Leading oil equipment and oil services providers worldwide based on market cap 2020

In September 2020, the Canadian company Enbridge held the largest market capitalization of global oil equipment and service providers, at 68.58 billion U.S. dollars. That year, the top ten ranking global companies were exclusively from North America, primarily based in the United States.

What is “market cap”?

As opposed to sales or assets, market capitalization is a metric used to determine a company’s size and worth on the stock market. For example, U.S. based Energy Transfer is roughly half the size of Enbridge, but outpaced Enbridge’s revenue, earning the most in its sector. The differing ratios exemplify how market capitalization is not a hard figure like revenue, but inflates and fluctuates according the perceived value of a company, influenced by less quantifiable factors.

Enbridge’s reach and services

Like Energy Transfer, Enbridge specializes in energy transportation and infrastructure, with a vast network of underground pipelines to deliver crude oil and liquids. The company is also the largest distributor of natural gas in Canada and extends its services into the United States and Gulf of Mexico.