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Leading oil companies worldwide based on daily production 2018

As of 2018, Saudi Arabia's Saudi Aramco was the world's largest oil company based on daily oil production, with an output of some 11 million barrels per day.

Leading oil companies

The oil and gas industry is one of the largest industries worldwide. This sector is involved in exploration, extraction, refining, transport and marketing of these commodities. Many industries are extremely dependent on oil and gas products, mostly in the form of energy fuels or raw materials for chemical products.

Oil and gas companies are among the world’s largest corporations. ExxonMobil and Royal Dutch Shell are among the world’s largest companies in general, with revenues of 279 and 388 billion U.S. dollars, respectively in 2018.

However, these companies are not the top oil producers based on daily production. The largest oil producers are state-controlled companies like Saudi Aramco from Saudi Arabia, NIOC from Iran, and Rosneft from Russia. Saudi Aramco, for example has a daily crude oil production of more than 10 million barrels per day. To compare, ExxonMobil as the largest private-owned oil company (based on market value) has a daily production of some 2.3 million barrels. Globally, total daily oil production tends towards 95 million barrels that year.

Leading oil companies worldwide based on daily production as of 2018

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Sources

Release date

January 2020

Region

Worldwide

Survey time period

2018

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