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.
Equinor
Integrated · Norway
Equinor ASA is Norway's state-controlled energy company, operator of Johan Sverdrup, Troll, and Oseberg fields on the Norwegian Continental Shelf. International growth includes US offshore wind, Brazil pre-salt, and UK Rosebank development. FY2024 revenue approximated $85 billion with adjusted operating income near $22 billion. Norwegian Continental Shelf production provides low-carbon intensity barrels with industry-leading CO2 per boe metrics. Offshore wind portfolio exceeds 6 GW in operation...
ExxonMobil
Integrated · United States
ExxonMobil Corporation is the largest Western integrated oil major by market capitalisation, with upstream leadership in Guyana, the Permian Basin, and LNG portfolios in Qatar and Mozambique. Downstream and chemical segments provide margin diversification through 4.5 mbpd refining capacity globally. FY2024 revenue approximated $345 billion with net income near $34 billion, driven by Guyana production exceeding 600 kbpd gross and Permian volumes above 1.4 mbpd. Capital discipline under the corpo...
GAIL
Lng · India
GAIL (India) Limited is the country's largest gas transmission and marketing company, operating 15,000 km of gas pipelines, 70% of domestic gas transmission, and LNG import at Dabhol and Kochi terminals. Petrochemical and LPG production provide diversification. FY2024 revenue approximated $12 billion with net income near $1.2 billion. US LNG Henry Hub-linked contracts provide competitive gas supply. Urja Ganga pipeline project connects Eastern India to the national gas grid. Strategic role in...
Galp
Integrated · Portugal
Galp Energia SGPS is Portugal's integrated energy company with upstream operations in Brazil pre-salt (Mero, Bacalhau), Angola, and Namibia, plus Iberian refining and 1,400+ retail stations. Brazil accounts for 80%+ of upstream production. FY2024 revenue approximated $22 billion with net income near $1.2 billion. Mero field ramp-up and Bacalhau FPSO startup are key production catalysts. Sines refinery is Portugal's sole refining asset. Renewable power portfolio targets 4 GW by 2025. Hydrogen a...
Gazprom
Integrated · Russia
PJSC Gazprom is Russia's state-controlled gas monopoly and the world's largest natural gas producer, operating the Unified Gas Supply System spanning West Siberia, Yamal, and Far East production centres. The company supplies approximately 40% of European gas historically and is pivoting export volumes toward China via Power of Siberia. FY2023 revenue approximated $95 billion with net income near $12 billion, declining from peak years due to European pipeline export curtailment post-2022. Capita...
Gazprom Neft
Integrated · Russia
Gazprom Neft is the oil subsidiary of Gazprom, operating upstream production of approximately 1 mbpd and three major refineries including the Omsk complex (one of Europe's largest). The company leads Russian digital oilfield adoption and Arctic shelf exploration. FY2023 revenue approximated $45 billion with net income near $5 billion. Strong refining margins and premium fuel retail via Gazpromneft stations support integrated returns. Badra field in Iraq provides international production. Techn...
Glencore
Downstream · Switzerland
Glencore plc is the world's largest commodity trading and mining company, marketing approximately 7 mbpd of oil and oil products alongside leadership in copper, cobalt, zinc, nickel, and coal. The company owns Viterra (agriculture) and significant mining assets including Katanga (DRC copper) and Cerrejón (Colombia coal). FY2024 adjusted EBITDA approximated $24 billion with marketing and industrial divisions contributing equally. Oil trading benefits from global refinery and storage network. Coa...
GS Caltex
Downstream · South Korea
GS Caltex Corporation is a 50/50 joint venture between GS Group and Chevron, operating the 800 kbpd Yeosu refinery — one of Asia's largest — and 2,500+ retail stations. Petrochemical integration via aromatics and lubricants base oils. FY2024 revenue approximated $38 billion with net income near $1.8 billion. Yeosu refinery complexity and coastal location support export-oriented product marketing. Chevron technology access enhances refining operations. Unlisted company with limited public discl...
Gunvor
Downstream · Switzerland
Gunvor Group is a major independent commodity trading house specialising in crude oil, refined products, LNG, and natural gas, trading approximately 5 million barrels daily. The company owns and operates refineries in Antwerp (Gunvor Antwerp) and Rostock, plus global storage terminals. FY2023 revenue approximated $135 billion with net income near $2.3 billion. Antwerp refinery acquisition (ex-Kuwait Petroleum) added 220 kbpd refining capacity. LNG trading expanded with US Gulf Coast and portfol...
Halliburton
Services · United States
Halliburton Company is the world's second-largest oilfield services company, specialising in hydraulic fracturing, cementing, completion tools, and drilling fluids. North American unconventional activity drives 50%+ of revenue with growing international offshore exposure. FY2024 revenue approximated $23 billion with operating income near $3.5 billion. Zeus electric fracturing fleet and iCruise rotary steerable system lead technology differentiation. International revenue grew 15% YoY on Middle...
Hess
Upstream · United States
Hess Corporation is a US E&P company transformed by Guyana Stabroek block success, where it holds a 30% non-operated interest alongside ExxonMobil and CNOOC. Production exceeded 450 kbpd net from Guyana by 2024, with six FPSO developments planned through 2027. FY2024 revenue approximated $12 billion with net income near $4 billion. Bakken shale provides US onshore base production near 180 kbpd. Chevron acquisition completed in 2024 integrates Hess into a larger integrated portfolio. Guyana res...
HPCL
Downstream · India
Hindustan Petroleum Corporation Limited (HPCL) operates two refineries at Mumbai (Vadinar, 9.5 mtpa via subsidiary) and Visakhapatnam (8.3 mtpa), plus 21,000+ retail outlets. ONGC acquired government stake in 2018 creating upstream-downstream integration. FY2024 revenue approximated $50 billion with net income near $2 billion. Rajasthan Refinery project (9 mtpa) under construction with Saudi Aramco partnership. Visakh refinery modernisation improves complexity. Mumbai refinery is among the old...
