Who controls the world’s oil supplies?

An Exxon Mobil Corp...Image by Getty Images via Daylife

Oil and Gas Reserves by Company – Country:

1. Saudi Aramco –  Saudi Arabia (more than 300 billion barrels)
2. National Iranian Oil Company – Iran
3. Qatar Petroleum – Qatar
4. Abu Dhabi National Oil Company – UAE
5. Iraq NOC – Iraq
6. Gazprom – Russia
7. Kuwait Petroleum Corporation – Kuwait
8. Petróleos de Venezuala S.A. – Venezuela
9. Nigerian National Petroleum Corporation – Nigeria
10. National Oil Corporation – Libya
11. Sonatrach – Algeria
12. Rosneft – Russia
13. Petroliam Nasional Berhad (Petronas) – Malaysia
14. Exxon Mobil – USA (about 20 billion barrels)
15. Lukoil – Russia
16. Petróleos Mexicanos – Mexico
17. Petrochina – China
18. BP – Britain
19. Chevron – USA
20. Petróleo Brasileiro S.A. – Brazil
21. Roya Dutch Shell – Britain/Netherlands
22. Total S.A. – France
23. ConocoPhilips – USA
24. ENI – Italy
25. Oil and Natural Gas Company – India
26. Sinopec – China

Source:
Oil and Gas Reserves by Country or Company, Data360.org

Ninety five percent of of these companies are state owned while only five percent are private corporations.  With the high oil prices who do you think are raking in more billions in profits?

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