MArket analysis

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Leading national oil companies by reserves

This month our power industry key list brings you the 10 largest listed national oil companies globally by reserves, as ranked by GlobalData's Oil & Gas Intelligence Centre. All numbers as of September 2020.

Company nameReserves (Mmboe)Headquarters locationNumber of employees
Saudi Arabian Oil Co336,632Saudi Arabia79,000
Petroleos de Venezuela SA336,033Venezuela-
Rosneft Oil Co46,362Russia334,600
PetroChina Co Ltd20,386China460,724
Petroleo Brasileiro SA9,606Brazil57,983
China National Petroleum Corp8,081China1,448,400
Petroleos Mexicanos6,848Mexico125,735
Oil and Natural Gas Corp Ltd6,570India31,065
Equinor ASA5,967Norway21,412


This material is provided for information purposes only and is not intended as a recommendation or an offer involving any financial instrument or trading strategy.

Energy related commoditiesLatest (31/08/2020)Past month value% change on one month% change in a year
Crude oil, Brent (US$/bbl)44.2642.813.39-25.30
Crude oil, WTI (US$/bbl)42.3640.753.95-22.76
Crude oil, Dubai (US$/bbl)43.7142.642.51-25.81
Natural gas, US (US$/mmbtu)2.291.7233.123.01
Natural gas, Europe (US$/mmbtu)2.861.8058.90-22.16
Liquefied natural gas, Japan (US$/mmbtu)7.797.790.00-28.30
Coal, Australian (US$/mt)50.3451.56-2.37-23.20
Coal, South African (US$/mt)57.3856.601.38-5.05

Source: Data compiled by GlobalData sourcing from commodities exchanges and the World Bank