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   Issue 5/6, Winter 2005/Spring 2006

Company Research

Overview     Print Resources    
Internet Resources    
Major Oil & Gas Companies
LC Catalog Searches

Overview

The global oil and gas industry is a unique and sophisticated industry. In looking at some of its interesting characteristics, state-owned companies dominate exploration and production, referred to as "upstream services," while publicly owned companies dominate the refining and marketing aspects of the industry, or "down stream services."1

Estimating the size of the world oil and gas industry is a difficult task. For instance, the state-owned companies do not issue stock, therefore cannot be valued based on market capitalization.2 In addition, variations in accounting standards and the lack of transparency with many state-owned firms, make it difficult to estimate the industry's actual revenues and earnings. Estimating the size of the oil and gas industry is much easier when evaluating the publicly owned firms.

Oil and gas company rankings can be found in a number of different sources, which include: Standard & Poor's Industry Survey "Oil & Gas: Production & Marketing" (March 2013):

The Top 10 Oil - 2012

by Production Volume* (million barrels/day)
  1.  1. Saudi Aramco Saudi Arabia - 12.5
  2.  2. Gazprom Russia - 9.7
  3.  3. NIOC Iran - 6.4
  4.  4. ExxonMobil Corp. USA - 5.3
  5.  5. PetroChina China - 4.4
  6.  6. BP UK - 4.1
  7.  7. Royal Dutch/Shell Netherlands/UK - 3.9
  8.  8. Pemex Mexico - 3.6
  9.  9. Chevron Corp. USA - 3.5
  10. 10. KPC Kuwait - 3.2

*Oil plus the energy equivalent in natural gas. (original chart from Forbes)

BERA - Business & Economics Research Advisor - A Quarterly Guide to Business & Economics Topics

Issue 5/6: Winter 2005/Spring 2006
Updated July 2013

The Oil & Gas Industry

Table of Contents

Introduction
History
Cartels & Organizations
Production
Refining
Transportation & Storage
Marketing & Distribution
Natural Gas Industry Trends
Alternative Energy Sources
Company Research
Statistical Sources
News & Analysis
Electronic Resources & Catalog Searches

Drilling Rig Near Sable Island
Image (above): Photograph of
drilling rig near Sable Island.
Courtesy of the Maritimes Region of the Department of Fisheries and Oceans, Canada.

In doing company research, one of the first sources to check for information is the company itself. Company web pages can be a wealth of information. In particular, the Investor Relations and Press Release/News sections. The Investor Relations section is a good source for all of the financial filings made to the government regulatory bodies. While these filings are usually located on the company web pages, this information can be obtained by accessing the filings through the Securities & Exchange Commission (SEC), specifically the SEC's EDGAR Database.

There are several filings to which one should pay particular attention.

The first is the 10K or annual filing. Along with all of the annual financial information, this filing also has sections that can provide information on the company operations and sometimes insight on the industry itself. Item 1 is the Business section, and it contains information on various business lines/segments as well as sometimes information on strategy, marketing, and competition. Item 7 is the Management Discussion & Analysis section and it contains specific notes to various things reported in the 10K. This section is often where more segment information as well as geographical segment information can be found.
The second filing is the 10Q which is a quarterly filing. It is not nearly as in-depth as the 10K and is primarily used to update the financial data.
Third is the Proxy statement which is usually published around the time as the 10K, and contains all of the executive and executive compensation issues.
The last is the Annual Report sent out to shareholders. Some company's annual reports and 10Ks contain roughly the same information but the annual report is presented in ways that people without technical expertise can understand.

There are also many other databases that contain company and industry data. Many of these databases require a subscription and can be quite expensive. Some of the many databases available include: Hoovers, Mergent, Standard & Poor's NetAdvantage, Gale's Business & Company Resource, and Dow Jones Factiva. Local public or university libraries are good places to access these and other resources. These and other resources included in this section, are intended to assist in researching this very complex, fascinating and critically important global industry.

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Print Resources

International Petroleum Encyclopedia. Tulsa, OK: Pennwell Corporation, c2004. 332 p.
LC Call Number: Not available as of March 4, 2006
LC Catalog Record: 2005295063

Johnston, David and Daniel Johnston. Introduction to Oil Company Financial Analysis. Tulsa, Okla. : PennWell Corp., c2006.
LC Call Number: HD9560.5 .J624 2006
LC Catalog Record: 2005032647
Table of Contents
Publisher Description

Oil & Gas Financial Journal. Tulsa, OK: PennWell Corp. Quarterly/Monthly. 2004 - present.
LC Call number: HD9560.1 .O335
LC Catalog Record: 2005214477

Oil & Gas Journal. Tulsa, OK: Petroleum Pub. Co. Monthly. 1910? - present.
LC Call Number: TN860 .O4
LC Catalog Record: ca 12000708

Oil Market Intelligence. New York: Petroleum & Energy Intelligence Weekly, Inc. Monthly. April 1996 - present
LC Call Number: HD9560.1 .O43
LC Catalog Record: 96660637

Petroleum Economist. London: Petroleum Press Bureau. Monthly. January 1974 - present.
LC Call Number: HD9560.1 .P63
LC Catalog Record: 75640192

The Energy Intelligence top 100 : ranking the world’s oil companies Energy Intelligence Research. New York, NY : Energy Intelligence Group. 2003-
LC Call Number: HD9560.1 .R36
LC Catalog Record: 2005205007
Publisher description External Link

Standard & Poor's Industry Surveys. Quarterly/Weekly. January 1973 to present. New York: Standard & Poor's Corp.
LC Call Number: HC106.6 .S74
LC Catalog Record: 77183941

ExxonMobil Corporation. ExxonMobil Collection. 1790-2004; (with most materials dating between the 1880s-1990s.)
Available at the Center for American History, The University of Texas at Austin.
Note: NOT IN THE COLLECTIONS OF THE LIBRARY OF CONGRESS.
Online guide to the collection External Link

Housed at the Center for American History at The University of Texas at Austin, this collection includes: Foundation and governance documents, legal agreements, correspondence and memoranda, publications, financial reports, press releases, speeches, news clippings, histories, advertising and graphics material, posters, ledgers and record books, drawings and blueprints, photographs, moving images, sound recordings, and artifacts and memorabilia that ocument the activities and functions of four major corporate entities - Standard Oil Company, Mobil Corporation, Exxon Corporation and Exxon Mobil Corporation - and their predecessors and subsidiaries.
  • Part 1: Collection overview and Standard Oil Company material
  • Part 2: Mobil Corporation: Series I. Subject Files: Affiliates through Histories
  • Part 3: Mobil Corporation: Series I. Subject Files: Lindbergh, Charles A. through Travel Guides
  • Part 4: Mobil Corporation: Series II. Publications and Series III. Office of the Corporate Secretary Records
  • Part 5: Mobil Corporation: Series IV. Photographs and Series V. Moving Images
  • Part 6: Exxon Corporation: Series I. Subject Files
  • P
  • art 7 : Exxon Corporation: Series II. Publications and Series III. History of Standard Oil Company (New Jersey) Research Files
  • Part 8: Exxon Corporation: Series IV. Photographs and Series V. Moving Images
  • Part 9: Exxon Mobil Corporation: Series II. Publications

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Internet Resources

Bureau of Ocean Energy Management (BOEM)
http://www.data.boem.gov/homepg/data_center/company/company.asp

BOEM is predominantly concerned with OFFSHORE drilling/leases. Their lease data includes Company Information with names, addresses, and company numbers of active or all companies. Lease Owner details lease ownership by percentage and includes the company who is the designated lease operator.

Energy Intelligence
http://www.energyintel.com/ External Link

Public Company Research
http://www.loc.gov/rr/business/company/public.html

U.S. Securities & Exchange Commission. (filings search)
http://www.sec.gov/cgi-bin/srch-edgar

Yahoo! Finance Industry Center.
http://biz.yahoo.com/ic/ind_index.html External Link

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Major Oil and Gas Companies

British Petroleum.
http://www.bp.com/ External Link

Chevron Texaco.
http://www.chevron.com/ External Link

China National Petroleum Co.
http://www.cnpc.com.cn/ External Link (Chinese)
http://www.cnpc.com.cn/en/ External Link (English)

Conoco Phillips.
http://www.conocophillips.com/ External Link

Exxon Mobil.
http://www.exxonmobil.com/corporate/ External Link

ENI SpA.
http://www.eni.it/ External Link

Marathon Oil.
http://www.marathonoil.com/ External Link

OAO Gazprom.
http://www.gazprom.ru/ External Link (Russian)
http://www.gazprom.com/ External Link (English)

Pemex.
http://www.pemex.com/ External Link

PetroChina.
http://www.petrochina.com.cn/ptr/ External Link (Chinese)
http://www.petrochina.com.cn/ptr/ External Link  (English)

Petrobras.
http://www.petrobras.com.br/pt/ External Link (Portuguese)
http://www.petrobras.com.br/en/ External Link (English)

Royal Dutch/Shell.
http://www.shell.com/ External Link

Saudi Aramco.
http://www.saudiaramco.com/ External Link

Sinopec Corp.
http://english.sinopec.com/ External Link

Total SA.
http://www.total.co.za/ External Link

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Library of Congress Catalog Searches

Additional works on oil and gas industry company resources in the Library of Congress may be identified by searching the Online Catalog under appropriate Library of Congress subject headings. Choose the topics you wish to search from the following list to link directly to the Catalog and automatically execute a search for the subject selected. Please be aware that during periods of heavy use you may encounter delays in accessing the catalog. Please see the individual sections of this guide for catalog searches relating to those topics. For assistance in locating other subject headings which may relate to this subject, please consult a reference librarian.


 1. Standard & Poor's Industry Surveys. Oil & Gas: Production and Marketing Industry Survey. New York: Standard & Poor's Corp., October 20, 2005. p.10.

 2. Ibid., p.10.

Last Updated: 07/23/2013

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   Issue 5/6, Winter 2005/Spring 2006
  The Library of Congress >> Researchers
  January 30, 2014
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