The US Energy Information Association places America alone to be consuming a total of 6.87 billion barrels of oil. This is an approximate of 18.83 million barrels in a day (22% of the total world’s petroleum consumption).

It is the key players in this distinguishing field who keep the channels flowing and the world running.

Top 10 Companies

1) Saudi Aramco

The company produces 12.5 million barrels of oil in a day generating more than $1 billion per day in the form of revenues.

It is the biggest energy company so far with its biggest field, Ghawar, doing about 5 million bpd.

2) Gazprom

It is found in Russia and is the world’s largest producer of natural gas producing an approximate of 9.7 million barrels per day. It boasts of profits that run up to $40 billion a year.

3) National Iranian Oil Company

In as much as Iran has been forced to curtail the production of oil owing to International sanctions, it still remains amongst the world’s biggest oil and gas producer.

The company produces 6.4 million barrels per day.

4) ExxonMobil

After the merge of Exxon and Mobil, ExxonMobil became an imperious name in the oil and gas industry. The company manages to produce 5.3 million barrels of oil in a single day and annual profits of $40 billion.

5) Petro China

This is the largest of China’s three state controlled oil giants producing 4.4 million barrels per day. Amongst the three, Petro China has the highest market cap. Forecasts predict that the company could someday vie with Gazprom as a regional gas power.

6) BP

This is one of the most recognizable oil and gas companies.

It produces 4.1 million barrels of oil per day though this limit is likely to increase owing to its present CEO, Bob Dudley, strategy of selling assets, resolving lawsuits and enhancing efficiency.

7) Royal Dutch Shell

It produces 3.9 million barrels per day.

It was founded in 1907 following the merge of Royal Dutch Petroleum Company and the Shell Transport and Trading Company Limited.

8) Pemex

This is a Mexican State-Owned company producing 3.6 million barrels per day. It is the biggest company in Mexico and also Latin America.

The move by President Enrique Pena Nieto to reform Pemex in order to allow foreign investment may just be the needed antidote to increase production in Mexico’s biggest field (Cantrell) which has dropped from 2 million barrels per day by approximately 65%.

9) Chevron Corporation

Produces 3.5 million barrels per day and also plays as the largest producer of geothermal energy.

The company has several different brands under its umbrella including: Chevron, Texaco, Delo, Caltex, Town Pantry etc.

It acquired Atlas Petroleum in 2010 for $4.3 billion to make inroads in the lucrative Marcellus and Utica shale plays.

10) Kuwait Petroleum Corporation

Kuwait’s oil company was originally formed in 1934 by the present BP and Chevron. It was then nationalized in 1975.

The company produces 3.2 million barrels of oil per day with its biggest field, Burgan, still being operated by Chevron.