For countries with oil fields, the oil industry is a major income source. These industries export oil to other countries across the world. Since across the world, economies are dependent on various carbon energy forms, like petroleum, and petroleum products.
Saudi Aramco is the major oil organization across the world. In the year 2017, the revenue was 465.49 billion US dollars. However, the negative impacts on the environment due to its operations can’t be ruled mostly by the emission of gasses responsible for global warming and the change in the climate.
Presenting some of the top major oil organizations across the globe
Saudi Aramco is the largest oil organization in the world. The headquarters of the business is in the Dhahran region of Saudi Arabia. The organization formed in the year 1933, in the year 1988 it given a new name as Saudi Aramco.
Saudi Aramco is the major oil reserves across the globe and boasts an income of approximately 465 billion US dollars a year.
Sinopec is an oil organization located in Beijing, China. It is with an income of approximately 400 billion dollars. It also deals in exploration in oil and gas, along with the production of petrochemicals and sales, distribution services.
The organization is growing its assets by purchasing shares of other petroleum organizations. It is also responsible for drilling across African territories. Various setups are criticizing the organization for damaging the environment and pushing the animals in the deeper wilds. Allegations of illegal hunting have also been levied.
China National Petroleum Corporation
The China National Petroleum Corporation was established in 1988 and is a state-owned organization with headquarters in Beijing. The organization ranked third and has a revenue of 428.62 billion dollars.
The employee strength of the organization is close to 1 million people and is involved in the refining process, and producing natural gas. Along with producing petrochemicals, exploring oil fields and advertising and promotion of the products.
ExxonMobil is an American oil organization which has headquarters in Texas. The organization was formed in the year of 1999 through the merger of Exxon and Mobil. Presently the organization revenue is 268.9 billion dollars. The organization is working on crude oil, petrochemicals, natural gas, and other oil products.