplazaexterior*1200xx1800-1013-0-93.jpg
  8. EOG Resources, Inc is an American energy company engaged in hydrocarbon exploration. Organized in Delaware and housed at Heritage Plaza in Houston, Texas. The company was ranked #186 on the Fortune 500 and #337 on the Forbes Global 2000. Prior to being split from Enron in 1999, it was known as the Enron Oil & Gas Company.


    Similar to Devon Energy (NYSE: DVN), Phillips 66 (NYSE: PSX), Marathon Petroleum (NYSE: MPC), Chevron (NYSE: CVX), Exxon Mobil (NYSE: XOM), Chesapeake Energy (NYSE: CHK) and Occidental Petroleum (NYSE: OXY) EOG is one of the largest oil companies in the United States. ...

    Founded: 1999
    Headquarters: Heritage Plaza
    Houston, United States
    Market cap: $51.23 Billion As of December 2021
    Revenue: $11,032 million dollars in 2020
    Website: https://www.eogresources.com/

    EOG Resources, https://www.eogresources.com/
    EOG Resources, https://www.eogresources.com/
    EOG Resources, https://mergr-image-uploads.s3.amazonaws.com/images/1475018137782816.jpg
    EOG Resources, https://mergr-image-uploads.s3.amazonaws.com/images/1475018137782816.jpg
  9. HollyFrontier Corporation manufactures gasoline, diesel, jet fuel, lubricants and asphalt. It is based in Dallas, Texas. The company operates four integrated refineries with a total crude oil processing capacity of 405,000 barrels per day. Facilities are located in Cheyenne, Wyoming (52,000 bpd); El Dorado, Kansas (135,000 bpd coke plant); Artesia, New Mexico (100,000 bpd); Tulsa, Oklahoma (125,000 bpd); and Woods-Cross. , Utah (45,000 bpd) and Mississauga (15,600 bpd).


    HollyFrontier Corporation also operates asphalt terminals in Arizona, New Mexico and Oklahoma. The company is ranked #279 on the Fortune 500 list.

    Founded: 1947
    Headquarters: Dallas, Texas, United States
    Market cap: $5.42 Billion As of December 2021
    Revenue: $11.183 billion in 2020
    Website: hollyfrontier.com

    HollyFrontier,https://hollyfrontier.com/home/default.aspx
    HollyFrontier,https://hollyfrontier.com/home/default.aspx
    HollyFrontier,https://harwoodinternational.com/wp-content/uploads/2016/11/2828-Exterior-548x617.jpg
    HollyFrontier,https://harwoodinternational.com/wp-content/uploads/2016/11/2828-Exterior-548x617.jpg
  10. PBF Energy Co., Ltd. is a refinery and supplier of unbranded transportation fuel, heating oil, lubricating oil, petrochemical raw materials and other petroleum products. Headquartered in Parsippany, NJ, the company's refineries include Shalmet, Louisiana, Ohio; the Port of Fallsboro in Gibbstown, New Jersey; the Delaware City refinery, Delaware; the ExxonMobil Refinery in Torrance, CA; Facilities are included. Oil refinery in Martinez, California.


    PBF manufactures a variety of products including gasoline, ultra-high sulfur diesel (ULSD), heating oil, jet fuel, lubricants, petrochemicals and asphalt.


    Founded: 2008
    Headquarters: Parsippany, New Jersey, U.S.
    Market cap: $1.60 Billion As of December 2021
    Revenue: $15,116 million in 2020
    Website: pbfenergy.com

    PBF Energy,https://www.pbfenergy.com/
    PBF Energy,https://www.pbfenergy.com/
    PBF Energy Logo, https://upload.wikimedia.org/wikipedia/commons/thumb/b/bb/PBF_Energy_logo.svg/1200px-PBF_Energy_logo.svg.png
    PBF Energy Logo, https://upload.wikimedia.org/wikipedia/commons/thumb/b/bb/PBF_Energy_logo.svg/1200px-PBF_Energy_logo.svg.png

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