Please disable your Ad Blocker to better interact with this website.

Image Image Image Image Image Image Image Image Image Image

Affluent Christian Investor | September 21, 2017

Scroll to top


No Comments

Becoming Big Oil: How the 10 Largest Oil Companies Were Born

Courtesy of: Visual Capitalist

Courtesy of: Visual Capitalist

The size and scope of Big Oil is truly mind-boggling.

For example, Chinese government-owned Sinopec, the world’s largest oil company by 2014 revenues, employs 358,571 people and brought in a whopping $455 billion in revenue last year.

Royal Dutch Shell is no slouch, either. The world’s third largest oil company generated $422 billion in revenue in 2014 and is the U.S. market leader in gas stations with 25,000.

Collectively, the numbers from the world’s 10 biggest oil companies are even more impressive. Worldwide, they generated $3.26 trillion in revenue in 2014, which is more than the entire GDP of the United Kingdom. The combined daily oil production of these same companies is 40 million barrels of oil, enough to fill 2,543 Olympic-sized swimming pools.

Big Oil has more behemoth companies than all other industries combined. Even with the recent decline in oil prices, half of Fortune’s 10 Largest Companies list is composed of oil conglomerates. The Swiss commodity giant Glencore, one of the “other” five companies on the list, also makes a significant portion of revenue from trading oil.

The question is: how did these companies get so big?

Today’s infographic, from drill rig supplier Rigsource, tries to answer this question. Looking at a century of mergers and acquisitions, it becomes clear that these companies were not always giants. They became their current size through various mergers and acquisitions that happened over the course of the last century, and it is these economies of scale that has allowed them to generate the kind of revenue they do today.


Originally posted on Visual Capitalist.

Visual Capitalist creates and curates enriched visual content focused on emerging trends in business and investing. Founded in 2011 in Vancouver and reaching millions of investors each year, Visual Capitalist’s work has been featured in The Wall Street Journal, Gizmodo, The New York Times, Maclean’s, The Vancouver Sun, and Business Insider.


Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

The Affluent Mix

Become An Insider!

Sign up for Affluent Investor's free email newsletter and receive a free copy of our report, "How the Trump Impeachment Crusade Costs you Money ."

Send this to a friend