Greatest US Oil Companies
ExxonMobil is an American based mostly company that’s directly descended from John D. Rockefeller’s Normal Oil. Exxon and Mobil merged in 1999 to create ExxonMobil which is centered in Irving, Texas. Ranked at either No. 1 or No. 2 for the previous 5 years, it is one among the largest publicly traded firms by market capitalization. When evaluated for market income, it’s 2nd on the earth making it a real giant within the vitality business overall. With 37 oil refineries and over 83,000 employees, ExxonMobil is the largest refiner currently in operation. It sells its merchandise below the brands of Exxon, Mobil, and Esso which have lengthy been recognized for high quality and customer service. Of the six oil supermajors, ExxonMobil is indisputably the biggest and produces over 3.9 barrels of oil equivalent every single day.
Anandarko Petroleum is an independent oil and pure gas exploration and production firm that is among the world’s largest. It began its life cycle in 1959 as a subsidiary of Panhandle Eastern Company in response to the big quantities of natural fuel that were being found in the Anandarko Basin. Anandarko Petroleum finally split from its mum or dad firm in 1986 and currently operates in over a dozen totally different nations though its U.S. onshore operations account for 60% of its reserves. Its reserves of oil equal are approximately 2.Three billion barrels with 206 billion barrels of oil equivalent being produced yearly as of 2008. With its headquarters located within the Woodlands, Texas, Anandarko employs over 4,700 people in each its domestic and worldwide operations. With reference to the 2010 Deepwater Horizon oil spill, BP billed Anandarko $272 million for its share of the cleanup as they were companions in the operation. However, this invoice could possibly be thought of voided if the spill was caused by gross negligence or willful misconduct on the behalf of BP.
Apache is an independent oil and gas firm that’s at present headquartered in Houston, Texas and operates both domestically and internationally. It was originally created in 1954 by three males in Minnesota and drilled its first wells in Oklahoma’s Cushing area. Its headquarters was moved from Minneapolis to Denver in 1987 and eventually from Denver to Houston in 1992. Regardless that it is based within the United States, there are regional offices and operations in Canada, Australia, Argentina, the North Sea, and Egypt. With over four,400 staff and $12 billion in revenues for 2010, Apache is traded by the brand new York Stock Change as a public firm and is a key player on the S&P 500. This makes it a direct competitor with companies like Anadarko but not larger firms like Chevron.
Chevron is an American firm that’s involved in each aspect of the oil, gasoline, and geothermal vitality industries. It operates in more than 180 countries and has its headquarters in San Ramon, California. As one of the world’s six supermajor oil corporations, it has been ranked amongst Fortune 500’s five largest companies for the past 5 years. Chevron is at present ranked 4th after Apple, ExxonMobile, and Walmart. In 2011, Forbes International 2000 ranked it as the 16th largest public company on the planet. It employes over 62,000 individuals and sells its merchandise under quite a lot of model names. It sells its fuels underneath the manufacturers Chevron, Commonplace Oil, Texaco, and Caltex. Chevron additionally handles the upstream enterprise of Unocal, whose pumps are owned by ConocoPhillips. In addition to its fuels, it also operates Star Mart, Further Mile, Redwood Market, and Town Pantry comfort stores. Chevron additionally markets Techron as an necessary additive of their fuel.
ConocoPhillips is another multinational oil firm that is based within the United States. In 2002, Conoco Inc. and Phillips Petroleum Firm merged to form ConocoPhillips. It’s a Fortune 500 firm that is traded as a part of the S&P 500 and is ranked 22nd on Forbes Global 2000. With its headquarters based mostly in Houston, Texas, ConocoPhillips is the fifth largest non-public vitality company on the planet. In North America, it sells oil beneath the brands of Conoco, Phillips 66, and Union 76, while selling underneath the title of Jet in Europe. It operates in virtually forty totally different nations all all over the world, using 29,000 folks in total. With 19 refineries currently under its possession, ConocoPhillips is the world’s fourth largest non-authorities controlled refiner total.
Devon Energy, based in 1971, is considered one of the most important unbiased United States primarily based producers of oil and natural fuel with its headquarters in Oklahoma Metropolis, Oklahoma. The company mainly focuses on their North American onshore exploration and manufacturing operations. Devon owns and operates both natural fuel pipelines and treatment amenities in most of its areas of manufacturing. This makes it one in all North America’s largest processors of natural gasoline and also one of Fortune 500’s largest companies in America. Additionally it is included as a part of the S&P 500 Index. With more than 5,000 employees worldwide, Devon is also ranked as one of Fortune’s one hundred Finest Companies to Work For and Most Admired Corporations. It beneficial properties these titles partially by way of its extensive neighborhood outreach packages by means of which it contributes sources to every little thing from regulation enforcement companies and fireplace departments to youth applications and faculties.
Greka Power can be at the moment often known as HVI Cat Canyon. It’s a United States based mostly private oil and natural fuel firm that operates primarily in California’s Santa Barbara county. It was created in 1999 after the acquisition of several mergers bought by its guardian company, Greka Built-in. Its oldest element, Saba Enterprises, was established in 1981. With approximately 200 workers, its petroleum extraction and asphalt processing operations made Greka the most important onshore oil operator in Santa Barbara County. In China, Greka owns and operates Green Dragon Gasoline which is a publicly traded company on the London Inventory Exchange. Though owned by the identical people, these two firms are fully separate authorized entities. Until 2003, the corporate was traded on the NASDAQ however then its owner, Randeep Grewal, purchased out all of the existing shares at a 69% premium and made it into a private energy firm.
Hess is a brand new York City primarily based built-in oil company that started its life in 1919 as Ameranda Company. British oil entrepreneur Lord Cowdray formed it to begin exploring for oil in North America. Following several main acquisitions, it finally changed its title to Hess Corp. in 2006. By dealing with the exploration, manufacturing, transportation, and refining stages of oil and pure gas, Hess avoids further price by finishing the logistical chain vital for manufacturing. It additionally sells gas by way of its Hess branded filling stations in 16 completely different states alongside the United States’ East Coast. Through one in every of its subsidiaries’ partnerships with a Venezuelan firm, Hess also owns part of one in every of the most important crude oil refineries in the world in the United States Virgin Islands. With round eleven,600 employees, Hess might seem tiny when compared to some of its opponents despite its rank of fifty five within the 2009 Fortune 500.
Koch Industries is an American primarily based conglomerate that is based in Wichita, Kansas. Koch corporations are involved within the manufacturing, refining, and distribution of petroleum, chemicals, and minerals amongst many other issues. They are even concerned in finance, commodities trading, and actual estate. Within the United States, Koch Industries employs 50,000 people and one other 20,000 in fifty nine different international locations. In 2011, Forbes ranked Koch Industries as the second largest privately held company within the United States. When in comparison with publicly held corporations in 2007, Koch Industries would have ranked 16th within the Fortune 500. Koch Industries is jointly owned by Charles and David Koch, the sons of certainly one of the company’s founders Fred Koch. Subsidiaries of Koch Industries embrace Georgia-Pacific, a paper and pulp company, Invista, a polymer and fibers company, Koch Pipeline Firm LP, an oil and fuel pipeline company, Flint Hill Assets LP, a refining and chemicals firm, Koch Fertilizer, LLC, a maker of nitrogen fertilizers, and Koch Agricultural Firm’s Matador Cattle Firm, a cattle ranching company.
Marathon Oil is an international oil and natural gasoline exploration and production firm that is predicated out of Houston, Texas. Regardless of many exploration and manufacturing centers in different countries, it has just lately centered its interests in the United States on shale performs which might be petroleum refinery products ppt notes liquid-rich, such because the Bakken and Eagle Ford formations. Again in 1887, Marathon Oil was began as the Ohio Oil Firm before it was bought up by John D. Rockefeller’s Standard Oil two years later. It remained part of Rockefeller’s oil belief until 1911 when the belief was broken. Later, in 1930 it acquired the Marathon brand title and eventually renamed the company to Marathon Oil in 1962. With over 29,500 workers and greater than $77 billion in income in 2008, it’s hardly the most important oil and natural fuel firm in the trade but is actually bigger than many of its direct rivals.
Murphy Oil has been around as a world oil and pure gas firm because it was created in 1944. From its El Dorado, Arkansas headquarters and by its many subsidiaries, it operates in the United States, Canada, Malaysia, the United Kingdom, and Republic of the Congo. Murphy Oil employs over eight,600 people, has two oil refineries and two ethanol manufacturing facilities within the United States, and an extra oil refinery within the United Kingdom. In addition to its refineries, it also operates a rising filling station chain at Walmart Super-centers and at sure other stations within the United States. Murphy Oil had over $23 billion in revenue in 2010, making it smaller than lots of the larger firms in the trade but nonetheless bigger than many of its direct competitors. To present again to the community, the El Dorado Promise was introduced in 2007. It set aside $50 million so that every pupil graduating from El Dorado’s college system may afford to go to college.
Occidental Petroleum is an oil and pure gas exploration and manufacturing firm that operates out of their Westwood, California headquarters. It’s main operations are in the United States, the Middle East, North Africa, and South America. With over 30,000 workers worldwide and a 2010 income of over $19 billion, Occidental is the largest producer of oil in Texas, the most important natural fuel producer in California, and third largest producer of oil in California. Close to its market capitalization, it is the United States’ fourth largest oil and pure gasoline company with operations in eight different states. To keep up its standing as one of the fastest growing firms in the trade, Occidental locations an emphasis on enhanced oil restoration, exploration, and acquisitions. In 2009, it made what is believed to be the largest oil and natural gasoline discovery in California within the last 35 years.
Plains petroleum refinery products ppt notes Exploration and Production
Plains Exploration and Manufacturing, created in 2002, is a spin-off from Plains Assets. It is an American petroleum firm that is predicated out of their Houston, Texas headquarters. It operates in California, Wyoming, Louisiana, Texas, the Gulf of Mexico, and offshore of California. After its launch from Plains Resources in 2002, it acquired 3TEC in 2003 for $313 million and Nuevo Energy in 2004 for $945 million. This provided Plains Exploration and Production with varied oil producing property in the southwest to compliment the exploratory property it retained after its spin off. At the end of 2008, its reported reserves had been 292 million barrels of oil equal with a potential whole of up to 2.2 billion barrels. As of 2007, Plains Exploration and Manufacturing was the fourth largest producer of oil in California, ranked behind Chevron, Area Energy, and Occidental Petroleum.
SandRidge Power is an oil and natural fuel exploration company that has its headquarters in Oklahoma Metropolis, Oklahoma. It was originally based in 1984 as Riata Power however ultimately modified its name in 2006. The corporate focuses primarily on the Mid-Continent and Permian Basin but still maintains its production in West Texas, the Gulf Coast, and the Gulf of Mexico. Its drilling rigs are each owned and operated under the title Lariat Companies. In late 2007, SandRidge’s preliminary public offering was of over 28 million shares of common inventory at $26 per share. In 2011, a royalty trust known as the SandRidge Permian Belief was created to hold oil and pure gas wells that haven’t yet been developed in Andrews County, Texas. With over 2,200 workers and a 2010 income of over $1.4 billion, it’s hardly a small firm but typically gets missed as a result of immense dimension of some of its rivals.
XTO Energy is a personal American vitality company and a member of the Fortune 500 that offers primarily with oil and natural gasoline exploration and production. It was began in 1985 as Cross Timbers Oil Firm and eventually changed its identify in 2001. In 2009, it grew to become the single largest natural fuel producer following its 2008 acquisition of Hunt Petroleum for $4.2 billion. Later that very same 12 months, ExxonMobil acquired XTO as one among its subsidiaries for $31 billion in stock. As ExxonMobil’s subsidiary, the corporate was named XTO Power Incorporated. It is official project as part of its new mother or father company is to “give attention to global growth and production of unconventional resources.” As of 2008, earlier than its acquisition by ExxonMobil, XTO made over $7.6 billion in revenues and was employing over 2,300 individuals. Its revenues earned and variety of staff have almost certainly elevated since it was taken over by such a big and profitable firm.