The energy field is a vast and ever-changing landscape. With the rise of renewable energy and the fall of fossil fuels‚ there are many different players in the game. Some are new to the scene‚ while others have been around for centuries. So‚ who are the major players in the energy field? Here’s a quick rundown of some of the most important companies to know.
ExxonMobil
ExxonMobil is an American multinational oil and gas corporation headquartered in Irving‚ Texas. It is the largest direct descendant of John D. Rockefeller’s Standard Oil Company‚ and was formed on November 30‚ 1999 by the merger of Exxon and Mobil. ExxonMobil’s primary business is petroleum exploration and production; it also trades in petrochemicals‚ natural gas‚ and power generation.
The company has about 75‚000 employees and contractors worldwide.
Chevron
As one of the largest oil companies in the world‚ Chevron is a major player in the energy field. With operations in more than 180 countries‚ Chevron is engaged in every aspect of the oil and gas industry‚ from exploration and production to refining and marketing.
Chevron is also a leading manufacturer of lubricants‚ chemicals‚ and plastics. In addition to its core businesses‚ Chevron has interests in solar‚ wind‚ and other renewable energy sources.
ConocoPhillips
ConocoPhillips (NYSE: COP) is one of the world’s largest independent exploration and production companies‚ with operations in more than 30 countries. The company explores for‚ develops and produces crude oil and natural gas. ConocoPhillips also has a significant refining business.
ConocoPhillips was formed in August 2002 through the merger of Conoco Inc. and Phillips Petroleum Co. The merger created a company with a strong portfolio of upstream assets and a leading position in the liquids-rich U.S. shales.
The company has proved reserves of 8 billion barrels of oil equivalent (BOE)‚ including 1.4 billion BOE from U.S. shales as of year-end 2018. In 2018‚ ConocoPhillips produced 1‚580 million BOE (1‚258 thousand barrels per day)‚ including 573 thousand barrels per day (Mbpd) from U.S. shales operations.
Anadarko Petroleum
Anadarko Petroleum is one of the leading companies in the energy field. They are engaged in the exploration‚ development‚ and production of oil and gas properties. Anadarko has a strong presence in the United States and internationally. In 2017‚ they had an estimated 2.6 billion barrels of oil equivalent of proved reserves.
Marathon Petroleum
Marathon Petroleum is an American petroleum refining‚ marketing‚ and transportation company headquartered in Findlay‚ Ohio. The company was a subsidiary of Marathon Oil until it was spun off in 2011.
EOG Resources
There are a variety of companies that are in the energy field‚ including those that focus on renewable energy sources‚ such as wind and solar power. Other companies may focus on traditional forms of energy‚ such as fossil fuels. Here is a list of some companies that are in the energy field:
- ExxonMobil: One of the world’s largest oil and gas companies.
- BP: A British oil and gas company with operations in over 70 countries.
- Shell: A multinational oil and gas company with operations in over 90 countries.
- ConocoPhillips: An American oil and gas company with operations in more than 30 countries.
- Chevron: An American oil and gas company with operations in more than 180 countries.
Devon Energy
Devon Energy is an oil and gas exploration and production company with operations in the United States‚ Canada‚ and Australia. The company’s U.S. operations are focused in the Permian Basin‚ Anadarko Basin‚ and Powder River Basin. Devon also has a substantial position in the liquids-rich Haynesville shale play in northwestern Louisiana. In Canada‚ Devon operates in the Alberta Deep basin‚ Horn River basin‚ Montney formation‚ and Duvernay formation.
In 2017‚ Devon completed the sale of its operations in Brazil and Gabon for a total of $2.6 billion. The company also sold its interest in an Uinta Basin oil field for $1 billion. These divestitures were part of Devon’s strategy to focus on its core North American assets.
As of December 31‚ 2017‚ Devon had estimated proved reserves of 2 billion barrels of oil equivalent (BOE)‚ including 1 billion BOE of crude oil and condensate‚ 1 billion BOE of natural gas liquids (NGLs)‚ and 3 trillion cubic feet (Tcf) of natural gas. The company’s proved reserve life index was 11 years for crude oil and condensate‚ 12 years for NGLs‚ and 24 years for natural gas at year-end 2017.
Southwestern Energy
Southwestern Energy is an American natural gas and oil company headquartered in Houston‚ Texas. The company is engaged in the exploration‚ development‚ production‚ gathering‚ and marketing of natural gas and crude oil primarily in the United States. Southwestern Energy also owns approximately 72% of Midstream Partners LP (NYSE: MMP)‚ a publicly traded midstream master limited partnership. As of December 31‚ 2016‚ Southwestern Energy had 2.1 billion barrels of oil equivalent (Boe) of proved reserves‚ 56% of which were natural gas and 44% were crude oil and condensate.
Southwestern Energy was founded in 1929 as Pennsylvania-Texas Corporation and changed its name to Southwestern Petroleum Corporation in 1963. In 1984‚ the company acquired Tulsa-based Southwest Gas Corporation‚ which was subsequently renamed Southwestern Energy Company. In 2001‚ Southwestern spun off its domestic refining and marketing operations into a separate company called PAA Natural Gas Storage L.P.‚ which was later sold to National Fuel Gas Company in 2004. In 2010‚ Southwestern sold its interest in PAA Natural Gas Storage to Kinder Morgan for $1.8 billion.
Chesapeake Energy
Chesapeake Energy is one of the largest producers of natural gas in the United States. The company is headquartered in Oklahoma City‚ and its operations are primarily focused in the Appalachian Basin and Permian Basin. Chesapeake also has a large land position in the Haynesville Shale play in Louisiana and East Texas.
In addition to natural gas‚ Chesapeake is also one of the leading producers of oil and natural gas liquids (NGLs) in the U.S.‚ with significant production from both conventional reservoirs and shale plays. The company has a diversified portfolio of assets across multiple plays and basins‚ which provides it with flexibility to adjust its production mix in response to changes in market conditions.
Chesapeake is one of the largest independent exploration and production (E&P) companies in the U.S.‚ with a proven track record of successful drilling and development activities. The company has a strong focus on operational excellence and cost discipline‚ which has enabled it to generate industry-leading margins and returns.
