Top 10 Oil and Gas Companies in the World in 2025
The oil and gas sector in 2024 continues to thrive, with companies showcasing robust growth and adaptability. This research is based on reviews from the respective companies’ websites, focusing on their latest Q3 results. Financial data may vary depending on quarterly performance, and there could be inaccuracies due to changing market conditions. Readers are encouraged to verify the details directly from the companies’ websites and provide suggestions or corrections in the comments section. In short, This article covers the Top 10 Oil and Gas Companies in the World in 2025 based on there Q3 results in 2024.
Marathon Petroleum1
Ranked 10th as per review as top 10 oil and gas companies in the world, Marathon Petroleum, under the leadership of CEO Michael J. Hennigan since March 2020, has maintained a strong position in the oil and gas sector. For Q3 2024, the company reported a net income of $1.1 billion and revenue of $35 billion, with a net profit margin of 3.14%. The company has been focusing on refining and midstream operations, ensuring consistent growth and profitability. With significant investments in infrastructure and technology, Marathon Petroleum continues to solidify its market presence. The company is also actively exploring avenues to increase efficiency and reduce its carbon footprint, aligning with global sustainability goals. By leveraging digital transformation strategies, Marathon Petroleum is setting an example for operational excellence.
ConocoPhillips2
ConocoPhillips, ranked 9th in the Top 10 Oil and Gas Companies in the World in 2025, has demonstrated stable growth in Q3 2024, reporting a net income of $205.9 million and revenue of $1.35 billion. The company achieved a net profit margin of 15.27%. Underpinning this growth is a 26.41% increase in net income and a 20.73% growth in operating income, driven by efficiency improvements in its upstream operations. ConocoPhillips’ strategic focus on exploration and production activities in key geographic regions has bolstered its financial performance. The company’s disciplined approach to capital allocation ensures long-term value creation for stakeholders. Additionally, ConocoPhillips is investing in low-carbon solutions and integrating sustainable practices into its core operations, positioning itself as a forward-thinking leader in the energy sector.
BP3
Ranked 8th in the oil and gas companies in the world, BP, led by CEO Murray Auchincloss since July 1, 2020, reported a net income of $3.29 billion and revenue of $58 billion for Q3 2024. The company has successfully leveraged its integrated operations, encompassing upstream, downstream, and renewable energy projects, to secure a competitive edge in the market. BP’s consistent profitability growth reflects its commitment to innovation and sustainability, positioning it as a leader in the energy transition. The company’s focus on renewable energy, including wind and solar projects, underscores its commitment to diversifying its energy portfolio. By investing in advanced technologies and partnerships, BP aims to achieve net-zero emissions by 2050, demonstrating its dedication to a sustainable energy future.
Chevron4
Chevron, ranked 7th in the Top 10 Oil and Gas Companies in the World in 2025, with Mike Wirth at the helm since February 1, 2018, remains a significant player in the oil and gas industry. For Q3 2024, the company reported a net income of $6.5 billion and revenue of $54 billion. Chevron’s strong focus on LNG and upstream operations has been a cornerstone of its success. The company’s investments in advanced technology and strategic partnerships have further enhanced its operational efficiency and market competitiveness. Chevron is also expanding its renewable energy initiatives, including biofuels and hydrogen projects, to address global energy challenges. By integrating sustainability into its business model, Chevron is well-positioned to meet the evolving demands of the energy market.
PetroChina5
Ranked 6th in the Top 10 Oil and Gas Companies in the World in 2025, PetroChina, Asia’s energy giant, has continued to dominate the market with robust financial performance in Q3 2024. The company reported a net income of CNY 4.39 KCr (~$6.8 billion) and revenue of CNY 70.24 KCr (~$109 billion). PetroChina’s growth is attributed to its strong revenue generation and operational efficiency across upstream, midstream, and downstream segments. The company’s commitment to innovation and sustainability has further strengthened its position in the global energy market. PetroChina is actively investing in renewable energy projects, including wind and solar farms, to diversify its energy portfolio. By leveraging advanced technologies, the company aims to enhance its operational efficiency and reduce its environmental footprint, aligning with global sustainability trends.
TotalEnergies6
Ranked 5th in the Top 10 Oil and Gas Companies in the World in 2025, TotalEnergies in the top 10 oil and gas companies in the world under the leadership of CEO Patrick Pouyanné since October 22, 2014, has established itself as a leader in renewable energy investment while maintaining robust profitability in traditional oil and gas operations. For Q3 2024, the company reported a net income of $7.2 billion and revenue of $47.4 billion. TotalEnergies’ integrated approach to energy production and distribution has enabled it to achieve consistent financial success. The company’s focus on renewable energy projects, including offshore wind farms and solar power plants, highlights its commitment to the energy transition. TotalEnergies is also investing in energy storage solutions and electric vehicle infrastructure, reinforcing its position as a global leader in sustainable energy solutions.
ExxonMobil7
Ranked 4th in the top 10 oil and gas companies in the world, ExxonMobil, led by Darren Woods since January 1, 2017, continues to excel in the oil and gas industry. For Q3 2024, the company reported a net income of $9.07 billion and revenue of $89.1 billion. ExxonMobil’s leadership in upstream activities, supported by innovation and economies of scale, has been pivotal to its success. The company’s focus on advanced technology and sustainable practices positions it as a frontrunner in the energy sector. ExxonMobil is also advancing its low-carbon initiatives, including carbon capture and storage (CCS) projects, to address climate change challenges. By integrating sustainability into its business strategy, ExxonMobil aims to create long-term value for its stakeholders while contributing to a more sustainable energy future.
Shell8
Ranked 3rd in the top 10 best oil and gas companies in the world, Shell, under CEO Wael Sawan since January 1, 2023, has achieved remarkable financial performance in Q3 2024. The company reported a net income of $11.5 billion and revenue of $98 billion. Shell’s strategic investments in integrated gas and renewable projects have reinforced its market position and highlighted its commitment to sustainability and innovation. The company’s ability to adapt to changing market conditions has been a key driver of its success. Shell is also investing in electric vehicle charging networks and hydrogen production facilities to support the global energy transition. By leveraging its expertise in energy innovation, Shell aims to play a pivotal role in shaping the future of sustainable energy.
Saudi Aramco9
Ranked 2nd in the Top 10 Oil and Gas Companies in the World in 2025, Saudi Aramco, the global leader in the oil and gas sector, reported a net income of $31 billion and revenue of $120 billion for Q3 2024. The company’s unmatched scale and operational efficiency have enabled it to maintain its leadership position. Saudi Aramco’s focus on strategic investments and innovation continues to drive its growth and profitability, setting industry benchmarks for financial performance. The company is also advancing its sustainability initiatives, including investments in renewable energy and carbon-neutral technologies. By leveraging its extensive resources and expertise, Saudi Aramco aims to play a key role in the global energy transition while maintaining its position as an industry leader.
Sinopec10
Ranked 1st in the Top 10 Oil and Gas Companies in the World in 2025, Sinopec, also known as China Petroleum & Chemical Corporation, reported a net income of $33 billion and revenue of $150 billion for Q3 2024. The company has outperformed its peers with significant investments in upstream and downstream sectors, as well as advancements in petrochemicals. Sinopec’s integrated approach to energy production and distribution has been a key factor in its financial success. The company is also investing in green hydrogen and renewable energy projects to diversify its energy portfolio. By integrating sustainability into its operations, Sinopec is positioning itself as a leader in the energy transition, addressing global energy challenges with innovative solutions.
Conclusion
The financial performance of these companies highlights the resilience and adaptability of the oil and gas sector. Companies like TotalEnergies and BP are leading the energy transition with investments in renewable energy, while traditional giants such as ExxonMobil and Chevron continue to dominate with significant upstream operations. Saudi Aramco and Sinopec have set industry benchmarks with extraordinary financial performance in 2024. Readers are encouraged to verify the details directly from the companies’ websites and provide feedback for further improvement.
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References
- Marathon Petroleum ↩︎
- ConocoPhillips ↩︎
- BP ↩︎
- Chevron ↩︎
- PetroChina ↩︎
- TotalEnergies ↩︎
- ExxonMobil ↩︎
- Shell ↩︎
- Saudi Aramco ↩︎
- Sinopec ↩︎
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