The Largest Oil and Gas Companies in the World

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 The Largest Oil and Gas Companies in the World
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With a field as expansive as the oil and gas
industry, many companies such as Winson Oil have
been clamoring for their own sweet slice of the
pie. Yet with every competition, there are
winners that come out on top. These giants which
stand towering over the rest hold the majority of
the market share and their health is often an
indication of the industry as a whole. With the
COVID-19 pandemic sweeping across the globe,
these large companies have been hit hard. Who are
these massive enterprises and how are they faring
amidst these turbulent times? Here are the
largest oil companies in the world and what their
presence means for the world at large.
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The Biggest Fish In An Oily Pond
With the pandemic in full swing and variants
popping out of seemingly nowhere, the oil
industry has been feeling the impact. According
to the Visual Capitalist, compared to 2019,
global energy consumption has dipped 4.5 whereas
oil demand has fallen 9.  While many have
speculated that such a drastic change would have
long-term implications for the industry at large,
2021 has shown that may not be the case.
Especially with the oil powerhouse known as Saudi
Aramco. Most of the top oil companies in the
world are worth billions of dollars. But the
creme de la creme, Saudi Aramco belongs in the
prestigious trillion-dollar club with the likes
of tech giants such as Apple and Microsoft being
worth 2 trillion dollars. In fact, according to
Visual Capitalist, Saudi Aramcos net worth is so
staggeringly high that it rivals the combined
value of the other top 19 in the list of largest
oil companies in the world.
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Descendants of Standard Oil
Ever heard of Standard Oil? No? Chances are that
the majority of people wouldn't have as the
corporation split up nearly 100 years ago. Yet
while you may be unaware of  Standard Oil, its
descendants, Exxon Mobil and Chevron are
well-known across the globe. Second and third on
Visual capitalists list, ExxonMobil and Chevron
are still going strong against this less than
stellar economic times. According to Visual
Capitalist, ExxonMobile is worth a whopping 250
billion whereas ExxonMobil comes in at a close
205 billion. With the demand for energy at an
all-time high and rising, it looks like the
future of these oil goliaths remains safe for the
time being.
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What does this mean?
With energy demand remaining as high as it is,
the majority of the population remains dependent
on such massive oil companies. Yet, the
consumption of these fuels results in an increase
in greenhouse gas emissions. From melting ice
caps in the Antarctic to the increased
temperatures across the globe, the excessive
burning of fossil fuels is ushering in global
warming faster than ever.  Even though new
greener sources of energy are being created
daily, they cannot account for the ever-widening
sink of energy usage. Till an alternative can be
found, expect the coming days to get hotter than
ever.
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More About Winson Oil
Founded in 1970 by Wilson Rodrigues,  Winson Oil
has established itself as one of Asias major
energy trading companies. We have offices in
various parts of the Asiatic continent including
Hong Kong, the Philippines, and
Bangalore.  Winson Oil is focused on
guaranteeing customer satisfaction. With due
diligence and strict compliance to the trading
partners specifications, we focus on building
relationships with partners and ensuring that
their efforts and contributions are
recognized.  With over 50 years of experience
under our belt, we are always trying to
understand the work of our partners better so
that we can offer end-to-end supply chain
solutions. These include onshore and offshore oil
tanks, shipping service distribution, vessels,
and essential logistics.  With a strong partner
network, a fortified position in the market and a
deep sense of customer needs, we are zealous in
offering the best services and solutions to our
clients. We are proud to continue to provide
integral solutions to our clients and hope to
spread our reach to other regions. In fact, we
have plans to open offices in countries like
Australia and New Zealand.