博彩对冲

Shifting upstream and downstream strategies evident among IOCs and NOCs

• Oil and gas remain central to the global energy complex鈥檚 growth story. The latest 博彩对冲 Top 100: Global NOC & IOC Rankings highlight the ongoing quest for growth and returns, even as upstream and downstream strategies among top players continue to evolve.

• Top 100 companies, which account for 70%-80% of global oil and gas activity, are ranked annually according to performance in six operational metrics: oil and gas reserves, oil and gas production, product sales and refinery distillation capacity. Rankings are calculated annually from the previous year鈥檚 data to include those reporting results late in the year.

• Oil production grew by 1.5%, led by Independent E&Ps. This group also rescued global gas output, which grew at only 0.4%. Resource Holding national oil companies (NOCs), led by Gazprom, and Supermajors pulled gas production down. Refined product sales grew at 4%, a strong recovery following significant contraction in the previous edition.

• Saudi Aramco, National Iranian Oil Co. (NIOC) and China National Petroleum Corp. (CNPC) retain their first, second and third spots. Exxon Mobil relinquished its No. 4 spot, which it had held for seven years, to Rosneft.

• Dramatic rankings movements were in shorter supply compared to last edition, hindered by fewer large deals closing in 2023. However, this will change in the next few editions.

• Still, the data reflects ongoing consolidation and strategic tensions among international oil companies (IOCs) that include both shifting downstream priorities and the need to preserve upstream opportunities.

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