Definition of the Day – National Oil Companies

Energy companies conduct business in every corner of the globe, with a diverse global workforce crossing many cultural lines.  The key players in this business are the international oil and energy companies such as ExxonMobil, Chevron, Shell, BP, and ConocoPhillips, etc.  They, however they do not control the wealth of the world’s oil reserves.  Most oil reserves are controlled by the host governments of oil producing countries.  These entities are called National Oil Companies.

National Oil Companies:

  • Iraq National Oil Company
  • Kuwait Petroleum Corporation
  • Nigerian National Petroleum Corporation
  • PDVSA
  • Petrobras
  • PetroChina
  • Petrovietnam
  • Saudi Aramco
  • Sonangol Group