Which Country Is The Largest Crude Oil Producer In The World As On 2022?

Oil is the world’s primary source of energy, and below we’ll look at the largest crude oil producer in the world as of 2022. Oil companies deliver billions of barrels of petroleum products every day to power transportation and industry. However, the public’s concern about climate change and efforts to reduce carbon-based fuel usage has had little impact. Many of the world’s major oil corporations were making bank once again in 2021 thanks to Covid-19. Looks like the trend won’t be changing for the 2022, as the Russian-Ukranian war of 2022 is raising the prices.10 largest oil producer in the world 2022The 10 largest oil producer (refiners and crude producers) by 12-month revenue are shown below. The list includes companies from the United States, Saudi Arabia, China, the United Kingdom, and France.



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The list, with the exception of Saudi Aramco, comprises only publicly owned firms in the United States or Canada, either directly or via ADRs (ADRs make it possible to buy foreign stocks easily). Some companies report their earnings semi-annually so the numbers may not be recent as all the data gathered is from February 24th, 2022.1. Saudi Arabian Oil Co. (Saudi Aramco) (Tadawul: 2222)Revenue (TTM): $1.3 trillionNet Income (TTM): $330.3 billionMarket Cap: $7.5 trillion1-Year Trailing Total Return: 17.4%Exchange: TadawulAramco is one of the world’s most powerful and profitable corporations in a variety of industries, as well as the world’s largest energy business by revenue. It is the only one on this list not listed in the United States.

Saudi Aramco, having access to world’s second-largest reserves and sole Saudi crude producer, has extensive refining operations in Saudi Arabia as well as the United States, China, Japan, India, and South Korea. A 1.5 percent stake in the firm was offered to the public in 2019’s IPO on the Riyadh’s Tadawul Stock Exchange.2. PetroChina Co. Ltd. (PTR)Revenue (TTM): $367 billionNet Income (TTM): $13 billionMarket Cap: $95.8 billion1-Year Trailing Total Return: 50.7%Exchange: New York Stock ExchangeThe state-owned China National Petroleum Corporation is a leading oil and gas producer in the world. And PetroChina is the exchange-listed unit of the China National Petroleum Corporation, an enterprise with both state and private ownership. PetroChina is a major Chinese corporation founded in 1999 that engages in the exploration, production, and sale of oil, gas, and petrochemical products. It’s one of the biggest oil companies in the world.3.

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China Petroleum & Chemical Corp. (SNP)Revenue (TTM): $353.2 billionNet Income (TTM): $14.3 billionMarket Cap: $62.3 billion1-Year Trailing Total Return: -3.6%Exchange: New York Stock ExchangeChina Petroleum & Chemical is a maker and distributor of various petrochemical and petroleum products. The firm’s products include petrol, diesel, kerosene, synthetic rubbers and resins, jet fuel, and chemical fertilizers. China Petroleum & Chemical Corporation, often referred to as Sinopec, is one of the world’s largest crude oil producer, natural gas, and petrochemical firms.4. Exxon Mobil Corp. (XOM)Revenue (TTM): $280.4 billionNet Income (TTM): $23 billionMarket Cap: $325.4 billion1-Year Trailing Total Return: 47.2%Exchange: New York Stock ExchangeExxonMobil is a multinational energy company that engages in oil and natural gas exploration, production, trading and transportation.

It explores, produces, trades, transports, and sells oil and natural gas. It also plays a role in the production of electricity through coal and mineral processes. Fuel, lubricants, and other petroleum-derived chemicals are just a few of the commodities that Exxon Mobil produces. Exxon Mobil is the second biggest oil firm in the world by market value, trailing only Saudi Aramco.Biggest oil companies deliver billions of barrels of petroleum products every day5. TotalEnergies SE (TOT)Revenue (TTM): $184.6 billionNet Income (TTM): $16 billionMarket Cap: $146.4 billion1-Year Trailing Total Return: 27.5%Exchange: New York Stock ExchangeTotal is a French company that explores and produces oil, natural gas, and low-carbon electricity. In 2012, Exonera also refined and manufactured petrochemical goods. The firm has a presence in Europe, the United States, and Africa.

The company, like the rest of the sector, also refines and produces petrochemical commodities. The firm owns and runs gas stations throughout Europe, the United States, and Africa. Total is like most of its major competitors, it’s also an integrated energy company that takes part in all phases of the oil and gas business, from exploration to sale.6. BP PLC (BP)Revenue (TTM): $157.7 billionNet Income (TTM): $7.6 billionMarket Cap: $101.6 billion1-Year Trailing Total Return: 34.6%Exchange: New York Stock ExchangeBritish petroleum, the giant BP is involved in oil and petrochemical exploration, production, and distribution.

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The firm refines and sells petroleum chemicals such as acetic acid, ethylene, polyethylene, and terephthalic acid. BP also generates solar power for sale.7. Chevron Corp. (CVX)Revenue (TTM): $155.6 billionNet Income (TTM): $15.6 billionMarket Cap: $261.3 billion1-Year Trailing Total Return: 42.8%Exchange: New York Stock ExchangeChevron is an integrated oil firm that engages in both upstream and downstream operations.

The upstream division is involved in the exploration and production of oil and natural gas, while downstream operations cover refining, transportation, and marketing. Chevron is also involved in chemical and mining operations as well as non-energy activities such as technological research.8. Marathon Petroleum Corp. (MPC)Revenue (TTM): $120 billionNet Income (TTM): $9.7 billionMarket Cap: $46.6 billion1-Year Trailing Total Return: 40.7%Exchange: New York Stock ExchangeMarathon is a firm that specializes in the conversion of crude oil into various types of refined products. The firm refines and distributes petroleum products throughout the United States.

Marathon is the owner or leaseholder of thousands of miles of petroleum pipelines. Marathon sold the Speedway retail chain to Japan’s Seven & i Holdings, the owner of 7 Eleven, for $21 billion in 2021. It’s one of the biggest oil companies based in the U.S.9. Valero Energy Corporation (VLO)Revenue (TTM): $114 billionNet Income (TTM): $930 millionMarket Cap: $35.3 billion1-Year Trailing Total Return: 19.9%Exchange: New York Stock ExchangeValero is a major crude refiner in the United States, with 12 refineries located mainly on the Gulf Coast, in Canada and the United Kingdom. It also runs fuel pipelines, terminals, and 12 ethanol plants.10. Phillips 66 (PSX)Revenue (TTM): $111.5 billionNet Income (TTM): $1.3 billionMarket Cap: $36.8 billion1-Year Trailing Total Return: 2.8%Exchange: New York Stock ExchangeU.S. based refiner Phillips 66 operates 13 refineries in the U.S. and Europe alongside fuel pipelines and storage facilities.

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While not challenging the biggest oil companies, it has a 50% stake in chemicals venture with investments in nearly 30 different facilities throughout the globe and two research centers in the U.S.Top 10 oil producing countriesThe quantity of crude oil (measured in barrels) that a country’s oil industry has extracted from the ground and filtered for inert matter or impurities within a specified length of time is known as crude oil production. Crude oil is a complex mixture of hydrocarbons extracted from the ground’s vegetation, which are generally decayed prehistoric plant material.

It comes in a variety of colors, ranging from yellow to black and has extremely diverse densities and viscosities.Gasoline, jet fuel, diesel, and heating oils are all refined from crude oil to produce the majority of the world’s petroleum. This makes crude oil unquestionably one of the most essential natural resources in today’s world. Heavy oil products, such as asphalt for roads and lubricating oils like petroleum jelly for soaps and detergents, are made from crude oil.Despite possessing less total oil reserves than giants like Saudi Arabia and Venezuela, the United States surpassed Russia and Saudi Arabia to become the world’s most prolific crude oil producer in 2018 and it keeps the trend going for 2022. United States11,567,000 Russia10,503,000 Saudi Arabia (OPEC)10,225,000 Canada4,656,000 Iraq (OPEC)4,260,000 China3,969,000 Iran (OPEC)3,110,275 United Arab Emirates (OPEC)2,954,000 Brazil2,852,000 Kuwait (OPEC)2,610,000Top 10 oil reserves by country by world shareVenezuela – 18.2%Saudi Arabia – 16.2%Canada – 10.4%Iran – 9.5%Iraq – 8.7%Kuwait – 6.1%United Arab Emirates – 5.9%Russia – 4.8%Libya – 2.9%Nigeria – 2.2%

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