Asian Oil Intelligence Desk
Corporate Intelligence
Auditor-grade due-diligence profiles of national oil companies, international oil companies, and major private energy operators worldwide — prepared with the rigour of a Big Four institutional review.
ADNOC
Integrated · United Arab Emirates
Abu Dhabi National Oil Company (ADNOC) is the UAE's state-owned integrated energy champion, controlling the majority of the emirate's hydrocarbon reserves and operating across upstream, midstream, downstream, and trading. Under its 2030 strategy, ADNOC has accelerated gas self-sufficiency, expanded LNG export capacity, and pursued selective international partnerships. The company reported strong FY2024 financials with revenue exceeding $90 billion across group entities. ADNOC Gas listed on ADX...
Baker Hughes
Services · United States
Baker Hughes Company is a global energy technology company spanning oilfield services, LNG equipment, industrial power, and new energy solutions. Formed from GE Oil & Gas merger with Baker Hughes in 2017, the company leads LNG liquefaction train technology globally. FY2024 revenue approximated $27 billion with adjusted EBITDA near $4.5 billion. OFSE (Oilfield Services & Equipment) and IET (Industrial & Energy Technology) segments provide diversification. LNG equipment backlog exceeds $20 billio...
Bapco Energies
Integrated · Bahrain
Bapco Energies (formerly Bahrain Petroleum Company) operates Bahrain's sole refinery at Sitra with 267 kbpd capacity, processing crude from the Awali field and Saudi Arabia via pipeline. The Bapco Modernization Programme (BMP) completed in 2018 upgraded refining complexity. As a small Gulf NOC, Bapco relies on Saudi crude feedstock via the AB pipeline and focuses on refined product exports to Asia and Africa. The company is expanding into gas exploration and renewable energy under the Bapco Ene...
Basra Oil Company
Upstream · Iraq
Basra Oil Company (BOC) manages Iraq's southern oil fields, responsible for the majority of the country's crude production exceeding 3 mbpd from the Rumaila, West Qurna, and Zubair mega-fields operated in partnership with IOCs including BP, ExxonMobil, Eni, and Lukoil. Iraq is OPEC's second-largest producer. Revenue flows to the federal budget with limited financial transparency at the company level. Infrastructure constraints, water injection requirements, and political instability remain oper...
BP
Integrated · United Kingdom
BP plc is a global integrated energy company repositioning under new CEO strategy toward oil and gas focus after scaling back renewable ambitions. Key assets include US shale (Eagle Ford, Haynesville), Gulf of Mexico deepwater, Azerbaijan ACG, and Trinidad gas. FY2024 revenue approximated $195 billion with net income near $9 billion. Portfolio actions include acquiring full control of Lightsource BP solar JV (divesting stake) and reviewing strategic options. US onshore gas is a growing profit c...
BPCL
Downstream · India
Bharat Petroleum Corporation Limited (BPCL) is a major Indian downstream company operating three refineries (Mumbai, Kochi, Bina) totalling 750 kbpd capacity and 21,000+ retail outlets. Privatisation process paused; government retains majority control. FY2024 revenue approximated $55 billion with net income near $2.5 billion. Kochi refinery Integrated Refinery Expansion Project (IREP) upgraded capacity to 310 kbpd. Petrochemical integration at Kochi supports margin improvement. Gas segment via...
Canadian Natural Resources
Upstream · Canada
Canadian Natural Resources Limited (CNRL) is the largest Canadian oil and gas producer by volume, operating oil sands mining (Horizon, Albian), thermal in-situ, and conventional assets across Western Canada. Total production exceeds 1.3 mbpd BOE with long reserve life exceeding 30 years. FY2024 revenue approximated $28 billion with net income near $6 billion. Industry-leading capital efficiency and low sustaining costs across asset classes. Horizon mine expansion and Kirby thermal growth drive...
Cenovus Energy
Upstream · Canada
Cenovus Energy Inc. is a Canadian oil sands and conventional producer formed from Encana/Husky merger legacy, operating Christina Lake and Foster Creek SAGD assets, Lloydminster heavy oil, and US refining via Toledo and Lima refineries. Oil sands production near 600 kbpd. FY2024 revenue approximated $22 billion with net income near $3.5 billion. Christina Lake is among the lowest-cost SAGD operations globally. Pathways Alliance CCS and Narrows Lake expansion support growth. Integrated model wi...
Cheniere Energy
Lng · United States
Cheniere Energy Inc. is the largest US LNG exporter, operating Sabine Pass (30 mtpa) and Corpus Christi (15 mtpa) liquefaction facilities with expansion trains under construction targeting 60+ mtpa total capacity. The company pioneered US shale gas LNG exports beginning in 2016. FY2024 revenue approximated $18 billion with net income near $5 billion. Long-term SPA contracts with Asian and European buyers provide revenue visibility. Corpus Christi Stage 3 and Sabine Pass Train 6 expansions add c...
Chevron
Integrated · United States
Chevron Corporation is a leading integrated energy company with upstream strength in the Permian Basin, Tengizchevroil in Kazakhstan, and the DJ Basin. The 2024 Hess acquisition added Guyana Stabroek stake and Bakken production. Downstream operates 1.8 mbpd refining capacity. FY2024 revenue approximated $195 billion with net income near $18 billion. Permian production exceeded 1.2 mbpd with industry-leading capital efficiency. Tengiz Future Growth Project remains the largest single upstream inv...
CNOOC
Upstream · China
China National Offshore Oil Corporation (CNOOC) Limited is China's dominant offshore oil and gas producer, operating Bohai Bay, South China Sea, and international assets including Guyana Stabroek stake, Brazil pre-salt, and Nigeria. Production exceeds 1.6 mbpd oil equivalent. FY2024 revenue approximated $55 billion with net income near $15 billion, among the highest margins of global NOCs due to offshore focus. Guyana Stabroek 25% stake is a transformational growth asset. LNG receiving terminal...
ConocoPhillips
Upstream · United States
ConocoPhillips is the largest pure-play independent E&P company globally, with concentrated positions in the Permian Basin, Eagle Ford, Bakken, Alaska North Slope, and LNG via APLNG in Australia. The 2024 Marathon Oil acquisition expanded Permian and Eagle Ford footprint. FY2024 revenue approximated $58 billion with net income near $12 billion. Production exceeded 1.9 mbpd BOE with industry-leading capital efficiency and low sustaining price breakeven below $40/bbl WTI. Returns-focused strateg...
