According to the data compiled by the Anadolu news agency, the total revenue of the world's largest oil companies, including large oil companies, Saudi Aramco, Russia's largest oil producers large oilfield service providers, has dropped US $202 million in 2019 to US $1.3 trillion in 2020, a drop of 35.4%, according to media day news.
The agency analyzed the financial statements of 14 larger companies - ExxonMobil, Chevron, ConocoPhillips, Halliburton, Schlumberger, Baker Hughes, shell, BP, total, Eni, equinor, Lukoil, Rosneft Saudi Aramco.
According to the data provided by Anadolu news agency, shell's revenue decreased by 48%, while compared with 2019, BP, Saudi Aramco ExxonMobil's revenue decreased by more than 30% in 2020.
Last year's slump in oil prices demand hit the revenues profits of all oil companies, as both the upstream downstream sectors were affected by a pandemic driven crisis.
For example, ExxonMobil's first annual loss since the merger of ExxonMobil Mobil in 1999 is also the first annual loss in at least 40 years after the global pandemic suppressed oil demand price, resulting in the substantial impairment of domestic natural gas assets.
BP also reported a huge loss of $5.7 billion in 2020 a profit of $10 billion in 2019.
Total reported a net loss of $7.2 billion in 2020, down a profit of $11.27 billion in 2019, said it would change its name to total energy to reflect its shift to renewable energy.
Shell turned a loss into a profit last year, but it dropped 87% compared with 2019.
In 2020, Saudi Aramco's net profit fell 44% year-on-year to $49 billion, but its annual dividend remained at $75 billion.
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Source: International Petroleum Network
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