Which companies are called Shell companies

Mineral oil company (also mineral oil companies) are groups that are active in the production, refinement and sale of mineral oil or crude oil and crude oil products.

Economical meaning

Crude oil is one of the most important and most widely used raw materials, especially as a raw material in the chemical industry, as a fuel in transport and as a fuel in heat generation. Thanks to the enormous importance of oil, the oil industry is the largest economic sector in the world. The dependence of the industrialized countries on oil gives the oil industry a strategic position of power. Oil companies are therefore very influential worldwide and have a strong lobby, which is often criticized by non-governmental organizations (NGOs).

Basically, mineral oil companies can be divided into two groups, the private, listed companies and the state-controlled oil production companies. While the oil companies in the USA and Great Britain have traditionally always been private, listed companies, in continental Europe they were mostly under state control until the 1980s and 1990s and were largely privatized only in the last 10 to 20 years. In practically all oil-exporting countries, however, the oil production companies are under state control.

Although the so-called western ones Multinationals Just as Exxon Mobil, Royal Dutch Shell, BP, Chevron, Total or Conoco are perceived very strongly by the general public, their share of global oil production is rather modest at 15 percent. The state-controlled companies in the oil-exporting countries have by far the largest share of global oil production. With an output of 10.3 million boe per day, Saudi Arabia's state oil company, Saudi Aramco, is the largest oil company in the world.

Because of the increasingly scarce petroleum resources, the western petroleum companies are increasingly entering the future area of ​​renewable energies.

Due to the strong increase in demand for oil and natural gas in recent years and the associated sharp price increases, the oil companies have been able to increase their sales and profits considerably. Measured in terms of turnover, there are seven oil companies among the 20 largest listed companies in the world.

Largest private oil companies

Companies Sales (2006) 12
in billion USD
Profit (2006) 12
in billion USD
Delivery rate 1
in million boe per day
Safe reserves 1
in billions of boe
Exxon Mobil 365,5 39,5 4,237 22,8
Royal Dutch Shell 318,8 25,4 3,473 11,8
BP 265,9 22,3 3,926 17,7
Chevron 204,9 17,1 2,667 8,6
Total 198,2 16,2 2,356 11,2
ConocoPhillips 183,6 15,5 1,936 9,4
Eni 111,0 11,9 1,770 6,4

1 according to the annual report of the individual groups
2 for the sales of Total and Eni the same exchange rate of 1.2888 as used by Shell in its annual report

The largest majority state-controlled or heavily state-controlled oil production companies are Saudi Aramco (10.3 million boe per day), Pemex (3.7 million), China National Petroleum Corporation (3.5 million), Petróleos de Venezuela S.A. (3.3 million), Kuwait Petroleum Corporation (2.5 million), Nigerian National Petroleum Corporation (2.3 million), Petrobras (2.0 million), Lukoil (1.9 million), Rosneft (1.7 million ).

The large international oil companies are often called Oil multinational designated. The term is often used in critical discussions about the behavior of companies towards employees, questions of environmental protection and globalization.

See also

Category: Oil Companies