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What are the Largest Oil Companies on the Planet?

With the ever rising cost of motor fuel in most countries around the world, more and more attention has been focused on the largest oil companies in today's market. Many people are not entirely certain what are the largest oil companies in the world today.

Before turning to focus directly on the largest oil companies in the world, it is interesting to look at the top ten largest corporations of all varieties in operation in the world today. The top ten corporations in the world today, the ten largest corporations in the world today are:

  1. Exxon Mobil
  2. Wal-Mart Stores
  3. Royal Dutch Shell
  4. BP
  5. General Motors
  6. Chevron
  7. DaimlerChrysler
  8. Toyota Motor
  9. Ford Motor
  10. ConocoPhillips

Fully fifty percent of the largest companies on the planet today are oil companies:

One interesting trend that has been occurring in the past decade involves the merger of oil companies. Indeed, it is because of the merger of the Exxon and Mobile corporations that drove the combined Exxon Mobile to the top of the charts as the largest corporation in the world. Of the five oil companies that dominate the list of the top ten largest companies in business today, three of the companies are merged enterprises. The mergers took place only in the past ten years:

Historically, when oil companies first started to gain a significant market share in the United States and around the world, these companies were large "oil trusts" owned and operated by a few families. The prime example was the Standard Oil Trust owned by John D. Rockefeller.

Interestingly, in the United States and in some other countries around the world, the large oil trusts were broken up by the government. In today's world, the mammoth companies that have come into existence because of the merger of oil companies far exceed the assets and holdings of the oil trusts that were dismantled a few generations ago.

In the 21st century, the vast majority of oil companies in operation have enjoyed significant profits. This definitely has been the case with the major oil companies that have been mentioned previously and that dominate the list of the top ten biggest companies in the world at this point in history.

Most industry insiders and analysts believe that the revenues and profits enjoyed by major -- and smaller -- oil companies are expected to continue to rise unabated into the foreseeable future. A minority of industry analysts maintain that the governments of some countries (perhaps even the United States) may be positioned to attempt to enact some sort of windfall profits tax of the kind that was legislated into being in the 1970s. However, the belief that a tax on so-called windfall profits might be forthcoming in the United States or elsewhere is a minority perspective.

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