A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in oil and gas production or mining. However, unlike most corporations, its profits are not taxed at the corporate level provided a certain high percentage of profits are distributed to shareholders as dividends. The dividends are then taxed as personal income. This system, similar to real estate investment trusts, effectively avoids the double taxation of corporate income.
ENEOS Corporation, formerly JXTG Nippon Oil & Energy Corporation, or NOC or Shin-Nisseki (新日石) is a Japanese petroleum company. Its businesses include exploration, importation, and refining of crude oil; the manufacture and sale of petroleum products, including fuels and lubricants; and other energy-related activities. It is the largest oil company in Japan, and in recent years it has been expanding its operations in other countries.
The Philippine National Oil Company (PNOC) is an energy company created on November 9, 1973 as a government-owned and controlled corporation founded during President Ferdinand Marcos' era to supply oil to the Philippines. Since then, its charter has been amended several times to include exploration, exploitation and development of all energy resources in the country.
Hess Corporation is an American global independent energy company involved in the exploration and production of crude oil and natural gas. It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess served as CEO from the early 1960s through 1995, after which his son John B Hess succeeded him as chairman and CEO.
Oil India Limited (OIL) is the second largest Indian-government owned hydrocarbon explorer and producer. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. The Ministry of Petroleum and Natural Gas oversees its operations, with its headquarters in Duliajan, Assam. The government corporation is a Navratna with its offices in Noida, Uttar Pradesh, Guwahati and Jodhpur.
APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 431st on the Fortune 500.
EP Petroecuador is the national oil company of Ecuador. Ecuador who is a member of the Organization of the Petroleum Exporting Countries (OPEC) and, although it is the smallest member, the country produced 531,000 barrels of crude oil per day in 2019. The oil corporation is a significant part of the Ecuadorian economy. The petroleum industry has expanded to the production of refined commodities such as gasoline, liquefied petroleum, and jet fuel. The government of Ecuador is highly dependent on the revenues from the energy sector to support its budget and finance state projects.
The Oil and Natural Gas Corporation (ONGC) is an Indian oil and gas explorer and producer, headquartered in New Delhi. ONGC was founded on 14 August 1956 by the Government of India. It is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. It is the largest government-owned-oil and gas exploration and production corporation in the country, and produces around 70% of India's crude oil and around 84% of its natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.
Lundin Energy is an independent oil and gas exploration and production company formed from Lundin Oil in 2001 and based in Sweden with focus on operations in Norway. It is listed on the Stockholm Stock Exchange.
XTO Energy Inc. is an American energy company, principally operating in North America, specializing in the drilling and production of unconventional oil and natural gas assets, typically from shale rock through a process known as hydraulic fracturing. It is a subsidiary of ExxonMobil.
Obsidian Energy Ltd. is a mid-sized Canadian oil and natural gas production company based in Calgary, Alberta.
The impact of the petroleum industry in China has been increasing globally as China ranks seventh for oil production and second in crude oil consumption in the world.
Dana Petroleum plc is an oil and gas exploration and production company based in Aberdeen, Scotland. Its activities are focused on the North Sea, Africa and The Middle East. It is a subsidiary of the Korea National Oil Corporation and is a former constituent of the FTSE 250 Index.
BP plc is a British oil and gas company headquartered in London, England. It is one of the world's seven oil and gas "supermajors". It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading.
Thomas Myers Hunt was an American petroleum industry executive who was chairman of Hunt Petroleum and an advisor to his uncle H. L. Hunt, the founder of the family dynasty.
Although there are numerous oil companies operating in Canada, as of 2009, the majority of production, refining and marketing was done by fewer than 20 of them. According to the 2013 edition of Forbes Global 2000, canoils.com and any other list that emphasizes market capitalization and revenue when sizing up companies, as of March 31, 2014 these are the largest Canada-based oil and gas companies.
The Ghana National Petroleum Corporation (GNPC) is the state agency responsible for the exploration, licensing, and distribution of petroleum-related activities in Ghana.
Indian Oil Corporation Limited is an Indian government-owned oil and gas explorer and producer, headquartered in New Delhi. It is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 212th on the Fortune Global 500 list of the world's biggest corporations as of 2021. It is the largest government owned oil corporation in the country, with a net profit of $6.1 billion for the financial year 2020-21. As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,775 are women, comprising 8.77% of the total workforce.
The petroleum industry in Syria forms a major part of the economy of Syria. According to the International Monetary Fund, before the Syrian Civil War, oil sales for 2010 were projected to generate $3.2 billion for the Syrian government and accounted for 25.1% of the state's revenue.
Antero Resources Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company's reserves are entirely in the Appalachian Basin and are extracted using hydraulic fracturing.
