Top 10 Integrated Oil & Gas Companies in the World in 2021 by Reserves

Saudi Arabian Oil Co, Gazprom, Rosneft Oil Co, BP Plc, and Lukoil Oil Co are the top 5 integrated oil & gas companies in the world in 2021 by reserves. In aggregate, the top 10 integrated oil & gas companies had reserves of 584,008 million barrels of oil equivalent (MMboe), where Saudi Arabian Oil Co had the highest reserves (337,333 MMboe) and Shell plc had the lowest (8,972 MMboe). In aggregate they had revenue of $2,058 billion with average revenue growth of 57.2%. None of the top 10 companies had a revenue decline in 2021. In terms of the geographic split, 3 out of 10 of the world's top integrated oil & gas companies are based in Russia, another 3 are based in Europe, while 2 are based in the US, and the remaining companies based in Saudi Arabia and China. Saudi Arabian Oil Co is the leading integrated oil & gas company in the world (by reserves). The company reported revenues of $4,00,864 million for the fiscal year ended December 2021 (FY2021), an increase of 74.2% over FY2020, due to maintaining a highly disciplined and flexible approach to capital allocation as they expand its business. Saudi Arabian Oil Co (Saudi Aramco) is a state-owned energy and chemical company. It carries out the exploration, production, and processing of crude oil and natural gas, refining, fractionation of natural gas, production of petrochemicals, and distribution of petroleum products and natural gas. It manages a global network of 12 research and technology centers, including three in-kingdom research centers and nine satellite centers and technology offices in FY2021. Russia based Gazprom is one of the leading companies in integrated oil & gas companies in the world (by reserves). It is an integrated global oil and gas company with upstream and downstream operations. Its activities extend from exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil; sales of gas along with generation and marketing of heat and electric power. It had a reserve of 113,476 million barrels in 2021.