In 2019, Energy Transfer (U.S.) generated 55.33 billion U.S. dollars in revenues, the highest amount of any oil equipment and services provider worldwide. The company was followed by Enbridge (Canada), and Enterprise Products Partners (U.S.), with the majority of the top ten leading providers coming from North America.
Operational activities
Headquartered in Dallas, Texas, Energy Transfer was founded in 1995 and primarily deals in the construction of underground pipelines to transport natural gas and crude oil. The company has an extensive infrastructure in the United States and claims to move roughly 30 percent of all U.S. natural gas and crude oil across the country through their pipelines.
Energy Transfer in the News
In June 2014, Energy Transfer announced the approval of a high-profile project, co-owned in large part by Phillips 66. Also known as the Dakota Access Pipeline, construction of the 1,886 kilometer route received significant media attention for protests towards the end of the Obama administration in 2016. The Bakken pipeline draws crude oil from the shale fields of North Dakota’s Bakken formation, extracted through hydraulic fracturing.
2019 ranking of leading global oil equipment and oil services providers based on revenue
(in billion U.S. dollars)
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Financial Times. (August 14, 2019). 2019 ranking of leading global oil equipment and oil services providers based on revenue (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 17, 2020, from https://www.statista.com/statistics/272713/top-oil-equipment-and-oil-services-providers-based-on-revenue/
Financial Times. "2019 ranking of leading global oil equipment and oil services providers based on revenue (in billion U.S. dollars)." Chart. August 14, 2019. Statista. Accessed February 17, 2020. https://www.statista.com/statistics/272713/top-oil-equipment-and-oil-services-providers-based-on-revenue/
Financial Times. (2019). 2019 ranking of leading global oil equipment and oil services providers based on revenue (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 17, 2020. https://www.statista.com/statistics/272713/top-oil-equipment-and-oil-services-providers-based-on-revenue/
Financial Times. "2019 Ranking of Leading Global Oil Equipment and Oil Services Providers Based on Revenue (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Aug 2019, https://www.statista.com/statistics/272713/top-oil-equipment-and-oil-services-providers-based-on-revenue/
Financial Times, 2019 ranking of leading global oil equipment and oil services providers based on revenue (in billion U.S. dollars) Statista, https://www.statista.com/statistics/272713/top-oil-equipment-and-oil-services-providers-based-on-revenue/ (last visited February 17, 2020)
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