The Largest Energy Companies by Market Cap in September 2026

Saudi Aramco, ExxonMobil, and Chevron are the biggest companies by market cap in the energy sector

By Lyle Daly – Updated Sep 8, 2026 at 3:34 PM EST | Fact-checked by Frank Bass

Key Points

Saudi Aramco leads as the largest energy firm with a $1.68 trillion market cap in 2026.
ExxonMobil gained a 23.79% five-year return, heading U.S. oil giants.
Chevron employs AI tools to enhance operations in oil production.

Saudi Arabian Oil, also known as Saudi Aramco, is the largest energy company in the world, followed by ExxonMobil (XOM +0.46%) and Chevron (CVX +0.61%). There's a substantial gap between Saudi Aramco, which is the only energy company worth more than $1 trillion, and the rest of the field. Read on to see the 10 most valuable companies as of September 2026.

Editor's note: Rankings and financial metrics are as of Sept. 4, 2026; live quote cards update automatically and are the most current data available.

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Two engineers work in an oilfield. — Image source: Getty Images.

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Largest companies by market cap in the energy sector

(Some companies that are not listed on major exchanges don't have a market cap displayed in the following table.)

Ticker Information Table
Name and ticker	Market capMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.	Current price	Industry
Saudi Arabian Oil (SASE:2222)	$0.0 thousand	SAR 26.14	Oil, Gas and Consumable Fuels
ExxonMobil (NYSE:XOM)	$682.5 billion	$165.99	Oil, Gas and Consumable Fuels
Chevron (NYSE:CVX)	$422.9 billion	$214.06	Oil, Gas and Consumable Fuels
Shell Plc (NYSE:SHEL)	$277.2 billion	$96.77	Oil, Gas and Consumable Fuels
PetroChina (OTC:PCCYF)	$224.2 billion	$1.23	Oil, Gas and Consumable Fuels
TotalEnergies (NYSE:TTE)	N/A	N/A	Oil, Gas and Consumable Fuels
Cnooc (OTC:CEO)	N/A	N/A	Oil, Gas and Consumable Fuels
ConocoPhillips (NYSE:COP)	$165.0 billion	$137.35	Oil, Gas and Consumable Fuels
China Shenhua Energy (OTC:CUAEF)	$125.6 billion	$6.17	Oil, Gas and Consumable Fuels
BP (NYSE:BP)	$118.7 billion	$46.10	Oil, Gas and Consumable Fuels

Data as of Sep 13, 2026. Showing 10 of 10 total entries.

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1. Saudi Aramco

SASE: 2222

Saudi Arabian Oil

Today's Change

(0.38%) $0.10

Current Price

$26.14

Key Data Points

Day's Range

$26.02 - $26.18

52wk Range

$23.08 - $27.96

Volume

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Market cap: $1.68 trillion* (as of Sept. 4)
Revenue (TTM): $485.0 billion*
Gross profit (TTM): $249.5 billion*
Five-year annualized return: -2.20%
Year founded: 1933

*Converted from Saudi riyals.

Saudi Arabian Oil, also known as Saudi Aramco (SASE:2222), is a state-owned oil company. It's the world's top oil producer, with production totals of 12.9 million barrels of oil equivalent per day in 2025. It also has the second-largest proven crude oil reserves, second only to Venezuela.

2. ExxonMobil

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NYSE: XOM

ExxonMobil

Premium Feature

Moneyball Superscore

70/100

Today's Change

(0.46%) $0.76

Current Price

$165.99

Key Data Points

Market Cap

$683B

Day's Range

$164.08 - $167.09

52wk Range

$110.39 - $176.41

Volume

11.4M

Avg Vol

15.4M

Gross Margin

20.88%

Dividend Yield

2.48%

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Market cap: $655.73 billion (as of Sept. 4)
Revenue (TTM): $361.1 billion
Gross profit (TTM): $74.5 billion
Five-year annualized return: 23.79%
Year founded: 1882 (Standard Oil of New Jersey), 1999 (merger of Exxon and Mobil)

ExxonMobil is the largest U.S. oil company. In 2013, it was the world's largest company. It's involved in crude oil and natural gas production, the sale of petroleum products and petrochemicals, the development of lower-emission energy, and the production of specialty chemical products.

This oil company has a tarnished reputation with the general public. It has used its influence to fight climate change regulations and was responsible for the second-worst oil spill in U.S. history, the 1989 Exxon Valdez disaster off the coast of southern Alaska.

3. Chevron

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NYSE: CVX

Chevron

Premium Feature

Moneyball Superscore

68/100

Today's Change

(0.61%) $1.30

Current Price

$214.06

Key Data Points

Market Cap

$423B

Day's Range

$212.02 - $215.55

52wk Range

$146.49 - $217.40

Volume

6.6M

Avg Vol

8.4M

Gross Margin

18.48%

Dividend Yield

3.29%

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Market cap: $409.19 billion (as of Sept. 4)
Revenue (TTM): $208.7 billion
Gross profit (TTM): $67.5 billion
Five-year annualized return: 16.43%
Year founded: 1882

Chevron is another leading U.S. oil company with both upstream and downstream operations. Upstream operations refer to exploration and production, while downstream operations refer to refining and marketing. Chevron is notable for leveraging technology to improve its operations, including the use of artificial intelligence (AI) tools for fault detection.

Like ExxonMobil, Chevron has received plenty of criticism for climate change denial and oil spills. The U.S. Environmental Protection Agency (EPA) has also fined Chevron on multiple occasions for violating federal laws, including the Clean Air Act.

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4. Shell

NYSE: SHEL

Shell Plc

Premium Feature

Moneyball Superscore

72/100

Today's Change

(0.84%) $0.81

Current Price

$96.77

Key Data Points

Market Cap

$277B

Day's Range

$95.81 - $96.89

52wk Range

$68.63 - $96.99

Volume

5.3M

Avg Vol

6.5M

Gross Margin

18.12%

Dividend Yield

3.12%

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Market cap: $265.91 billion (as of Sept. 4)
Revenue (TTM): $296.6 billion
Gross profit (TTM): $52.3 billion
Five-year annualized return: 18.28%
Year founded: 1907

Shell (SHEL +0.84%) is a British energy company involved in the exploration and production of oil, natural gas, and renewable energy. It operates in more than 70 countries and produced 2.8 million barrels of oil and gas per day in 2025.

5. PetroChina

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OTC: PCCYF

PetroChina

Today's Change

(-0.54%) $-0.01

Current Price

$1.23

Key Data Points

Market Cap

$224B

Day's Range

$1.23 - $1.23

52wk Range

$0.89 - $1.59

Volume

3.8K

Avg Vol

33.9K

Dividend Yield

8.64%

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Market cap: $229.69 billion (as of Sept. 4)
Revenue (TTM): $438.1 billion*
Gross profit (TTM): $106.0 billion*
Five-year annualized return: 22.33%
Year founded: 1999

*Converted from Chinese yuan.

Based in Beijing, the China National Petroleum Corp., known as PetroChina (PCCYF -0.54%), is China's largest oil company. It's also the top oil producer in Asia. In 2025, it produced 948 million barrels of crude oil.

PetroChina has focused on its renewable energy business so far this decade. It has also committed to having renewables account for one-third of its energy portfolio by 2035 and 50% by 2050.

6. TotalEnergies

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NYSE: TTE

TotalEnergies

Today's Change

(0.00%) $0.00

Current Price

$0.00

Key Data Points

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Market cap: $196.02 billion (as of Sept. 4)
Revenue (TTM): $196.4 billion
Gross profit (TTM): $60.2 billion
Five-year annualized return: 14.79%
Year founded: 1924

TotalEnergies (TTE +0.72%) is a French oil and chemicals company involved in liquefied natural gas (LNG) production and trading, electricity production from renewable sources, and the refining and marketing of petroleum products.

Formerly known as Total, the company rebranded to TotalEnergies in 2021 as part of its shift toward renewable energy production.

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7. China National Offshore Oil Corporation

Market cap: $177.46 billion* (as of Sept. 4)
Revenue (TTM): $59.3 billion*
Gross profit (TTM): $40.0 billion*
Five-year annualized return: 26.62%
Year founded: 1982

*Converted from Chinese yuan.

China National Offshore Oil Corporation, or CNOOC, is a state-owned oil company that operates in more than 20 countries, including Indonesia, Iraq, and the United Arab Emirates. It was delisted from the New York Stock Exchange in 2021 due to U.S. sanctions against China.

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8. ConocoPhillips

NYSE: COP

ConocoPhillips

Premium Feature

Moneyball Superscore

78/100

Today's Change

(0.23%) $0.31

Current Price

$137.35

Key Data Points

Market Cap

$165B

Day's Range

$135.53 - $137.66

52wk Range

$85.57 - $138.89

Volume

5.5M

Avg Vol

Gross Margin

27.18%

Dividend Yield

2.45%

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Market cap: $161.29 billion (as of Sept. 4)
Revenue (TTM): $63.4 billion
Gross profit (TTM): $17.5 billion
Five-year annualized return: 19.01%
Year founded: 1875

ConocoPhillips (COP +0.23%) is a Houston, Texas–based company involved in the exploration and production of oil and natural gas. It operates in 15 countries, with about half of its production occurring in the U.S.

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9. China Shenhua Energy

OTC: CUAEF

China Shenhua Energy

Today's Change

(0.00%) $0.00

Current Price

$6.17

Key Data Points

Market Cap

$126B

Day's Range

$6.17 - $6.17

52wk Range

$4.20 - $6.32

Volume

35.1K

Avg Vol

7.5K

Gross Margin

34.71%

Dividend Yield

4.58%

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Market cap: $137.08 billion (as of Sept. 4)
Revenue (TTM): $46.0 billion*
Gross profit (TTM): $16.2 billion*
Five-year annualized return: 24.71%
Year founded: 2004

*Converted from Chinese yuan.

China Shenhua Energy (OTC:CUEAF) is the world's largest state-owned coal mining company. Other business segments include electricity, railways, port handling, and shipping.

China Energy Investment Corporation Limited, a Chinese state-owned company, has control of China Shenhua Energy, with a stake of about 70% in the energy company.

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10. BP

NYSE: BP

Premium Feature

Moneyball Superscore

62/100

Today's Change

(0.04%) $0.02

Current Price

$46.10

Key Data Points

Market Cap

$119B

Day's Range

$45.75 - $46.38

52wk Range

$32.72 - $48.27

Volume

5.6M

Avg Vol

9.1M

Gross Margin

19.55%

Dividend Yield

4.38%

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Market cap: $112.83 billion (as of Sept. 4)
Revenue (TTM): $217.2 billion
Gross profit (TTM): $43.4 billion
Five-year annualized return: 12.07%
Year founded: 1909

BP (BP +0.04%) is a British oil company. It produces oil and natural gas and has operations in 70 countries.

This company has also been involved in some major controversies. In one of the most notable examples, BP was responsible for the Deepwater Horizon oil spill, the worst oil spill in U.S. history.

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Oil still leads energy by market cap, but the mix is changing

The largest energy companies are in the oil and gas industry. Since the Iran war has affected oil prices, many of these companies have been particularly volatile this year.

Although most oil companies are now investing in renewable energy, almost all have had high-profile issues, such as oil spills or climate change denial. If that's not a dealbreaker, these companies tend to be stable businesses, and many oil dividend stocks offer high dividend payouts.

If you want to avoid big oil, the energy sector also offers renewable energy stocks. You won't find them among the top 10 (at least not yet), but they provide a more sustainable way to invest in energy companies.

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The Largest Energy Companies by Market Cap in September 2026

Saudi Aramco, ExxonMobil, and Chevron are the biggest companies by market cap in the energy sector

Key Points

Largest companies by market cap in the energy sector

1. Saudi Aramco

Key Data Points

2. ExxonMobil

Key Data Points

3. Chevron

Key Data Points

4. Shell

Key Data Points

5. PetroChina

Key Data Points

6. TotalEnergies

Key Data Points

7. China National Offshore Oil Corporation

8. ConocoPhillips

Key Data Points

9. China Shenhua Energy

Key Data Points

10. BP

Key Data Points

Oil still leads energy by market cap, but the mix is changing

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Key Data Points

2. ExxonMobil

Key Data Points

3. Chevron

Key Data Points

Key Data Points

5. PetroChina

Key Data Points

6. TotalEnergies

Key Data Points

7. China National Offshore Oil Corporation

Key Data Points

Key Data Points

Key Data Points

Oil still leads energy by market cap, but the mix is changing

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