Top U.S. oil/gas service & equipment providers based on market capitalization 2020
Enterprise Products Partners is the leading provider of oil and gas service, equipment, and distribution in the United States, based on a market capitalization. It was valued at 36.37 billion U.S. dollars on September 18, 2020. Midstream oil operations include processing, storing, transporting, and marketing petroleum products. There are three major stages in the oil industry operations including upstream, midstream, and downstream which refer to different points along the operations process.
On an international level, Enterprise Products Partners also ranks worldwide as the leading oil equipment and oil service provider in terms of net income , or profit after calculating taxes and expenses. Like many of its competitors, the revenue of Enterprise Products Partners was lowest during the financial crisis circa 2009. It followed a trend of strong increase as the U.S. shale industry took off, peaking in 2014 before a sharp decline caused by an oversupply, known as the 2010s oil glut. The effects of the coronavirus pandemic on performance in 2020 are still to be seen.
What is market capitalization?
Unlike net income, market capitalization and revenue do not take into account factors such as outstanding debt or the cost of goods sold. While revenue is a hard figure for the quantity of the money generated over a certain period, market capitalization depends on more fluid categories such as public perception and a company’s reputation.On an international level, Enterprise Products Partners also ranks worldwide as the leading oil equipment and oil service provider in terms of net income , or profit after calculating taxes and expenses. Like many of its competitors, the revenue of Enterprise Products Partners was lowest during the financial crisis circa 2009. It followed a trend of strong increase as the U.S. shale industry took off, peaking in 2014 before a sharp decline caused by an oversupply, known as the 2010s oil glut. The effects of the coronavirus pandemic on performance in 2020 are still to be seen.
