Top Oil and Gas Companies by Annual Revenue 2025

Oil and gas companies ranked by revenue in their 2025 financial year, in billions of US dollars. Saudi Aramco leads on 445.7, ahead of PetroChina on 398.7 and Sinopec on 387.4.

The top three are state-controlled, and together they account for 1,231.8 billion of the 2,397.5 billion recorded by all eight companies — 51.4 percent. The five listed international majors follow: ExxonMobil (323.9), Shell (266.9), TotalEnergies (201.2), BP (189.3) and Chevron (184.4).

Figures come from each company's 2025 results. PetroChina (2,864.5 billion yuan) and Sinopec (2,783.6 billion yuan) are converted at the European Central Bank's 2025 average rate of 1 yuan = 0.139186 dollars. One caveat on comparability: Aramco publishes a single line, "revenue and other income related to sales", while the others report a revenue or sales line, so Aramco's figure is slightly broader than the rest.

Revenue follows prices as much as production. Aramco's own results attribute its fall from 480.4 billion in 2024 to lower crude oil and refined product prices, and every company here sells at those same world prices. Companies with large refining and fuel retail arms also book the value of fuel they buy and resell, which is why a revenue ranking is not a ranking of how much oil and gas each company produces.