The largest companies in the world (2014). The world's largest oil companies

The oil industry is the main industryworld fuel and energy industry. It not only affects international economic relations, but also often causes military conflicts. This article presents the rating of the world's largest companies that occupy leading positions in oil production.

Rating Criteria

When drafting an oil rating, experts assess the largest companies in the world on such basic criteria:

• volumes of raw materials extraction;
• available reserves;
• processing capacities;
• results of financial activities of the oil company;
• volumes of sales of oil and products of its processing.

It is important to note that the results of all knownratings may differ. This is due to the use of different criteria during the evaluation. For example, the Energy Intelligence rating is compiled on the basis of quantitative production indicators (production level, reserves, processing and sales volumes), and financial characteristics are neglected. We will review the list of the best oil companies, which was first made by Forbes.

The rating of oil giants according to Forbes

Forbes provided its list, in whichthe world's largest oil companies of 2014 are represented. The list includes 25 companies that produce the largest amount of oil in the world. Let's stop on the most powerful giants of this rating.

Saudi Aramco

Saudi Arabia is considered the world leader inoil industry. Saudi Aramco is the largest national energy corporation. It owns a network of processing facilities, manages the transportation of oil. Saudi Aramco has the largest and newest fleet of supertankers, which even the largest companies in the world can not match.

According to the rating, the corporation in 2014Oil produced in the largest volumes - more than 12 million barrels a day. A large amount of oil the country produces on the plains of the Eastern Province. The company also has wells in the territorial waters of the Red Sea and the Persian Gulf.

Today, the company's main office manages 99% of all Saudi Arabia's gold gold reserves, which is ¼ of the world's proven oil reserves.

Gazprom Neft Company

This enterprise is a powerful oilcompany of Russia. The enterprise is engaged in exploration of the locations of raw materials, production and sale of oil and gas, as well as the production of petroleum products. The company's branches operate in all oil and gas regions of the country. The main processing enterprises are located in the Yaroslavl, Omsk and Moscow regions. In addition, Gazprom Neft is successfully implementing oil production projects in Venezuela, Iraq and other countries. The largest companies in the world offer Russia contracts for cooperation in the oil industry.

The Gazprom Neft Group consists of 80 structuralunits on the territory of Russia and abroad. Thanks to a well-established sales scheme, the company sells a lot of oil in the domestic market and abroad. Gazprom-Neft has more than 1,700 gas stations on the territory of Russia, the CIS and Europe.

According to Forbes estimates, Gazprom Neft took the second position in the ranking of the "Largest Oil Companies of the World in 2014" with a production volume of 9.7 million barrels per day.

National Iranian Oil Company

Oil production in Iran began in 1908year. 40 years later, the Iranian Ministry of Oil founded the National Iranian Oil Company (NIOC), whose goals were to find oil and attract foreign capital. By that time, black gold had taken a key position in the economic development of the country, so the extraction of black gold was granted the status of a nationwide asset and transferred to full government management.

Now the company is engaged in gas production andoil, their transportation and export. The company primarily supplies production facilities and refineries inside the country, and sells surplus abroad in accordance with the quota "OPEC".

NIOC is considered one of the largest oilcorporations in the world. It has 1/10 of the world's oil reserves. The company owns oil and gas bearing sites in Iran, Azerbaijan and the North Sea. The activities of NIOC are very extensive: the divisions are engaged in exploration, drilling, extraction, processing and transportation of resources. The company has 21 subsidiaries, two of which are the largest.

In the rating of "The world's largest companies-2014" NIOCis in third place with an oil production rate of 6.4 million barrels per day. Iran belongs to the world's oil leaders, but due to the introduction of international sanctions against it, the company was forced to reduce the production of black gold.

ExxonMobil

ExxonMobil began operations onbased Trust Standard Oil, founded by American billionaire John Rockefeller in 1882. The corporation known today is created in the end of XX century as a result of merge of two brands Exxon and Mobil, under which and now automobile oils and lubricants are issued.

The American Petroleum Corporation isthe development of new oil fields, its extraction, transportation and sales. ExxonMobil also produces petroleum products: olefins, polyethylene, polypropylene and aromatics. The company actively participates in international economic relations and cooperates with 47 countries.

The oil company ExxonMobil is the largestinternational energy corporation. It is considered the leader in the ranking of successful and expensive enterprises, which includes the world's largest companies. The market value of ExxonMobil is more than 400 billion US dollars. According to quantitative indicators of oil production (about 5 million barrels per day), the corporation takes the fourth place in the international rating.

PetroChina

The company PetroChina is the largest Chineseoil corporation. The largest companies of the world compete with it for the value of shares. Securities of PetroChina are sold on the New York and Hong Kong Stock Exchange. After the issue of shares in Shanghai, the market value of the oil company tripled, reaching a capitalization of more than a trillion US dollars.

In addition to oil production and refining PetroChinais engaged in research of deposits of resources, cleaning of chemicals, manufacture of pipelines and marketing. According to Forbes, the company took the fifth position in the rating of world oil corporations with a production rate of 4.4 million barrels a day.

Forecasts of oil production

World oil giants plan to reduceoperations of extraction of black gold in connection with prompt falling of the price for oil in the summer of 2014. Because of this situation in the market, the profitability of companies has significantly decreased. Although ExxonMobil, Saudi Aramco, PetroChina and other major oil companies in the world have made a big profit, some of them decided to stop expansion and close the least profitable lines. According to The Wall Street Journal, this is due to the ever-growing cost of gas and oil production. For example, ExxonMobil's profitability for 2014 was 26%, which is 9% less than ten years ago.

Significant changes in the oil market producedan accident in the Gulf of Mexico, which resulted in a flood of record amounts of black gold. The British company British Petroleum, which owned the production, was forced to sell most of its assets.

Such a reduction in operations is observed not only in large oil companies. The change in oil prices affected the entire world industry.

Despite this trend, the world's largest companies are expecting positive changes in the oil industry and an increase in the extraction of natural raw materials in the future.