World OIL and Gas Companies IQ Report

8/13/2019 World OIL and Gas Companies IQ Report

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THE WORLDS BIGGEST OIL & GAS COMPANIES& THE INDUSTRY GIANTS WHO LEAD THEM

Sumit DuttaNovember 2013


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INTRODUCTION 3

SAUDI ARAMCO 4

GAZPROM 6

NIOC 8

EXXONMOBIL 10

ROSNEFT 12

SHELL 14

PETROCHINA 16

PEMEX 18

CHEVRON 20

KUWAIT PETROLEUM COMPANY 22

BP 22

THE TOP 11 BY THE NUMBERS 26

SOCIAL OIL & GAS 27

SOURCES 28

ABOUT OIL & GAS IQ 30

Published By


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The world relies on the Oil & Gas industry.

According to the US Energy Information Association,

America alone consumed a total of 6.87 billion barrels

(18.83 million barrels per day) in 2011.

This represents approximately 22% of total world

petroleum consumption.

But who are the key players in the oil and gas industry?

In recent years the traditional super majors have seen

stiff competition from the growing number of National

Oil Companies state owned entities that are

increasingly seizing sole rights to major oil reserves.

In this eBook we count down the eleven biggest oil and

gas companies in the world ranked by the volume of oil

and natural gas equivalent produced every day and take

a closer look at the visionaries who lead them.

Sumit Dutta

Oil & Gas IQ

November 2013

The Worlds Biggest Oil& Gas Companiesvisit www.OilandGasIQ.com


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Saudi Aramco

BPD 12.7 million

(Barrels of Oil & Natural Gas Equivalent Per Day)

Founded 1933

Headquarters Dhahran, Saudi Arabia

State Owned? Yes

CEO Khalid A. Al-Falih

Revenue US$ 356 Billion

Employees 56,066 (2011)

Saudi Arabias national oil and gas company is widely

viewed as the most valuable company in the world

with an estimated value of $10 trillion and generates

over $1bn every day in revenues.

The company was initially founded in 1933 by Standard

Oil of California (SoCal) as California-Arabian Standard

Oil Co. Over the years the Saudi government gained an

increasingly shareholding share until 1988 when it took

full control of the company and rebranded from to

Aramco (Arabian American Oil Company) to Saudi

Aramco (Saudi Arabian Oil Company). Since then the

company has gone from strength to strength.

Saudi Aramco has an impressive number of firstsincluding the worlds largest cruse oil reserves, the

largest daily production of oil, the worlds largest

hydrocarbon network, and ownership of the Ghawar

field, the worlds largest oil field.

In addition to domestic refineries, Saudi Aramco also

has interest in international refineries in Korea, Japan,

the US and China.

KHALID A AL-FALIHPresident & Chief Executive Officer

Al-Falih holds a BSc in mechanical engineering from

Texas A&M University and an MBA from the King Fahd

University of Petroleum and Minerals.

Khalid A. Al-Falih was appointed president and CEO in

2009. Under Al-Falihs, the company manages the

world's largest proven oil reserves, and is the worlds

largest producer exporter of crude oil.

A veteran of Saudi Aramco for his entire three decade

career, Al-Falih served in key leadership positions

including executive vice president for Operations,

senior vice president of Gas Operations and Industrial

Relations, president of Petron Corporation (a jointventure between Saudi Aramco and the Philippine

National Oil Company) and he was the first head of

Saudi Aramcos New Business Development unit.

He is a well-known advocate for higher education in

Saudi Arabia. Since 2008, he has served as a founding

member of the Board of Trustees of the King Abdullah

University of Science and Technology.

He is also a member of the Asia Business Council and

J.P. Morgan International Council. He also serves on theSaudi Arabian Supreme Council of Petroleum and

Mineral Affairs.

Al-Falih is involved in social programs, and served as

chairman of Dammam City Municipal Council. His board

memberships include the Technical and Vocational

Training Corp, the Prince Sultan Bin Abdul Aziz Fund for

Supporting Small Business Projects for Women, and the

Eastern Province Society for the Handicapped.

DID YOU KNOW?

Saudi Aramco is the only private organization the FAA

allows to own and operate its own airports.

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Learn More http://bit.ly/I7UnLDRoot Cause Analysis: Defined by Saudi Aramco



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HIGH FLYERS: SAUDI ARAMCO OPERATE THEIR OWN AIRLINES AND AIRPORTS


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Gazprom

BPD 8.1 million

Founded 1989

Headquarters Moscow, RussiaState Owned? Yes

Key Personnel Viktor Zubkov (Chairman)

Alexei Miller (VC &CEO)

Revenue US$ 158.1 Billion (2011)

Employees 393,000

Another national oil company (NOC),

Russias Gazprom is the second largest oil and gas

company by production volume.

The company, whose name is a contraction of Gazovaya

Promyshlennost meaning "gas industry", formed in

1989 when the Ministry of Gas was transformed into a

corporation and later privatised in 1993.

Although a private company, the majority of the

company is owned by the Russian government.

Following major reforms initiated by President Vladimir

Putin, the company saw a shift in management

personnel and policy and later sales by its major

subsidiaries resulted in the Russian government gainingthe controlling share in the company.

The company is largest producer of natural gas

worldwide and is one of the most important companies

to the Russian economy and in 2008 represented 10%

of the national GDP.

Gazprom is also a media powerhouse and its subsidiary

Gazprom Media owns NTV, the only state independent

national network in Russia.

ALEXY MILLERDeputy Chairman of the Board of Directors, Chairman

of the Management Committee

Miller graduated from Voznesensky Leningrad Finance

and Economics Institute and holds a PhD in Economics.

Upon graduation, Alexey Miller was engineer economist

at the General planning division of Leningrad Civil

Construction Research and Design Institute.

He has a long history of working in the energy sector

including the role of Deputy Energy Minister of the

Russian Federation. He has been Chairman of the

Management Committee of Gazprom since 2001 and

Deputy Chairman of the Board of Directors since 2002.

Miller has also been awarded several prestigioushonours including Order of the Hungarian Republic

Cross for the services in the energy cooperation sector

and the Order of Merit of the Italian Republic.

DID YOU KNOW?

Gazprom loves sports! The company is the owner of

football club Zenit St. Petersburg and sponsors of

Schalke 04, Red Star Belgrade, Russian professional

cycling team Team Katusha, the UEFA Champions

League and UEFA Super Cup.

In September 2013, Gaxprom signed on as an official

FIFA partner from 2015 up to and including the FIFA

World Cup 2018 to be held in Russia.

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Learn More http://bit.ly/1doipQARussias Impact on the Asia Pacific Oil Market



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HULK SMASH! GAZPROM SPONSOR A NUMBER OF FOOTBALL TEAMS

INCLUDING FC ZENIT SAINT PETERSBURG


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National Iranian

Oil Co (NIOC)

BPD 6.1 million

Founded 1948

Headquarters Tehran, Iran

State Owned? Yes

Key Personnel Bijan Namadar Zangeneh (MP)

Roknoddin Javadi (MD)

Revenue US$ 85 Billion (2010)

Employees 41,000 (2011)

The third largest oil and gas company is the National

Iranian Oil Co.

The company that was to become BP, AICO (Anglo-

Iranian Oil Company), initially owned rights to all

Persian oil resources. However they were ousted when

the Iranian oil industry was nationalised resulting in the

formation of the NIOC in 1951.

This meant the NIOC had exclusive rights to all Iranian

extraction, exploration, transportation and exportation

of crude oil, and all natural gas / LNG sales.

Remarkably the NIOC remains a major oil and gas

producer despite international sanctions targeting oil

revenues in an effort to stop Irans nuclear programme.

Its thought that some nations have been purchasing oil

from Iran with Gold to bypass sanction regulations.

Iran has threatened to close the Strait of Hormuz in

retaliation for U.S. and European sanctions which could

lead to a spike in oil prices globally.

The UAE in response is looking to the Fujairah Terminallocated on the Gulf of Oman as opposed to the Persian

Gulf, theoretically a perfect position to sidestep the

diplomatically tense chokepoint.

BIJAN NAMADAR ZANGENEHPetroleum Minister

Bijan Namdar Zangeneh was appointed Irans

petroleum minister in 2013. In the same year he was

also made head of Gas Exporting Countries Forum

(GECF).

Kermanshah born Zangeneh holds an MSc in civil

engineering from University of Tehran and is a noted

Iranian politician, who has served as energy minister

and minister of petroleum under multiple cabinets.

ROKNODDIN JAVADIManaging Director

The MD is Roknoddin Javadi who in the past served as

the managing director of the National Iranian Gas

Exports Company (NIGEC) and director of Evic

Company, one of the Iranian oil and gas industries keycontractors.

DID YOU KNOW?

The NIOC is currently contesting Saudi Aramco over the

name of the Arabian Gulf which it believes should be

referred to as the Persian Gulf.

3

Learn More http://bit.ly/1iB0FBgEU Gets Tough on Iran: A Look at the New

Sanctions for the Oil and Gas Industry



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CHOKEPOINT: THE STRAIT OF HORMUZ


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ExxonMobil

BPD 5.3 million

Founded 1999

Headquarters Texas, United States

State Owned? No

CEO Rex W. Tillerson


Employees 76,900 (2012)

At position four is ExxonMobil, the largest non-

government owned oil and gas company.

The company was formed in 1999 following the merger

of Standard Oildescendants Exxon and Mobil in a

$73.7 billion deal, the biggest merger in US corporate

history.

Understanding the value of local branding, ExxonMobil

markets it products under the names Exxon, Mobil, andEsso.

The company produces approximately 3 percent of the

world's oil and 2 percent of the world's energy.

Their public profile took a hit when the 1989 Exxon

Valdezincident cast a negative spotlight on the oil and

gas industry.

Although number four in terms of oil production,

ExxonMobil is the holder of perhaps an even moreimpressive title - that of the worlds largest company by

revenue.

This year the company also become the worlds largest

publicly traded company by market capitalisation.

REX TILLERSONChairman and Chief Executive Officer

Tillerson holds a Bachelor of Science degree in civil

engineering at the University of Texas where he wasnamed a distinguished alumnus in 2007.

In 1975 he joined Exxon as a as a production engineer

and then went to on to become general manager of

Exxon Company U.S.A.s central production division.

Rising through the ranks, Tilelrson was made SVP

president of ExxonMobil Corp in 2001, and elected

president of the corporation and member of the board

of directors in 2004. In 2006 he assumed his current

position of Chairman and Chief Executive Officer.

Tillerson is a member of the executive committee and a

former chairman of the American Petroleum Institute.

He is also a member of the National Petroleum Council,

Society of Petroleum Engineers Business Roundtable,

Business Council, and Emergency Committee for

American Trade. In 2013, Tillerson was elected to the

National Academy of Engineering.

Outside of his work at in the energy industry, Tillerson is

also vice-chairman of the Fords Theatre Society andwas a former director of the United Negro College

Fund.

DID YOU KNOW?

CEO Rex Tillerson was inducted into the Eagle Scout

Hall of Fame in 2009 and was appointed as the NationalPresident of the Boy Scouts of America in 2010.

4

Learn More http://bit.ly/17OQxTeThe World Energy Outlook to 2040

According to ExxonMobil



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THE BOSS: EXXONMOBILS REX TILLERSON


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ROSNEFT

BPD 4.6 millionFounded 1993

Headquarters Moscow, Russia

State Owned? Yes

President Igor Sechin

Revenue US$ 102 Billion (2012)

Employees 106,000

Rosneft is a Russian, state owned NOC. The company

was formed in 1993 from assets previously held by

Rosneftegaz, the successor to the Soviet Union'sMinistry of Oil and Gas. Currently the state holds

69.50% in Rosneft.

In 1995 Rosneft was turned into an open joint stock

company. Plans to privatise the company in the late 90s

never materialised.

Rosneft operates in key regions of Russia: Western

Siberia, Southern and Central Russia, Timan-Pechora,

Eastern Siberia, Far East and is involved in exploration

projects in Kazakhstan and Algeria and has stakes infour Germany refineries through Ruhr Oel GmbH.

The company was set to merge with Gazprom in 2005

but this was scrapped - allegedly because then

president Sergey Bogdanchikov would not take a

deferential role to Gazprom CEO Alexei Miller.

Rosneft ran one of the largest IPOs in history in 2006.

The IPO raised $10.7 billion (including over $1 billion

from oligarch Roman Abramovich) and Rosneft was

valued at $79.8 billion. Financier George Soros was

against the IPO and called for a boycott on ethical

grounds, and Andrei Illarionov, called the deal "a crime

against the Russian people," as none of the proceeds

went to the state budget.

2011 saw a major joint venture between Rosneft and

ExxonMobil, to conduct exploration and extracting on

the Black Sea shelf. The Tuapse Trough was estimated

to contain 7.2 billion barrels of oil equivalent.

Rozneft and BP were set to complete a partnership todevelop the East-Prinovozemelsky field on the Russian

arctic shelf. The deal was not completed as BP's Russian

partners in the TNK-BP joint venture, AAR, claimed the

deal breached their own contract with BP which

stipulated their partnership would be the principal

venture for BP's Russian oil and gas operations.

However in 2013, Rosneft completed a deal to acquire

TNK-BP. As part of the deal BP divested its stake for

$12.3 billion and 18.5% of Rosneft's share, while AAR

received $28 billion.

IGOR SECHINChairman

Sechin graduated from Leningrad State University in

1984 and holds a PhD in Economics.

He has held the following roles: Deputy Head of the

Executive Office of the President of the Russian

Federation, Aide to the President of the Russian

Federation and Deputy Prime Minister of the Russian

Federation.

In May 2012 he was appointed President of Rosneft and

Chairman of Rosnefts Management Board. Sechin alsoserves on the boards of a number of companies

including TNK-BP Limited. Sechin holds 9 million Rosneft

shares (0.085% of the share capital).

DID YOU KNOW?As well as being one of the world's super producers, the

Russian giant also works with the World Chess

Federation to support their Chess in Schools

Programme helping children to develop skills and

maybe find the next Grand Master!

5

Learn More http://bit.ly/1aMgQrhShale Gas, Putin's Russia, China And The Arctic -

Trends And Events In 2013



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POWER PLAY: RUSSIAN PRESIDENT VLADIMIR PUTIN FLANKED BY

BP CEO BOB DUDLEY AND ROSNEFT PRESIDENT IGOR SECHIN

ROSNEFT ACQUIRED TNK-BP IN 2013


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Royal Dutch Shell

BPD 4 million

Founded 1907

Headquarters The Hague, Netherlands

State Owned? No

CEO Ben Van Beurden (in 2014)


Employees 87,000 (2012)

The seventh oil and gas company on the list is the

super major more commonly known as Shell.

The company was founded in 1907 following the

merger of the Royal Dutch Petroleum Companyand

the UKs "Shell" Transport and Trading Company Ltd.

Thanks to its distinctive logo and subsidiary Shell Oil

Companys many service stations, Shell is one of the

most well known oil and gas companies in the world.

The Shell name and logo is tied to the "Shell" Transport

and Trading Company - its founders father havingoriginally created a business selling sea shells to

collectors.

An Anglo-Dutch company, Royal Dutch Shells revenue

is equivalent to 84% of the Netherlands's GDP time.

In 2012 Shell was took the top spot as the biggest

company on the FTSE, with a 140.9 billion market

capitalisation. The company also topped Fortune 500s

Global 500 their annual ranking of the worlds largest

corporations.

PETER VOSER & BEN VAN BEURDENIngoing and Outgoing CEO

In 2013 Shell announced current CEO Peter Voser will

retire from the company in 2014

Voser has been CEO of Shell since 2009. Prior to that he

was CFO and an Executive Director.

Voser holds a degree in business administration from

the University of Applied Sciences, Zrich. He joinedShell soon after in 1982. Since then he has occupied a

number of roles at Shell and at other companies

including the position of CFO and an Executive

Committee Member of the ABB Group of Companies.

Since March 2013, Peter has been chair of the Board of

Directors of Catalyst, a non-profit that works to build

inclusive environments and opportunities for women in

business. In 2011, he was appointed to the Board of

Directors of Roche.

Voser is also a member of the European Round Table of

Industrialists and The Business Council. In 2011, Sultan

of Brunei awarded Voser the title of Dato Seri Laila Jasa

in recognition of his services to the state of Brunei.

Swiss Voser, earned 7.8m including bonuses in 2012.

Vosers replacement was hotly contested and in July

2013 it was announced Ben van Beurden will assume

responsibilities as CEO from 2014.

Van Beurden holds a Masters Degree in Chemical

Engineering from Delft University of Technology, the

Netherlands and joined Shell in 1983.

Following a number of operational and commercial

roles, including 10 years in LNG, he was made VP,

Manufacturing Excellence. In 2006, he was appointed

EVP, Chemicals. In 2013 become a member of Shells

Executive Committee and served as Downstream

Director for Europe and Turkey.

DID YOU KNOW?Shell was the first company in the Netherlands to

purchase and use an electronic computer.

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Learn More http://bit.ly/Ik0KuBPeter Voser: The Rollercoaster Of Oil Prices



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LEGACY: THE SHELL LOGO IS BASED ON A SEA SHELL

AS A HOMAGE TO THE COMPANYS ORIGINS


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PetroChina

BPD 3.9 million

Founded 1999

Headquarters Dongcheng District, Beijing, ChinaState Owned? Yes

Key Personnel Zhou Jiping (Chairman)

Revenue CN 2.003 Trillion (2011)

Employees 552,810 (2011)

The fifth oil and gas company on the list is China's

biggest oil producer and the listed arm of state-owned

China National Petroleum Corporation (CNPC).

In addition to being the second largest company in theworld in terms of market capitalization, PetroChina is

also the most profitable company in Asia and the

biggest employer in the top ten with over half a million

employees.

Unfortunately PetroChinas image was rocked by a 2005

chemical spill which left 5 dead and 60 people injured.

In addition to this CNPCs subsidiary Sinopecs links to

Sudan has seen a number of multinational organisations

seeking to avoid controversy divesting in the

organisation.

ZHOU JIPINGChairman

Jiping holds a masters degree and is a professor-level

senior engineer.

With almost 40 years of working experience in Chinas

petrochemical industry he has held roles in the

International Exploration and Development

Cooperation Bureau of CNPC, CNODC, China National

Oil & Gas Exploration and Development Corporation,

International Exploration and Development

Cooperation Bureau of CNPC.

In 2013 Jiping was appointed as the Chairman and

President of the Company and Chairman of CNPC.

DID YOU KNOW?

PetroChinas flower-shaped logos colours match

Chinas national flag, and its ten petals represent the

companys core businesses.

7

Learn More http://bit.ly/1c9X8VTChinas Energy Future: How The Middle

Kingdom Learned To Love LNG



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EVOLUTION: PETRO CHINA IS HEADQUARTERED IN BEIJING

HOME OF THE BEIJING NATIONAL STADIUM AKA THE BIRDS NEST


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Pemex

BPD 3.6 million

Founded 1938

Headquarters Mexico City, Mexico

State Owned? Yes

CEO Emilio Lozoya Austin

Revenue US $128.671 Billion (2012)

Employees 138,215 (2011)

Pemex aka Petrleos Mexicanos (Mexican Petroleum)

is the Mexican state-owned petroleum company.

Founded in 1938 after the nationalisation of the

petroleum industry which removed all private foreign

and domestic companies, Pemex is now the world's

second largest non-publicly listed company by total

market value.

Pemex can also claim to being the biggest company in

Mexico and Latin America, and also Mexicos most

important fiscal contributor.

Mexicos new President, Enrique Pena Nieto, has

stressed the need to reform Pemex to allow foreign

investment.

This may assist in increasing production in Mexico's

biggest field, Cantarell, which has dropped from 2

million barrels per day by approximately 65%.

Sadly, two recent explosions at Pemex facilities in 2012

and 2013 left 66 people dead and over 170 injured.

EMILIO LOZOYA AUSTINChief Executive Officer

Austin holds a BA in Economics and a BA in Law. In

addition to this he also holds an MA in International

Development and Public Administration from Harvard

University.

Austin has held a number of positions within the

finance sector including roles at the Central Bank ofMexico and Inter-American Investment Corp. H

is expertise in finance has also seen him participate in

the World Economic Forum Annual Meeting, and he is

the author of several studies on monetary policy,

housing markets, public policy efficiency, IT education

and electoral systems.

He also co-founded TerraDesign which supports social

housing in Senegal and Mexico.

DID YOU KNOW?

Pemex is actively fighting the illegal fuel market and has

set up hotlines that the public can use anonymously to

tip off fraudulent fuel crime.

8

Learn More http://bit.ly/18doqgX

Growing a Business Focused on Explorationand Extraction of Latin American Reserves



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VISION: PEMEXS EMILIO LOZOYA AUSTIN HOPES NIETOS ENERGY

REFORMS WILL GIVE PEMEX A SHOT IN THE ARM


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Chevron

BPD 3.5 million

Founded 1984

Headquarters California, USA

State Owned? No

CEO John S. Watson (Chairman & CEO)


Employees 62,000 (Dec 2012)

Another super major, the Chevron Corporation isAmerica's third largest corporation according to the

Fortune 500. It was named the worlds 16th largest

public company by Forbes Global 2000.

The company was founded in 1984, but its origins can

be traced as far back to 1879 when the Pacific Coast Oil

Companywas formed. This company was acquired by

Standard Oil Co(part of its parent corporation

Standard Oil) who then later rebranded the subsidiary

to SoCal. This is when it launched the name Chevron for

some of its product lines. In 1984 when Gulf Oil and

SoCalmerged, it was decided the new company would

be rebranded as Chevron.

In 2000, Chevron bought Texaco in a $45 billion deal

which created the US second-largest oil company and

the worlds fourth-largest publicly traded oil company.

The company has had many different brands under its

umbrella including: Chevron, Standard Oil, Texaco,

Caltex, Unocal, Star Mart, Extra Mile, Redwood

Market, Town Pantry, Delo, Havoline, Revtex, Ursa,

Techron and Caltex.

Chevron is also distinguished by its environmentally

track record and achieved the highest score for an

American oil and gas company investing in alternative

energy sources and setting emission reduction targets.

The company is also largest producer of geothermal

energy. Chevron has also slashed its own energy usage

by more than 30% since 1992 by utilising alternative

energy platforms including hydrogen fuel and solar

panels at its facilities.

In 2010 the company acquiredAtlas Petroleumfor $4.3billion to make inroads in the lucrative Marcellus and

Utica shale plays.

JOHN S WATSONChairman and Chief Executive Officer

John S. Watson is chairman of the board and CEO of

Chevron Corporation, a position he has held since 2010.

California born Watson Watson holds a degree in

agricultural economics from the University of California

at Davis and a MBA from the University of Chicago.

Following his studies he joined Chevron as a financial

analyst in 1980. He was elected president of Chevron

Canada Limited in 1996, and a VP of the corporation in

1998. Two years later became the corporation's CFO

following the Texaco merger.

Watson is also a member of the board of directors and

the executive committee of the American Petroleum

Institute. He is also a member of the NationalPetroleum Council, the Business Council, the Business

Roundtable, the J.P. Morgan International Council, the

American Society of Corporate Executives and the

University of California Davis Chancellor's Board of

Advisors.

DID YOU KNOW?

9

Learn More http://bit.ly/1bIyREpTop 10 US Natural Gas Producing Companies

Former US Secretary of State, Condoleezza

Rice was a former member of the board of

directors, and head of Chevron's committee

on public policy.



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PIONEER: JOHN D ROCKEFELLER FOUNDER OF STANDARD OIL


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Kuwait Petroleum

Corp

BPD 3.4 million

Founded 1980

Headquarters Al Shuwaikh, Al Asimah

State Owned? Yes

CEO Nizar Al-Adsani

Employees 15,825

The last company on the list is the Kuwait Petroleum

Corporation (KPC), the state-owned company

responsible for Kuwait's hydrocarbon interests

throughout the world.

The Kuwait Oil Company was originally formed by the

Anglo-Persian Oil Company (now known as BP) and the

Gulf Oil Corp (now known as Chevron).

In 1975 the Kuwaiti oil industry was nationalised and an

agreement was signed by the State of Kuwait and

British Petroleum and Gulf giving Kuwait complete

control of its oil resources.

This led to the formation of the Kuwait Petroleum

Corporation in 1980 as an umbrella organisation to

manage the countrys diversified oil interests.

KPC is made up of the following subsidiaries: Kuwait Oil

Company (KOC), Kuwait National Petroleum Company

(KNPC), Petrochemicals Industries Company (PIC),

Kuwait Oil Tanker Company (KOTC), Kuwait Aviation

Fueling Company (KAFCO), Kuwait Foreign Petroleum

Exploration Company (KUFPEC), Kuwait Petroleum

International Limited (KPI - Q8), Santa Fe International

Corporation (SFIC), Kuwait Gulf Oil Company (KGOC), Oil

Sector Services Company and K-Dow Petrochemicals.

Kuwait Petroleum Corp may be more recognisable by its

well known brand Q8.

NIZAR AL-ADSANIChief Executive Officer

Nizar Al-Adsani received his Bachelors Degree in

Mechanical Engineering from South Dakota State

University.

In 198 he started as a engineer at KOC and then in 1999

appointed General Superintendent. He was later

promoted to the position of Manager of Planning and

Investment Coordination at the Kuwait Petroleum

Corporation.

He held this position until September of 2004, at which

point he was promoted as Executive Director, Business

Administration for Khafji Joint Operations.

In November 2007 he became Deputy Managing

Director (KJO) at the KGOC. In October 2009 he was

named Chairman of Joint Operating Committee at KJO.

In June 2011, Al-Adsani joined the KFPEC as Chairman,

MD and board member.

DID YOU KNOW?

During the first Gulf War over 700 oil wells were set onfire by the Iraqi Military Forces.

It took eight months to fully extinguish the fires and its

estimated 6 million barrels of oil were destroyed every

day

10

Learn More http://bit.ly/I7VXwZThe KOC Approach To Produced Water: Not A

Trivial Matter



23/30

INFERNO: OIL WELLS ABLAZE IN KUWAIT DURING THE GULF WAR


24/30

BP

BPD 3.1 millionFounded 1909

Headquarters London, UK

State Owned? No

CEO Bob Dudley


Employees 85,700 (2012)

Although founded in 1954 British Petroleums roots go

back much further. The Anglo-Persian Oil Company

was formed in 1909, itself an offshoot of the BurmahOil Company. It later rebranded to the Anglo-Iranian

Oil Company and then finally to BP. 11 years later the

company became the first to strike oil in the north

seas

Other notable mergers and acquisitions following its

privatisation in 1979 / 1987 include Amoco in 1998 and

ARCO and Burmah Castrol in 2000.

Thanks to its 20,000 plus service stations, BP is one of

the most recognisable oil and gas companies.The company rebranded in 2001, dropping its green

shield logo in favour of the Helios symbol designed

to represent event in all its forms.

The company also adopted the slogan "Beyond

Petroleum" highlighting their focus on all types of

energy and stressing their commitment to a lower

carbon future.

BP hit rock bottom when the 2010 Gulf of Mexico

disaster became a major global talking point and led to

the company pleading guilty on 11 counts of

manslaughter, two misdemeanours, and one count of

lying to Congress resulting in $4.5 billion in fines- the

largest criminal resolution in US history.

Embattled CEO Tony Haywardwas also forced to quit

his post.

The ramifications of the Deepwater Horizonoil spill are

still being felt today as BP stands trial in the biggest

court case of the century. BP may face damages in

excess of $17 billion in the trial.

It was a turning point for the company made all the

more unfortunate considering BPs previous efforts to

establish its green friendly credentials with renewable

energy. Despite this, BP still managed to be the fifth-

largest company in the world by revenue.

Current CEO Bob Dudleyis delivering on his new

strategy of selling assets (including its stake in the TNK

BPventure), resolving lawsuits and enhancing

efficiency. This will lead to a leaner operation.

BOB DUDLEYGroup Chief Executive

Dudley holds a Degree in Chemical Engineering and an

MBA. He has spent his entire career in the oil and gas

industry including his time at Amoco where he worked

in a number of engineering and commercial posts

including the position of general manager for strategy

Following the merger between BP and Amoco he took

up a similar role and later was appointed chiefexecutive officer of TNK-BP.

In summer 2010, he served as the president and chief

executive officer of BPs Gulf Coast Restoration

Organization in the US and became group chief

executive on 1 October 2010. In 2012, Dudley earned

1.1m plus a further 2.6m in bonuses.

DID YOU KNOW?In 1997 BP became the first multinational outside the

reinsurance industry to publicly support the scientific

consensus on climate change.

11

Learn More http://bit.ly/1bXPMqgBP Energy Outlook 2030 Report



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DISASTER: THE 2010 MACONDO DEEPWATER HORIZON BLOW OUT


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the worlds biggest oil & gas companies

YEARFOUNDED

#E

MPLOYEES

REV

ENUE($bn)

by the numbers

SAUDI ARAMCO GAZPROM

NIOC EXXON MOBIL

ROSNEFT SHELLPETRO CHINA PEMEX

CHEVRON KPC

BP

0

100,000

200,000

300,000

400,000

500,000

600,000

SAUDI

ARAMCO

GAZPROM NIOC EXXON

MOBIL

ROSNEFT SHELL PETRO

CHINA

PEMEX CHEVRON KPC BP

0

50

100

150

200

250

300

350

400

450

500

SAUDI

ARAMCO

GAZPROM NIOC EXXON

MOBIL

ROSNEFT SHELL PETRO

CHINA

PEMEX CHEVRON KPC BP

1860

1880

1900

1920

1940

1960

1980

2000

2020

PRODUCTION (bpd)



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FOLLOW THE LEADER

Follow

the official

Oil & Gas IQ Twitter channel

http://twitter.com/OilandGasIQvisit www.OilandGasIQ.com


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Statistical & References

Oil & Gas IQ, Forbes, Wood Mackenzie, EIA, OPEC, Harvard Business Review, Energy Business Review

Financial Times, Time, Wikipedia, Twitter, Metro UK, Rosneft, Exxon Mobil, BP, PetroChina, Pemex,

Shell, NIOC, Gazprom, FIFA,, UEFA, Greenpeace, The Guardian, The Independent, Chevron, KPC

Image Sources

Canvas Images:

Gulf War Oil Wells http://en.wikipedia.org/wiki/File:Operation_Desert_Storm_22.jpg

Emilio Lozoya Austin http://www.flickr.com/photos/worldeconomicforum/3445564654/

Macondo http://iliketowastemytime.com/2012/08/08/deepwater-horizons-final-hours-7-pics

Rex Tillerson http://news.msn.com

Strait Of Hormuz http://theenergycollective.com/jeffreymvoth/79025/defense-department-

releases-roadmap-transform-energy-use-military-operations

Beijing Olympic Stadium http://www.interiorclip.com/interior/1280x833/shortlisted-for-lubetkin-

prize-the-national-stadium-beijing-17429.html

Shell Shutterstock

Saudi Aramco Airplane http://www.planes.cz/en/search/company/1055/saudi-aramco-aviation/

John D Rockefeller Life Magazine

Misc & Key Personnel:

Guardian, Wikipedia, Shutterstock, iStock, WSJ, Arabian Business, RIA.ru, International Forum of

Americas, scouting.org, rferl.org

All logos are property of their respective owners

Content and stats correct as of date of publication



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World OIL and Gas Companies IQ Report

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