April 1999

Trends and Resources

HP Impact: HPImpact: Oil majors: how big are they?

A new report from the Petroleum Industry Research Foundation focuses on market size and share for the world's seven largest private, (pre-merger) major oil companies: Exxon, Mobil, BP, Amoco, Texaco, ..

Weirauch, Wendy, Hydrocarbon Processing Staff

A new report from the Petroleum Industry Research Foundation focuses on market size and share for the world's seven largest private, (pre-merger) major oil companies: Exxon, Mobil, BP, Amoco, Texaco, Chevron and Royal Dutch Shell. The analysis indicates that the seven's combined share of world refinery runs reached only 25% in 1997. The major's share of U.S. refining is higher, 43%, but has been declining. The companies' share in oil production is much smaller, accounting for about 12% of the world total. There are also other very large international players beside the seven. These include Saudi Aramco and Petroleos de Venezuela. Both have global refining capacities larger

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