2017 RANKING & REVIEWS
TOP RANKING BEST OIL AND GAS COMPANIES
Finding the Best Oil and Gas Companies in the United States
We all rely on oil & gas companies, whether it’s to get us to and from our place of work, to mow our lawns, or to run our weekly errands. U.S. oil and gas companies have become an integral part of our society simply because of their unique importance to our daily lives.
But finding the top oil and gas companies is often difficult. If you live in the same area for an extended time, the top oil and gas companies may become obvious. The cheaper the prices, the more likely you will become a company’s regular customer.
Award Emblem: Top 6 Best Oil and Gas Companies
With that said, we all travel to places where the best oil and gas companies may vary depending on location. Which of the biggest oil and gas companies can you trust? Which should you avoid?
Throughout this article, we will review the six best oil and gas companies throughout the United States. It will be important to remember that all six are also considered the biggest oil and gas companies in our country.
We would like to group the top oil and gas companies with the biggest oil and gas companies because of their availability across the United States. If we ignored the biggest oil and gas companies to focus on a list of oil and gas companies that only appear in a small part of the country, we would be doing a disservice to our readers.
Therefore, throughout this article, we will discuss the best oil and gas companies across the United States in order to give you a sense of where to refuel the next time you get a chance. We will also be answering several of the most commonly asked questions, like:
- Which six stations appear on the biggest oil and gas companies list?
- How do we define the best oil and gas companies in the United States?
- What should I look for in the top petroleum companies?
- How do I benefit from becoming a patron of the biggest petroleum companies?
While the biggest oil and gas companies do not always offer the lowest prices or the most unique services of all U.S. oil and gas companies, they are the ones you will encounter most frequently.
Our article is meant to inform you of the top petroleum companies based on size and availability so you always know the best place to refill.
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AdvisoryHQ’s List of Top 6 Best Oil and Gas Companies
List is sorted alphabetically (click any of the top oil and gas companies below to go directly to the detailed review section for that company):
- Chevron Corporation
- Enterprise Products Partners L.P.
- ExxonMobil Corporation
- Marathon Petroleum Corporation
- Phillips 66
- Valero Energy Corporation
Image Source: Pexels
Top 6 Best Oil and Gas Companies | Brief Comparison
Best Oil and Gas Companies | Assets | Revenues | Profits | State of Headquarters |
Chevron Corporation | $2,661,003 mil | $122,566 mil | $4,587 mil | California |
Enterprise Products Partners L.P. | $48,952 mil | $27,028 mil | $2,512 mil | Texas |
ExxonMobil Corporation | $336,758 mil | $236,810 mil | $16,150 mil | Texas |
Marathon Petroleum Corporation | $43,115 mil | $64,471 mil | $2,848 mil | Ohio |
Phillips 66 | $48,580 mil | $85,195 mil | $4,221 mil | Texas |
Valero Energy Corporation | $44,343 mil | $87,804 mil | $3,987 mil | Texas |
Table: Top 6 gas and oil companies | Above list is sorted alphabetically
Source: Platts Top 250
Detailed Overview of What to Look for in the Biggest Oil and Gas Companies
Before you choose one of the biggest oil and gas companies for your energy needs, it will be imperative that you learn more about the features that separate some from others.
As you search for the best oil and gas companies, you will notice that even the biggest petroleum companies vary in size and capabilities. Therefore, when you look for the top oil and gas companies, you should make note of several of the following statistics:
- Assets
- Revenues
- Profits
- Return on invested capital
- Average prices
- Geographical locations
The best oil and gas companies will be found just about everywhere you go. Whenever you are on a road trip, you should be able to spot at least one of the names from this oil and gas companies list in all different parts of the country.
Additionally, it is important to know exactly what each of the terms above means. Oil & gas companies all have assets, which is defined as anything a company owns. This includes cash, inventories, the property they own, the equipment; the list goes on from there.
Successful oil and gas companies will also have a large amount of revenue, or the company’s income statement. Revenue is defined loosely as the amount of money these oil & gas companies receive from sales.
Profits, however, may be the most important thing to look for when deciding which of the biggest oil and gas companies is the best. If you take a company’s revenue and subtract all of its expenses from it, you will get the profit.
You will notice in our list of oil and gas companies that the ExxonMobil Corporation has by far the most profits. This means that they have accumulated a large amount of revenue while keeping their expenses low.
Detailed Overview of Why the Top Oil and Gas Companies Are Worth Knowing
If you are wondering why it’s important to know which gas and oil companies are the biggest and most profitable, consider the following points:
- Where They Are: As previously mentioned, knowing which of the biggest oil and gas companies to look for while on a road trip will give you a slightly better way of knowing which one you can trust. There are several smaller and more regional oil and gas companies you will find, but some of their services will differ.
- Global Presence: A global oil and gas company is one that has expanded beyond the boundaries of the United States. The best oil and gas companies, in terms of size at least, have refineries in multiple countries across the world.
- Highest Quality: You may sometimes hear that the quality of gas at certain gas and oil companies varies from place to place. By choosing one of the top oil and gas companies, you can be sure that the quality of your gas is upheld to the highest company standards.
Overall, knowing which of the top oil and gas companies to trust could save you from headaches on your drives. By choosing one for all your refueling needs, you can be confident that your vehicle will run consistently, since the quality will always be the same.
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AdvisoryHQ’s Selection Methodology
At this point, you might be asking yourself: what methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Top Ranking Top Petroleum Companies
Below, you will find a detailed review of each of the top companies from our list of oil and gas companies. We will focus on some of the most important factors that make these U.S. oil and gas companies some of the best and the biggest that you can find.
Chevron Corporation Review
Alphabetically, the first of our top oil and gas companies is the Chevron Corporation. This global oil and gas company has become so successful because of its operating system, which consists of two different segments: Upstream and Downstream.
The Upstream component of this global oil and gas company’s operating system is involved in the exploration, development, and production of crude oil and natural gas. It then processes and transports this oil and gas to the necessary locations, while also converting the gas to liquids.
Image Source: Chevron Corporation
The Downstream component helps market crude oil and refined products, and is involved in the cash management and debt financing activities. Essentially, the Downstream segment is responsible for this global oil and gas company’s administrative operations.
By separating these two essential business components, the Chevron Corporation has steadily made itself one of the biggest oil and gas companies in the world. Founded in 1879, its headquarters are currently in San Ramon, California.
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Enterprise Products Partners L.P. Review
Enterprise Products Partners L.P. has become one of the best oil and gas companies, although is may not be as well-known as some of the others on our oil and gas companies list. Founded in 1968, it is currently headquartered in Houston, Texas.
Similar to the Chevron Corporation, Enterprise Products Partners L.P. operates in multiple segments, including the NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Product Services.
Image Source: Enterprise Products Partners L.P.
These different segments are each responsible for different aspects of the company, which has helped Enterprise Products Partners L.P. quickly become one of the biggest oil and gas companies in the world.
For instance, the NGL Pipelines & Services segment operates roughly 19,500 miles of NGL pipelines and controls 15 NGL fractionators, a liquefied petroleum gas export terminal, and an NGL import facility. On the other hand, the Crude Oil Pipelines & Services focuses specifically on 5,400 miles of crude oil pipelines and has storage facilities in Oklahoma and Texas.
The biggest petroleum companies in the world must be composed of different segments simply because they are so large. Without dividing its operations into different areas of expertise, Enterprise Products Partners L.P. would have a far more difficult time competing.
ExxonMobil Corporation Review
ExxonMobil Corporation, which is the biggest of these oil & gas companies, has numbers that speak for themselves. Their profits are so large each year that it is difficult to imagine any of the other top oil and gas companies catching them in the near future.
Image Source: ExxonMobil Corporation
As one of the oldest U.S. oil and gas companies, the ExxonMobil Corporation was founded in 1870 and is based in Irving, Texas. Currently, it produces crude oil and natural gas through North and South America, Europe, Africa, Asia, Australia, and Oceania.
As of the start of 2016, this global oil and gas company had nearly 36,000 gross and over 30,000 net operated wells. Thanks to its high yearly profits, these numbers will only continue to rise, making it one of the best oil and gas companies anywhere in the world.
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Marathon Petroleum Corporation Review
Headquartered in Findlay, Ohio, the Marathon Petroleum Corporation was only recently incorporated in 2009. Nevertheless, it has become one of the top oil and gas companies because of how widely it has expanded.
By the start of 2016, Marathon became one of the biggest oil and gas companies by owning, leasing, and having ownership interests in roughly 8,400 miles of crude oil and refined product pipelines.
Image Source: Marathon Petroleum Corporation
Additionally, it owns and operates nearly 2,800 gasoline and convenience stores in 22 states across the United States. It also has 5,600 retail outlets, which are managed by independent entrepreneurs in 19 states.
Again, one of the most important aspects of the top oil and gas companies is their wide availability, which Marathon has certainly accomplished.
Phillips 66 Review
Phillips 66, one of the best oil and gas companies across the United States, operates as both an energy manufacturing and logistics company. Like some of the other top oil and gas companies, it has divided its operations into four main segments: Midstream Chemicals, Refining, and Marketing & Specialties (M&S).
Image Source: Phillips 66
These segments are responsible for various aspects of company operations, allowing specialists to focus on specific ways to make Phillips 66 one of the top petroleum companies around.
Founded in 1875, Phillips 66 is now based in Houston, Texas.
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Valero Energy Corporation Review
As a global oil and gas company, Valero Energy Corporation has set up operations in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. The company is composed of just two different segments: Refining and Ethanol.
Image Source: Valero Energy Corporation
As of February 2016, Valero improved its stance as one of the biggest petroleum companies by owning 15 petroleum refineries, which are capable of holding 3 million barrels per day. Also, they operate through 7,500 outlets under the brand names of Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco.
Valero was founded in 1955 and is based in San Antonio, Texas. As one of the biggest oil and gas companies, it continues to expand across the United States and beyond.
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Conclusion—Top 6 Best Oil and Gas Companies
While the biggest oil and gas companies will not always be considered the best oil and gas companies, they will be the ones you end up using the most. Whether you are driving far or staying close to home, you are most likely to frequent one of these top oil and gas companies than any of the others.
When analyzing the differences among various gas and oil companies, remember the definitions for revenue, assets, and profits. Ultimately, a company’s profits will be the best indicator of how well it is doing. Since profits take losses into account, a company that can retain the most money while losing the least will be the best off.
As we have shown, many of these oil and gas companies operate in convenience stores of various names. In general, the top oil and gas companies make some of the highest profits in the world. The six featured throughout this article have proven they can compete with the best and will continue to do so for years to come.
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