Today oil is a true global product and tapped as ‘black gold’ it has a certain standing in the global industry. When we look for oil companies in the world we are surely not looking for the best compnay in terms of market value or revenue earned but for a company that helps to generate revenues and also invest in technology in future. Let us see 5 biggest private oil companies in the world.
This was founded in the year 1933 and is headquartered at Dhahran, in Saudi Arabia. It is a National Oil Company with Khalid A. Al-Falih as the CEO. With more than 60,000 employees as on 2015 it has a revenue netting $378 billion. It is the biggest energy company in terms of oil companies and has an oil asseet of around 260 billion barrels. It opeates the Ghawar oil field which doles out around 6 million barrels every day. In fact it is the largest onshore field in the world. The discovery of Resbots has made a breakthrough in the working of the company over the years.