Sunday, July 11, 2010

The World's Biggest Oil Companies

The biggest by far is Saudi Aramco, with the ability to pump 12.5 million bpd and boasting more than 260 billion barrels of proven reserves, much of it easily recovered for less than $3 per barrel.
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That moniker goes to the state-owned national oil companies, NOCs for short, that sit on 77% of the world's oil--accumulations so big they make even Exxon's 12 billion barrels of proven oil reserves look meager.

Slide Show: The World's Biggest Oil Companies

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