National oil company

A national oil company (NOC) is a petroleum company that is fully or partly owned by the government of a sovereign nation.[1]: 3 NOCs produce about half the world’s oil and gas.[2][3]

Due to their increasing dominance over global reserves, the importance of NOCs has risen dramatically in recent decades relative to International Oil Companies (IOCs), such as BP, ExxonMobil or Shell plc. NOCs are also increasingly investing outside their national borders.[citation needed]

See also

References

  1. ^ "Opportunity NOCs: How investors can jumpstart energy transitions in national oil companies". The 2035 Initiative at UC Santa Barbara. Retrieved 2024-02-10.
  2. ^ Cahill, Ben; Swanson, Kjersti (2023-12-13). "National Oil Companies, Climate Commitments, and Methane".
  3. ^ "Facing the Future: What National Oil Companies Say About the Energy Transition". Natural Resource Governance Institute. Retrieved 2024-02-10.

External links

  • National Oil Company Database
  • v
  • t
  • e
Petroleum industry
  • Petroleum
  • Primary energy
Benchmarks
Data
Natural gas
Petroleum
ExplorationDrillingProductionHistoryProvinces
and fieldsOther topicsCompanies and
organisations
Major
petroleum
companies
Supermajors
National oil
companies
Energy trading
Others
Major
services
companies
Others
  • Category
  • v
  • t
  • e
Concepts
Basic services
Public utility
Public works
Social services
  • Category
  • Commons


Stub icon

This article related to natural gas, petroleum or the petroleum industry is a stub. You can help Wikipedia by expanding it.

  • v
  • t
  • e