Top 10 Oil Refining Companies in the World in 2021 by Capacity
China Petrochemical Corp, China National Petroleum corp, Exxon Mobil Corp, Saudi Arabian Oil Co, and Valero Energy Corp are the major 5 oil refining companies in the world in 2021 by capacity. Collectively, the major 10 oil refining companies in the world had an average refinery capacity of 3,574mbd, where the highest capacity being registered by China Petrochemical Corp (5,973mbd), China National Petroleum corp (4,899mbd), and Exxon Mobil Corp (4,676mbd), while lowest capacity was registered by Phillips 66 (2,216mbd). In terms of geographical split, 4 out of 10 of the world’s biggest oil refining companies are based in Asia, while 3 are based in North America, and the remaining companies are based in Europe. China-based China Petrochemical Corp is the leading oil refining company in the world in 2021 (by capacity). The company reported capacity of 5,973mbd for the fiscal year 2021. The company is a petroleum and petrochemical company. It is engaged in the exploration and production, pipeline transportation, and sale of petroleum and natural gas. The company is also involved in the production, sale, storage and transportation of products such as petrochemical products, gas-based chemicals, coal chemical products and other chemical products; new energy and geothermal energy; and installation of petroleum and petrochemical equipment. The company has operations in the US, Hong Kong and China. Sinopec Corp is headquartered in Beijing, China. China National Petroleum corp is one of the leading oil refining companies in the world in 2021 (by capacity). The company reported capacity of 4,899mbd and generated revenue of $435,244 million for the fiscal year 2021. The company is one of the largest oil and gas producers and suppliers in China, and one of the major oilfield service providers in the world. The company has assets and interests in 35 countries in Africa, Central Asia-Russia, Americas, the Middle East, Asia-Pacific, and other regions. It also has a presence in new energy development. It employs 1,448,400 people.