What Companies are in the Energy Field? [2023 Update]
What Companies are in the Energy Field? – Due to energy’s importance to society, the energy industry keeps expanding. Those working in the energy sector provide and sell goods and services associated with energy generation.
No part of existence does not rely on some form of energy, making this field extremely vital and significant. Because of their essential role in modern life, energy businesses typically generate greater annual revenue than other sectors.
Also, increasing consumer demand for renewable energy means more business opportunities and new employment positions in the energy sector.
Anything that aids in the generation of energy is under the purview of the energy field. The energy field can be divided into two groups: Equipment and services are one set, while energy sources like oil, wind, and others are another.
Further, the energy industry is split roughly between renewable and non-renewable energy. The supply of renewable energy never runs out, whereas that of non-renewable sources does.
In this article, you will see a detailed list of the top companies in the energy field. Read on.
Are there Different Types of Energy Providers?
Yeah. Numerous energy providers significantly contribute to their customers’ daily lives. The most frequent categories of energy firms are described here:
Gas and Oil Production Companies
In terms of energy production, the oil and gas sector is substantial. These businesses conduct oil and gas prospecting, processing, and production. Due to oil’s crucial role in modern society, these businesses are both valuable and expensive.
Refining and Pipeline Companies
Companies in this sector specialize in refining and processing crude oil into refined petroleum products, including gasoline, diesel fuel, and heating oil.
Renewable Energy Companies
Businesses in the renewable energy sector focus on creating and utilizing clean energy options like wind, biomass, solar, geothermal, and landfill gas.
They develop clean energy solutions that maximize the potential of existing energy sources for businesses and other institutions.
What Companies are in the Energy Field?
Below are the top and largest companies in the energy field:
ExxonMobil
ExxonMobil’s revenue in 2022 (TTM) is $386.81 Billion. Headquarters in Irvin, Texas.
The world’s largest publicly listed oil and gas business, ExxonMobil, relies on cutting-edge technology and creative problem-solving to keep up with the global energy demand.
Additionally, they have one of the greatest resource stocks in their field and are a major player in the global chemical, chemical, and petroleum marketing and distribution industries.
ExxonMobil has a history of successfully adapting to the ever-growing demand for energy in modern civilization.
Also, long-term investments in technology combined with human inventiveness put them in a strong position to continue to address the needs of a growing global economy sustainably.
Chevron Corporation
Chevron’s revenue in 2022 (TTM) is $227.05 Billion. Headquarters in San Ramon, California.
Chevron is a multi-faceted energy conglomerate that operates in the oil and gas industries. The business also engages in the distribution and refining of fuel in addition to marketing and distributing it.
They also engage in mining, chemical processing, energy services, and electricity production.
ConocoPhillips
ConocoPhillips’ revenue in 2022 (TTM) is $75.05 Billion. Headquarters in Houston, Texas.
ConocoPhillips is a leading energy company focusing on finding and extracting oil and natural gas. Further, the company facilitates worldwide economic growth and human advancement.
General Electric Company
In its most recent financial report, General Electric’s 2022 (TTM) revenue is $75.13 Billion. Headquarters in Boston, Massachusetts.
General Electric is a multinational technology corporation. GE’s primary lines of business are as follows: GE Additive, GE Aviation, GE Capital, GE Digital, GE Healthcare, GE Lighting, GE Power, GE Renewable Energy, and GE Transportation.
American Electric Power
American Electric Power’s revenue in 2022 (TTM) is $18.44 Billion. Headquarters in Columbus, Ohio.
The utility sector is familiar with the name American Electric Power. The business generates electricity using coal-fired power facilities.
In addition to hydro, wind, and pumped storage, they run nuclear power facilities and natural gas generators.
Enterprise Products Partners
Enterprise Products Partners’ revenue in 2022 (TTM) is $55.90 Billion. Headquarters in Houston, Texas.
Enterprise Products Partners LP is a midstream energy company that operates in the US, Canada, and the Gulf of Mexico, serving producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals.
Phillips 66
Phillips 66 revenue in 2022 (TTM) is $162.31 Billion. Headquarters in Houston, Texas.
Phillips 66 is a refiner and producer of petroleum, petrochemicals, natural gas, lubricants, and fuels in the energy field.
Additionally, Phillips 66 has branched out into the renewable energy market. Specifically by developing a solar technology known as a hyper-efficient organic photovoltaic cell.
Exelon Corporation
Exelon Corporation’s revenue in 2022 (TTM) is $24.04 Billion. Headquarters in Chicago, Illinois. The Exelon Corporation provides electrical generation and transmission services.
It operates more nuclear power plants in the United States than any other company. Hydroelectric plants, solar panels, wind turbines, and fossil fuel power plants are all used by them to create electricity.
Southern Company
Southern Company’s revenue in 2022 (TTM) is $27.28 Billion. Headquarters in Atlanta, Georgia.
Georgia, Illinois, Mississippi, Tennessee, Virginia, and Alabama are all served by Southern Company, an electric utility company.
It utilizes various energy sources, including coal, natural gas, nuclear, and renewables.
Dominion Energy
Dominion Energy’s revenue in 2022 (TTM) is $17.08 Billion. Headquarters in Richmond, Virginia.
Dominion Energy provides both gas and electricity to its customers. Various energy sources such as hydroelectric, nuclear, solar, and coal-fired plants are managed by it.
In addition, about 2.6 million people in North Carolina and Virginia use their products and services.
Duke Energy Corporation
Duke Energy Corporation’s revenue in 2022 (TTM) is $28.02 Billion. Headquarters in Charlotte, North Carolina.
This energy provider operates hydroelectric, solar, and wind facilities and conventional nuclear, coal-fired, and oil and gas power plants. Additionally, they serve millions of clients in the distribution of electricity.
NextEra Energy
NextEra Energy’s revenue in 2022 (TTM) is $19.83 Billion. Headquarters in Juno Beach, Florida.
NextEra Energy is a nationwide energy provider rapidly expanding its customer base and earning power across the United States.
Also, NextEra is one of the largest corporations in the world that focuses on renewable energy sources like wind and solar. The corporation can produce 45,500 megawatts of electricity.
Sempra Energy
Sempra Energy’s revenue in 2022 (TTM) is $14.82 Billion, Headquarters in San Diego, California.
Sempra Energy is another major player in the energy field that provides electricity and natural gas.
It develops and manages natural gas and electricity infrastructure, including transmission and distribution lines and liquefied natural gas plants.
Xcel Energy
Xcel Energy’s revenue in 2022 (TTM) is $14.50 Billion. Headquarters in Minneapolis, Minnesota.
Utility provider Xcel Energy focuses mostly on the Midwest US through its four operating subsidiaries. Coal, nuclear power, and hydroelectricity are only a few of the energy sources they employ.
Xcel’s diverse power plants can generate 17,000 MegaWatts, enough to supply electricity to approximately 13 million homes.
EOG Resources
EOG Resources’s revenue in 2022 (TTM) is $28.90 Billion. Headquarters in Houston, Texas.
Publicly traded energy firm EOG Resources engages in hydrocarbon exploration and production of petroleum, natural gas, and natural gas liquids.
Though EOG Resources is heavily invested in the non-renewable oil and gas business, the company stated in 2019 that it is actively working to position itself as a forward-thinking sustainability partner.
Consolidated Edison, Inc.
Consolidated Edison, Inc.’s revenue in 2022 (TTM) is $15.05 Billion. Headquarters in New York, New York.
Though it only operates in the New York metropolitan area, Consolidated Edison, Inc. serves over 3.4 million customers, making it one of the largest energy firms in the United States.
Through its subsidiaries, it offers consumers essential energy services like electricity, gas, and steam.
Pioneer Natural Resources
Pioneer Natural Resources’s revenue in 2022 (TTM) is $24.78 Billion. Headquarters in Irving, Texas.
Pioneer Natural Resources is one such energy firm concentrating on hydrocarbon exploration in the Permian Basin.
Over half of the company’s total reserves of 1.135 billion barrels of oil equivalent are petroleum. Also, the value of their power plants and business operations is pegged at $126 billion.
In 2020, Parsley Energy Inc. successfully paid $4.5 billion and officially acquired Pioneer Natural Resources.
Kinder Morgan
Kinder Morgan’s revenue in 2022 (TTM) is $18.89 Billion. Headquarters in Houston, Texas.
Few firms in North America are as large as Kinder Morgan regarding energy infrastructure. They have a stake in or run 141 terminals and 83,000 miles of pipelines.
Additionally, their pipes carry a wide variety of products, including natural gas, crude oil, carbon dioxide (CO2), gasoline etc.
Also, their terminals are used for storing and transporting various products, including renewable fuels, petroleum products, chemicals, vegetable oils, and more.
Williams Companies
Williams Companies’ revenue in 2022 (TTM) is $11.49 Billion. Headquarters in Tulsa, Oklahoma.
Williams Companies is an energy infrastructure firm that aims to link the expanding natural gas and natural gas liquids (NGLs) markets in North America with the continent’s vast hydrocarbon resource plays.
This firm has critical holdings in the deep water Gulf of Mexico, the Rockies, the Pacific Northwest, and the Eastern Seaboard. They operate interstate gas pipelines and collection & processing facilities across the United States.
Also, midstream collection and processing assets, as well as interstate natural gas pipelines, are owned and operated by Williams companies.
Marathon Petroleum Corporation
Marathon Petroleum Corporation’s revenue in 2022 (TTM) is $172.97 Billion. Headquarters in Findlay, Ohio.
The Marathon Petroleum Corporation (MPC) is an industry-pioneering downstream energy firm. The firm controls the largest refining network in the United States.
All around the United States, you can find MPC-branded locations, such as Marathon-branded retail outlets.
In addition to its operations, MPC controls the logistics and transportation of crude oil and light products through its ownership of MPLX LP. MPLX LP is a midstream company that owns and manages gathering, processing, and fractionation assets.
SLB (formerly Schlumberger)
SLB’s revenue in 2022 (TTM) is $26.43 Billion. Headquarters in Houston, Texas.
To the oil & gas business, SLB is the preeminent provider of technical services in reservoir characterization, drilling, production, and processing.
SLB also provides integrated pore-to-pipeline solutions for hydrocarbon recovery that maximize reservoir performance and the full spectrum of goods and services required for exploration and production.
Baker Hughes
Baker Hughes’ revenue in 2022 (TTM) is $20.73 Billion. Headquarters in Houston, Texas.
One of the world’s major oil field services providers, Baker Hughes Company is a multinational corporation.
The firm offers services and products to the oil and gas industry, including drilling, reservoir consulting, completion, production, and formation appraisal.
Halliburton
Halliburton’s revenue in 2022 (TTM) is $18.99 Billion. Headquarters in Houston, Texas.
Regarding products and services for the energy sector, Halliburton ranks among the best in the world.
The company develops cutting-edge technologies, products, and services to aid its clients in maximizing their assets’ value over time and bringing about a more sustainable energy future.
Final Thoughts
The companies listed above are some of the top companies in the energy field, each with varying specialization and focus or area of concentration.
Also, the world’s energy problem will likely remain among the century’s top ten challenges. Excitingly, some companies are coming up with new ways to address several energy problems.
Also see: What Companies are in the Consumer Services Field
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