TEMPO.CO, Jakarta - As market dynamics evolve, the biggest oil companies in the world by revenue continue to play a central role in the global economy especially during the ongoing conflicts.
On many occasions, attention has increasingly shifted toward these industry leaders from a financial standpoint, with investors and consumers alike seeking to better understand the scale and influence of top-performing firms.
List of the Biggest Oil Companies in the World
By revenue, Investopedia and various sources listed top players such as Saudi Aramco, SNPMF, and PetroChina among the biggest oil companies in the world. Some other institutions occupying top ten also include:
1. Saudi Arabian Oil Co. (Saudi Aramco)
Recognized globally as a major oil-producing nation, Saudi Arabia exercises full control over the world's biggest oil company, Saudi Aramco. In contrast to its international counterparts, state-owned enterprise remains the only firm on this list that is not publicly listed in the United States. Notably, it also commands a broad global footprint, with operations and innovation centers across North America, Europe, and Asia.
Revenue (TTM): $461.56 billion
2. China Petroleum & Chemical Corp. (SNPMF)
China Petroleum & Chemical Corporation is a leading producer and distributor of a broad range of petroleum and petrochemical products, including gasoline, diesel, kerosene, synthetic rubber, resins, and chemical fertilizers. Commonly known as Sinopec, it is a major force in refining and chemical manufacturing. The company ranks among the largest oil, gas, and petrochemical firms globally.
Revenue (TTM): $405.86 billion
3. PetroChina Co. Ltd. (PCCYF)
Beyond ranking as the world’s third-largest oil producer, PetroChina was placed 18th among the world’s largest companies by Forbes. Established in 1999, the company employs approximately 375,800 people and operates as the publicly listed arm of China National Petroleum Corporation. It is also the largest oil and gas producer and distributor in China, accounting for roughly half of the country’s oil output and around 60% of its natural gas production.
Revenue (TTM): $395.48 billion
4. Exxon Mobil Corp. (XOM)
Exxon Mobil Corporation is a U.S.-based producer of oil and natural gas, offering integrated products such as fuels, chemicals, and lubricants. The company serves key sectors including automotive, aviation, trucking, and shipping, while maintaining strong profitability in the energy and chemicals industry. It operates globally across six continents and markets its products under three brands: Esso, Exxon, and Mobil.
Revenue (TTM): $329.39 billion
5. Shell PLC (SHEL)
Shell plc is one of the biggest oil companies in the world, operating across the full energy value chain, from exploration and production to refining and marketing. The company has a presence in more than 70 countries and employs over 100,000 people worldwide. Serving more than one million commercial and industrial customers, Shell remains a key player in the global energy and petrochemical industry.
Revenue (TTM): $272 billion
6. Chevron Corp (CVX)
Founded in 1879, Chevron Corporation has grown into one of the largest oil companies in the world. Its operations span upstream exploration and production, as well as downstream refining, transportation, and marketing. Beyond energy, the company also expands into chemicals, mining, and technological innovation.
Revenue (TTM): $187.74 billion
7. TotalEnergies SE (TTE)
Headquartered in France, TotalEnergies is a major player in the global energy sector. It produces oil, natural gas, biofuels, and electricity while operating in over 120 countries. Its activities vary greatly in exploration, refining, petrochemicals, and a broad network of fuel stations across Europe, the United States, and Africa.
Revenue (TTM): $187.12 billion
8. BP PLC (BP)
Counting among the biggest oil companies in the world, BP focuses on oil, petrochemicals, and evolving energy solutions. The company combines traditional refining and marketing with growing investments in cleaner energy sources. With over a century of experience, BP continues to invest in the North Sea and plans to allocate up to £18 billion to the UK energy system by 2030, supported by brands such as Castrol, Aral, and Amoco.
Revenue (TTM): $186.54 billion
9. Marathon Petroleum Corp. (MPC)
Marathon Petroleum Corporation refines and distributes petroleum products across the United States. The company operates an extensive pipeline network and a nationwide marketing system. Its retail presence includes branded outlets under the Marathon name.
Revenue (TTM): $133.56 billion
10. Valero Energy Corp. (VLO)
Valero Energy Corporation is the world’s largest independent petroleum refiner and the second-largest producer of renewable fuels according to Investopedia. The company operates 15 refineries across the United States, Canada, and the United Kingdom, along with 12 ethanol plants in the United States.
Revenue (TTM): $123.78 billion
As demand patterns shift alongside geopolitical and economic developments, The biggest oil companies in the world remain central to ensuring energy security and supply stability worldwide. For a deeper understanding of how resource availability influences these companies, explore our next article on countries with the largest oil reserves.
Read: Ceasefire Reached with US: What Is in Iran's 10-Point Peace Plan?
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