Top 10 Largest Natural Gas Companies in the World 2020, Largest Natural Gas Producers
largest natural gas companies

The Current State of the Global Natural Gas Industry

The global natural gas industry continues to see consistent growth over the last decade, led by the top 10 largest natural gas companies in the world. Since the financial crisis, demand and consumption have increased all over the world due to economies prospering. Natural gas production has been rising since the economic crisis of 2009 with a compound annual growth rate of 2.8%. In terms of market performance, leading the way for the largest natural gas producers is China National Petroleum Corporation — the largest gas company in the world by revenue. The top natural gas producers after CNPC are the Saudi-based Saudi Aramco and Royal Dutch Shell from the Netherlands & UK rounding out the top 10 largest natural gas companies in the world in 2020 by revenue. This post will breakdown the major natural gas companies in detail and answer the following questions about the industry:

 

  • What are the largest natural gas companies in the world by revenue?
  • What are the largest natural gas companies in the US?
  • Global natural gas industry stats and trends you should know.
  • How big is the global natural gas industry?

 

BizVibe is already helping the top natural gas producers in the world connect with its worldwide clients. Connect and track the latest news and insights from these companies.

Global Natural Gas Industry Statistics and Trends

  • In 2018, global natural gas production hit a new record of 3937 Billion cubic meters, a 4.0% increase compared to 2017.
  • Natural gas production has been rising since the economic crisis of 2009 with a compound annual growth rate of 2.8%.
  • The United States had the greatest relative increase in production at 11.5%.
  • Canada is the 4th largest global producer of natural gas.
  • The average annual growth rate of natural gas consumption in China was 13.3% per year over the last nine years.
  • Global gas trade passed the 1.2 Tcm threshold in 2018, with growth mostly accounted for by the increase in global LNG trade which rose by 7.3%. China has emerged as a clear driver of import growth, increasing by 19.8 Bcm in 2018.

Top 10 Largest Natural Gas Companies in the World 2020

Who are the top 10 largest natural gas companies in the world by revenue in 2020? The following is a list of top natural gas producers ranked by their revenue figures in USD billion.

 

Rank

Natural Gas Company

Revenue (USD billions)

Headquarters

1China National Petroleum Corporation392.9Beijing, China
2Saudi Aramco355.9Dhahran, Saudi Arabia
3Royal Dutch Shell344.9The Hague,​ Netherlands
4BP282.62London, England, UK
5ExxonMobil279.3Texas, USA
6Total S.A.209.36Courbevoie, France
7Chevron Corporation158.9California, USA
8ONGC119.6New Delhi, India
9Gazprom112Saint Petersburg, Russia
10Lukoil102Moscow, Russia
largest natural gas producers

1.    China National Petroleum Corporation

 

What is the largest natural gas producer in the world? China National Petroleum Corporation is the largest natural gas company in the world by revenue. China National Petroleum Corporation generated revenues of USD 392.9 billion — ranking the company number 1 on this list of the largest natural gas companies in the world by revenue as of 2020. CNPC is China’s largest natural gas producer, producing over 109.37 million cubic meters of natural gas per year in China. The China National Petroleum Corporation is a major national oil and gas corporation of China PR, with its headquarters in Dongcheng District, Beijing. The company has operations in Iraq, Iran, Malaysia, Syria, Kazakhstan, Uzbekistan, Xinjiang Pipeline, Afghanistan, South Sudan, Russia, and New Zealand.

 

  • Founded: 1988
  • CNPC Headquarters: Dongcheng District, Beijing, China
  • CNPC Revenue: USD 9 billion
  • CNPC Number of Employees: 1,636,532
  • CNPC Natural Gas Production: 109.37 cubic meters

 

CNPC Products and Services

 

  • Petroleum
  • Natural gas
  • Petrochemicals

 

2.    Saudi Aramco

 

Ranking number 2 on this list of the top 10 largest natural gas producers in the world is Saudi Aramco, Saudi Arabian multinational petroleum and natural gas company based in Dhahran, Saudi Arabia. According to Bloomberg News, Saudi Aramco is the most profitable company in the world. At 270 billion barrels, Saudi Aramco has the largest daily oil production of all oil-producing companies. The company is owned by the Government of Saudi Arabia and generated USD 355.9 billion — making it one of the largest natural gas producers companies in the world.

 

  • Founded: 1933
  • Saudi Aramco Headquarters: Dhahran, Saudi Arabia
  • Saudi Aramco Revenue: USD 9 billion
  • Saudi Aramco Number of Employees: 76,000

 

Saudi Aramco Products and Services

 

  • Petroleum
  • Natural gas
  • Petrochemicals

 

3.    Royal Dutch Shell

 

Royal Dutch Shell ranks 3rd on this list of the top 10 largest natural gas companies in the world by revenue, generating USD 344.9 billion last year. Royal Dutch Shell is a British-Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in England. Royal Dutch Shell is the largest company in Europe measured by revenues. Royal Dutch Shell produces 9.3 billion cubic feet of natural gas per day with 34% of the company’s natural gas production coming from the East and Southeast Asia regions, and 32% coming from Europe; while the remaining 17% coming from North America. Royal Dutch Shell has a market capitalization of about USD 229.46 billion — making it one of the most reliable market performers around. Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, transport, distribution and marketing, petrochemicals, power generation, and trading.

 

  • Founded: 1907
  • Royal Dutch Shell Headquarters: Haagse Hout, The Hague,​ Netherlands
  • Royal Dutch Shell Revenue: USD 9 billion
  • Royal Dutch Shell Number of Employees: 82,000
  • Royal Dutch Shell Natural Gas Production: 9.3 billion cubic feet per day

 

Royal Dutch Shell Products and Services

 

  • Petroleum
  • Natural gas
  • Petrochemicals

 

4.    BP

 

BP ranks number 4 on this list of the top natural gas producers in the world with last year’s revenues exceeding USD 282.62 billion. BP is a multinational oil and gas company headquartered in London, United Kingdom. BP produces 8.7 billion cubic feet of natural gas per day— making it also one of the largest natural gas producers in the world. The company currently is headquartered out of the UK and has over 73,000 employees throughout its many operations. Currently, BP has operations in nearly 80 countries worldwide. In addition to natural gas production, BP is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation, and trading. It also has renewable energy interests in biofuels, wind power, smart grid, and solar technology.

 

  • Founded: 1909
  • BP Headquarters: London, England, UK
  • BP Revenue: USD 62 billion
  • BP Number of Employees: 73,000
  • BP Natural Gas Production: 8.7 billion cubic feet per day

 

BP Products and Services

 

  • Petroleum
  • Natural gas
  • Motor fuels
  • Aviation fuels
  • Petrochemicals

 

5.    ExxonMobil

 

Ranking 5th on this list of the top 10 largest natural gas companies in the world by revenues is ExxonMobil, an American multinational oil and gas corporation headquartered in Irving, Texas. ExxonMobil has substantial investments in natural gas, including the acquisition of the largest independent natural gas producer in the USA, XTO Energy. Exxon Mobil had a market capitalization of USD 311.96 billion — making it one of the most lucrative companies in the world for investment. ExxonMobil generated revenues of USD 279.3 billion last year and produces 9.97 billion cubic feet of natural gas daily.

 

  • Founded: 1999
  • ExxonMobil Headquarters: Irving, Texas, USA
  • ExxonMobil Revenue: USD 3 billion
  • ExxonMobil Number of Employees: 71,000
  • ExxonMobil Natural Gas Production: 9.97 billion cubic feet per day

 

ExxonMobil Products and Services

               

  • Crude oil
  • Oil products
  • Natural gas
  • Petrochemicals
  • Power generation

 

6.    Total S.A.

  

Ranking 6th on BizVibe’s list of the major natural gas companies ranked by revenue is Total S.A., a French multinational integrated oil and gas company founded in 1924 and one of the seven “Supermajor” oil companies in the world. Total S.A. produces 6.99 million cubic feet of natural gas daily. The company also has a market capitalization of approximately USD 135.9 billion. Total S.A. businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. Total is also a large scale chemicals manufacturer. The company generated USD 209.36 billion — making it one of the largest natural gas companies in the world by revenue.

 

  • Founded: 1924
  • Total S.A. Headquarters: Tour Total, Courbevoie, France
  • Total S.A. Revenue: USD 209.36 billion
  • Total S.A. Number of Employees: 104,000
  • Total S.A. Natural Gas Production: 6.99 million cubic feet per day

 

Total S.A. Products and Services

               

  • Oil and gas exploration and production
  • Natural gas and LNG trading and transportation
  • Oil refining
  • Chemicals
  • Solar and biomass

 

7.    Chevron Corporation

 

Chevron Corporation ranks 7th on this list of the largest natural gas producers in the world with revenues exceeding USD 158.9 billion last year. Chevron Corporation is headquartered in California, USA, and produces about 5.86 billion cubic feet of natural gas daily, making it one of the largest natural gas companies in the US. Chevron Corporation is active in over 180 countries and covers every aspect of the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration and production; refining, marketing, and transport; chemicals manufacturing and sales; and power generation.

 

  • Founded: 1879
  • Chevron Headquarters: San Ramon, California, USA
  • Chevron Revenue: USD 158.9 billion
  • Chevron Number of Employees: 51,900
  • Chevron Natural Gas Production: 5.86 billion cubic feet per day

 

 

Chevron Products and Services

               

  • Petroleum
  • Natural gas
  • Petrochemicals

 

8.    Oil and Natural Gas Corporation (ONGC)

 

Oil and Natural Gas Corporation is an Indian Multinational Crude Oil and Gas Corporation. Its registered office is in New Delhi, India. The company is owned by the Government of India and is the largest oil and gas exploration and production company in India. Last year ONGC generated revenues of USD 119.6 billion, making it one of the top natural gas producers in the world ranked by annual revenues.

 

  • Founded: 1956
  • ONGC Headquarters: New Delhi, India
  • ONGC Revenue: USD 119.6 billion
  • ONGC Number of Employees: 33,650

 

 

ONGC Products and Services

               

  • Petroleum
  • Natural gas
  • LNG
  • Lubricants
  • Petrochemicals
  • Electricity

 

9.    Gazprom

 

Ranking 9th on this list of the top 10 largest natural gas companies in the world is  Gazprom, a partially state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg, Russia. Last year Gazprom generated revenues of USD 112 billion and currently produces 35.2 billion cubic feet. Gazprom produces 12% of the total world’s natural gas on an annual basis — making it among the top natural gas producers in the world in terms of output. Gazprom also has a market capitalization of about USD 80.56 billion. Gazprom is vertically integrated and is active in every area of the gas industry, including exploration and production, refining, transport, distribution and marketing, and power generation.

 

  • Founded: 1989
  • Gazprom Headquarters: Saint Petersburg, Russia
  • Gazprom Revenue: USD 112 billion
  • Gazprom Number of Employees: 469,600
  • Gazprom Natural Gas Production: 35.2 billion cubic feet per day

 

 

Gazprom Products and Services

               

  • Petroleum
  • Natural gas
  • Petrochemicals

 

10.  Lukoil

 

Rounding out BizVibe’s list of the top 10 largest natural gas companies in the world is Lukoil, a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, and petroleum products. Last year the company generated USD 102 billion in revenues and operates in more than 40 countries around the world.

 

  • Founded: 1991
  • Lukoil Headquarters: Moscow, Russia
  • Lukoil Revenue: USD 102 billion
  • Lukoil Number of Employees: 107,405

 

 

Lukoil Products and Services

               

  • Petroleum
  • Natural gas
  • Petrochemicals

 

This is BizVibe’s list of the top 10 largest natural gas companies in the world in 2020 ranked by revenue. These companies are driving stellar growth in arguably the most profitable industry in the world, providing the world with the natural resources to run entire economies.

 

Reach out to the top natural gas producers today on BizVibe.

Largest Natural Gas Producers by Revenue – Complete List

Here is a complete list of the top 35 of the largest natural gas producers in the world ranked by revenue Which one of these companies will eventually enter the top 10 largest natural gas companies in the world list?

 

Rank

Natural Gas Company

Revenue (USD billion)

Country

1China National Petroleum Corporation392.9China
2Saudi Aramco355.9Saudi Arabia
3Royal Dutch Shell344.9Netherlands & UK
4BP282.62UK
5ExxonMobil279.3USA
6Total S.A.209.36France
7Chevron Corporation158.9USA
8ONGC119.6India
9Gazprom112Russia
10Lukoil102Russia
11Rosneft118.46Russia
12Valero Energy117.033United States
13JX Holdings103.13Japan
14Phillips 66102.35United States
15Marathon Petroleum96.504United States
16Petrobras95.6Brazil
17Pemex85.4Mexico
18Equinor79.6Norway
19Kuwait Petroleum Corporation79.45Kuwait
20Eni76Italy
21PTT68.24Thailand
22Engie67.68France
23SOCAR65.41Azerbaijan
24Indian Oil Corporation65.1India
25Reliance Industries64.6India
26Repsol58.9Spain
27Pertamina57.9Indonesia
28Idemitsu Kosan44.1Japan
29OMV Group Austria
30Sonatrach39Algeria
31ConocoPhillips38.727United States
32Hindustan Petroleum37.17India
33Centrica29.7United Kingdom
34Petronas26.92Malaysia
35PDVSA23.3Venezuela

The Future of the Global Natural Gas Industry

The consumption of natural gas is going nowhere as economies are prospering at rates never before seen. As mentioned above, the market has seen consistent growth for nine consecutive years — led by innovations and globalization from the largest natural gas companies in the world. Expect similar trends to continues as natural gas investments remain extremely lucrative.

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