The global oil and gas industry remains one of the most powerful forces shaping modern economies, energy security, and international trade. Ranking the biggest oil and gas companies by revenue helps reveal which corporations dominate fuel production, refining, distribution, and petrochemicals worldwide. These companies influence fuel prices, government revenues, infrastructure development, and millions of jobs across continents. From state-owned energy giants in Asia and the Middle East to multinational corporations in Europe and North America, revenue rankings highlight how energy demand continues to drive massive financial flows. Understanding these rankings provides valuable insight into global energy leadership and economic influence.
Oil and gas company revenue is typically calculated from total annual sales, including crude oil production, natural gas sales, refining, chemicals, trading, and retail fuel operations. Rankings compare consolidated revenues reported in company financial statements and public disclosures. Revenue levels fluctuate with global oil prices, production volumes, geopolitical stability, currency movements, and energy demand trends. In recent years, energy companies have balanced traditional fossil fuel operations with investments in cleaner technologies, digital efficiency, and downstream diversification. Asia’s fast-growing energy consumption and the Middle East’s large reserves continue to shape which companies dominate the top positions.
Top 10 Biggest Oil & Gas Companies by Revenue in the World 2026
- Sinopec Group: 486 USD billions
- China National Petroleum: 483 USD billions
- Saudi Aramco: 440 USD billions
- PetroChina: 439 USD billions
- Exxon Mobil: 344 USD billions
- Shell: 323 USD billions
- BP: 240 USD billions
- TotalEnergies: 219 USD billions
- Chevron: 200 USD billions
- Petrobras: 124 USD billions
The top positions are led by major Chinese state-owned enterprises, reflecting China’s massive domestic energy demand and integrated refining capacity. Sinopec Group and China National Petroleum dominate the ranking with nearly equal revenues. Saudi Aramco remains one of the most profitable producers globally due to its vast reserves and low production costs. Western energy majors such as Exxon Mobil, Shell, BP, TotalEnergies, and Chevron continue to generate enormous revenues through diversified global operations. Petrobras represents Latin America’s strongest presence, supported by offshore production and regional fuel markets. Overall, scale, resource access, and downstream integration drive revenue leadership.
Full Data Table
| # | Company | Revenue (USD billions) | Headquarters |
|---|---|---|---|
| 1 | Sinopec Group | 486 | China |
| 2 | China National Petroleum | 483 | China |
| 3 | Saudi Aramco | 440 | Saudi Arabia |
| 4 | PetroChina | 439 | China |
| 5 | Exxon Mobil | 344 | United States |
| 6 | Shell | 323 | United Kingdom |
| 7 | BP | 240 | United Kingdom |
| 8 | TotalEnergies | 219 | France |
| 9 | Chevron | 200 | United States |
| 10 | Gazprom | 157 | Russia |
| 11 | Valero Energy | 144 | United States |
| 12 | Marathon Petroleum | 132 | United States |
| 13 | Petrobras | 124 | Brazil |
| 14 | Phillips 66 | 121 | United States |
| 15 | Indian Oil Corporation | 109 | India |
| 16 | Rosneft | 108 | Russia |
| 17 | Reliance Industries | 108 | India |
| 18 | Pemex | 105 | Mexico |
| 19 | Equinor | 103 | Norway |
| 20 | Eni | 99 | Italy |
| 21 | Lukoil | 96 | Russia |
| 22 | PTT Public Company | 92 | Thailand |
| 23 | Repsol | 85 | Spain |
| 24 | SK Innovation | 83 | South Korea |
| 25 | Neste | 82 | Finland |
| 26 | CNOOC | 81 | China |
| 27 | Formosa Petrochemical | 79 | Taiwan |
| 28 | OMV Group | 75 | Austria |
| 29 | Suncor Energy | 74 | Canada |
| 30 | ConocoPhillips | 57 | United States |
| 31 | Bharat Petroleum | 56 | India |
| 32 | QatarEnergy | 52 | Qatar |
| 33 | Cenovus Energy | 51 | Canada |
| 34 | ADNOC | 50 | United Arab Emirates |
| 35 | Kuwait Petroleum | 47 | Kuwait |
| 36 | PKN Orlen | 44 | Poland |
| 37 | Hindustan Petroleum | 41 | India |
| 38 | Canadian Natural Resources | 38 | Canada |
| 39 | Idemitsu Kosan | 38 | Japan |
| 40 | Tatneft | 33 | Russia |
| 41 | Ecopetrol | 33 | Colombia |
| 42 | YPF | 30 | Argentina |
| 43 | Occidental Petroleum | 28 | United States |
| 44 | Sonangol | 28 | Angola |
| 45 | Galp Energia | 26 | Portugal |
| 46 | MOL Group | 25 | Hungary |
| 47 | EOG Resources | 23 | United States |
| 48 | Woodside Energy | 15 | Australia |
| 49 | Devon Energy | 15 | United States |
| 50 | Oil India | 6 | India |
Key Points
- Asian companies dominate the top five positions, showing the region’s growing energy consumption and refining capacity.
- National oil companies maintain strong revenue leadership due to government backing and access to domestic reserves.
- Western multinational companies remain highly competitive through global operations and diversified portfolios.
- Mid-ranked companies show tighter revenue clustering, indicating strong competition beyond the top tier.
- Emerging market energy firms from Latin America, the Middle East, and Eastern Europe contribute significantly to the overall ranking.
- Revenue levels highlight how energy demand remains resilient despite increasing renewable investments.
- Integrated refining and petrochemical operations help stabilize revenue during commodity price fluctuations.
The biggest oil and gas companies by revenue continue to shape global energy supply, trade flows, and industrial development. While traditional energy remains central to transportation, manufacturing, and power generation, these companies are also adapting to evolving environmental policies and technological change. Revenue leadership reflects not only production scale but also refining strength, logistics networks, and regional demand growth. As emerging economies expand and energy transition strategies accelerate, future rankings may gradually shift toward more diversified and low-carbon business models. Monitoring these trends helps investors, policymakers, and consumers understand the evolving balance of power in the global energy industry.
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