offshore-oil

Oil remains, by far, the most dominant source of energy worldwide, with the EIA estimating that the world consumed 92.2 million barrels per day (b/d) of petroleum and other liquid fuels in 2020, despite a 9% decline due to the pandemic.

As the world’s biggest polluters such as the U.S. and China become more aggressive with their climate goals, the biggest oil and gas companies that shoulder the biggest responsibility for GHG emissions and are likely to feel the heat the most.

Interestingly, the world’s 5 biggest oil and gas companies (in terms of revenue) are from China and Europe, with U.S.’ giants ExxonMobil (NYSE:XOM), Chevron Corp. (NYSE:CVX), and Marathon Oil (NYSE:MRO) coming in lower at #6, #8, and #9, respectively.

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Source: Oil Price

Image Credit: Wikipedia Commons

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