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Leading U.S. oil and gas producers based on revenue 2020

In 2019/2020, ExxonMobil generated 249.07 billion U.S. dollars in revenue, more than any other oil and gas company in the United States. ExxonMobil’s revenue was significantly higher than its competitors, earning over 100 billion U.S. dollars more than Chevron, which ranked second that same year.

ExxonMobil’s main operations and locations

Based in Irving, Texas, ExxonMobil is consistently ranked as one of the largest companies worldwide in terms of revenue. The company has early origins in John D. Rockefeller’s Standard Oil Company from the 1880s but became the entity it is today when two major oil companies, Exxon and Mobil, merged in 1999. ExxonMobil is the leading global oil refiner, with refineries in 21 countries. The majority of the company’s refining capacity is in North America and Europe.

Two decades of cutbacks

Following a staggering decline in revenue from 2011 to 2016, ExxonMobil’s refining capacity had likewise reduced across the globe, with the most substantial cuts in the Asia-Pacific region. In the same time period, the company also saw a major reduction in its proved reserves of natural gas, its largest product segment. Meanwhile, the number of employees at ExxonMobil has increased since hitting a low of 69,6000 in 2017.

2020 ranking of the leading United States oil and gas companies based on revenue (in billion U.S. dollars)*

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Sources

Release date

June 2020

Region

Worldwide

Survey time period

2019 and 2020

Supplementary notes

* Ranking compiled in 2020 based on latest available revenue.

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Statistics on "Oil industry in the United States"

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