Natural gas supplies a third of the world’s total energy consumption. Since 2008, worldwide gas production has been steadily increasing. The rapid rise of the natural gas sector, mainly in Europe and North America, has been aided by the advent of shale fracking in the United States. Russia possesses the world’s greatest proven natural gas reserves. In 2019, the United States produced over a quarter of the world’s gas supply. Onshore horizontal drilling and fracturing processes produce the majority of US natural gas. Royal Dutch Shell plc is a major gas producer in the United States. With the shale revolution in full swing, the future of the gas business in the United States is projected to brighten. In 2018, Exxon Mobil produced approximately 9.97 billion cubic feet of natural gas per day. Gas-fired power facilities are displacing coal-fired power plants, and nuclear power is on the decline.
Insider Monkey takes a look at the 15 most valuable gas companies in the world ranked according to their market cap. Enron Oil and Gas Company was renamed EOG Resources, Inc. As of 2020, it has 5,360 billion cubic feet of natural gas reserves. EOG Resources is ranked 15th among the world’s most valuable gas businesses, with a market capitalization of $42.52 billion. Eni S.p.A., based in Rome, is an Italian energy corporation. It is regarded as one among the world’s seven supermajor oil firms. In 2020, the company generated total revenue of $48.98 billion and a market capitalization of $42.58 billion. The Russian energy behemoth PJSC LUKOIL is headquartered in Moscow. Natural gas, petroleum, and petroleum products are produced and sold by the international energy conglomerate. The corporation expects to earn $71.01 billion in total revenue in 2020. Equinor ASA is a Norwegian oil and gas business with a global presence in 36 countries. In 2020, the company’s natural gas sales volume was 54.8 billion cubic meters, with $45.7 billion in total income. Sinopec is situated in Beijing and was created in the year 2000. The Jiaze Gas Station, the first of its sort in China, was just completed by the corporation. The company plans to construct 900 carbon-neutral petrol stations over the next five years. For more details, click 15 Most Valuable Gas Companies In The World.
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