Here are Rigzone readers’ choices for the top employers among operating and service companies in the downstream.
Since Rigzone launched its series of articles based on results of its Ideal Employer Survey last month, comparisons have been based on factors such as ownership and recognition of military service. This ranking within the Ideal Employer Survey series counts down the leading companies that focus on transforming crude oil and natural gas into motor fuels, plastics, cosmetics and myriad other products. In addition to highlighting survey respondents’ impressions of the leading companies that own refineries, petrochemical plants and other downstream facilities, the list also features suppliers of vital downstream technologies as well as design, construction, maintenance and other services.
Below, in reverse order, are the Ideal Employer Survey respondents’ choices for the top 10 companies in the downstream. Sources for company facts and figures include company websites, annual reports and email communications with company representatives.
10. GE Oil & Gas
- Chief executive: Lorenzo Simonelli
- Headquarters: London, UK
- Number of employees: approximately 40,000
- Annual revenues (2015): $16.5 billion
GE, particularly its Oil & Gas unit, provides digital and industrial technologies and services to customers across the full oil and gas value chain. Within downstream and midstream, the company is active in distributed gas, liquefied natural gas (LNG), pipeline and storage and refining and petrochemicals. It operates in more than 120 countries.
9. Technip SA
- Chief executive: Thierry Pilenko
- Headquarters: Paris, France; active in 45 countries
- Number of employees: 31,000
- Annual revenues (2015): EUR 12.2 billion
Technip’s role in the downstream and midstream sectors includes project management, engineering and construction both offshore and onshore. Some of the company’s offshore specialties include subsea pipelines, floating LNG units and offshore LNG transfer systems. Onshore, Technip engages in refining, petrochemical, gas monetization including LNG and gas treatment, pipeline and other projects.
8. John Wood Group PLC
- Chief executive: Robin Watson
- Headquarters: Aberdeen, UK; operates in 50 countries
- Number of employees: approximately 30,000
- Annual revenues (2015): $5.9 billion
Top Downstream & Midstream Employer Attributes
Rigzone’s Ideal Employer Survey revealed that competitive pay is an important attribute of working for a downstream or midstream company but not the most important.
Taking the top spot in a comparison of important attributes to survey respondents is a company’s commitment to health and safety, which garnered a 91-percent level of importance. Four attributes tied for second place in this ranking: competitive salary, challenging/interesting work, positive organizational culture and manages business with integrity. Each earned an 88 percent level of importance.
Wood Group designs, modifies, constructs and operates refineries, petrochemical plants, pipelines and other facilities throughout the oil and gas sector, right across the asset life cycle. Moreover, the company provides clients with a wide range of technologies including its world-leading subsea, automation and integrity solutions.
7. Schlumberger Limited
- Chief executive: Paal Kibsgaard
- Headquarters: principal offices in Paris, Houston, London and The Hague; active in more than 85 countries
- Number of employees: approximately 100,000
- Annual revenues (2015): $35.5 billion
Much of Schlumberger’s product and service offering are geared toward the exploration and production sector, but the company also caters to the needs of downstream and midstream clients. For instance, it offers oil, water, gas and solids processing and separation services as well as pipeline, transmission and storage technologies.
6. Total S.A.
- Chief executive: Patrick Pouyanné
- Headquarters: Paris, France; active in more than 130 countries
- Number of employees (2015): 96,019
- Annual revenues (2015): $165.4 billion
Total is one of the world’s largest publicly traded integrated international oil companies. In addition to its extensive upstream activities, the company engages in refining, petrochemicals and fuel and lubricant marketing. It boasts a global refining throughput of approximately 1.94 million barrels per day, and its operations include six integrated refining and petrochemical complexes in North America, Europe, the Middle East and Asia Pacific. In addition, the company’s downstream portfolio extends to other refining and petrochemical facilities.
5. Halliburton Co.
- Chief executive: David Lesar
- Headquarters: dual headquarters in Houston, Texas (Western Hemisphere) and Dubai, UAE (Eastern Hemisphere); active in approximately 70 countries
- Number of employees: 50,000
- Annual revenues (2015): $23.6 billion
Halliburton is among the largest oil and gas service companies in the world. Although much of its business falls within the scope of the upstream, Halliburton does provide myriad pipeline, process and chemical services and products to midstream and downstream clients.
4. BP plc
- Chief executive: Bob Dudley
- Headquarters: London, UK; active in more than 70 countries
- Number of employees: 80,000
- Annual revenues (2015): $222 billion
BP, one of the world’s leading integrated oil and gas companies, divides its operations between two primary segments: Upstream and Downstream. Midstream transportation, storage and processing activities fall within Upstream. The Downstream segment encompasses BP’s Fuels, Lubricants and Petrochemicals businesses. In 2015, BP manufactured approximately 1.7 million barrels per day of refined products and 14.8 million tonnes per annum of petrochemicals at 28 facilities in North America, Europe, Africa and Asia-Pacific.
3. Chevron Corp.
- Chief executive: John Watson
- Headquarters: San Ramon, California
- Number of employees (2015): 58,178
- Annual revenues (2015): $129.9 billion
Chevron’s business units include Upstream, Downstream and Chemicals, Midstream and Development, Technology and Renewable Energy and Energy Efficiency. The Downstream and Chemicals unit encompasses refining, fuels and lubricants marketing and petrochemicals and additives manufacturing and marketing. In 2015, it processed 1.7 million barrels per day (bpd) of crude and on average sold 2.7 million bpd of refined products. Chevron owns interests in 10 refineries worldwide, with operations primarily in the United States, Singapore, Thailand, South Korea and South Africa. It manufactures petrochemicals via its 50-percent stake in Chevron Phillips Chemical Co. LLC as well as Chevron Oronite Co. LLC. Chevron’s Midstream and Development business operates globally, with hubs in Texas and California in the U.S., the U.K and Singapore.
2. Exxon Mobil Corp.
- Chief executive: Rex Tillerson
- Headquarters: Irving, Texas
- Number of employees: 73,500
- Annual revenues (2015): $268.9 billion
ExxonMobil is the largest publicly traded multinational oil and gas company in the world, and its reach in the downstream is extensive. In 2015, it boasted 4.4 million barrels per day (bpd) of throughput at 23 refineries in 14 countries in North America, Europe, the Mideast and Asia-Pacific. Its ExxonMobil Chemical business maintains manufacturing sites in 16 countries in the above regions as well as South America. ExxonMobil sold nearly 5.8 million bpd of petroleum products and 24.7 million tonnes of chemical products in 2015.
1. Royal Dutch Shell plc
- Chief executive: Ben van Beurden
- Headquarters: The Hague, the Netherlands
- Number of employees (2015): 93,000
- Annual revenues (2015): $265 billion
Shell took the top spot in multiple rankings for Rigzone’s Ideal Employer Survey, and its placement in the “Top 10 Companies in the Downstream” category is no exception. The integrated energy company’s activities fall into four businesses: Upstream, Integrated Gas and New Energies, Downstream and Projects and Technology. The Downstream unit includes Shell’s Refining, Trading and Supply, Pipelines and Marketing and Chemicals activities. Shell’s interests in 23 refineries – located in Europe, Africa, the Americas, the Middle East and Asia-Pacific – represent approximately 3.1 million barrels per day of refining capacity. Shell also engages in chemical manufacturing at 32 sites in the above regions. In 2015, Shell supplied more than 1,000 major customers with more than 17 million tonnes of petrochemicals.
WHAT DO YOU THINK?
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