Biggest US Oil Companies

ExxonMobil is an American based company that is immediately descended from John D. Rockefeller’s Standard Oil. Exxon and Mobil merged in 1999 to create ExxonMobil which is centered in Irving, Texas. Ranked at either No. 1 or No. 2 for the previous 5 years, it is one among the most important publicly traded corporations by market capitalization. When evaluated for market revenue, it is 2nd in the world making it a real giant within the vitality trade general. With 37 oil refineries and over 83,000 employees, ExxonMobil is the largest refiner at present in operation. It sells its merchandise beneath the manufacturers of Exxon, Mobil, and Esso which have lengthy been identified for high quality and customer support. Of the six oil supermajors, ExxonMobil is indisputably the most important and produces over three.9 barrels of oil equivalent every single day.

Inside the tower and packingAnandarko Petroleum
Anandarko Petroleum is an independent oil and natural gas exploration and production company that’s among the world’s largest. It began its life cycle in 1959 as a subsidiary of Panhandle Eastern Corporation in response to the large amounts of natural gas that have been being found within the Anandarko Basin. Anandarko Petroleum finally break up from its parent company in 1986 and presently operates in over a dozen completely different countries though its U.S. onshore operations account for 60% of its reserves. Its reserves of oil equal are approximately 2.3 billion barrels with 206 billion barrels of oil equivalent being produced yearly as of 2008. With its headquarters situated within the Woodlands, Texas, Anandarko employs over four,seven hundred people in both its home and worldwide operations. On the subject of the 2010 Deepwater Horizon oil spill, BP billed Anandarko $272 million for its share of the cleanup as they have been partners within the operation. Nonetheless, this invoice could be thought of voided if the spill was caused by gross negligence or willful misconduct on the behalf of BP.

Apache is an unbiased oil and gas company that is currently headquartered in Houston, Texas and operates both domestically and internationally. It was originally created in 1954 by three males 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. Despite the fact that it is predicated within the United States, there are regional places of work and operations in Canada, Australia, Argentina, the North Sea, and Egypt. With over 4,400 workers and $12 billion in revenues for 2010, Apache is traded through the new York Stock Exchange as a public firm and is a key participant on the S&P 500. This makes it a direct competitor with corporations like Anadarko but not bigger companies like Chevron.

Chevron is an American firm that’s concerned in every aspect of the oil, gas, and geothermal energy industries. It operates in greater than 180 international locations and has its headquarters in San Ramon, California. As one of the world’s six supermajor oil companies, it has been ranked amongst Fortune 500’s five largest companies for the past five years. Chevron is presently ranked 4th after Apple, ExxonMobile, and Walmart. In 2011, Forbes World 2000 ranked it as the 16th largest public firm on the earth. It employes over sixty two,000 individuals and sells its products beneath a variety of model names. It sells its fuels beneath the manufacturers Chevron, Normal Oil, Texaco, and Caltex. Chevron additionally handles the upstream business of Unocal, whose pumps are owned by ConocoPhillips. Along with its fuels, it also operates Star Mart, Extra Mile, Redwood Market, and Town Pantry comfort stores. Chevron additionally markets Techron as an necessary additive of their gas.

ConocoPhillips is another multinational oil company that relies in the United States. In 2002, Conoco Inc. and Phillips Petroleum Company merged to kind ConocoPhillips. It is a Fortune 500 company that is traded as a element of the S&P 500 and is ranked 22nd on Forbes International 2000. With its headquarters primarily based in Houston, Texas, ConocoPhillips is the fifth largest private energy company on this planet. In North America, it sells oil under the brands of Conoco, Phillips 66, and Union 76, while promoting underneath the title of Jet in Europe. It operates in virtually forty completely different countries all around the world, using 29,000 individuals in total. With 19 refineries at the moment under its possession, ConocoPhillips is the world’s fourth largest non-authorities managed refiner total.

Devon Power
Devon Vitality, based in 1971, is one of the most important impartial United States based mostly producers of oil and natural gas with its headquarters in Oklahoma Metropolis, Oklahoma. The corporate primarily focuses on their North American onshore exploration and manufacturing operations. Devon owns and operates each natural gas pipelines and remedy amenities in most of its areas of production. This makes it considered one of North America’s largest processors of natural gas and also one of Fortune 500’s largest companies in America. It is usually included as part of the S&P 500 Index. With greater than 5,000 employees worldwide, Devon can also be ranked as one among Fortune’s a hundred Best Corporations to Work For and Most Admired Companies. It gains these titles partially by means of its intensive neighborhood outreach programs via which it contributes sources to everything from law enforcement agencies and fire departments to youth applications and faculties.

Greka Vitality
Greka Energy is also currently generally known as HVI Cat Canyon. It’s a United States based mostly private oil and natural gas company that operates mainly in California’s Santa Barbara county. It was created in 1999 after the acquisition of several mergers bought by its mum or dad firm, Greka Integrated. Its oldest component, Saba Enterprises, was established in 1981. With roughly 200 workers, its petroleum extraction and asphalt processing operations made Greka the most important onshore oil operator in Santa Barbara County. In China, Greka owns and operates Green Dragon Gas which is a publicly traded firm on the London Inventory Trade. Although owned by the same people, these two corporations are fully separate legal entities. Until 2003, the company was traded on the NASDAQ however then its proprietor, Randeep Grewal, bought out all of the present shares at a 69% premium and made it into a non-public vitality company.

Hess Corporation
Hess is a brand new York City primarily based built-in oil company that began its life in 1919 as Ameranda Corporation. British oil entrepreneur Lord Cowdray formed it to begin exploring for oil in North America. Following several major acquisitions, it finally changed its name to Hess Corp. in 2006. By handling the exploration, manufacturing, transportation, and refining phases of oil and natural gas, Hess avoids extra price by completing the logistical chain essential for manufacturing. It additionally sells gas through its Hess branded filling stations in sixteen completely different states along the United States’ East Coast. By way of one among its subsidiaries’ partnerships with a Venezuelan firm, Hess additionally owns a part of certainly one of the biggest crude oil refineries on this planet in the United States Virgin Islands. With round 11,600 employees, Hess would possibly appear tiny when compared to some of its opponents regardless of its rank of 55 in the 2009 Fortune 500.

Koch Industries
Koch Industries is an American primarily based conglomerate that is based in Wichita, Kansas. Koch firms are involved within the manufacturing, refining, and distribution of petroleum, chemicals, and minerals among many different things. They’re even concerned in finance, commodities trading, and real property. Within the United States, Koch Industries employs 50,000 individuals and one other 20,000 in 59 other nations. In 2011, Forbes ranked Koch Industries because the second largest privately held firm in the United States. When in comparison with publicly held companies in 2007, Koch Industries would have ranked 16th within the Fortune 500. Koch Industries is jointly owned by Charles and David Koch, the sons of one among the corporate’s founders Fred Koch. Subsidiaries of Koch Industries include Georgia-Pacific, a paper and pulp firm, Invista, a polymer and fibers firm, Koch Pipeline Company LP, an oil and gas pipeline company, Flint Hill Assets LP, a refining and chemicals company, Koch Fertilizer, LLC, a maker of nitrogen fertilizers, and Koch Agricultural Firm’s Matador Cattle Company, a cattle ranching firm.

Marathon Oil
Marathon Oil is a world oil and natural gas exploration and manufacturing company that is based out of Houston, Texas. Despite many exploration and manufacturing centers in different nations, it has recently focused its pursuits in the United States on shale performs which are liquid-wealthy, such as the Bakken and Eagle Ford formations. Again in 1887, Marathon Oil was began as the Ohio Oil Company earlier than it was purchased up by John D. Rockefeller’s Customary Oil two years later. It remained a part of Rockefeller’s oil trust until 1911 when the trust was broken. Later, in 1930 it acquired the Marathon model name and finally renamed the company to Marathon Oil in 1962. With over 29,500 staff and greater than $77 billion in revenue in 2008, it’s hardly the biggest oil and natural gas company in the industry but is certainly bigger than lots of its direct rivals.

Murphy Oil
Murphy Oil has been around as an international oil and natural gas company because it was created in 1944. From its El Dorado, Arkansas headquarters and via its many subsidiaries, it operates in the United States, Canada, Malaysia, the United Kingdom, and Republic of the Congo. Murphy Oil employs over eight,600 folks, has two oil refineries and two ethanol production amenities in the United States, and a further oil refinery within the United Kingdom. In addition to its refineries, it additionally operates a growing filling station chain at Walmart Tremendous-centers and at certain other stations in the United States. Murphy Oil had over $23 billion in income in 2010, making it smaller than most of the larger firms within the business but still bigger than lots of its direct competitors. To give back to the neighborhood, the El Dorado Promise was introduced in 2007. It set aside $50 million so that each scholar graduating from El Dorado’s college system could afford to go to college.

Occidental Petroleum
Occidental Petroleum is an oil and natural gas exploration and manufacturing company that operates out of their Westwood, California headquarters. It is main 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 most important producer of oil in Texas, the biggest natural gas producer in California, and third largest producer of oil in California. With regards to its market capitalization, it’s the United States’ fourth largest oil and natural gas company with operations in eight totally different states. To take care of its standing as one of the fastest rising companies in the business, Occidental places an emphasis on enhanced oil recovery, exploration, and acquisitions. In 2009, it made what’s believed to be the most important oil and natural gas discovery in California in the final 35 years.

Plains Exploration and Manufacturing
Plains Exploration and Production, created in 2002, is a spin-off from Plains Resources. It’s an American petroleum company that is predicated 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 Resources in 2002, it acquired 3TEC in 2003 for $313 million and Nuevo Energy in 2004 for $945 million. This equipped Plains Exploration and Production with numerous oil producing property within the southwest to compliment the exploratory property it retained after its spin off. At the end of 2008, its reported reserves were 292 million barrels of oil equivalent with a potential total 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, Area Energy, and Occidental Petroleum.

SandRidge Energy
SandRidge Vitality is an oil and natural gas exploration company that has its headquarters in Oklahoma Metropolis, Oklahoma. It was initially founded in 1984 as Riata Vitality but finally modified its title in 2006. The corporate focuses primarily on the Mid-Continent and Permian Basin however nonetheless maintains its manufacturing in West Texas, the Gulf Coast, and the Gulf of Mexico. Its drilling rigs are each owned and operated beneath the identify Lariat Services. 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 belief known as the SandRidge Permian Trust was created to hold oil and natural gas wells that have not yet been developed in Andrews County, Texas. With over 2,200 staff and a 2010 income of over $1.4 billion, it is hardly a small firm but often gets ignored due to the immense measurement of a few of its opponents.

XTO Power
XTO Vitality is a non-public American power 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 finally modified its title in 2001. In 2009, it turned the one largest natural gas producer following its 2008 acquisition of Hunt Petroleum for $4.2 billion. Later that same yr, ExxonMobil acquired XTO as one in every of its subsidiaries for $31 billion in inventory. As ExxonMobil’s subsidiary, the company was named XTO Vitality Included. It is official assignment as a part of its new mother or father company is to “focus on world development and production 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 people. Its revenues earned and number of workers have most definitely increased since it was taken over by such a large and profitable company.

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