Some of the 2019 major oil companies (supermajor and state entities) are listed below and ranked by their annual revenue: In 2018, the United States consumed over 20.5 million barrels of petroleum per day. "2020 ranking of leading global oil equipment and oil services providers based on revenue (in billion U.S. Released weekly and free to access, the rig count provides a good reading on drilling activity, allowing investors to gauge if new wells are being brought online. Halliburton’s core business speciality is the Energy Services Group (ESG). North Sea: UK government revenue 2008-2020, Projected production and demand of oil in the United Kingdom (UK) 2020-2035, Oil production in the United Kingdom (UK) 2003-2019, Employment in the offshore oil and gas industry in the United Kingdom (UK) 2019. Other oil companies are looking toward the future when and know there will be a new run-up in prices. Your Guide to Oil and Gas Companies and How They Work, Oil and Gas Tax Breaks: Why Investing in Oil Is the Right Move, significant profits when oil prices rebound, China National Petroleum – $324 billion in 2018, British Petroleum (BP) – $303.7 billion in 2018, Upstream – exploration and production companies, Midstream – transportation and storage of oil and gas companies, Downstream – refined and market petroleum products. Cutting-edge solutions for reservoir characterization, drilling, production & processing. There’s no getting around it, that truth in the oil and gas industry still resonates today. Schlumberger took a $12.7 billion impairment charge related to its North American business, a rather dramatic write-down. Oilfield service companies feeling the strain of shale’s collapse By David Wethe on 4/16/2020 HOUSTON (Bloomberg) --No one is feeling the pain of an oil collapse more than the shale producers. Oilfield services companies and operators are deferring investment in new projects to mitigate the impact. Then you can access your favorite statistics via the star in the header. 97. That led to an $11.4 billion loss for the quarter, the largest in the company’s history. Downstream companies profit on the difference between what it cost to produce a barrel of oil and how much that barrel sells for. In September 2019 the drilling companies who were winners were Patterson-UTI, Nabors Industries, and Helmerich & Payne. Although the oil and gas sector is used to the highs and lows of economic and price cycles, this downturn seems unlike any other. The global oilfield services market is forecasted to reach USD 171.7 billion in 2025 from USD 135.1 billion in 2019… Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). There are tried and true financial methods in helping you with obtaining financing. In the list, notable subsidiary companies and divisions are listed as sub-lists of their current parent companies. But, there are educated observations. Oil-field service companies who were the top titans were Halliburton, Schlumberger, and National Oilwell Varco. Accessed March 14, 2021. https://www.statista.com/statistics/272713/top-oil-equipment-and-oil-services-providers-based-on-revenue/, Financial Times. I've served as a consultant to the energy industry in North America, Asia and Africa. Please authenticate by going to "My account" → "Administration". These oil companies are capturing new oil resources throughout the year. dollars)." The broader mining sections are the companies and contractors that provide support services to major company players. These company titans generate their cash flow on fee-based contracts or tariffs. It employs 50,000 people and operates across 70 countries. What the world’s largest provider of oilfield services has to say about innovation and regulation Click To Tweet. The guide below is to help impart knowledge on who are the top 10 oil companies of 2019? Back in 2017, the Oil and Gas industry witnessed the birth of a new giant player regarding oilfield service providers. The world consists of some very large oil reserves and the US reserves while impressive shares some of the stage with other countries. Oil-field service companies who were the top titans were Halliburton, Schlumberger, and National Oilwell Varco. Every week brings oil and gas stability or volatility. You need a Single Account for unlimited access. Oilfield services sector is considered to be an essential partner for the oil exploration and production companies. 2020 ranking of leading global oil equipment and oil services providers based on revenue (in billion U.S. dollars) [Graph]. Statista. Global headlines have announced the acquisition of Baker Hughes by GE Oil & Gas. Investor Alert: Oilprice.com has released its Top 50 Oil & Gas Companies Report for 2019. Their attraction to investors is there is limited risk no matter how volatile the market. New oilfields and reserves were discovered across the globe in almost every region in 2016. In 2019/2020, Energy Transfer (U.S.) generated 52.72 billion U.S. dollars in revenues, the highest amount of any oil equipment and services provider worldwide. When you can get the capital you need as an independent producer with current production, you have the financial cushion you need to grow and develop. More importantly, what do you need to pay attention to as an investor or producer? The world’s Top Oil Companies that we stated earlier are Exxon, ConocoPhillips, And the Chevron. The upstream exploration and production companies were Devon Energy, Marathon Oil Corporation and ConocoPhillips. Financial Times. After a disastrous 2016, oilfield service companies reported a rebound in revenues in 2017 as increases in oil prices and capital investment resulted in a significant bump in field activity. New, Figures and insights about the advertising and media world, Industry Outlook The top 10 are: Most income investors love oil and gas midstream companies because of their generous dividends. Since then they’ve been at the forefront of innovation and have now fractured over a million wells in the USA alone. Precision Drilling Corporation Precision is an oilfield services company and Canada’s largest drilling rig contractor, with over 240 rigs in operation worldwide. Overall, the companies listed below are considered the major oil companies in the world today. In recent times, Oil Companies In the US are on the list of Largest Oil Companies By Production because various oil and Gas Companies in America are contributing to this growth index. This is a significant drop from nearly $28 million the oilfield services company reported in 2019. The company was founded in 1981 and is … But it takes investments to get where you need to go so you can start making a profit. The company’s largest unsecured creditors include American Express, which is owed more than $439,000, Bestway Oilfield of Channelview, Texas, owed nearly $271,000 and Meyer Service Co. of Corpus Christi, Texas, owed more than $198,400. In September 2019 the drilling companies who were winners were Patterson-UTI, Nabors Industries, and Helmerich & Payne. and over 1 Mio. World Top Oil Field Services Companies by Market Value as on 2020, World Largest Oil Field Services Companies by Market Value as on 2020. Liberty Oilfield Services, Inc. engages in the provision of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. ", Financial Times, 2020 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 March 14, 2021), 2020 ranking of leading global oil equipment and oil services providers based on revenue, Crude oil production share of European oil-producing nations 2019, United Kingdom - crude oil production and trade, Crude oil production in the United Kingdom (UK) 2010-2019, Indigenous crude oil and NGLs production in the United Kingdom (UK) 2010-2020, Gross revenue of the United Kingdom Continental Shelf (UKCS) 1971-2018, Productivity of United Kingdom Continental Shelf 2010-2018, Number of wells on United Kingdom Continental Shelf 2010-2018, by type, United Kingdom Continental Shelf's capital expenditure 2014-2020, Operating costs of the United Kingdom Continental Shelf 2010-2018, Unit operating costs of the United Kingdom Continental Shelf 2010-2018, Supply of gas from the UKCS in Great Britain (GB) 2015-2019, Undeveloped resources discovered on the UKCS 2018, by break-even oil price, Forecasted production growth of UKCS after transfer of ownership 2018-2030, Costs of oil platform decommissioning on the UKCS 2010-2020, North Sea oil well decommissioning forecast UK 2019-2028, North Sea: forecast weight of decommissioned structures for removal 2019-2028, North Sea: forecast tonnage to be brought ashore 2017-2025, Enterprises in the crude petroleum and natural gas extraction industry UK 2008-2017, UK: turnover of the crude oil & natural gas extraction industry 2008-2017, Number of oil & gas extraction companies in the UK in 2020, by turnover, Number of oil & gas extraction enterprises in the UK in 2020, by employment size, Employment in the crude petroleum and natural gas extraction industry UK 2008-2017, Global ranking of oil equipment and oil services providers based on employees 2020, Leading oil equipment and oil services providers worldwide based on market cap 2020, Weatherford International's total assets 2007-2019, Scheduled newbuild vessels for subsea construction worldwide by contractor 2015-2017, Scheduled newbuild vessels for subsea construction worldwide by category 2015-2017, National Oilwell Varco's employment figures 2011-2020, Volume of tubing and drill pipe casings exported by the UK 2011-2017, New and planned pipelines worldwide by region as of 2017, Distribution of new and planned pipelines worldwide by region 2017, U.S. value of shale oil and gas M&A deals by shale play 2019, 2020 ranking of leading global oil equipment and oil services providers based on revenue (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, shale fields of North Dakota’s Bakken formation. 12. Schlumberger and Halliburton's international businesses performed well in … We now know how much petroleum the US consumes per day as well as who the major public and private oil companies are in the world. More importantly, we have the funding and experience you need from the investment company that wants to see you as the next petroleum company titan. The company support service players are those in oil, gas, and other mining extractions. Oil sales are projected to rise to one million barrels each year through 2030. Almost everything in our world today in some way, shape, or form is related to energy or energy products. Shares Print This Story. GN Solids Control is a leading manufacturer for drilling mud system with location in Beijing, China and Houston, USA. The global oilfield services market size was USD 267.82 billion in 2019 and is projected to reach USD 346.45 billion by 2027, exhibiting a CAGR of 6.6% during the forecast period. Some investors start reconsidering their holdings. "2020 Ranking of Leading Global Oil Equipment and Oil Services Providers Based on Revenue (in Billion U.S. You only have access to basic statistics. There are more than 200 oil and gas companies in the world today. Who is the John Paul Getty of Getty’s Oil in the marketplace today? Struggling oilfield service company Weatherford International had a large booth the at the Offshore Technology Conference on Wednesday, May 8, 2019. The leading companies and service providers to adopt digital oilfield technologies of the digital oilfield concept, according to GlobalData, are: BP. TAFE SA TONSLEY/Flickr . would expect to be able to achieve higher rates of utilization for their assets and therefore better return on capital employed than could an E&P company limited by their own inventory. That level of consumption is 22% of the world’s total petroleum consumption. An interview with Drew Pomerantz of Schlumberger, the world’s largest provider of oilfield services, about what new methods and technologies are available to … The upstream exploration and production companies were Devon Energy, Marathon Oil Corporation and ConocoPhillips. Please create an employee account to be able to mark statistics as favorites. Petrofac – $5.83bn. In, Financial Times. This is a list of oilfield service companies – notable companies that provide services to the petroleum exploration and production industry but do not typically produce petroleum. Some of the best oil and gas companies in the world to invest in are low-cost upstream companies. This is a list of oilfield service companies – notable companies that provide services to the petroleum exploration and production industry but do not typically produce petroleum. The ideal entry-level account for individual users. We have the answers to the questions you want to ask. 11 bankruptcy filings of oilfield services companies, also tracked by Haynes and Boone since 2015, more than 500 bankruptcies have been filed in the North American oil and gas industry. As a Premium user you get access to the detailed source references and background information about this statistic.
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