Importance of oil is something that everybody understands
today, as almost every mean of transportation, whether it’s of goods or transporting
people from one place to another, needs oil mandatorily. Changes in oil prices
affect every product/service that requires transportation. Have you ever
wondered which are the biggest oil companies? Let’s find out on Insider Monkey,
as it has compiled a list of eleven biggest oil companies in the world.
There is no denying the fact that oil and petroleum are the
crux of the activities of the modern world and hence, its prices and production
affect each one of us. Whether it is for industry or for commercial use, our
daily lives are crippled without oil and petroleum products. And, even when
sources are susceptible to depletion, the oil consumption of the world is
skyrocketing at a staggering 30 billion barrels per year.
Of course, such a huge consumption figure has to be met with
an equally enormous extraction of oil and the biggest oil companies in the
world are accounting for the largest volumes of it. The industry tackles most
of the earth’s energy needs, and most of it, up to almost 53%, is accounted for
by the Middle East. To read more, please visit 11 Biggest Oil Companies in the World.
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