The Top Natural Gas Companies in The World
The Top Natural Gas Companies in The World
The Top Natural Gas Companies in The World
FUNDAMENTAL ANALYSIS
SECTORS & INDUSTRIES
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SUZANNE KVILHAUG
Most of the world's biggest producers of natural gas are global energy giants with
worldwide oil and gas operations spanning the full range of upstream and downstream
activities. When production is viewed by country, the U.S. is the top producer of natural gas
followed by Russia, Iran, Qatar, China, and Canada. [1] Here's a look at the top producers of
natural gas, along with some key facts about each company.
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KEY TAKEAWAYS
The United States is the top producing country of natural gas in the world,
followed by Russia, Iran, Qatar, China, and Canada.
The largest oil and gas company in the world by revenues is China's China National
Petroleum/PetroChina.
The top ten natural gas companies in the world are from the U.S., Russia, Saudi
Arabia, Netherlands, China, the U.K., and France.
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While CNPC is a state-owned enterprise, much of its operations are organized under a
publicly-listed subsidiary company, PetroChina Company (PTR). PetroChina shares are
listed on the NYSE, the Hong Kong Stock Exchange, and the Shanghai Stock Exchange.
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Petrochina is involved in both the oil and natural gas industry with exploring, production,
storage, and marketing operations.
In 2020, PetroChina had revenues of $299 billion, making it the second-largest oil and gas
company in the world. It has a market cap of $139 billion. [3] [4]
The company is also the world's largest oil producer, being the sole provider of natural gas
and oil to Saudi Arabia. Saudi Arabia's oil and gas industry made up 50% of its GDP in 2018.
The company has a market cap of $1.86 trillion. [8] [7]
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BP
London-headquartered BP (BP) is a global energy giant with vast operations spanning the
length of the oil and gas supply chain. The company reported natural gas production of
about 7.9 billion cubic feet per day in 2020. [9]
BP operates major natural gas production sites around the globe, from the Americas to the
Middle East to Southeast Asia. It also has substantial worldwide oil exploration and
production operations, in addition to petrochemical, lubricant, and retail gasoline
businesses.
The company had 2020 revenues of $183.5 billion and has a market capitalization of $82
billion. [10] [11]
ExxonMobil
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ExxonMobil (XOM) produced 8.5 billion cubic feet of natural gas per day in 2020, the lowest
amount in the past seven years and part of a continuing decline. [12] It is the largest oil and
gas company in the United States based on revenue.
The company had 2020 revenues of $181.5 billion and has a market capitalization of $228.5
billion. [13]
In addition to its natural gas operations, Royal Dutch Shell has vast crude oil exploration
and production activities, as well as downstream operations including refineries,
petrochemical plants, and retail service stations. Royal Dutch Shell is headquartered in the
Netherlands and incorporated in the U.K.
The company had revenues of $180.5 billion in 2020 with a market capitalization of $153
billion. [15]
Total
Total (TTE), a French oil and gas company, is an integrated oil and gas company with
worldwide upstream and downstream operations. It produced 7.25 billion cubic feet of gas
per day in 2020. The bulk of Total's hydrocarbon reserves are in Europe and Central Asia,
followed by the Middle East and North Africa. [16] [17]
In 2020, Total had revenues of $140.7 billion and has a market cap of $114.4 billion. [18] [19]
Chevron
Chevron (CVX), an American integrated energy giant, reported daily natural gas production
of about 5.7 billion cubic feet per day in 2020, right in line with the company's production
levels in recent years. The company operates major natural gas fields across the globe,
including sites in Asia, Australia, Africa, Europe, Latin America, and North America. [20]
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FAST FACT
Total global natural gas production in 2020 was approximately 3.85 trillion
cubic meters. [21]
The company had 2020 revenues of $78 billion and has a market cap of $71 billion. [25] [26]
Lukoil
Lukoil (LUKOY) is another Russian company on the list. The company extracts and refines
oil and natural gas primarily from western Siberia. The company produced 29 billion cubic
meters of gas in 2020; 60% of which was from Russia and the remainder from international
operations. [27]
Lukoil had revenues of $77.8 billion in 2020 and has a market cap of $56 billion. [28] [29]
Gazprom
Russia's Gazprom (OGZPY) was responsible for the production of over 431 billion cubic
meters of natural gas in 2020. Gazprom dominates the Russian natural gas industry as its
largest gas producer. [30]
Gazprom is controlled by the Russian government, which holds slightly more than 50% of
outstanding shares in the company. The company had revenues of $27.6 billion in 2020 and
has a market cap of $106 billion. [31] [32] [33]
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The company that produces the most natural gas in the world is Russia's Gazprom, which
produced over 431 billion cubic meters of gas in 2020. The largest natural gas company by
revenues, which is also an oil company, is China's China National Petroleum. [30]
What Are the Top Producing Natural Gas States in the U.S.?
The top five natural gas-producing states in 2019 were Texas (23.9%), Pennsylvania
(20.0%), Louisiana (9.3%), Oklahoma (8.5%), and Ohio (7.7%), which all totaled 69.4% of
U.S. natural gas production. [34]
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