| Top Natural Gas Companies by Market Cap | ||||
|---|---|---|---|---|
| Company | Country | Market Cap | Production (million cubic feet per day) | Revenue (TTM) |
| Saudi Arabian Oil | Saudi Arabia | $1.8 trillion | 10,672 | $488.4 billion |
| Exxon Mobil | U.S. | $526.8 billion | 7,734 | $331.9 billion |
| Chevron | U.S. | $290.34 billion | 7,744 | $195.0 billion |
| Reliance Industries | India | $240.9 billion | Not public | $111.0 billion |
| PetroChina | China | $232.9 billion | 13,513 | $307.09 billion |
| Shell | U.K. | $222.7 billion | 7,453 | $291.1 billion |
| TotalEnergies | France | $158.0 billion | 5,028 | $208.3 billion |
| ConocoPhillips | U.S. | $129.3 billion | 3,135 | $55.1 billion |
| CNOOC | China | $124.8 billion | 2,216 | $57.3 billion |
| Sinopec | China | $104.9 billion | 3,665 | $473.5 billion |
1. Saudi Arabian Oil Company
Saudi Arabian Oil Company, commonly called Aramco, is the national oil company of Saudi Arabia. It was founded in 1933, is based in Dhahran, Saudi Arabia, and engages in the exploration, production, transportation, and sale of crude oil and natural gas. The Saudi Arabian government owns about 98% of the company. The rest is owned by investors, who trade the shares on the Saudi Stock Exchange. It has a market cap of $1.8 trillion.
Exxon Mobil trades on the New York Stock Exchange (NYSE) in the U.S. and is based in Irving, Texas. The company was founded in 1882, when it was incorporated in New Jersey. Its primary business is the exploration and production of crude oil and natural gas, as well as the manufacturing, trade, transportation, and sale of crude oil, natural gas, petroleum products, and petrochemicals. It has a market cap of $526.8 billion.
Chevron, an American integrated energy giant, operates major natural gas fields worldwide. Chevron also maintains vast upstream oil operations and downstream activities in petrochemicals, lubricants, additives, and gasoline. It has a market cap of $290.34 billion.
4. Reliance Industries
Reliance Industries is an Indian conglomerate. Other than natural gas, the group also specializes in oil refining, petrochemicals, retail, digital services, media and entertainment, and textiles. Reliance’s gas operations took a big turn in the early 2000s when it discovered gas reserves in the Krishna Godavari basin. In recent annual reports, the company has said it’s responsible for a fifth of India’s natural gas production. The company has a market cap of $240.9 billion.
4.08 trillion cubic meters
Total global natural gas production in 2023.
5. PetroChina
China National Petroleum is China’s largest natural gas producer. It also has vast oil and petrochemical production and oil and gas marketing operations. While China National Petroleum is a state-owned enterprise, much of its operations are organized under a publicly listed subsidiary, PetroChina Company, which has a market cap of $232.9 billion.
Shell explores, produces, refines, and markets oil, natural gas, and related chemicals. It operates across the globe and was created in April 1907 through the amalgamation of the Royal Dutch Petroleum Company of the Netherlands and the Shell Transport and Trading Company Limited of the United Kingdom. Shell moved its headquarters from the Netherlands to the U.K. in 2021, and its shares trade on the London Stock Exchange. It has a market cap of $222.7 billion.
TotalEnergies is a French oil and natural gas company. It explores and produces crude oil, natural gas, and low-carbon electricity, refines and produces petrochemical products, and owns and operates gas stations throughout Europe, the U.S., and Africa. It has a market cap of $158.0 billion.
ConocoPhillips explores, produces, transports, and markets crude oil, natural gas, natural gas liquids, liquefied natural gas, and bitumen internationally. It’s based in Texas, operates in 13 countries, and its shares trade on the NYSE. It has a market cap of $129.3 billion.
9. China National Offshore Oil Corporation
China National Offshore Oil Corporation (CNOOC) focuses on oil and gas exploration and production in over 20 countries. It also specializes in refining, power generation, retail marketing, and engineering. CNOOC is listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The company has a market cap of $124.8 billion.
10. Sinopec
Based in Beijing, Sinopec, or China Petroleum & Chemical, is focused on oil and natural gas exploration and production, storage, and delivery. Sinopec is one of the world’s largest natural gas producers, one of the world’s largest refining companies, and a significant producer of industrial chemicals. The company’s stock trades on the Hong Kong and Shanghai stock exchanges. It has a market cap of $104.9 billion.
Which Are the Top Producing Natural Gas States in the U.S.?
In 2023, the top five natural gas-producing states in the U.S. were Texas, Florida, Pennsylvania, California, and Ohio.
What Three Countries Are the Largest Consumers of Natural Gas?
In 2023, the top three consuming countries of natural gas were the U.S. (937 billion cubic meters), Russia (526 billion cubic meters), and China (436 billion cubic meters).
How Is Natural Gas Produced?
Natural gas can be drilled when it’s found beneath the Earth’s surface or it can be produced using wells in a process called fracking. Once produced, it is processed and sold to consumers, who use it for heating and other purposes.
Which Countries Produce the Most Natural Gas?
The U.S. is the largest producer of natural gas in the world, followed by Russia, Iran, and China, according to 2022 data.
The Bottom Line
The largest natural gas companies are among some of the biggest companies in the world. Providing energy is big business, resulting in hundreds of billions of dollars in annual revenues. These companies don’t just extract and provide natural gas, they also specialize in various other power sources.
Topping the list based on market cap, by a significant margin, is Saudi Aramco. Most of the others on the list are based in China and the U.S.
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The Top Natural Gas Companies in the World[/gpt3]
| Top Natural Gas Companies by Market Cap | ||||
|---|---|---|---|---|
| Company | Country | Market Cap | Production (million cubic feet per day) | Revenue (TTM) |
| Saudi Arabian Oil | Saudi Arabia | $1.8 trillion | 10,672 | $488.4 billion |
| Exxon Mobil | U.S. | $526.8 billion | 7,734 | $331.9 billion |
| Chevron | U.S. | $290.34 billion | 7,744 | $195.0 billion |
| Reliance Industries | India | $240.9 billion | Not public | $111.0 billion |
| PetroChina | China | $232.9 billion | 13,513 | $307.09 billion |
| Shell | U.K. | $222.7 billion | 7,453 | $291.1 billion |
| TotalEnergies | France | $158.0 billion | 5,028 | $208.3 billion |
| ConocoPhillips | U.S. | $129.3 billion | 3,135 | $55.1 billion |
| CNOOC | China | $124.8 billion | 2,216 | $57.3 billion |
| Sinopec | China | $104.9 billion | 3,665 | $473.5 billion |
1. Saudi Arabian Oil Company
Saudi Arabian Oil Company, commonly called Aramco, is the national oil company of Saudi Arabia. It was founded in 1933, is based in Dhahran, Saudi Arabia, and engages in the exploration, production, transportation, and sale of crude oil and natural gas. The Saudi Arabian government owns about 98% of the company. The rest is owned by investors, who trade the shares on the Saudi Stock Exchange. It has a market cap of $1.8 trillion.
Exxon Mobil trades on the New York Stock Exchange (NYSE) in the U.S. and is based in Irving, Texas. The company was founded in 1882, when it was incorporated in New Jersey. Its primary business is the exploration and production of crude oil and natural gas, as well as the manufacturing, trade, transportation, and sale of crude oil, natural gas, petroleum products, and petrochemicals. It has a market cap of $526.8 billion.
Chevron, an American integrated energy giant, operates major natural gas fields worldwide. Chevron also maintains vast upstream oil operations and downstream activities in petrochemicals, lubricants, additives, and gasoline. It has a market cap of $290.34 billion.
4. Reliance Industries
Reliance Industries is an Indian conglomerate. Other than natural gas, the group also specializes in oil refining, petrochemicals, retail, digital services, media and entertainment, and textiles. Reliance’s gas operations took a big turn in the early 2000s when it discovered gas reserves in the Krishna Godavari basin. In recent annual reports, the company has said it’s responsible for a fifth of India’s natural gas production. The company has a market cap of $240.9 billion.
4.08 trillion cubic meters
Total global natural gas production in 2023.
5. PetroChina
China National Petroleum is China’s largest natural gas producer. It also has vast oil and petrochemical production and oil and gas marketing operations. While China National Petroleum is a state-owned enterprise, much of its operations are organized under a publicly listed subsidiary, PetroChina Company, which has a market cap of $232.9 billion.
Shell explores, produces, refines, and markets oil, natural gas, and related chemicals. It operates across the globe and was created in April 1907 through the amalgamation of the Royal Dutch Petroleum Company of the Netherlands and the Shell Transport and Trading Company Limited of the United Kingdom. Shell moved its headquarters from the Netherlands to the U.K. in 2021, and its shares trade on the London Stock Exchange. It has a market cap of $222.7 billion.
TotalEnergies is a French oil and natural gas company. It explores and produces crude oil, natural gas, and low-carbon electricity, refines and produces petrochemical products, and owns and operates gas stations throughout Europe, the U.S., and Africa. It has a market cap of $158.0 billion.
ConocoPhillips explores, produces, transports, and markets crude oil, natural gas, natural gas liquids, liquefied natural gas, and bitumen internationally. It’s based in Texas, operates in 13 countries, and its shares trade on the NYSE. It has a market cap of $129.3 billion.
9. China National Offshore Oil Corporation
China National Offshore Oil Corporation (CNOOC) focuses on oil and gas exploration and production in over 20 countries. It also specializes in refining, power generation, retail marketing, and engineering. CNOOC is listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The company has a market cap of $124.8 billion.
10. Sinopec
Based in Beijing, Sinopec, or China Petroleum & Chemical, is focused on oil and natural gas exploration and production, storage, and delivery. Sinopec is one of the world’s largest natural gas producers, one of the world’s largest refining companies, and a significant producer of industrial chemicals. The company’s stock trades on the Hong Kong and Shanghai stock exchanges. It has a market cap of $104.9 billion.
Which Are the Top Producing Natural Gas States in the U.S.?
In 2023, the top five natural gas-producing states in the U.S. were Texas, Florida, Pennsylvania, California, and Ohio.
What Three Countries Are the Largest Consumers of Natural Gas?
In 2023, the top three consuming countries of natural gas were the U.S. (937 billion cubic meters), Russia (526 billion cubic meters), and China (436 billion cubic meters).
How Is Natural Gas Produced?
Natural gas can be drilled when it’s found beneath the Earth’s surface or it can be produced using wells in a process called fracking. Once produced, it is processed and sold to consumers, who use it for heating and other purposes.
Which Countries Produce the Most Natural Gas?
The U.S. is the largest producer of natural gas in the world, followed by Russia, Iran, and China, according to 2022 data.
The Bottom Line
The largest natural gas companies are among some of the biggest companies in the world. Providing energy is big business, resulting in hundreds of billions of dollars in annual revenues. These companies don’t just extract and provide natural gas, they also specialize in various other power sources.
Topping the list based on market cap, by a significant margin, is Saudi Aramco. Most of the others on the list are based in China and the U.S.
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