CompaniesRanked

2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Largest energy companies by shareholders' equity

Shareholders' equity is what remains after subtracting liabilities from assets — the accounting book value of the company, not its market value. 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 120 · Fiscal year 2025 · Data as of September 25, 2026

Chevron (CVX) tops the list with $186B in shareholders' equity for fiscal 2025, ahead of Shell ($174B) and Totalenergies ($115B). The top 10 together report $809B in shareholders' equity; the gap between #1 and #10 is ×5.17. 120 companies in Energy report shareholders' equity, 4.6% of the 2599-filer universe. The last place on the list, Ramaco Resources, comes in at $484M.

Shareholders' equity
#CompanyShareholders' equityYoY15-year trend
1ChevronCVXUS$186B+22.4%
2ShellSHELGB$174B−2.2%
3TotalenergiesTTEFR$115B−2.5%
4ConocoPhillipsCOPUS$64.5B−0.5%
5EniEIT$56.3B+2.7%
6BPBPGB$53.1B−10.5%
7EnbridgeENBCA$45.5B−0.6%
8EquinorEQNRNO$40.4B−4.5%
9Diamondback EnergyFANGUS$37.0B−2.0%
10Occidental PetroleumOXYUS$36.0B+5.5%
11Woodside EnergyWDSAU$35.9B+1.5%
12Suncor EnergySUCA$33.0B+6.5%
13Canadian Natural ResourcesCNQCA$32.4B+18.1%
14Eog ResourcesEOGUS$29.8B+1.6%
15Phillips 66PSXUS$29.1B+6.1%
16SLBSLBUS$26.1B+23.6%
17EqtEQTUS$23.8B+15.3%
18Valero EnergyVLOUS$23.7B−3.2%
19Cenovus EnergyCVECA$23.1B+11.7%
20Baker HughesBKRUS$18.8B+11.5%
21Expand EnergyEXEUS$18.6B+5.8%
22Marathon PetroleumMPCUS$17.3B−2.4%
23Imperial OilIMOCA$16.3B−0.4%
24Devon EnergyDVNUS$15.5B+7.1%
25Pembina PipelinePBACA$12.2B+0.7%
26OvintivOVVUS$11.2B+8.4%
27Ypf Sociedad AnonimaYPFAR$10.8B−7.2%
28SasolSSLZA$10.6B−33.2%
29HalliburtonHALUS$10.5B−0.4%
30Permian ResourcesPRUS$10.3B+12.5%
31MPLXMPLXUS$9.7B+1,133.0%
32HF SinclairDINOUS$9.2B−1.0%
33TransoceanRIGCH$8.1B−21.2%
34Chord EnergyCHRDUS$8.1B−7.2%
35Antero ResourcesARUS$7.6B+7.5%
36Icahn EnterprisesIEPUS$6.6B+28.5%
37NovNOVUS$6.3B−1.7%
38Matador ResourcesMTDRUS$5.7B+11.2%
39PBF EnergyPBFUS$5.3B−4.1%
40Crescent EnergyCRGYUS$5.2B+64.5%
41Murphy OilMURUS$5.1B−1.5%
42SM EnergySMUS$4.8B+13.5%
43NobleNEUS$4.5B−2.2%
44Viper EnergyVNOMUS$4.4B+163.7%
45CNX ResourcesCNXUS$4.3B+5.8%
46Range ResourcesRRCUS$4.3B+9.7%
47Core Natural ResourcesCNRUS$3.7B+134.5%
48California ResourcesCRCUS$3.7B+3.8%
49Peabody EnergyBTUUS$3.5B−3.1%
50TechnipfmcFTIGB$3.4B+8.7%
51Patterson Uti EnergyPTENUS$3.2B−7.1%
52ValarisVALBM$3.2B+41.6%
53SeadrillSDRLUS$2.9B−2.1%
54South BowSOBOCA$2.7B+3.8%
55Helmerich & PayneHPUS$2.7B−8.3%
56Comstock ResourcesCRKUS$2.6B+18.1%
57DnowDNOWUS$2.2B+98.7%
58Talos EnergyTALOUS$2.2B−21.4%
59Warrior Met CoalHCCUS$2.1B+2.4%
60Northern Oil & GasNOGUS$2.1B−8.4%
61Liberty EnergyLBRTUS$2.1B+5.1%
62Magnolia Oil & GasMGYUS$2.0B+1.6%
63BKVBKVUS$2.0B+32.3%
64Gulfport EnergyGPORUS$1.8B+7.2%
65Baytex EnergyBTECA$1.7B−39.8%
66Weatherford InternationalWFRDUS$1.7B+32.2%
67Vermilion EnergyVETCA$1.6B−16.9%
68Highpeak EnergyHPKUS$1.6B−0.5%
69Hornbeck Offshore ServicesHOSUS$1.6B+4.0%
70Alpha Metallurgical ResourcesAMRUS$1.5B−6.3%
71Par PacificPARRUS$1.5B+26.9%
72Quaker ChemicalKWRUS$1.4B+1.4%
73CactusWHDUS$1.2B+14.5%
74Borr DrillingBORRBM$1.2B+23.1%
75Atlas Energy SolutionsAESIUS$1.2B+16.6%
76Precision DrillingPDSCA$1.2B−0.8%
77RPCRESUS$1.1B+1.9%
78Oceaneering InternationalOIIUS$1.1B+49.9%
79Innovex InternationalINVXUS$1.1B+10.4%
80Obsidian EnergyOBECA$1.0B+4.0%
81Diversified EnergyDECUS$984M+146.0%
82National Energy Services ReunitedNESRUS$968M+6.6%
83Greenfire ResourcesGFRCA$852M+49.3%
84Ring EnergyREIUS$842M−2.6%
85Propetro HoldingPUMPUS$830M+1.7%
86Select Water SolutionsWTTRUS$806M+1.5%
87CVR EnergyCVIUS$730M+3.8%
88Profrac HoldingACDCUS$718M−28.7%
89Coronado Global ResourcesCODQLAU$650M−39.4%
90Riley Exploration PermianREPXUS$634M+24.2%
91Vitesse EnergyVTSUS$629M+25.8%
92Granite Ridge ResourcesGRNTUS$606M−4.7%
93Waterbridge InfrastructureWBIUS$602M+$602M
94Nabors IndustriesNBRBM$591M+337.6%
95Oil States InternationalOISUS$573M−15.8%
96Solaris Energy InfrastructureSEIUS$564M+58.7%
97Delek USDKUS$547M−4.9%
98Kosmos EnergyKOSUS$529M−56.0%
99Sandridge EnergySDUS$511M+10.9%
100Ramaco ResourcesMETCUS$484M+33.3%

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-shareholders-equity">Largest energy companies by shareholders' equity</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>

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

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

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

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