The 10 Highest-Earning Oil and Gas Companies in Algeria (2024)

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Oil and gas exploration is unquestionably one of the most difficult and expensive jobs on the planet. Most oilfields are located in geographically remote areas, and the logistics required for extracting, processing, and transporting petroleum products are incredible. That is why only a handful of companies can enter this challenging industry. At Afrikta, we have decided to look into the major oil and gas companies operating in Algeria. Because it is among the largest oil and gas producers in Africa. It has proven oil reserves of 12.2 billion barrels. Here is the list of the top 10 highest-earning oil and gas companies in Algeria. To be fair, the list does not include the national oil company Sonatrach.

1. Schlumberger

Schlumberger Limited is a multinational oilfield services company with around 160 nationalities working in over 120 countries. Also known as SLB the firm creates cutting-edge solutions to assist the global energy business in becoming more efficient and sustainable. Schlumberger’s operations include drilling, testing, completing, pumping, and cementing wells. It is one of the best oil drilling companies in Algeria.

  • Founded: 1926
  • Headquarters: Houston, Texas, United States
  • Revenue: 22.93 billion USD (2021)
  • Number of employees: 92,000 (2021)
  • Operations worldwide: 120 countries
  • Schlumberger Algeria Address: Route de Ouled Fayet, Zone d’activité d’Amara Lot N 08,، Chéraga, Algeria


2. Halliburton

The Halliburton Company is an American global corporation. It is the world’s second-largest oil field service firm and one of Algeria’s top oil and gas companies. The company employs around 40,000 people and operates in over 70 countries, with hundreds of subsidiaries, affiliates, branches, brands, and divisions. Halliburton specializes in providing upstream oil and gas operators with a wide range of products and services. It is one of the best oil and gas services companies in Algeria that helps its customers in many areas. For instance, managing geological data, drilling, and optimizing oil production.

  • Founded: 1919
  • Headquarters: Houston, Texas, United States
  • Halliburton Revenue: 15.1 billion USD (2021)
  • Number of employees: 40,000 staff (2021)
  • Operations worldwide: 70 countries
  • Address location: 30500 HASSI MESSAOUD WILAYA DE OUARGLA 30500 PO. BOX 42


3. ENI Algeria Production B.V

Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. AGIP, established in 1926 to explore oilfields, acquire, and sell oil and derivatives, launched ENI in 1953. Eni has had a presence in Algeria since 1981, with a 95,000 barrels of oil equivalent per day equity production. According to Worldometers, the Algeria oil production ranking is 16th in the world Eni is now Algeria’s most important multinational corporation. Apart from oil and gas extraction, the corporation is also involved in the oil refinery, chemical production, and power generation.

  • Founded: 1953
  • Headquarters: Rome, Italy
  • Revenue: 44.9 billion USD (2021)
  • Number of employees: 30,000 staff (2021)
  • Operations worldwide: 41 countries
  • ENI Algeria Address: Institut National de Santé Publique – INSP, Chem. Al-Bakri, El Biar, Algeria

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4. TotalEnergies

TotalEnergies, a French international energy corporation formed in 1924, develops and markets a wide range of energy products on a global scale including oil and biofuels, natural gas, greenhouse gases, renewable energy, and more. The company is the major oil and gas EPC in Algeria. Its 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.

  • Founded: 1924
  • Headquarters: Courbevoie, France
  • Revenue: 190 billion USD (2021)
  • Number of employees: 105,000 staff (2022)
  • Operations worldwide: 130 countries
  • Address location: 20 rue Sfindja, El Biar 16023 Alger, Algeria


5. Anadarko Petroleum

Anadarko Petroleum Corporation is among the American oil companies in Algeria that focus on hydrocarbon exploration and production. Occidental Petroleum, an American business engaged in hydrocarbon exploration and petrochemical manufacturing in the United States, the Middle East, and Colombia, purchased the company in 2019. On the Fortune 500, the company ranked 167th, while on the Forbes Global 2000, it ranked 669th.

  • Founded: 1959
  • Headquarters: Texas, U.S.A
  • Revenue: 13.07 Billion USD (2018)
  • Number of employees: 4,700 staff (2018)
  • Address location: 4 Chemin des Glycines, Hydra Algiers, Algeria


6. Sinopec

Sinopec, also called China Petroleum & Chemical Corporation, is a Beijing-based Chinese oil and gas company. It has a Hong Kong stock exchange listing and trades in Shanghai and New York. Sinopec Algeria’s parent company, Sinopec Group, is located in Beijing and is the world’s largest oil refining, gas, and petrochemical conglomerate. Its operations include oil and gas exploration, refining, and marketing. Additionally, there are petrochemicals, chemical fibers, chemical fertilizers, and other chemical goods manufacturing and sales.

  • Founded: 2000
  • Headquarters: Beijing, China
  • Revenue: 353.27 billion USD (2021)
  • Number of employees: 845,000 staff (2022)
  • Operations worldwide: 76 countries
  • Address location: Rue Khodjet El Djald les Sources Bir Mourad Rais , Alger.


7. CPECC Algeria

CPECC (China Petroleum Engineering & Construction Corporation) is a subsidiary of China National Petroleum Corporation (CNPC), specializing in oil engineering, construction, and lump-sum contracting. It has become CNPC’s most prominent subsidiary in international and domestic petroleum projects. CPECC employs 33,000 people from all over the world who work in 76 countries. CPECC Algeria is one of the top oil and gas companies in Algeria.

  • Founded: 1962
  • Headquarters: Beijing, China
  • Revenue: 353.27 billion USD (2021)
  • Number of employees: 46,440 staff
  • Operations worldwide: 76 countries
  • Address location: 28, Coopérative des Mimosas, BEN-AKNOUN, 16306, Alger, Algeria


8. BP Exploration Algeria

The giant British Petroleum (BP) has invested massively in Algeria for about 30 years. The firm assisted in constructing two major gas projects such as the In Salah Gas and In Amenas, which represent around 15% of Algerian gas exports. In addition, BP Exploration Algeria offers a variety of social development activities in Algeria that focus on education and health. It is the first foreign energy organization to join the Algerian National Olympic and Paralympic Committees as a social partner in 2019.

  • Founded: 1909
  • Headquarters: London, United Kingdom
  • Revenue: 183.5 billion USD (2020)
  • Number of employees: 70,100 (2021)
  • Operations worldwide: 70 countries
  • BP Algeria Address: Lotissem*nt No16 Les Cretes Hydra, 16035 Algiers, Algeria
  • Phone: +213 21 48 10 36


9. Shell Oil Algeria

Shell Plc is a multinational oil & gas and petrochemical firm. In 1928, the international company began operations in Algeria, supplying fuel and lubricants to the automotive and aviation industries. Shell Oil Algeria now focuses on onshore exploration and lubricant distribution to the country’s booming retail and industrial markets.

  • Founded: 1928
  • Headquarters: London, United Kingdom
  • Shell Plc Revenue: 180.5 billion USD (2020)
  • Number of employees: 86,000 (2021)
  • Operations worldwide: over 70 countries
  • Address location: 5, Chemin El Bekri (ex Macklay) Ben Aknoun16033 Algiers – Algeria
  • Phone: +213 21 915 915

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10. Gazprom EP International

Gazprom is a global energy enterprise that focuses on geological exploration, production, transportation, storage, processing, and commercialization of gas, gas condensate, and oil. The company is one of the major international oil companies in Algeria that has an exploration & production project in the Berkine oil-and-gas-bearing basin’s El Assel area. Additionally, four gas and oil fields have been discovered in the area. They’re all currently prepared for development. Today, the Algerian oil industry is booming, thanks to these multinational companies.

  • Founded: 1989
  • Headquarters: Saint Petersburg, Russia
  • Revenue: 87.4 billion USD (2020)
  • Number of employees: 477,600 (2021)
  • Operations worldwide: over 30 countries
  • Address location: 19, Lotissem*nt les Crêtes, Hydra, 16035, Algiers, Algeria
  • Phone: +213 (0) 21 60 05 03

Written By AFRIKTA Editorial Team

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The 10 Highest-Earning Oil and Gas Companies in Algeria (2024)

FAQs

Who is the top oil and gas company in Algeria? ›

Sonatrach S.P.A. is the largest oil and gas company in Algeria and in Africa. The company operates in exploration, production, pipeline transportation, transformation and marketing of hydrocarbons and by-products.

Who are the biggest oil companies in Algeria? ›

Sonatrach owns roughly 80%of total hydrocarbon production in Algeria, while International Oil Companies (IOCs) account for the remaining 20%.

What oil company makes the most money? ›

Saudi Aramco is the world's largest integrated oil and gas company and its stock is not traded in the United States.
  1. Saudi Arabian Oil Co. ( Saudi Aramco) ...
  2. China Petroleum & Chemical Corp. ( SNPMF) ...
  3. PetroChina Co. Ltd. ( ...
  4. Exxon Mobil Corp. ( XOM) ...
  5. Shell PLC (SHEL) ...
  6. TotalEnergies SE (TTE) ...
  7. Chevron Corp. ( ...
  8. BP PLC (BP)

What are the 3 biggest oil companies? ›

The petro majors of the world, or the largest oil companies on the planet, namely Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), BP p.l.c. (NYSE:BP), and Shell plc (NYSE:SHEL) raked in $20 billion, $11 billion, $9.5 billion, and $8 billion in net income, which is the amount available to the firm ...

Who owns the gas in Algeria? ›

Founded in 1963, it is known today to be the largest company in Africa with 154 subsidiaries, and often referred as the first African oil "major".
...
Sonatrach.
TypeState-owned Corporation
IndustryOil and Gas
FoundedDecember 1963
HeadquartersHydra, Algiers , Algeria
Key peopleToufik Hakkar (CEO)
7 more rows

What are the big 4 oil companies? ›

Nearly all accounts of Big Oil include ExxonMobil, Chevron, Shell, BP, Eni and TotalEnergies. All six of these companies are vertically-integrated within the industry and operate upstream, midstream, and downstream.

What are Algeria's top 4 industries? ›

Economy of Algeria
Statistics
Unemployment11.4% (2019)
Main industriespetroleum, natural gas, light industries, mining, electrical, petrochemical, food processing
External
Exports$56.5 billion (2022 est.)
32 more rows

Who owns the biggest oil company? ›

Saudi Aramco is the largest state-owned oil company and company officials estimate it is worth $2 trillion. Kuwait Petroleum, China National Petroleum, and Venezuela's PDVSA are also examples of state-owned oil companies.

Who is the best oil company? ›

#1: Sinopec (Chinese Petroleum and Chemicals Corporation)

The company is a “vertically integrated energy & chemical company that is engaged in oil & gas exploration and production.”

What are the seven major oil companies? ›

Here are the new seven largest international oil companies in the world which are now commonly referred to as the seven SUPERMAJORS or the new Seven Sisters.
  • BP (British Petroleum) ...
  • CHEVRON. ...
  • EXXONMOBIL. ...
  • ROYAL DUTCH SHELL. ...
  • TotalEnergies. ...
  • ConocoPhillips. ...
  • ENI (Ente Nazionale Indrocarburi)
May 9, 2020

Who owns Algeria oil? ›

State-owned national oil company Sonatrach, the largest company in Africa, owns roughly 80 percent of total hydrocarbon production in Algeria, while International Oil Companies (IOCs) account for the remaining 20 percent.

Who are the 6 oil families? ›

In the maritime industry, a group of six companies that control the chartering of the majority of oil tankers worldwide are together referred to as "oil majors". These are: Shell, BP, ExxonMobil, Chevron, TotalEnergies and ConocoPhillips.

Who is the richest man in oil and gas industry? ›

The 10 wealthiest people in the oil industry
  1. Mukesh Ambani (57), 150 billion. ...
  2. Leonard Blavatnik (56), 123 billion. ...
  3. Gina Rinehart (60), 108 billion. ...
  4. Mikhail Fridman (50) 107 billion. ...
  5. Viktor Vekselberg (57), 106 billion. ...
  6. Harold Hamm (68), 106 billion. ...
  7. Mohammed Al Amoudi (67), 93 billion. ...
  8. Leonid Mikhelson (58), 86 billion.

Who is America's biggest oil producer? ›

ExxonMobil ranks first among United States' top ten oil and gas producing companies based on market capitalization. As of October 17, 2022, the Texas-based oil supermajor had a market cap of 410.22 billion U.S. dollars.

Who are the 7 sisters in oil and gas? ›

The 'seven sisters' comprises Anglo-Persian Oil Company (now BP); Gulf Oil, Standard Oil of California (SoCal) and Texaco (now Chevron); Royal Dutch Shell; Standard Oil of New Jersey (Esso) and Standard Oil Company of New York (Socony), (now ExxonMobil).

Who is the largest US oil and gas? ›

Leading oil and gas producers in the U.S. based on revenue 2022. ExxonMobil is the largest United States-based oil and gas producing company.

Who owned 90% of the oil industry? ›

In 1882, Standard Oil Trust created a network of Standard Oil companies throughout the country, led by a board of trustees, where Rockefeller owned over one third of the certificates. By the late 1880s, Standard Oil controlled 90% of American refineries.

Can Algeria replace Russian gas? ›

Algeria can be an alternative to Russian gas as it supplies gas to Europe through the Trans-Mediterranean Pipeline (TransMed) and by tankers for liquefied natural gas. Currently, Algeria is the second largest supplier of gas to Italy, right after Russia. Algeria also exports gas to Spain through two gas pipelines.

Does the US buy oil from Algeria? ›

The top three U.S. imports from Algeria, also by value, were Oil, (2) Gasoline, other fuels, and (3) Nitrogenous fertilizers. By tonnage, the top three U.S. exports were (1) Wheat, (2) Wood pulp, not dissolving grade, and (3) Polymers of vinyl chloride.

Who buys oil from Algeria? ›

At the same year, Crude Petroleum was the 2nd most exported product in Algeria. The main destination of Crude Petroleum exports from Algeria are: France ($1.15B), Greece ($522M), India ($502M), Netherlands ($473M), and United Kingdom ($467M).

Who are the world's top 5 oil producers? ›

The US is the top producer of oil, but the country requires foreign imports to meet its increasing domestic demand. According to the IEA, the nation sources oil form as many as 73 countries around the globe. The top five are Canada, Mexico, Russia, Saudi Arabia and Colombia.

Who controls the most oil in the world? ›

Venezuela

Who is the biggest gas supplier? ›

Gazprom is the largest natural gas producer with more than 18 trillion cubic feet in 2021. China had two companies in the top 10, including China National Petroleum and Sinopec, which ranked in the second and third spots.

What is Algeria's main source of income? ›

Algeria's economy is dominated by its export trade in petroleum and natural gas, commodities that, despite fluctuations in world prices, annually contribute roughly one-third of the country's gross domestic product (GDP).

What is Algeria rich for? ›

The World Bank classifies Algeria as an upper-middle income nation. The country is heavily reliant on energy exports in natural gas and oil.

What is the biggest industry in Algeria? ›

Algerian industry has been dominated by oil and natural gas in two ways. First, the hydrocarbon sector is by far the largest industrial sector. Second, the revenues generated by the export of oil, gas, and related products have been the main source of investment capital for other industries.

Who owns the oil in USA? ›

In 2014, petroleum and natural gas were the two largest sources of energy in the U.S., together providing 63 percent of the energy consumed (oil provided 35 percent and gas 28 percent).
...
Service companies.
RankCompanyMillion Bbl/Year
1BP237.0
2Chevron177.0
3ConocoPhillips153.0
4ExxonMobil112.0
7 more rows

Who controls 80% of the world's oil? ›

According to current estimates, 80.4% (1,241.82 billion barrels) of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 67.1% of the OPEC total.

How many oil companies does the US own? ›

There are at least tens of thousands of oil companies in the world. In the US alone, there are 9,000 independent oil companies, defined as a company with under $5 million in retail sales or that does not refine more than an average of 75,000 barrels per day of crude oil.

Who is the largest oil and gas producer in Africa? ›

Nigeria sustained its position as the largest oil producer in Africa for two straight month, as it pumped 1.235 million barrels per day (bpd) in December, according to the Organization of the Petroleum Exporting Countries (OPEC) data.

What are the top 5 oil companies found in Africa? ›

Top 5 West African Explorers
  • bp. British multinational energy company bp has an extensive footprint across the African continent, but its success in west Africa has been praised in particular. ...
  • Eni. ...
  • Kosmos Energy. ...
  • Petrosen. ...
  • Springfield E&P.
Aug 10, 2022

Who is the biggest oil supplier in Africa? ›

Nigeria was the leading oil producer in Africa as of 2021. Oil production amounted to roughly 78 million metric tons in the country.
...
Oil production in Africa as of 2021, by country (in million metric tons)
CharacteristicProduction in million metric tons
--
12 more rows
Aug 3, 2022

Who has the largest oil reserves in Africa? ›

Oil reserves, billion barrels, 2021 - Country rankings:

The average for 2021 based on 47 countries was 1.3 billion barrels. The highest value was in Nigeria: 36.89 billion barrels and the lowest value was in Botswana: 0 billion barrels. The indicator is available from 1980 to 2021.

What state in the US produces the most oil? ›

1. Texas
  • Total barrels annually (2020): 1.78 billion2.
  • Share of U.S. production (2020): 43.02%2.
  • Barrels per month (November 2021): 150.12 million6.

Who has the best oil in the world? ›

Saudi Arabia is a close second with 298 billion, and Canada is third with 170 billion barrels of oil reserves.
...
Proven Oil Reserves, by Country.
Rank#1
CountryVenezuela
Oil Reserves (billion barrels)304
Share of Global Reserves17.8%
13 more columns
Jun 7, 2021

Which country buys Algeria oil? ›

In 2021, Italy was the leading destination of petroleum gas and other gaseous hydrocarbon exports from Algeria. The country accounted for 41.1 percent of the total exports that year. Spain and France followed with a share of around 23 percent and 12.9 percent, respectively.

Who buys Algeria oil? ›

At the same year, Crude Petroleum was the 2nd most exported product in Algeria. The main destination of Crude Petroleum exports from Algeria are: France ($1.15B), Greece ($522M), India ($502M), Netherlands ($473M), and United Kingdom ($467M).

Who is the richest man in Algeria? ›

Issad Rebrab

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