ENERGY

By Tsvetana Paraskova of OilPrice.com

Surging labor and construction costs are plaguing some major U.S. LNG export projects, threatening to delay new LNG supply to international markets.   

Wage growth since 2021, a shortage of skilled workers, and risin (more…)

By Tsvetana Paraskova of OilPrice.com

The international oil companies operating in Nigeria are seeking to undermine the operations and profit margins of Africa’s largest refinery, Dangote, by asking for high premiums for domestically produced crude, a senior official at the Dangote refinery has told local (more…)

Saudi Aramco controls 259 billion barrels worth of oil and gas reserves, which is unmatched by any other company globally. This is a key factor in the company’s massive $1.8 trillion valuation.

To illustrate that, Visual Capitalist's Marcus Lu created this chart to compare the proved reserves of major oil companies as of 2022.

Data was compiled by Statista from various company reports.

Crown Jewel

Saudi Aramco is the national oil company of Saudi Arabia. As of 2024, it is the sixth-largest company in the world by market capitalization.

Its oil reserves are over four times bigger than the reserves of all the other six companies on our list combined.

Behind Saudi Aramco, American company ExxonMobil comes in second with 17.7 billion barrels of oil equivalent, followed by another American (more…)