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THE WORLDS BIGGEST OIL & GAS COMPANIES

& THE INDUSTRY GIANTS WHO LEAD THEM


Sumit Dutta
November 2013

INTRODUCTION

SAUDI ARAMCO

GAZPROM

NIOC

EXXONMOBIL

10

ROSNEFT

12

SHELL

14

PETROCHINA

16

PEMEX

18

CHEVRON

20

KUWAIT PETROLEUM COMPANY

22

BP

22

THE TOP 11 BY THE NUMBERS

26

SOCIAL OIL & GAS

27

SOURCES

28

ABOUT OIL & GAS IQ

30

Published By

The world relies on the Oil & Gas industry.


According to the US Energy Information Association,
America alone consumed a total of 6.87 billion barrels
(18.83 million barrels per day) in 2011.
This represents approximately 22% of total world
petroleum consumption.
But who are the key players in the oil and gas industry?
In recent years the traditional super majors have seen
stiff competition from the growing number of National
Oil Companies state owned entities that are
increasingly seizing sole rights to major oil reserves.
In this eBook we count down the eleven biggest oil and
gas companies in the world ranked by the volume of oil
and natural gas equivalent produced every day and take
a closer look at the visionaries who lead them.

Sumit Dutta
Oil & Gas IQ

November 2013

visit www.OilandGasIQ.com

The Worlds Biggest Oil& Gas Companies

1
KHALID A AL-FALIH
President & Chief Executive Officer

Saudi Aramco
BPD
12.7 million
(Barrels of Oil & Natural Gas Equivalent Per Day)
Founded
1933
Headquarters Dhahran, Saudi Arabia
State Owned? Yes
CEO
Khalid A. Al-Falih
Revenue
US$ 356 Billion
Employees
56,066 (2011)

Saudi Arabias national oil and gas company is widely


viewed as the most valuable company in the world
with an estimated value of $10 trillion and generates
over $1bn every day in revenues.
The company was initially founded in 1933 by Standard
Oil of California (SoCal) as California-Arabian Standard
Oil Co. Over the years the Saudi government gained an
increasingly shareholding share until 1988 when it took
full control of the company and rebranded from to
Aramco (Arabian American Oil Company) to Saudi
Aramco (Saudi Arabian Oil Company). Since then the
company has gone from strength to strength.
Saudi Aramco has an impressive number of firsts
including the worlds largest cruse oil reserves, the
largest daily production of oil, the worlds largest
hydrocarbon network, and ownership of the Ghawar
field, the worlds largest oil field.
In addition to domestic refineries, Saudi Aramco also
has interest in international refineries in Korea, Japan,
the US and China.

Learn More

http://bit.ly/I7UnLD
Root Cause Analysis: Defined by Saudi Aramco

Al-Falih holds a BSc in mechanical engineering from


Texas A&M University and an MBA from the King Fahd
University of Petroleum and Minerals.
Khalid A. Al-Falih was appointed president and CEO in
2009. Under Al-Falihs, the company manages the
world's largest proven oil reserves, and is the worlds
largest producer exporter of crude oil.
A veteran of Saudi Aramco for his entire three decade
career, Al-Falih served in key leadership positions
including executive vice president for Operations,
senior vice president of Gas Operations and Industrial
Relations, president of Petron Corporation (a joint
venture between Saudi Aramco and the Philippine
National Oil Company) and he was the first head of
Saudi Aramcos New Business Development unit.
He is a well-known advocate for higher education in
Saudi Arabia. Since 2008, he has served as a founding
member of the Board of Trustees of the King Abdullah
University of Science and Technology.
He is also a member of the Asia Business Council and
J.P. Morgan International Council. He also serves on the
Saudi Arabian Supreme Council of Petroleum and
Mineral Affairs.
Al-Falih is involved in social programs, and served as
chairman of Dammam City Municipal Council. His board
memberships include the Technical and Vocational
Training Corp, the Prince Sultan Bin Abdul Aziz Fund for
Supporting Small Business Projects for Women, and the
Eastern Province Society for the Handicapped.

DID YOU KNOW?


Saudi Aramco is the only private organization the FAA
allows to own and operate its own airports.

visit www.OilandGasIQ.com

The Worlds Biggest Oil& Gas Companies

HIGH FLYERS: SAUDI ARAMCO OPERATE THEIR OWN AIRLINES AND AIRPORTS

2
ALEXY MILLER
Deputy Chairman of the Board of Directors, Chairman
of the Management Committee

Gazprom
BPD
Founded
Headquarters
State Owned?
Key Personnel
Revenue
Employees

8.1 million
1989
Moscow, Russia
Yes
Viktor Zubkov (Chairman)
Alexei Miller (VC &CEO)
US$ 158.1 Billion (2011)
393,000

Miller graduated from Voznesensky Leningrad Finance


and Economics Institute and holds a PhD in Economics.
Upon graduation, Alexey Miller was engineer economist
at the General planning division of Leningrad Civil
Construction Research and Design Institute.

Another national oil company (NOC),


Russias Gazprom is the second largest oil and gas
company by production volume.

He has a long history of working in the energy sector


including the role of Deputy Energy Minister of the
Russian Federation. He has been Chairman of the
Management Committee of Gazprom since 2001 and
Deputy Chairman of the Board of Directors since 2002.

The company, whose name is a contraction of Gazovaya


Promyshlennost meaning "gas industry", formed in
1989 when the Ministry of Gas was transformed into a
corporation and later privatised in 1993.

Miller has also been awarded several prestigious


honours including Order of the Hungarian Republic
Cross for the services in the energy cooperation sector
and the Order of Merit of the Italian Republic.

Although a private company, the majority of the


company is owned by the Russian government.

DID YOU KNOW?

Following major reforms initiated by President Vladimir


Putin, the company saw a shift in management
personnel and policy and later sales by its major
subsidiaries resulted in the Russian government gaining
the controlling share in the company.
The company is largest producer of natural gas
worldwide and is one of the most important companies
to the Russian economy and in 2008 represented 10%
of the national GDP.
Gazprom is also a media powerhouse and its subsidiary
Gazprom Media owns NTV, the only state independent
national network in Russia.

Learn More

http://bit.ly/1doipQA
Russias Impact on the Asia Pacific Oil Market

visit www.OilandGasIQ.com

Gazprom loves sports! The company is the owner of


football club Zenit St. Petersburg and sponsors of
Schalke 04, Red Star Belgrade, Russian professional
cycling team Team Katusha, the UEFA Champions
League and UEFA Super Cup.
In September 2013, Gaxprom signed on as an official
FIFA partner from 2015 up to and including the FIFA
World Cup 2018 to be held in Russia.

The Worlds Biggest Oil& Gas Companies

HULK SMASH! GAZPROM SPONSOR A NUMBER OF FOOTBALL TEAMS


INCLUDING FC ZENIT SAINT PETERSBURG

3
BIJAN NAMADAR ZANGENEH
Petroleum Minister

National Iranian
Oil Co (NIOC)
BPD
Founded
Headquarters
State Owned?
Key Personnel
Revenue
Employees

6.1 million
1948
Tehran, Iran
Yes
Bijan Namadar Zangeneh (MP)
Roknoddin Javadi (MD)
US$ 85 Billion (2010)
41,000 (2011)

Bijan Namdar Zangeneh was appointed Irans


petroleum minister in 2013. In the same year he was
also made head of Gas Exporting Countries Forum
(GECF).
Kermanshah born Zangeneh holds an MSc in civil
engineering from University of Tehran and is a noted
Iranian politician, who has served as energy minister
and minister of petroleum under multiple cabinets.

ROKNODDIN JAVADI
Managing Director

The third largest oil and gas company is the National


Iranian Oil Co.
The company that was to become BP, AICO (AngloIranian Oil Company), initially owned rights to all
Persian oil resources. However they were ousted when
the Iranian oil industry was nationalised resulting in the
formation of the NIOC in 1951.
This meant the NIOC had exclusive rights to all Iranian
extraction, exploration, transportation and exportation
of crude oil, and all natural gas / LNG sales.
Remarkably the NIOC remains a major oil and gas
producer despite international sanctions targeting oil
revenues in an effort to stop Irans nuclear programme.
Its thought that some nations have been purchasing oil
from Iran with Gold to bypass sanction regulations.
Iran has threatened to close the Strait of Hormuz in
retaliation for U.S. and European sanctions which could
lead to a spike in oil prices globally.
The UAE in response is looking to the Fujairah Terminal
located on the Gulf of Oman as opposed to the Persian
Gulf, theoretically a perfect position to sidestep the
diplomatically tense chokepoint.

visit www.OilandGasIQ.com

The MD is Roknoddin Javadi who in the past served as


the managing director of the National Iranian Gas
Exports Company (NIGEC) and director of Evic
Company, one of the Iranian oil and gas industries key
contractors.

DID YOU KNOW?


The NIOC is currently contesting Saudi Aramco over the
name of the Arabian Gulf which it believes should be
referred to as the Persian Gulf.

Learn More

http://bit.ly/1iB0FBg
EU Gets Tough on Iran: A Look at the New
Sanctions for the Oil and Gas Industry

The Worlds Biggest Oil& Gas Companies

CHOKEPOINT: THE STRAIT OF HORMUZ

4
REX TILLERSON
Chairman and Chief Executive Officer

ExxonMobil
BPD
Founded
Headquarters
State Owned?
CEO
Revenue
Employees

5.3 million
1999
Texas, United States
No
Rex W. Tillerson
US$ 453.123 Billion (2012)
76,900 (2012)

At position four is ExxonMobil, the largest nongovernment owned oil and gas company.
The company was formed in 1999 following the merger
of Standard Oil descendants Exxon and Mobil in a
$73.7 billion deal, the biggest merger in US corporate
history.
Understanding the value of local branding, ExxonMobil
markets it products under the names Exxon, Mobil, and
Esso.
The company produces approximately 3 percent of the
world's oil and 2 percent of the world's energy.
Their public profile took a hit when the 1989 Exxon
Valdez incident cast a negative spotlight on the oil and
gas industry.

Tillerson holds a Bachelor of Science degree in civil


engineering at the University of Texas where he was
named a distinguished alumnus in 2007.
In 1975 he joined Exxon as a as a production engineer
and then went to on to become general manager of
Exxon Company U.S.A.s central production division.
Rising through the ranks, Tilelrson was made SVP
president of ExxonMobil Corp in 2001, and elected
president of the corporation and member of the board
of directors in 2004. In 2006 he assumed his current
position of Chairman and Chief Executive Officer.
Tillerson is a member of the executive committee and a
former chairman of the American Petroleum Institute.
He is also a member of the National Petroleum Council,
Society of Petroleum Engineers Business Roundtable,
Business Council, and Emergency Committee for
American Trade. In 2013, Tillerson was elected to the
National Academy of Engineering.
Outside of his work at in the energy industry, Tillerson is
also vice-chairman of the Fords Theatre Society and
was a former director of the United Negro College
Fund.

DID YOU KNOW?

Although number four in terms of oil production,


ExxonMobil is the holder of perhaps an even more
impressive title - that of the worlds largest company by
revenue.
This year the company also become the worlds largest
publicly traded company by market capitalisation.

Learn More

http://bit.ly/17OQxTe
The World Energy Outlook to 2040
According to ExxonMobil

visit www.OilandGasIQ.com

CEO Rex Tillerson was inducted into the Eagle Scout


Hall of Fame in 2009 and was appointed as the National
President of the Boy Scouts of America in 2010.

The Worlds Biggest Oil& Gas Companies

THE BOSS: EXXONMOBILS REX TILLERSON

5
2011 saw a major joint venture between Rosneft and
ExxonMobil, to conduct exploration and extracting on
the Black Sea shelf. The Tuapse Trough was estimated
to contain 7.2 billion barrels of oil equivalent.

ROSNEFT
BPD
Founded
Headquarters
State Owned?
President
Revenue
Employees

4.6 million
1993
Moscow, Russia
Yes
Igor Sechin
US$ 102 Billion (2012)
106,000

Rosneft is a Russian, state owned NOC. The company


was formed in 1993 from assets previously held by
Rosneftegaz, the successor to the Soviet Union's
Ministry of Oil and Gas. Currently the state holds
69.50% in Rosneft.
In 1995 Rosneft was turned into an open joint stock
company. Plans to privatise the company in the late 90s
never materialised.
Rosneft operates in key regions of Russia: Western
Siberia, Southern and Central Russia, Timan-Pechora,
Eastern Siberia, Far East and is involved in exploration
projects in Kazakhstan and Algeria and has stakes in
four Germany refineries through Ruhr Oel GmbH.
The company was set to merge with Gazprom in 2005
but this was scrapped - allegedly because then
president Sergey Bogdanchikov would not take a
deferential role to Gazprom CEO Alexei Miller.
Rosneft ran one of the largest IPOs in history in 2006.
The IPO raised $10.7 billion (including over $1 billion
from oligarch Roman Abramovich) and Rosneft was
valued at $79.8 billion. Financier George Soros was
against the IPO and called for a boycott on ethical
grounds, and Andrei Illarionov, called the deal "a crime
against the Russian people," as none of the proceeds
went to the state budget.

visit www.OilandGasIQ.com

Rozneft and BP were set to complete a partnership to


develop the East-Prinovozemelsky field on the Russian
arctic shelf. The deal was not completed as BP's Russian
partners in the TNK-BP joint venture, AAR, claimed the
deal breached their own contract with BP which
stipulated their partnership would be the principal
venture for BP's Russian oil and gas operations.
However in 2013, Rosneft completed a deal to acquire
TNK-BP. As part of the deal BP divested its stake for
$12.3 billion and 18.5% of Rosneft's share, while AAR
received $28 billion.

IGOR SECHIN
Chairman

Sechin graduated from Leningrad State University in


1984 and holds a PhD in Economics.
He has held the following roles: Deputy Head of the
Executive Office of the President of the Russian
Federation, Aide to the President of the Russian
Federation and Deputy Prime Minister of the Russian
Federation.
In May 2012 he was appointed President of Rosneft and
Chairman of Rosnefts Management Board. Sechin also
serves on the boards of a number of companies
including TNK-BP Limited. Sechin holds 9 million Rosneft
shares (0.085% of the share capital).

DID YOU KNOW?


As well as being one of the world's super producers, the
Russian giant also works with the World Chess
Federation to support their Chess in Schools
Programme helping children to develop skills and
maybe find the next Grand Master!

Learn More

http://bit.ly/1aMgQrh
Shale Gas, Putin's Russia, China And The Arctic Trends And Events In 2013
The Worlds Biggest Oil& Gas Companies

POWER PLAY: RUSSIAN PRESIDENT VLADIMIR PUTIN FLANKED BY


BP CEO BOB DUDLEY AND ROSNEFT PRESIDENT IGOR SECHIN
ROSNEFT ACQUIRED TNK-BP IN 2013

6
PETER VOSER & BEN VAN BEURDEN
Ingoing and Outgoing CEO

In 2013 Shell announced current CEO Peter Voser will


retire from the company in 2014
Voser has been CEO of Shell since 2009. Prior to that he
was CFO and an Executive Director.

Royal Dutch Shell


BPD
Founded
Headquarters
State Owned?
CEO
Revenue
Employees

4 million
1907
The Hague, Netherlands
No
Ben Van Beurden (in 2014)
US$ 467.153 Billion (2012)
87,000 (2012)

The seventh oil and gas company on the list is the


super major more commonly known as Shell.
The company was founded in 1907 following the
merger of the Royal Dutch Petroleum Company and
the UKs "Shell" Transport and Trading Company Ltd.
Thanks to its distinctive logo and subsidiary Shell Oil
Companys many service stations, Shell is one of the
most well known oil and gas companies in the world.
The Shell name and logo is tied to the "Shell" Transport
and Trading Company - its founders father having
originally created a business selling sea shells to
collectors.
An Anglo-Dutch company, Royal Dutch Shells revenue
is equivalent to 84% of the Netherlands's GDP time.
In 2012 Shell was took the top spot as the biggest
company on the FTSE, with a 140.9 billion market
capitalisation. The company also topped Fortune 500s
Global 500 their annual ranking of the worlds largest
corporations.

Learn More

http://bit.ly/Ik0KuB
Peter Voser: The Rollercoaster Of Oil Prices

visit www.OilandGasIQ.com

Voser holds a degree in business administration from


the University of Applied Sciences, Zrich. He joined
Shell soon after in 1982. Since then he has occupied a
number of roles at Shell and at other companies
including the position of CFO and an Executive
Committee Member of the ABB Group of Companies.
Since March 2013, Peter has been chair of the Board of
Directors of Catalyst, a non-profit that works to build
inclusive environments and opportunities for women in
business. In 2011, he was appointed to the Board of
Directors of Roche.
Voser is also a member of the European Round Table of
Industrialists and The Business Council. In 2011, Sultan
of Brunei awarded Voser the title of Dato Seri Laila Jasa
in recognition of his services to the state of Brunei.
Swiss Voser, earned 7.8m including bonuses in 2012.
Vosers replacement was hotly contested and in July
2013 it was announced Ben van Beurden will assume
responsibilities as CEO from 2014.
Van Beurden holds a Masters Degree in Chemical
Engineering from Delft University of Technology, the
Netherlands and joined Shell in 1983.
Following a number of operational and commercial
roles, including 10 years in LNG, he was made VP,
Manufacturing Excellence. In 2006, he was appointed
EVP, Chemicals. In 2013 become a member of Shells
Executive Committee and served as Downstream
Director for Europe and Turkey.

DID YOU KNOW?


Shell was the first company in the Netherlands to
purchase and use an electronic computer.

The Worlds Biggest Oil& Gas Companies

LEGACY: THE SHELL LOGO IS BASED ON A SEA SHELL


AS A HOMAGE TO THE COMPANYS ORIGINS

7
ZHOU JIPING
Chairman

PetroChina
BPD
Founded
Headquarters
State Owned?
Key Personnel
Revenue
Employees

3.9 million
1999
Dongcheng District, Beijing, China
Yes
Zhou Jiping (Chairman)
CN 2.003 Trillion (2011)
552,810 (2011)

The fifth oil and gas company on the list is China's


biggest oil producer and the listed arm of state-owned
China National Petroleum Corporation (CNPC).
In addition to being the second largest company in the
world in terms of market capitalization, PetroChina is
also the most profitable company in Asia and the
biggest employer in the top ten with over half a million
employees.
Unfortunately PetroChinas image was rocked by a 2005
chemical spill which left 5 dead and 60 people injured.
In addition to this CNPCs subsidiary Sinopecs links to
Sudan has seen a number of multinational organisations
seeking to avoid controversy divesting in the
organisation.

visit www.OilandGasIQ.com

Jiping holds a masters degree and is a professor-level


senior engineer.
With almost 40 years of working experience in Chinas
petrochemical industry he has held roles in the
International Exploration and Development
Cooperation Bureau of CNPC, CNODC, China National
Oil & Gas Exploration and Development Corporation,
International Exploration and Development
Cooperation Bureau of CNPC.
In 2013 Jiping was appointed as the Chairman and
President of the Company and Chairman of CNPC.

DID YOU KNOW?


PetroChinas flower-shaped logos colours match
Chinas national flag, and its ten petals represent the
companys core businesses.

Learn More

http://bit.ly/1c9X8VT
Chinas Energy Future: How The Middle
Kingdom Learned To Love LNG

The Worlds Biggest Oil& Gas Companies

EVOLUTION: PETRO CHINA IS HEADQUARTERED IN BEIJING


HOME OF THE BEIJING NATIONAL STADIUM AKA THE BIRDS NEST

8
EMILIO LOZOYA AUSTIN
Chief Executive Officer

Pemex
BPD
Founded
Headquarters
State Owned?
CEO
Revenue
Employees

3.6 million
1938
Mexico City, Mexico
Yes
Emilio Lozoya Austin
US $128.671 Billion (2012)
138,215 (2011)

Pemex aka Petrleos Mexicanos (Mexican Petroleum)


is the Mexican state-owned petroleum company.
Founded in 1938 after the nationalisation of the
petroleum industry which removed all private foreign
and domestic companies, Pemex is now the world's
second largest non-publicly listed company by total
market value.
Pemex can also claim to being the biggest company in
Mexico and Latin America, and also Mexicos most
important fiscal contributor.

Austin holds a BA in Economics and a BA in Law. In


addition to this he also holds an MA in International
Development and Public Administration from Harvard
University.
Austin has held a number of positions within the
finance sector including roles at the Central Bank of
Mexico and Inter-American Investment Corp. H
is expertise in finance has also seen him participate in
the World Economic Forum Annual Meeting, and he is
the author of several studies on monetary policy,
housing markets, public policy efficiency, IT education
and electoral systems.
He also co-founded TerraDesign which supports social
housing in Senegal and Mexico.

Mexicos new President, Enrique Pena Nieto, has


stressed the need to reform Pemex to allow foreign
investment.

DID YOU KNOW?

This may assist in increasing production in Mexico's


biggest field, Cantarell, which has dropped from 2
million barrels per day by approximately 65%.

Pemex is actively fighting the illegal fuel market and has


set up hotlines that the public can use anonymously to
tip off fraudulent fuel crime.

Sadly, two recent explosions at Pemex facilities in 2012


and 2013 left 66 people dead and over 170 injured.

visit www.OilandGasIQ.com

Learn More

http://bit.ly/18doqgX
Growing a Business Focused on Exploration
and Extraction of Latin American Reserves

The Worlds Biggest Oil& Gas Companies

VISION: PEMEXS EMILIO LOZOYA AUSTIN HOPES NIETOS ENERGY


REFORMS WILL GIVE PEMEX A SHOT IN THE ARM

9
The company is also largest producer of geothermal
energy. Chevron has also slashed its own energy usage
by more than 30% since 1992 by utilising alternative
energy platforms including hydrogen fuel and solar
panels at its facilities.
In 2010 the company acquired Atlas Petroleum for $4.3
billion to make inroads in the lucrative Marcellus and
Utica shale plays.

JOHN S WATSON
Chairman and Chief Executive Officer

Chevron
BPD
Founded
Headquarters
State Owned?
CEO
Revenue
Employees

3.5 million
1984
California, USA
No
John S. Watson (Chairman & CEO)
US$ 241.909 Billion (2012)
62,000 (Dec 2012)

Another super major, the Chevron Corporation is


America's third largest corporation according to the
Fortune 500. It was named the worlds 16th largest
public company by Forbes Global 2000.
The company was founded in 1984, but its origins can
be traced as far back to 1879 when the Pacific Coast Oil
Company was formed. This company was acquired by
Standard Oil Co (part of its parent corporation
Standard Oil) who then later rebranded the subsidiary
to SoCal. This is when it launched the name Chevron for
some of its product lines. In 1984 when Gulf Oil and
SoCal merged, it was decided the new company would
be rebranded as Chevron.
In 2000, Chevron bought Texaco in a $45 billion deal
which created the US second-largest oil company and
the worlds fourth-largest publicly traded oil company.
The company has had many different brands under its
umbrella including: Chevron, Standard Oil, Texaco,
Caltex, Unocal, Star Mart, Extra Mile, Redwood
Market, Town Pantry, Delo, Havoline, Revtex, Ursa,
Techron and Caltex.
Chevron is also distinguished by its environmentally
track record and achieved the highest score for an
American oil and gas company investing in alternative
energy sources and setting emission reduction targets.

visit www.OilandGasIQ.com

John S. Watson is chairman of the board and CEO of


Chevron Corporation, a position he has held since 2010.
California born Watson Watson holds a degree in
agricultural economics from the University of California
at Davis and a MBA from the University of Chicago.
Following his studies he joined Chevron as a financial
analyst in 1980. He was elected president of Chevron
Canada Limited in 1996, and a VP of the corporation in
1998. Two years later became the corporation's CFO
following the Texaco merger.
Watson is also a member of the board of directors and
the executive committee of the American Petroleum
Institute. He is also a member of the National
Petroleum Council, the Business Council, the Business
Roundtable, the J.P. Morgan International Council, the
American Society of Corporate Executives and the
University of California Davis Chancellor's Board of
Advisors.

DID YOU KNOW?


Former US Secretary of State, Condoleezza
Rice was a former member of the board of
directors, and head of Chevron's committee
on public policy.

Learn More http://bit.ly/1bIyREp


Top 10 US Natural Gas Producing Companies
The Worlds Biggest Oil& Gas Companies

PIONEER: JOHN D ROCKEFELLER FOUNDER OF STANDARD OIL

10
NIZAR AL-ADSANI
Chief Executive Officer

Kuwait Petroleum
Corp
BPD
Founded
Headquarters
State Owned?
CEO
Employees

3.4 million
1980
Al Shuwaikh, Al Asimah
Yes
Nizar Al-Adsani
15,825

The last company on the list is the Kuwait Petroleum


Corporation (KPC), the state-owned company
responsible for Kuwait's hydrocarbon interests
throughout the world.
The Kuwait Oil Company was originally formed by the
Anglo-Persian Oil Company (now known as BP) and the
Gulf Oil Corp (now known as Chevron).
In 1975 the Kuwaiti oil industry was nationalised and an
agreement was signed by the State of Kuwait and
British Petroleum and Gulf giving Kuwait complete
control of its oil resources.
This led to the formation of the Kuwait Petroleum
Corporation in 1980 as an umbrella organisation to
manage the countrys diversified oil interests.
KPC is made up of the following subsidiaries: Kuwait Oil
Company (KOC), Kuwait National Petroleum Company
(KNPC), Petrochemicals Industries Company (PIC),
Kuwait Oil Tanker Company (KOTC), Kuwait Aviation
Fueling Company (KAFCO), Kuwait Foreign Petroleum
Exploration Company (KUFPEC), Kuwait Petroleum
International Limited (KPI - Q8), Santa Fe International
Corporation (SFIC), Kuwait Gulf Oil Company (KGOC), Oil
Sector Services Company and K-Dow Petrochemicals.

Nizar Al-Adsani received his Bachelors Degree in


Mechanical Engineering from South Dakota State
University.
In 198 he started as a engineer at KOC and then in 1999
appointed General Superintendent. He was later
promoted to the position of Manager of Planning and
Investment Coordination at the Kuwait Petroleum
Corporation.
He held this position until September of 2004, at which
point he was promoted as Executive Director, Business
Administration for Khafji Joint Operations.
In November 2007 he became Deputy Managing
Director (KJO) at the KGOC. In October 2009 he was
named Chairman of Joint Operating Committee at KJO.
In June 2011, Al-Adsani joined the KFPEC as Chairman,
MD and board member.

DID YOU KNOW?


During the first Gulf War over 700 oil wells were set on
fire by the Iraqi Military Forces.
It took eight months to fully extinguish the fires and its
estimated 6 million barrels of oil were destroyed every
day

Learn More

http://bit.ly/I7VXwZ
The KOC Approach To Produced Water: Not A
Trivial Matter

Kuwait Petroleum Corp may be more recognisable by its


well known brand Q8.

visit www.OilandGasIQ.com

The Worlds Biggest Oil& Gas Companies

INFERNO: OIL WELLS ABLAZE IN KUWAIT DURING THE GULF WAR

11
Embattled CEO Tony Hayward was also forced to quit
his post.
The ramifications of the Deepwater Horizon oil spill are
still being felt today as BP stands trial in the biggest
court case of the century. BP may face damages in
excess of $17 billion in the trial.
It was a turning point for the company made all the
more unfortunate considering BPs previous efforts to
establish its green friendly credentials with renewable
energy. Despite this, BP still managed to be the fifthlargest company in the world by revenue.

BP
BPD
Founded
Headquarters
State Owned?
CEO
Revenue
Employees

3.1 million
1909
London, UK
No
Bob Dudley
US$ 388.285 Billion (2012)
85,700 (2012)

Current CEO Bob Dudley is delivering on his new


strategy of selling assets (including its stake in the TNK
BP venture), resolving lawsuits and enhancing
efficiency. This will lead to a leaner operation.

BOB DUDLEY
Group Chief Executive

Although founded in 1954 British Petroleums roots go


back much further. The Anglo-Persian Oil Company
was formed in 1909, itself an offshoot of the Burmah
Oil Company. It later rebranded to the Anglo-Iranian
Oil Company and then finally to BP. 11 years later the
company became the first to strike oil in the north
seas
Other notable mergers and acquisitions following its
privatisation in 1979 / 1987 include Amoco in 1998 and
ARCO and Burmah Castrol in 2000.
Thanks to its 20,000 plus service stations, BP is one of
the most recognisable oil and gas companies.
The company rebranded in 2001, dropping its green
shield logo in favour of the Helios symbol designed
to represent event in all its forms.
The company also adopted the slogan "Beyond
Petroleum" highlighting their focus on all types of
energy and stressing their commitment to a lower
carbon future.
BP hit rock bottom when the 2010 Gulf of Mexico
disaster became a major global talking point and led to
the company pleading guilty on 11 counts of
manslaughter, two misdemeanours, and one count of
lying to Congress resulting in $4.5 billion in fines- the
largest criminal resolution in US history.

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Dudley holds a Degree in Chemical Engineering and an


MBA. He has spent his entire career in the oil and gas
industry including his time at Amoco where he worked
in a number of engineering and commercial posts
including the position of general manager for strategy
Following the merger between BP and Amoco he took
up a similar role and later was appointed chief
executive officer of TNK-BP.
In summer 2010, he served as the president and chief
executive officer of BPs Gulf Coast Restoration
Organization in the US and became group chief
executive on 1 October 2010. In 2012, Dudley earned
1.1m plus a further 2.6m in bonuses.

DID YOU KNOW?


In 1997 BP became the first multinational outside the
reinsurance industry to publicly support the scientific
consensus on climate change.

Learn More

http://bit.ly/1bXPMqg
BP Energy Outlook 2030 Report
The Worlds Biggest Oil& Gas Companies

DISASTER: THE 2010 MACONDO DEEPWATER HORIZON BLOW OUT

the worlds biggest oil & gas companies


by the numbers
2020

YEAR FOUNDED

2000
1980
1960
1940
1920
1900
1880

SAUDI ARAMCO

GAZPROM

NIOC

EXXON MOBIL

ROSNEFT

SHELL

PETRO CHINA

PEMEX

CHEVRON

KPC

BP

1860

# EMPLOYEES

PRODUCTION (bpd)
600,000
500,000
400,000
300,000
200,000
100,000
0
SAUDI GAZPROM
ARAMCO

NIOC

EXXON
MOBIL

ROSNEFT

SHELL

PETRO
CHINA

PEMEX

CHEVRON

KPC

BP

REVENUE ($bn)

500
450
400
350
300
250
200
150
100
50
0
SAUDI GAZPROM
ARAMCO

NIOC

EXXON ROSNEFT
MOBIL

visit www.OilandGasIQ.com

SHELL

PETRO
CHINA

PEMEX CHEVRON

KPC

BP

The Worlds Biggest Oil& Gas Companies

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Statistical & References


Oil & Gas IQ, Forbes, Wood Mackenzie, EIA, OPEC, Harvard Business Review, Energy Business Review
Financial Times, Time, Wikipedia, Twitter, Metro UK, Rosneft, Exxon Mobil, BP, PetroChina, Pemex,
Shell, NIOC, Gazprom, FIFA,, UEFA, Greenpeace, The Guardian, The Independent, Chevron, KPC

Image Sources
Canvas Images:
Gulf War Oil Wells http://en.wikipedia.org/wiki/File:Operation_Desert_Storm_22.jpg
Emilio Lozoya Austin http://www.flickr.com/photos/worldeconomicforum/3445564654/
Macondo http://iliketowastemytime.com/2012/08/08/deepwater-horizons-final-hours-7-pics
Rex Tillerson http://news.msn.com
Strait Of Hormuz http://theenergycollective.com/jeffreymvoth/79025/defense-departmentreleases-roadmap-transform-energy-use-military-operations
Beijing Olympic Stadium http://www.interiorclip.com/interior/1280x833/shortlisted-for-lubetkinprize-the-national-stadium-beijing-17429.html
Shell Shutterstock
Saudi Aramco Airplane http://www.planes.cz/en/search/company/1055/saudi-aramco-aviation/
John D Rockefeller Life Magazine
Misc & Key Personnel:
Guardian, Wikipedia, Shutterstock, iStock, WSJ, Arabian Business, RIA.ru, International Forum of
Americas, scouting.org, rferl.org

All logos are property of their respective owners


Content and stats correct as of date of publication

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The Worlds Biggest Oil& Gas Companies

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