Saturday, September 6, 2008

OPEC

The Organization of the Petroleum Exporting Countries (OPEC) is a group of thirteen countries made up of Islamic Republic of Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates, Socialist People's Libyan Jamahiriya, Algeria, Nigeria, Angola, Venezuela and Ecuador.

OPEC's ability to control the price of oil has diminished somewhat since then, due to the subsequent discovery and development of large oil reserves in the Gulf of Mexico and the North Sea, the opening up of Russia, and market modernization. OPEC nations still account for two-thirds of the world's oil reserves, and, as of March 2008, 35.6% of the world's oil production, affording them considerable control over the global market. The next largest group of producers, members of the OECD and the Post-Soviet states produced only 23.8% and 14.8%, respectively, of the world's total oil production. As early as 2003, OPEC members had little excess pumping capacity resulted their influence on crude oil prices begin to slip.

source: http://en.wikipedia.org/wiki/OPEC

History of America Oils company

source: http://en.wikipedia.org/wiki/Standard_Oil

Standard Oil was a predominant American integrated oil producing, transporting, refining, and marketing company, was one of the world's first and largest multinational corporations.

The successor companies from Standard Oil's breakup form the core of today's US oil industry. (Several of these companies were considered among the Seven Sisters who dominated the industry worldwide for much of the twentieth century.) They include:
Standard Oil of New Jersey (SONJ) - or Esso (S.O.) - renamed Exxon, now part of ExxonMobil. Standard Trust companies Carter Oil, Imperial Oil (Canada), and Standard of Louisiana were kept as part of Standard Oil of New Jersey after the breakup.
Standard Oil of New York - or Socony, merged with Vacuum - renamed Mobil, now part of ExxonMobil.
Standard Oil of California - or Socal - renamed Chevron, became ChevronTexaco, but returned to Chevron.
Standard Oil of Indiana - or Stanolind, renamed Amoco (American Oil Co.) - now part of BP.
Standard's Atlantic and the independent company Richfield merged to form Atlantic Richfield or ARCO, now part of BP. Atlantic operations were spun off and bought by Sunoco.
Standard Oil of Kentucky - or Kyso was acquired by Standard Oil of California - currently Chevron.
Continental Oil Company - or Conoco now part of ConocoPhillips.
Standard Oil of Ohio - or Sohio now part of BP.
The Ohio Oil Company - more commonly referred to as "The Ohio", and marketed gasoline under the Marathon name. The company is now known as Marathon Oil Company, and was often a rival with the in-state Standard spinoff, Sohio.
Other Standard Oil spin-offs:
Standard Oil of Iowa - pre-1911 - became Standard Oil of California.
Standard Oil of Minnesota - pre-1911 - bought by Standard Oil of Indiana.
Standard Oil of Illinois - pre-1911 - bought by Standard Oil of Indiana.
Standard Oil of Kansas - refining only, eventually bought by Indiana Standard.
Standard Oil of Missouri - pre-1911 - dissolved.
Standard Oil of Louisiana - always owned by Standard Oil of New Jersey (now ExxonMobil).
Standard Oil of Brazil - always owned by Standard Oil of New Jersey (now ExxonMobil).
Other companies divested in the 1911 breakup:
Anglo-American Oil Co. - acquired by Jersey Standard in 1930, now Esso UK.
Buckeye Pipeline Co.
Borne-Scrymser Co. (chemicals)
Chesebrough Manufacturing (Vaseline)
Colonial Oil.
Crescent Pipeline Co.
Cumberland Pipe Line Co.
Eureka Pipe Line Co.
Galena-Signal Oil Co.
Indiana Pipe Line Co.
National Transit Co.
New York Transit Co.
Northern Pipe Line Co.
Prairie Oil & Gas.
Solar Refining.
Southern Pipe Line Co.
South Penn Oil Co. - eventually became Pennzoil, now part of Shell.
Southwest Pennsylvania Pipe Line Co.
Swan and Finch.
Union Tank Lines.
Washington Oil Co.
Waters-Pierce.
Note: Standard Oil of Colorado was not a successor company; the name was used to capitalize on the Standard Oil brand in the 1930s. Standard Oil of Connecticut is a fuel oil marketer not related to the Rockefeller companies.

selected list of petroleum companies in alphabetical order

source: http://en.wikipedia.org/wiki/List_of_petroleum_companies

Assam Company Ltd (ACL), India
Abu Dhabi National Oil Company (ADNOC), United Arab Emirates
Alon USA, United States
Amerada Hess Corporation, United States
Anadarko Petroleum Corporation, United States
Apache Corporation, United States
Arbusto Energy, United States
Atlantic Petroleum, Faroe Islands
BG Group, United Kingdom
Bharat Petroleum Corporation Limited, India
BHP Billiton, Australia
BP, United Kingdom
Cairn Energy, India
Canadian Natural Resources, Canada
Chevron Corporation, United States
Citgo, Venezuela
CNOOC Ltd., China
ConocoPhillips, United States
Cosmo Oil Company, Japan
Crown Central Petroleum, United States
Cupet, Cuba
Devon Energy, United States
Ecopetrol, Colombia
Enbridge, Canada
EnCana, Canada
ENSCO International, United States
Eni, Italy
Essar oil ltd.,India
Entreprise Tunisienne d'Activites Petroliere (ETAP), Tunisia
ExxonMobil, United States
Galp Energia, Portugal
Petronet LNG Limited, India
Gujarat Gas Co. Ltd., India
Gujarat State Petroleum Corporation, India
Gulf Oil, Luxembourg
Grupa LOTOS, Poland
Hellenic Petroleum, Greece
Hindustan Petroleum Corporation Ltd, India
Husky Energy, Canada
IB Daiwa, Japan
Imperial Oil, Canada
INA - Industrija Nafte, Croatia
Indian Oil Corporation, India
Inpex, Japan
Irving Oil, Canada
Japan Energy, Japan
Kerr-McGee, United States
Koch Industries, United States
Kuwait German Petroleum Company, Canada
LUKoil, Russia
Marathon Oil Corporation, United States
Maxol Group, Republic of Ireland
MedcoEnergi, Indonesia
Mol Group, Hungary
Naftna Industrija Srbije, Serbia
Naftohaz Ukrainy, Ukraine
National Iranian Oil Company (NIOC), Iran
National Oil Corporation, Libya
Neste Oil, Finland
Nippon Oil, Japan
NNPC,Nigeria
Northern Resources[1],Canada
Oil & Gas Development Company Limited[2], Pakistan
Occidental Petroleum
Oil India Limited, India
Oman Oil Company (OOC), Oman
OMV, Austria
ONGC, India
PKN Orlen S.A., Poland
PSO, Pakistan
Petróleos de Venezuela, Venezuela
Petroleos Mexicanos, Mexico
Petro-Canada, Canada
Petrobras, Brazil
PetroChina, China
PetroKazakhstan, Canada
Petrom, Romania
Petron Corporation, Philippines
PETRONAS, Malaysia
PETROTRIN, Trinidad and Tobago
Pertamina, Indonesia
Polish Oil and Gas Company, Poland
Qatar Petroleum, Qatar
Reliance Industries Limited, India
Repsol YPF, Spain
Rompetrol Group N.V., Romania
Royal Dutch Shell, Netherlands, United Kingdom
San-Ai Oil, Japan
Santos Limited, Australia
Sasol, South Africa
Saudi Aramco, Saudi Arabia (the largest in the world)
Shell Canada, Canada (subsidiary of Royal Dutch Shell)
Shell Oil Company, United States (subsidiary of Royal Dutch Shell)
Sinclair Oil, United States
Sinopec, China
Snpc, Congo-Brazzaville
Sonangol, Angola
Sonatrach, Algeria
SPC, Singapore
StatoilHydro, Norway
State Oil Company of Azerbaijan, SOCAR Azerbaijan
Sunoco, United States
Suncor Energy, Canada
Surgutneftegaz, Russia
Syncrude, Canada
Talisman Energy, Canada
Todd Energy, New Zealand
Total, France
United Refining Company, United States
Vaalco Energy Inc., United States
Wintershall, Germany
Woodside Petroleum, Australia
YPFB, Bolivia
YUKOS, Russia

List of companies by size of oil reserves

in billions of barrels:[1]
Saudi Arabian Oil Company 295
National Iranian Oil Company 287
Qatar Petroleum 165
Abu Dhabi National Oil Company 137
Iraq National Oil Company 137
Gazprom 115
Kuwait Petroleum Corporation 107
Petróleos de Venezuela S.A. 102
Nigerian National Petroleum Corporation 62
National Oil Corporation (Libya) 45
Sonatrach 40
Rosneft 35
Northern Resources

source: http://en.wikipedia.org/wiki/List_of_petroleum_companies
, http://www.data360.org/graph_group.aspx?Graph_Group_Id=981

National oil company

A national oil company (NOC) is an oil company fully or in the majority owned by a national government. According to the IMF, NOCs had a share of around 50% in 2005 global oil production and a share of over 70% in global oil reserves.

Major NOCs include:
Saudi Arabian Oil Company (Aramco) (Saudi Arabia)
National Iranian Oil Company (NIOC) (Iran)
Egyptian General Petroleum Corporation (EGPC) (Egypt)
Empresa Colombiana de Petróleos S.A. (Colombia)
National Oil Corporation Libya (Libya)
Oil and Natural Gas Corporation India (India)
Petroleos Mexicanos (Mexico)
Petroleos de Venezuela (Venezuela)
China National Petroleum (PetroChina) (China)
Nigerian National Petroleum Company (Nigeria)
Iraq National Oil Company (Iraq)
Kuwait Petroleum Corporation (Kuwait)
Pertamina (Indonesia)
Petrobras (Brazil)
Petroleum Development Oman (Oman)
Abu Dhabi National Oil Company (Abu Dhabi)
Emirates National Oil Company (Dubai)
Petronas (Malaysia)
Rosneft (Russia)
Sinopec (China)
Gazprom (Russia)
StatoilHydro (Norway)
Sonatrach (Algeria)

source: http://en.wikipedia.org/wiki/National_oil_company#cite_note-IMF-0

Supermajor Big Oil

The term supermajor illustrates the six largest, non state-owned energy companies, as seen in popular financial mediums around the world. Trading under various names around the world, they are considered to be: [1]
ExxonMobil (XOM)
Royal Dutch Shell (RDS)
BP (BP)
Chevron Corporation (CVX)
ConocoPhillips (COP)
Total S.A. (TOT)
The supermajors began to appear in the late 1990s, in response to a severe deflation in oil prices. Large petroleum companies began to merge, often in an effort to improve economies of scale, hedge against oil price volatility, and reduce large cash reserves through reinvestment.[2] Exxon and Mobil (1999), BP and Amoco (1998), Total and Petrofina (1999) and subsequently Elf Aquitaine (2000), Chevron and Texaco (2001), and Conoco Inc. and Phillips Petroleum Company (2002) all merged between 1998 and 2002. The result of this trend created some of the largest global corporations as defined by the Forbes Global 2000 ranking, and as of 2007 all are within the top 25.

ExxonMobil

The Exxon Mobil Corporation, or ExxonMobil, is an American oil and gas corporation. ExxonMobil is the world's largest company by revenue, at $404.5 billion for the fiscal year of 2007. It is also the largest publicly held corporation by market capitalization, at $501.17 billion on April 18, 2008.

It's oil and gas reserves it is 14th in the world with less than 1% of the total. The company ranks #1 in the world in net income, which was almost $40 billion last year.

read more : http://en.wikipedia.org/wiki/Exxon_Mobil