To compile the Top 20 Oil Producing Companies in the US, we selected the largest companies operating in the US oil industry based on their 2023 revenues.
Top 20 Oil Producing Companies
- Exxon Mobil Corporation (NYSE)
- Revenue (2023): $334.70 billion
- Highlights: Produced 2.45 million barrels of liquids per day in 2023.
- Chevron Corporation (NYSE)
- Revenue (2023): $196.91 billion
- Highlights: Involved in a $53 billion acquisition of Hess.
- ConocoPhillips (NYSE)
- Revenue (2023): $56.14 billion
- Highlights: Operating across various international locations including the US, Canada, Europe, and Asia Pacific.
- Occidental Petroleum Corporation (NYSE)
- Revenue (2023): $28.26 billion
- Highlights: Projects a slight increase in oil and gas production in 2024.
- EOG Resources (NYSE)
- Revenue (2023): $23.18 billion
- Highlights: Collaborating with BP to develop a natural gas field in Trinidad and Tobago.
- Devon Energy Corporation (NYSE)
- Revenue (2023): $15.26 billion
- Highlights: Focused on the Delaware Basin and experienced significant production growth.
- Hess Corporation (NYSE)
- Revenue (2023): $10.51 billion
- Highlights: Increased production in Guyana and the US Bakken shale region.
- Diamondback Energy, Inc. (NYSE)
- Revenue (2023): $8.34 billion
- Highlights: Significant production in the Permian Basin.
- Chesapeake Energy Corporation (NASDAQ)
- Revenue (2023): $7.78 billion
- Highlights: Recently merged with Southwestern Energy.
- Southwestern Energy Company (NYSE)
- Revenue (2023): $6.52 billion
- Highlights: Significant production in the Appalachian Basin.
- Marathon Oil Corporation (NYSE)
- Revenue (2023): $6.41 billion
- Highlights: Focuses on producing liquefied natural gas and methanol.
- Coterra Energy Inc. (NYSE)
- Revenue (2023): $5.91 billion
- Highlights: Experienced substantial production growth in early 2024.
- EQT Corporation (NYSE)
- Revenue (2023): $5.07 billion
- Highlights: Major independent upstream oil and gas producer.
- Antero Resources Corporation (NYSE)
- Revenue (2023): $4.28 billion
- Highlights: Focuses on the Appalachian Basin and reported significant production increases.
- Calumet Specialty Products Partners, L.P. (NASDAQ)
- Revenue (2023): $4.18 billion
- Highlights: Operates internationally and manufactures a diversified slate of specialty products.
- Chord Energy Corporation (NASDAQ)
- Revenue (2023): $3.90 billion
- Highlights: Increased net proved reserves significantly in the Williston Basin.
- Civitas Resources, Inc. (NYSE)
- Revenue (2023): $3.48 billion
- Highlights: Significant production in the Rocky Mountain region.
- Murphy Oil Corporation (NYSE)
- Revenue (2023): $3.45 billion
- Highlights: Completed strategic divestitures to focus on new projects in Asia and Africa.
- Permian Resources Corporation (NYSE)
- Revenue (2023): $3.12 billion
- Highlights: Major acquisitions in Eddy County, New Mexico.
- Matador Resources Company (NYSE)
- Revenue (2023): $2.82 billion
- Highlights: Surpassed production expectations in the last quarter of 2023.
These companies play a significant role in making the United States the largest oil producer globally, reflecting the extensive scale and impact of the U.S. oil industry.
