Largest energy companies by revenue

Revenue is total net sales for the fiscal year, taken from each company's own annual filing. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 136 · Fiscal year 2025 · Data as of September 25, 2026

Shell (SHEL) tops the list with $267B in revenue for fiscal 2025, ahead of Totalenergies ($201B) and BP ($193B). The top 10 together report $1.50T in revenue; the gap between #1 and #10 is ×4.53. 136 companies in Energy report revenue, 4.8% of the 2853-filer universe. The last place on the list, Forum Energy Technologies, comes in at $791M.

Revenue
#CompanyRevenueYoY15-year trend
1ShellSHELGB$267B−6.1%
2TotalenergiesTTEFR$201B−6.2%
3BPBPGB$193B−1.1%
4ChevronCVXUS$189B−6.8%
5Marathon PetroleumMPCUS$133B−4.4%
6Phillips 66PSXUS$132B−7.5%
7Valero EnergyVLOUS$123B−5.5%
8EquinorEQNRNO$106B+2.6%
9EniEIT$92.8B−3.4%
10ConocoPhillipsCOPUS$58.9B+7.7%
11EnbridgeENBCA$46.7B+19.5%
12Plains All American PipelinePAAUS$44.3B−9.5%
13Suncor EnergySUCA$37.5B−6.5%
14SLBSLBUS$35.7B−1.6%
15Cenovus EnergyCVECA$35.6B−10.3%
16Imperial OilIMOCA$33.7B−10.5%
17PBF EnergyPBFUS$29.3B−11.4%
18Canadian Natural ResourcesCNQCA$27.7B+6.5%
19Baker HughesBKRUS$27.7B−0.3%
20HF SinclairDINOUS$26.9B−6.0%
21SunocoSUNUS$25.2B+11.1%
22Eog ResourcesEOGUS$22.6B−4.5%
23HalliburtonHALUS$22.2B−3.3%
24Occidental PetroleumOXYUS$21.6B−4.9%
25Ypf Sociedad AnonimaYPFAR$18.4B−4.4%
26Devon EnergyDVNUS$17.2B+7.8%
27Diamondback EnergyFANGUS$15.0B+35.8%
28SasolSSLZA$13.9B−7.1%
29MPLXMPLXUS$13.0B+8.9%
30Woodside EnergyWDSAU$13.0B−1.5%
31Expand EnergyEXEUS$12.1B+186.3%
32Delek USDKUS$10.7B−9.5%
33TechnipfmcFTIGB$9.9B+9.4%
34Icahn EnterprisesIEPUS$9.7B−3.6%
35OvintivOVVUS$8.9B−2.7%
36NovNOVUS$8.7B−1.4%
37EqtEQTUS$8.6B+63.9%
38Par PacificPARRUS$7.5B−6.4%
39CVR EnergyCVIUS$7.2B−5.9%
40Pembina PipelinePBACA$5.6B+3.2%
41Antero ResourcesARUS$5.3B+22.0%
42Permian ResourcesPRUS$5.1B+1.3%
43Weatherford InternationalWFRDUS$4.9B−10.8%
44Chord EnergyCHRDUS$4.9B−7.1%
45Patterson Uti EnergyPTENUS$4.8B−10.3%
46Core Natural ResourcesCNRUS$4.2B+86.2%
47CalumetCLMTUS$4.1B−1.2%
48Liberty EnergyLBRTUS$4.0B−7.2%
49TransoceanRIGCH$4.0B+12.5%
50Peabody EnergyBTUUS$3.9B−8.9%
51Helmerich & PayneHPUS$3.7B+35.9%
52Matador ResourcesMTDRUS$3.7B+5.5%
53California ResourcesCRCUS$3.7B+14.7%
54Crescent EnergyCRGYUS$3.6B+22.1%
55NobleNEUS$3.3B+7.4%
56Nabors IndustriesNBRBM$3.2B+8.7%
57SM EnergySMUS$3.2B+17.2%
58Range ResourcesRRCUS$3.1B+28.9%
59DnowDNOWUS$2.8B+18.8%
60Oceaneering InternationalOIIUS$2.8B+4.6%
61Murphy OilMURUS$2.7B−10.2%
62Northern Oil & GasNOGUS$2.5B+11.2%
63ValarisVALBM$2.4B+0.3%
64CNX ResourcesCNXUS$2.2B+76.8%
65Comstock ResourcesCRKUS$2.2B+77.0%
66Alliance Resource PartnersARLPUS$2.2B−10.4%
67Alpha Metallurgical ResourcesAMRUS$2.1B−28.0%
68South BowSOBOCA$2.0B−6.3%
69Coronado Global ResourcesCODQLAU$1.9B−22.2%
70Profrac HoldingACDCUS$1.9B−11.4%
71Quaker ChemicalKWRUS$1.9B+2.7%
72Diversified EnergyDECUS$1.8B+141.5%
73Talos EnergyTALOUS$1.8B−9.8%
74ValvolineVVVUS$1.7B+5.6%
75Genesis EnergyGELUS$1.6B−1.8%
76RPCRESUS$1.6B+15.0%
77Hess MidstreamHESMUS$1.6B+8.4%
78SeadrillSDRLUS$1.4B+3.8%
79Gulfport EnergyGPORUS$1.4B+48.5%
80Select Water SolutionsWTTRUS$1.4B−3.1%
81Viper EnergyVNOMUS$1.4B+62.0%
82National Energy Services ReunitedNESRUS$1.3B+1.7%
83Precision DrillingPDSCA$1.3B−5.0%
84Magnolia Oil & GasMGYUS$1.3B−0.3%
85Warrior Met CoalHCCUS$1.3B−14.1%
86Hornbeck Offshore ServicesHOSUS$1.3B−4.9%
87Kosmos EnergyKOSUS$1.3B−23.1%
88Propetro HoldingPUMPUS$1.3B−12.1%
89Vermilion EnergyVETCA$1.3B+11.9%
90Mach Natural ResourcesMNRUS$1.2B+21.2%
91BKVBKVUS$1.1B+9.9%
92Atlas Energy SolutionsAESIUS$1.1B+3.7%
93CactusWHDUS$1.1B−4.5%
94Baytex EnergyBTECA$1.1B−10.0%
95Borr DrillingBORRBM$1.0B+1.0%
96Delek Logistics PartnersDKLUS$1.0B+7.7%
97Innovex InternationalINVXUS$978M+48.0%
98North American ConstructionNOACA$919M+8.0%
99Highpeak EnergyHPKUS$863M−22.7%
100Forum Energy TechnologiesFETUS$791M−3.1%

All figures from SEC filings · FY2025 · 100

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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/largest-energy-companies-by-revenue">Largest energy companies by revenue</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>

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{{cite web |title=Largest energy companies by revenue |url=https://companiesranked.com/en/largest-energy-companies-by-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Largest energy companies by revenue. CompaniesRanked. https://companiesranked.com/en/largest-energy-companies-by-revenue

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@misc{companiesranked-en-largest-energy-companies-by-revenue-2026,
  author       = {{CompaniesRanked}},
  title        = {{Largest energy companies by revenue}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/largest-energy-companies-by-revenue}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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