Who are the biggest energy corporations?
The term ‘energy’ can be divided into three categories of supply: petroleum (oil), gas and coal, and renewable energy. Whether it’s used to power our homes, cars or industries there are many corporations at the heart of this vital energy supply. We’ve put together a list of the top three energy corporations around the globe.
ExxonMobil is an American multinational oil and gas corporation, and is the result of a merge of companies Exxon and Mobil. ExxonMobil produces 3.921 million barrels of oil on a daily basis, which in 2008 was 3% of all world production. It is currently the largest ‘Big Oil’ company in the world.
The sixth-largest company in the world in 2016 (measured by revenue), Shell is a British-Dutch multinational oil and gas company and one of the six oil and gas ‘supermajors’ alongside BP, ExxonMobil, Chevron BP and more. Shell works within all sectors of the oil and gas industry, some of which include exploration, production, refining and transport. It also operates within the renewable energy industry, including in biofuels, wind and hydrogen.
Chevron is a successor company of Standard Oil, and is an American multinational energy corporation. Chevron is active within all sectors in the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration, production, marketing and transport, chemicals manufacturing and power generation. Chevron also operates within the alternative energy industry, including solar, geothermal, wind power, biofuel, fuel cells and hydrogen.
The other largest energy corporations are ranked as follows:
4. Total S.A.
9. Enterprise Products
But what is the future of the energy industry? The sector is ever-changing, but how energy corporations will adapt to these changes is solely based on how consumers are utilising energy.
Innovative UK has a few predictions of what may happen: “The energy system of the future won’t look like today’s. The scale of change over the next 10 to 20 years will be considerable and, while we don’t know exactly what this change will look like, we do know some of the areas that will be important.
“The energy businesses of the future will provide those services cleanly, cheaply and efficiently by taking advantage of new energy technologies and digital enablers.”
If you’d be interested to learn more and become a part of the change, why not check out our energy recruitment page today.