Top 5 Oil & Gas Companies in Australia by Reserves

Woodside Energy Group Ltd, Santos Ltd, BHP, Origin Energy Ltd, and Beach Energy Ltd are the top 5 oil & gas companies by reserves in 2021. In aggregate, the top 5 oil & gas companies in Australia had reserves of 3,711 MMboe and generated revenues of $78,121 million with average revenue growth of 28.8%. 3 out of the top 5 companies had revenue growth in 2021, while 2 out of the top 5 had a decline in revenues in 2021. The top 5 companies employed a total of 47,162 people in 2021. Australia-based Woodside Energy Group Ltd is the leading oil & gas company in Australia by the reserve. The company reported revenues of $6,962 million for the fiscal year ended December 2021 (FY2021), an increase of 93.4% over FY2020 driven by an expanded portfolio through exploration and acquisitions. The company is an independent oil and gas company that explores, develops, produces, and supplies energy and carries out upstream and downstream operations. The company operates liquefied natural gas trains, offshore gas platforms, and oil floating production storage and offloading (FPSO) vessels. Woodside also operates a network of subsea and pipeline infrastructure in Australian waters. The company caters to the energy requirements of Australia, the Republic of Korea, Japan, China, and other countries in the Asia-Pacific region and employs 3,684 people. Santos Ltd (Santos) is another leading oil & gas company in Australia by reserves. The company reported revenues of $4,837 million for the fiscal year ended December 2021 (FY2021), a growth of 37.7% over the previous year. Santos is an oil and gas exploration and production company that operates in Australia and Papua New Guinea. The company is engaged in the development, production, exploration, transportation, and marketing of hydrocarbons. Its major products include natural gas, crude oil, condensate, methane, condensate, coal seam gas, and liquefied natural gas (LNG).