Top 10 Oil and Gas Exploration & Production Companies in North America in 2021 by Reserves
Canadian Natural Resources Ltd, ConocoPhillips, EQT Corp, EOG Resources Inc, and Antero Resources Corp are the top 5 oil & gas exploration & production companies in North America in 2021 by reserves. In aggregate, the top 10 oil & gas exploration & production companies had reserves of 36,506 million barrels of oil equivalent (MMboe), Canadian Natural Resources Ltd had the highest reserves (11,228 MMboe) and CNX Resources Corp had the lowest reserves (1,592 MMboe). Only 1 out of the top 10 of North America's oil & gas exploration & production companies is based in Canada, while the remaining 9 are based in the United States of America. They employed a total of 38,444 people in 2021. The Canada-based Canadian Natural Resources Ltd is the leading oil & gas exploration & production company in North America (by reserves). The company reported revenues of $23,978 million for the fiscal year ended December 2021 (FY2021), an increase of 77.9% over FY2020, due to the company’s original production guidance range, effectively managing through a volatile commodity price environment and low crude oil demand. This was achieved through the commitment and hard work of our employees. Canadian Natural Resources Ltd (Canadian Natural) is an independent upstream oil and gas company. It carries out the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids. The United States of America based ConocoPhillips is one of the leading in oil & gas exploration & production companies in North America (by reserves). It is an independent upstream oil and gas company. Its product portfolio includes crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The company operates through six reportable business segments: Alaska; Lower 48; Canada; Europe, Middle East & North Africa; Asia Pacific; and Other International. Its other segments included Corporate and Other which carry out marketing and technology activities. In FY2021, the company’s capital expenditure stood at US$5,324 million, which was equivalent to 11.6% of its revenue and increased 12.9% YoY.