How Many Oil Companies Are There? Stats – 2025

In the energy market, oil and gas are major industries. As they are the primary source of fuel for the world, they play a major role in the global economy. Natural gas and oil have been linked with each other because of the production process.

Although oil and gas are the main sources of fuel and energy, these resources are not unlimited and are distributed differently across different countries. Some countries have a high number of oil companies, while others have zero or very few oil and gas companies.

With that in mind, here’s a breakdown of what I’ll cover in this article:

• Number of Oil Companies in 2025
• The Biggest Players in the Oil Industry
• The Financial Power of Oil Companies

Oil Company Stats 2025 (Top Picks)

• There are 64,328 recognized oil and gas companies worldwide.
• Over 40,000 oil and gas companies operate in the USA.
• 9,000 independent oil and gas producers exist in the U.S. across 33 states.
• The global oil and gas industry generates $4.2 trillion in annual revenue.
• There are 417 major oil and gas companies worldwide.
• The combined market cap of major oil companies is $7.066 trillion.
• Top publicly traded oil companies employ 3,693,401 people globally.
• Saudi Aramco is the world’s largest oil company by revenue and market cap.
• Sinopec (China Petroleum & Chemical Corporation) leads in global revenue ($441.79B in 2024).
• The U.S. oil and gas industry contributes about 8% to the national GDP.
• ExxonMobil was the most profitable oil company in 2024.
• Darren Woods (ExxonMobil CEO) earned $35.9M in 2022; Shell’s CEO earned $10.11M in 2023.
• The oil and gas sector has seen a 2.8% decline in U.S. businesses from 2020 to 2025.
• The “Seven Sisters” dominate the global oil industry, with giants like ExxonMobil and Chevron.

Number of Oil Companies in 2025

In this section, we’ll cover the number of oil companies in the world, the US, major companies, and Standard Oil’s broken independent companies.

How Many Oil Companies Are There?

There are currently approximately 64,328 recognized oil companies in the world. Out of these, 119 companies are publicly traded. These companies include upstream, midstream, and downstream oil and gas companies that are privately held or government owned.

Souce: eia

How many oil companies are there in the US?

As of 2025, there are approximately 42,483 oil and gas extraction companies in the USA. This number has declined by 2.8% per year on average over the past five years (2020 to 2025).

There are about 9,000 independent oil and natural gas producers in the United States operating in 33 states.

Source: ISBI World, IPAA

How many major oil companies are there?

There are 417 major oil and gas companies in the world. Their market cap is $7.066 trillion. These top publicly traded companies employ 3,693,401 people. Some big names include Saudi Aramco, ExxonMobil, Chevron, Shell, and PetroChina.

Source: Companiesmarketcap

How many Standard Oil companies are there?

John D. Rockefeller founded the Standard Oil Company in 1870. The U.S. Supreme Court broke it into 39 independent sub-companies. ExxonMobil, Chevron, BP, Marathon Oil, and ConocoPhillips are some of them. Not all 39 companies exist today, as many have consolidated over time.

Source: Wikipedia

The Biggest Players in the Oil Industry

In this section, we’ll discuss major oil companies, the six or seven sisters of oil, the largest oil company, and the top 5 USA oil companies.

What are the major oil companies?

Here are the major oil companies worldwide:

Company	Market Cap
Saudi Arabian Oil Co. (Saudi Aramco)	$1.8 trillion
China Petroleum & Chemical Corp. (SNPMF)	$57.91 billion
PetroChina Co. Ltd. (PCCYF)	$78.7 billion
Exxon Mobil Corp. (XOM)	$445 billion
Shell PLC (SHEL)	$201.8 billion
TotalEnergies SE (TTE)	$157.1 billion
Chevron Corp. (CVX)	$337.8 billion
BP PLC (BP)	$105.3 billion
Marathon Petroleum Corp. (MPC)	$57.1 billion
Valero Energy Corp. (VLO)	$47.3 billion

Source: Investopedia

Who is the largest oil company in the world?

Saudi Aramco is the world’s largest oil company, based on daily oil production, revenue, net income, and market cap.

Source: Statista

What are the 6 largest publicly traded oil companies?

Here are the six largest publicly traded oil companies, based on market capitalization and revenue:

Largest Publicly Traded Oil Companies	Revenue (TTM)
Saudi Aramco	$590.3 billion
ExxonMobil	$386.8 billion
Chevron Corporation	$227.1 billion
PetroChina	$486.4 billion
Shell Plc	$365.3 billion
TotalEnergies SE	$254.7 billion

Sources: Source: Investopedia

What is the largest oil company by revenue?

Sinopec (China Petroleum & Chemical Corporation) is the leading global oil and gas company by revenue in 2024. This Chinese state-owned enterprise generated $441.79 billion in revenue.

Source: Statista

What are the top 3 oil companies in the US?

ExxonMobil, Shell plc, and TotalEnergies are the top oil companies in the US based on revenue.

What are the 5 largest oil companies in the US?

Here are the top 5 largest publicly traded companies in the U.S., known as supermajors or Big Oil.

Top 5 Largest companies in the USA	Revenue
ExxonMobil	$286 billion
Shell plc	$273 billion
TotalEnergies	$185 billion
BP	$164 billion
Chevron	$163 billion

These companies are part of the six or seven sisters.

The Financial Power of Oil Companies

Let’s discuss how much money oil companies make in a year, the most profitable oil company, the industry’s total worth, and more in this section.

How much money do oil companies make a year?

Oil and gas companies generated $4.2 trillion in revenue in 2024, as reported by IBISWorld. There was slight revenue growth of 1.8%. The International Energy Agency (IEA) says that countries relying on oil and gas revenue should reduce their dependence on these resources and explore alternative energy sources. 

Which oil company makes the most profit?

As of 2025, ExxonMobil was the most profitable company in 2024 based on both revenue and net income, as stated by Satistia. 

How much is the oil and gas industry worth?

The oil and gas industry is worth trillions of dollars and is one of the largest industries in the world. Its total worth in 2024 was $4.3 trillion.

How much of the GDP is the oil and gas industry?

The oil and gas industry contributes about 8% of the United States’ GDP. This industry supports millions of jobs and contributes billions of dollars in tax revenue each year.

Source: Statista

How much does a CEO of an oil company make?

The compensation for oil company CEOs ranges from $8 million to $35 million per year. For instance, ExxonMobil CEO Darren Woods earned $35.9 million in 2022. In 2023, Shell CEO Wael Sawan earned $10.11 million.

Source: Oilandgasmiddleeast

Conclusion

Here you have the number of oil companies in the world and the USA, top oil companies by revenue, net profit, and more. I hope these curated oil and gas industry stats prove useful for you.