STATE COMPANIES DOMINATE OGJ100 LIST OF NON-U.S. OIL PRODUCERS

Robert J. Beck
Economics Editor

Laura Bell
Survey Editor

Because many of them report only operating information, companies on the worldwide list cannot be ranked by assets or revenues. The list, therefore, is organized regionally, based on location of companies' corporate headquarters.

The leading nongovernment company in both reserves and production is Royal Dutch/Shell. It ranks sixth in the world in liquids production and 11th in liquids reserves, as it has for the past 2 years.

British Petroleum is the next largest nongovernment company. BP ranks 11th in liquids production and 16th in liquids reserves.

Elf Aquitaine, 55.8% government-controlled, ranked 17th in liquids production. AGIP was 20th in liquids production.

Kuwait Petroleum returned to the list of top 20 producers, ranking 12th, as it restored production shut in by facilities damage sustained during the Persian Gulf crisis.

New to the top 20 reserves list is Petroleo Brasileiro, which moved to 20th position.

The top 20 companies in the OGJ100 held reserves estimated at 869.3 billion bbl in 1992 vs, 869.5 billion bbl in 1991 and 854.2 billion bbl in 1990.

The top 20 control 87.2% of the total world oil reserves estimated by OGJ for 1992, down from 87.7% in 1991 but up from 85.5% in 1990 and 85.2% in 1989.

In 1992 the top 20 accounted for 58.5% of total world liquids production. This was down slightly from 58.6% the year before.

Major U.S. international oil companies are not included in the OGJ100, but several would rank in the top 20.

Exxon would rank ninth in worldwide liquids production and 14th in worldwide liquids reserves.

Other U.S. companies that would make the list of top oil producers are Chevron 14th, Mobil 16th, ARCO 17th, and Amoco 19th.

No other companies on the OGJ300 list would make the list of the top 20 companies worldwide in terms of liquids reserves.

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