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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
8/13/2019 World OIL and Gas Companies IQ Report
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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.
1
Learn More http://bit.ly/I7UnLDRoot Cause Analysis: Defined by Saudi Aramco
The Worlds Biggest Oil& Gas Companiesvisit www.OilandGasIQ.com
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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.
2
Learn More http://bit.ly/1doipQARussias Impact on the Asia Pacific Oil Market
The Worlds Biggest Oil& Gas Companiesvisit www.OilandGasIQ.com
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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
Revenue US$ 453.123 Billion (2012)
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
The Worlds Biggest Oil& Gas Companiesvisit www.OilandGasIQ.com
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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 $28 billion.
IGOR SECHINChairman
Sechin graduated from Leningrad State University in
1984 and holds a PhD in Economics.
He has held the following roles: Deputy Head of the
Executive Office of the President of the Russian
Federation, Aide to the President of the Russian
Federation and Deputy Prime Minister of the Russian
Federation.
In May 2012 he was appointed President of Rosneft and
Chairman of Rosnefts Management Board. Sechin alsoserves on the boards of a number of companies
including TNK-BP Limited. Sechin holds 9 million Rosneft
shares (0.085% of the share capital).
DID YOU KNOW?As well as being one of the world's super producers, the
Russian giant also works with the World Chess
Federation to support their Chess in Schools
Programme helping children to develop skills and
maybe find the next Grand Master!
5
Learn More http://bit.ly/1aMgQrhShale Gas, Putin's Russia, China And The Arctic -
Trends And Events In 2013
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POWER PLAY: RUSSIAN PRESIDENT VLADIMIR PUTIN FLANKED BY
BP CEO BOB DUDLEY AND ROSNEFT PRESIDENT IGOR SECHIN
ROSNEFT ACQUIRED TNK-BP IN 2013
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Royal Dutch Shell
BPD 4 million
Founded 1907
Headquarters The Hague, Netherlands
State Owned? No
CEO Ben Van Beurden (in 2014)
Revenue US$ 467.153 Billion (2012)
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
The Worlds Biggest Oil& Gas Companiesvisit www.OilandGasIQ.com
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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)
Revenue US$ 241.909 Billion (2012)
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.
The Worlds Biggest Oil& Gas Companiesvisit www.OilandGasIQ.com
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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
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INFERNO: OIL WELLS ABLAZE IN KUWAIT DURING THE GULF WAR
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BP
BPD 3.1 millionFounded 1909
Headquarters London, UK
State Owned? No
CEO Bob Dudley
Revenue US$ 388.285 Billion (2012)
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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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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