Biggest US Oil Firms
ExxonMobil is an American based company that is directly 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 past five years, it is among the largest publicly traded firms by market capitalization. When evaluated for market income, it's 2nd on the earth making it a true giant in the energy industry overall. With 37 oil refineries and over eighty three,000 employees, ExxonMobil is the largest refiner currently in operation. It sells its products beneath the brands of Exxon, Mobil, and Esso which have long been identified for high quality and customer service. Of the six oil supermajors, ExxonMobil is indisputably the most important and produces over 3.9 barrels of oil equivalent each single day.
Anandarko Petroleum is an impartial oil and natural fuel exploration and production firm that's among the many world's largest. It started its life cycle in 1959 as a subsidiary of Panhandle Jap Company in response to the big amounts of natural gas that were being discovered in the Anandarko Basin. Anandarko Petroleum eventually break up from its dad or mum company in 1986 and currently operates in over a dozen different nations although its U.S. onshore operations account for 60% of its reserves. Its reserves of oil equivalent are roughly 2.three billion barrels with 206 billion barrels of oil equivalent being produced every year as of 2008. With its headquarters located in The Woodlands, Texas, Anandarko employs over 4,700 people in both its domestic and international operations. With regards to the 2010 Deepwater Horizon oil spill, BP billed Anandarko $272 million for its share of the cleanup as they were companions within the operation. Nevertheless, this invoice could be considered voided if the spill was caused by gross negligence or willful misconduct on the behalf of BP.
Apache is an unbiased oil and gasoline company that is presently 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 finally from Denver to Houston in 1992. Though it is primarily based in the United States, there are regional offices and operations in Canada, Australia, Argentina, the North Sea, and Egypt. With over four,400 staff and $12 billion in revenues for 2010, Apache is traded via the New York Stock Change as a public company and is a key player on the S&P 500. This makes it a direct competitor with firms like Anadarko but not larger companies like Chevron.
Chevron is an American company that is concerned in every side of the oil, gas, and geothermal energy industries. It operates in more than a hundred and eighty nations and has its headquarters in San Ramon, California. As one of the world's six supermajor oil companies, it has been ranked among Fortune 500's five largest corporations for the past five years. Chevron is at present ranked 4th after Apple, ExxonMobile, and Walmart. In 2011, Forbes Global 2000 ranked it as the sixteenth largest public company within the world. It employes over sixty two,000 people and sells its merchandise under a wide range of model names. It sells its fuels underneath the manufacturers Chevron, Customary Oil, Texaco, and Caltex. Chevron also handles the upstream business of Unocal, whose pumps are owned by ConocoPhillips. In addition to its fuels, it also operates Star Mart, Extra Mile, Redwood Market, and Town Pantry convenience stores. Chevron also markets Techron as an vital additive in their fuel.
ConocoPhillips is another multinational Oil and Gas training company that is based within the United States. In 2002, Conoco Inc. and Phillips Petroleum Company merged to type ConocoPhillips. It's a Fortune 500 company that is traded as a element of the S&P 500 and is ranked 22nd on Forbes Global 2000. With its headquarters based in Houston, Texas, ConocoPhillips is the fifth largest private energy company in the world. In North America, it sells oil underneath the manufacturers of Conoco, Phillips sixty six, and Union seventy six, while selling under the name of Jet in Europe. It operates in virtually forty different international locations all around the globe, employing 29,000 folks in total. With 19 refineries presently under its ownership, ConocoPhillips is the world's fourth largest non-authorities controlled refiner overall.
Devon Energy, founded in 1971, is without doubt one of the largest impartial United States based mostly producers of oil and natural fuel with its headquarters in Oklahoma City, Oklahoma. The company primarily focuses on their North American onshore exploration and manufacturing operations. Devon owns and operates both pure gasoline pipelines and treatment amenities in most of its areas of production. This makes it one of North America's largest processors of pure gasoline and in addition certainly one of Fortune 500's largest firms in America. Additionally it is included as a part of the S&P 500 Index. With more than 5,000 staff worldwide, Devon is also ranked as certainly one of Fortune's a hundred Best Firms to Work For and Most Admired Companies. It beneficial properties these titles partially by means of its in depth community outreach programs by way of which it contributes resources to everything from regulation enforcement agencies and fire departments to youth programs and schools.