Energy Companies Flashcards
What are PetroChina’s contributions to domestic oil and gas production in China, and what are its renewable energy goals for 2035 and 2050?
PetroChina contributes to 50% of domestic oil and 60% of domestic gas production in China.
In 2022, it announced aims to have renewables make up 1/3 of its portfolio by 2035 and 50% by 2050.
What is notable about the West-East pipeline owned by PetroChina?
PetroChina owns the longest pipeline in the world, the West-East pipeline, which runs for approximately 8,700km.
What aspects characterize Gazprom’s role in the Russian gas pipeline export market?
Gazprom holds a monopoly over the Russian gas pipeline export market and controls 68% of Russian gas exports. It is also significant for its workforce, with almost 470,000 employees
How much of Gazprom is owned by the Russian government, and what percentage of Russia’s GDP does it generate?
50.23% of Gazprom is owned by the Russian government. It generates 5% of Russia’s GDP.
What challenges has the National Iranian Oil Company faced, and what notable resource does it have access to?
The National Iranian Oil Company faces challenges due to sanctions, leading to a 12% decrease in production. However, it has access to the world’s 2nd largest gas reserves.
What are ExxonMobil’s key statistics in terms of its workforce, operations, and estimated profit for 2023?
ExxonMobil, the 3rd largest oil and energy company, has over 62,000 employees and operates in 60 different countries. It estimated a profit of $36 billion for 2023.
What is ExxonMobil’s sustainability goal and investment plan towards achieving it?
ExxonMobil aims to reach net zero by 2050 and plans to invest $15 billion towards this goal by 2027.
What are some key facts about BP, including its founding year, global operations, and revenue?
BP was founded in 1909 and operates in over 80 countries. It reported a revenue of $248 billion in 2023.
