The Current State of the Global Natural Gas Industry
The global natural gas industry continues to see consistent growth over the last decade, led by the top 10 largest natural gas companies in the world. Since the financial crisis, demand and consumption have increased all over the world due to economies prospering. Natural gas production has been rising since the economic crisis of 2009 with a compound annual growth rate of 2.8%. In terms of market performance, leading the way for the largest natural gas producers is China National Petroleum Corporation — the largest gas company in the world by revenue. The top natural gas producers after CNPC are the Saudi-based Saudi Aramco and Royal Dutch Shell from the Netherlands & UK rounding out the top 10 largest natural gas companies in the world in 2022 by revenue. This post will breakdown the major natural gas companies in detail and answer the following questions about the industry:
- What are the largest natural gas companies in the world by revenue?
- What are the largest natural gas companies in the US?
- Global natural gas industry stats and trends you should know.
- How big is the global natural gas industry?
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Global Natural Gas Industry Statistics and Trends
- In 2018, global natural gas production hit a new record of 3937 Billion cubic meters, a 4.0% increase compared to 2017.
- Natural gas production has been rising since the economic crisis of 2009 with a compound annual growth rate of 2.8%.
- The United States had the greatest relative increase in production at 11.5%.
- Canada is the 4th largest global producer of natural gas.
- The average annual growth rate of natural gas consumption in China was 13.3% per year over the last nine years.
- Global gas trade passed the 1.2 Tcm threshold in 2018, with growth mostly accounted for by the increase in global LNG trade which rose by 7.3%. China has emerged as a clear driver of import growth, increasing by 19.8 Bcm in 2018.
Top 10 Largest Natural Gas Companies in the World 2022
Who are the top 10 largest natural gas companies in the world by revenue in 2022? The following is a list of top natural gas producers ranked by their revenue figures in USD billion.
Rank |
Natural Gas Company |
Revenue (USD billions) |
Headquarters |
| 1 | China National Petroleum Corporation | 392.9 | Beijing, China |
| 2 | Saudi Aramco | 355.9 | Dhahran, Saudi Arabia |
| 3 | Royal Dutch Shell | 344.9 | The Hague, Netherlands |
| 4 | BP | 282.62 | London, England, UK |
| 5 | ExxonMobil | 279.3 | Texas, USA |
| 6 | Total S.A. | 209.36 | Courbevoie, France |
| 7 | Chevron Corporation | 158.9 | California, USA |
| 8 | ONGC | 119.6 | New Delhi, India |
| 9 | Gazprom | 112 | Saint Petersburg, Russia |
| 10 | Lukoil | 102 | Moscow, Russia |
1. China National Petroleum Corporation
What is the largest natural gas producer in the world? China National Petroleum Corporation is the largest natural gas company in the world by revenue. China National Petroleum Corporation generated revenues of USD 392.9 billion — ranking the company number 1 on this list of the largest natural gas companies in the world by revenue as of 2022. CNPC is China’s largest natural gas producer, producing over 109.37 million cubic meters of natural gas per year in China. The China National Petroleum Corporation is a major national oil and gas corporation of China PR, with its headquarters in Dongcheng District, Beijing. The company has operations in Iraq, Iran, Malaysia, Syria, Kazakhstan, Uzbekistan, Xinjiang Pipeline, Afghanistan, South Sudan, Russia, and New Zealand.
- Founded: 1988
- CNPC Headquarters: Dongcheng District, Beijing, China
- CNPC Revenue: USD 9 billion
- CNPC Number of Employees: 1,636,532
- CNPC Natural Gas Production: 109.37 cubic meters
CNPC Products and Services
- Petroleum
- Natural gas
- Petrochemicals
2. Saudi Aramco
Ranking number 2 on this list of the top 10 largest natural gas producers in the world is Saudi Aramco, Saudi Arabian multinational petroleum and natural gas company based in Dhahran, Saudi Arabia. According to Bloomberg News, Saudi Aramco is the most profitable company in the world. At 270 billion barrels, Saudi Aramco has the largest daily oil production of all oil-producing companies. The company is owned by the Government of Saudi Arabia and generated USD 355.9 billion — making it one of the largest natural gas producers companies in the world.
- Founded: 1933
- Saudi Aramco Headquarters: Dhahran, Saudi Arabia
- Saudi Aramco Revenue: USD 9 billion
- Saudi Aramco Number of Employees: 76,000
Saudi Aramco Products and Services
- Petroleum
- Natural gas
- Petrochemicals
3. Royal Dutch Shell
Royal Dutch Shell ranks 3rd on this list of the top 10 largest natural gas companies in the world by revenue, generating USD 344.9 billion last year. Royal Dutch Shell is a British-Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in England. Royal Dutch Shell is the largest company in Europe measured by revenues. Royal Dutch Shell produces 9.3 billion cubic feet of natural gas per day with 34% of the company’s natural gas production coming from the East and Southeast Asia regions, and 32% coming from Europe; while the remaining 17% coming from North America. Royal Dutch Shell has a market capitalization of about USD 229.46 billion — making it one of the most reliable market performers around. Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, transport, distribution and marketing, petrochemicals, power generation, and trading.
- Founded: 1907
- Royal Dutch Shell Headquarters: Haagse Hout, The Hague, Netherlands
- Royal Dutch Shell Revenue: USD 9 billion
- Royal Dutch Shell Number of Employees: 82,000
- Royal Dutch Shell Natural Gas Production: 9.3 billion cubic feet per day
Royal Dutch Shell Products and Services
- Petroleum
- Natural gas
- Petrochemicals
4. BP
BP ranks number 4 on this list of the top natural gas producers in the world with last year’s revenues exceeding USD 282.62 billion. BP is a multinational oil and gas company headquartered in London, United Kingdom. BP produces 8.7 billion cubic feet of natural gas per day— making it also one of the largest natural gas producers in the world. The company currently is headquartered out of the UK and has over 73,000 employees throughout its many operations. Currently, BP has operations in nearly 80 countries worldwide. In addition to natural gas production, BP is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation, and trading. It also has renewable energy interests in biofuels, wind power, smart grid, and solar technology.
- Founded: 1909
- BP Headquarters: London, England, UK
- BP Revenue: USD 62 billion
- BP Number of Employees: 73,000
- BP Natural Gas Production: 8.7 billion cubic feet per day
BP Products and Services
- Petroleum
- Natural gas
- Motor fuels
- Aviation fuels
- Petrochemicals
5. ExxonMobil
Ranking 5th on this list of the top 10 largest natural gas companies in the world by revenues is ExxonMobil, an American multinational oil and gas corporation headquartered in Irving, Texas. ExxonMobil has substantial investments in natural gas, including the acquisition of the largest independent natural gas producer in the USA, XTO Energy. Exxon Mobil had a market capitalization of USD 311.96 billion — making it one of the most lucrative companies in the world for investment. ExxonMobil generated revenues of USD 279.3 billion last year and produces 9.97 billion cubic feet of natural gas daily.
- Founded: 1999
- ExxonMobil Headquarters: Irving, Texas, USA
- ExxonMobil Revenue: USD 3 billion
- ExxonMobil Number of Employees: 71,000
- ExxonMobil Natural Gas Production: 9.97 billion cubic feet per day
ExxonMobil Products and Services
- Crude oil
- Oil products
- Natural gas
- Petrochemicals
- Power generation
Related: Get Free Insights for 100+ Top Natural Gas Companies
6. Total S.A.
Ranking 6th on BizVibe’s list of the major natural gas companies ranked by revenue is Total S.A., a French multinational integrated oil and gas company founded in 1924 and one of the seven “Supermajor” oil companies in the world. Total S.A. produces 6.99 million cubic feet of natural gas daily. The company also has a market capitalization of approximately USD 135.9 billion. Total S.A. businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. Total is also a large scale chemicals manufacturer. The company generated USD 209.36 billion — making it one of the largest natural gas companies in the world by revenue.
- Founded: 1924
- Total S.A. Headquarters: Tour Total, Courbevoie, France
- Total S.A. Revenue: USD 209.36 billion
- Total S.A. Number of Employees: 104,000
- Total S.A. Natural Gas Production: 6.99 million cubic feet per day
Total S.A. Products and Services
- Oil and gas exploration and production
- Natural gas and LNG trading and transportation
- Oil refining
- Chemicals
- Solar and biomass
7. Chevron Corporation
Chevron Corporation ranks 7th on this list of the largest natural gas producers in the world with revenues exceeding USD 158.9 billion last year. Chevron Corporation is headquartered in California, USA, and produces about 5.86 billion cubic feet of natural gas daily, making it one of the largest natural gas companies in the US. Chevron Corporation is active in over 180 countries and covers every aspect of the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration and production; refining, marketing, and transport; chemicals manufacturing and sales; and power generation.
- Founded: 1879
- Chevron Headquarters: San Ramon, California, USA
- Chevron Revenue: USD 158.9 billion
- Chevron Number of Employees: 51,900
- Chevron Natural Gas Production: 5.86 billion cubic feet per day
Chevron Products and Services
- Petroleum
- Natural gas
- Petrochemicals
8. Oil and Natural Gas Corporation (ONGC)
Oil and Natural Gas Corporation is an Indian Multinational Crude Oil and Gas Corporation. Its registered office is in New Delhi, India. The company is owned by the Government of India and is the largest oil and gas exploration and production company in India. Last year ONGC generated revenues of USD 119.6 billion, making it one of the top natural gas producers in the world ranked by annual revenues.
- Founded: 1956
- ONGC Headquarters: New Delhi, India
- ONGC Revenue: USD 119.6 billion
- ONGC Number of Employees: 33,650
ONGC Products and Services
- Petroleum
- Natural gas
- LNG
- Lubricants
- Petrochemicals
- Electricity
9. Gazprom
Ranking 9th on this list of the top 10 largest natural gas companies in the world is Gazprom, a partially state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg, Russia. Last year Gazprom generated revenues of USD 112 billion and currently produces 35.2 billion cubic feet. Gazprom produces 12% of the total world’s natural gas on an annual basis — making it among the top natural gas producers in the world in terms of output. Gazprom also has a market capitalization of about USD 80.56 billion. Gazprom is vertically integrated and is active in every area of the gas industry, including exploration and production, refining, transport, distribution and marketing, and power generation.
- Founded: 1989
- Gazprom Headquarters: Saint Petersburg, Russia
- Gazprom Revenue: USD 112 billion
- Gazprom Number of Employees: 469,600
- Gazprom Natural Gas Production: 35.2 billion cubic feet per day
Gazprom Products and Services
- Petroleum
- Natural gas
- Petrochemicals
10. Lukoil
Rounding out BizVibe’s list of the top 10 largest natural gas companies in the world is Lukoil, a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, and petroleum products. Last year the company generated USD 102 billion in revenues and operates in more than 40 countries around the world.
- Founded: 1991
- Lukoil Headquarters: Moscow, Russia
- Lukoil Revenue: USD 102 billion
- Lukoil Number of Employees: 107,405
Lukoil Products and Services
- Petroleum
- Natural gas
- Petrochemicals
This is BizVibe’s list of the top 10 largest natural gas companies in the world in 2022 ranked by revenue. These companies are driving stellar growth in arguably the most profitable industry in the world, providing the world with the natural resources to run entire economies.
Reach out to the top natural gas companies today on BizVibe.
Largest Natural Gas Producers by Revenue – Complete List
Here is a complete list of the top 35 of the largest natural gas producers in the world ranked by revenue Which one of these companies will eventually enter the top 10 largest natural gas companies in the world list?
Rank |
Natural Gas Company |
Revenue (USD billion) |
Country |
| 1 | China National Petroleum Corporation | 392.9 | China |
| 2 | Saudi Aramco | 355.9 | Saudi Arabia |
| 3 | Royal Dutch Shell | 344.9 | Netherlands & UK |
| 4 | BP | 282.62 | UK |
| 5 | ExxonMobil | 279.3 | USA |
| 6 | Total S.A. | 209.36 | France |
| 7 | Chevron Corporation | 158.9 | USA |
| 8 | ONGC | 119.6 | India |
| 9 | Gazprom | 112 | Russia |
| 10 | Lukoil | 102 | Russia |
| 11 | Rosneft | 118.46 | Russia |
| 12 | Valero Energy | 117.033 | United States |
| 13 | JX Holdings | 103.13 | Japan |
| 14 | Phillips 66 | 102.35 | United States |
| 15 | Marathon Petroleum | 96.504 | United States |
| 16 | Petrobras | 95.6 | Brazil |
| 17 | Pemex | 85.4 | Mexico |
| 18 | Equinor | 79.6 | Norway |
| 19 | Kuwait Petroleum Corporation | 79.45 | Kuwait |
| 20 | Eni | 76 | Italy |
| 21 | PTT | 68.24 | Thailand |
| 22 | Engie | 67.68 | France |
| 23 | SOCAR | 65.41 | Azerbaijan |
| 24 | Indian Oil Corporation | 65.1 | India |
| 25 | Reliance Industries | 64.6 | India |
| 26 | Repsol | 58.9 | Spain |
| 27 | Pertamina | 57.9 | Indonesia |
| 28 | Idemitsu Kosan | 44.1 | Japan |
| 29 | OMV Group | Austria | |
| 30 | Sonatrach | 39 | Algeria |
| 31 | ConocoPhillips | 38.727 | United States |
| 32 | Hindustan Petroleum | 37.17 | India |
| 33 | Centrica | 29.7 | United Kingdom |
| 34 | Petronas | 26.92 | Malaysia |
| 35 | PDVSA | 23.3 | Venezuela |
The Future of the Global Natural Gas Industry
The consumption of natural gas is going nowhere as economies are prospering at rates never before seen. As mentioned above, the market has seen consistent growth for nine consecutive years — led by innovations and globalization from the largest natural gas companies in the world. Expect similar trends to continues as natural gas investments remain extremely lucrative.
Top Companies from Addtional Natural Gas Sectors
There are many companies in the natural gas industry that extend beyond its typical natural gas producers.
The Largest Natural Gas Pipeline Companies
Natural gas pipelines are highly integrated network that moves natural gas throughout regions. The largest natural gas pipeline companies are:
1. Enbridge Inc
- Revenue: USD 47.07 billion
- Headquarters: Canada
2. Plains All American Pipeline, L.P.
- Revenue: USD 42.07 billion
- Headquarters: USA
3. Plains GP Holdings, L.P.
- Revenue: USD 42.07 billion
- Headquarters: USA
4. MPLX LP
- Revenue: USD 10.02 billion
- Headquarters: USA
5. Magellan Midstream Partners L.P. Limited Partnership
- Revenue: USD 2.73 billion
- Headquarters: USA
Check out the full list of the top natural gas pipeline companies on BizVibe.
The Largest Renewable Natural Gas Companies
Renewable natural gas is a pipeline-quality gas that is fully interchangeable with conventional natural gas. The largest renewable natural gas companies are:
1. Orsted A/S
- Revenue: USD 51.45 billion
- Headquarters: Denmark
2. Iberdrola SA
- Revenue: USD 36.9 billion
- Headquarters: Spain
3. JinkoSolar Holding Co. Ltd.
- Revenue: USD 33.95 billion
- Headquarters: China
4. Vestas Wind Systems A/S
- Revenue: USD 15.2 billion
- Headquarters: Denmark
5. Siemens Gamesa Renewable Energy SA
- Revenue: USD 9.48 billion
- Headquarters: Spain
Check out the full list of the top renewable natural gas companies on BizVibe.
Additional Natural Gas Companies
Network with the complete list of natural gas companies only on BizVibe.
