Because it may bridge the gap between carbon-intensive fossil fuels like coal and oil, natural gas is often referred to as a “transitional fuel.” Since 2008, global gas output has been steadily increasing, owing mostly to the advent of shale drilling in the United States. According to the BP Statistical Review of World Energy 2020, Russia and the United States hold the world’s greatest natural gas reserves. Russia has proven natural gas reserves of over 1341 trillion cubic feet. Horizontal drilling and fracturing are used to produce the majority of natural gas 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. XTO Energy, one of the largest independent natural gas producers, was recently bought by the firm.
Insider Monkey takes a look at the 15 most valuable gas companies in the world ranked according to their market cap. Resources, Inc. is ranked 15th among the world’s most valuable gas firms. As of 2020, the firm has 5,360 billion cubic feet of natural gas reserves. Enron Oil and Gas Company was its previous name. Natural gas operations for Eni S.p.A. are mostly in Sub-Saharan Africa, Asia, Europe, and the Americas. In 2019, the company produced 5.3 billion cubic feet of natural gas per day. Lukoil is Russia’s second-largest energy corporation. The Russian gas powerhouse is among the world’s top 15 most valued gas businesses. Lukoil is a Russian oil company that works in 40 countries and owns seven oil-processing companies in Europe. The corporation expects to earn $71.01 billion in total revenue in 2020. Equinor ASA is a Norwegian oil and gas company 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. China Petroleum & Chemical Corporation is a chemical and energy company based in Beijing, China. The Jiaze Gas Station, which was recently completed, will help China reach carbon neutrality. The company plans to construct 900 carbon-neutral petrol stations over the next five years. Rosneft Oil Enterprise is a Moscow-based integrated oil and gas company. In 2020, the firm reported total sales of $77.9 billion and a market capitalization of $75.5 billion, making it one of the world’s most valuable gas companies. ConocoPhillips will generate 595 million cubic feet of natural gas per day in the United States alone in 2020. The company is ranked 9th on the list of the 15 most valuable gas companies in the world, with a market capitalization of $75.648 billion. For more details, click 15 Most Valuable Gas Companies in the World.