Top 10 Petrochemical Companies in the World in 2021 by Revenue

China Petroleum & Chemical Corp, PetroChina Co Ltd, Saudi Arabian Oil Co, Exxon Mobil Corp, and Shell plc are the major 5 petrochemical companies in the world in 2021 by revenue. Collectively, the major 10 petrochemical companies in the world generated revenue of $2,534,444 million, with average revenue growth of 55.5%. Among the top 10 Petrochemical companies, China Petroleum & Chemical Corp generated the highest revenue of $424,950 million in 2021, while Lukoil Oil Co generated the lowest revenue of $128,089 million during the year. The highest revenue growth in 2021 was registered by Saudi Arabian Oil Co (74.4%), followed by Lukoil Oil Co (67.3%) and Chevron Corp (64.7%), while China Petroleum & Chemical Corp (39.3%) and PetroChina Co Ltd (44.6%) registered the lowest revenue growth in FY2021. In terms of geographical splits, 2 out of 10 of the world’s major petrochemical companies (Exxon Mobil Corp and Chevron Corp) are based in the United States of America, while 2 (China Petroleum & Chemical Corp and PetroChina Co Ltd) are based in China, and the remaining are based in Saudi Arabia, the United Kingdom, France, and Russia. They employed a total of 1,794,868 people in 2021. China-based China Petroleum & Chemical Corp is the leading petrochemical company in the world (by revenue). The company is a vertically integrated energy and chemical company. It operates in the oil and gas exploration and production, extraction and marketing; oil refining; and production, marketing, storage, and transportation of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products. At the end of FY2021, it had over 20 subsidiaries and employed 385,691 people. The company reported revenues of $424,950 million for the fiscal year ended December 2021 (FY2021), an increase of 39.3% over FY2020 due to the upstream business promoted high-quality exploration, profitable development, and increased the production of marketable and value-added products. PetroChina Co Ltd is one of the leading petrochemical companies in the world (by revenue). The company reported revenue of $405,33 million for the fiscal year ended December 2021 (FY2021), an increase of 35.1% over FY2020, and the net profit attributable to equity holders of the Company was RMB92,170 million, representing an increase by RMB73,164 million as compared with last year. The structure of assets and liability was further optimized, and the financial position of the Group continued to be stable and healthy. It is an integrated oil and gas company that carries out upstream, downstream and midstream operations. The company has exploration basins in Songliao, Junggar, Ordos, Tarim, Sichuan and Bohai Bay. It employs 417,173 people in 2021.