Most of the world's biggest producers of natural gas are global energy giants with worldwide oil and gas operations spanning the full range of upstream and downstream activities. Together, these companies accounted for about 30% of worldwide natural gas production in 2016, the most recent year for which figures are collectively available. When production is viewed by country, the U.S. is the top producer of natural gas followed by Russia, Iran, Qatar, Canada, and China. Here's a look at the top producers of natural gas, along with some key facts about each company.

Key Takeaways

  • The top 10 natural gas companies produced about 30% of the world's natural gas in 2016.
  • The United States is the top producing country of natural gas in the world.
  • Russia's Gazprom is the world's top publicly-listed natural gas company.
  • Exxon Mobil produced about 9.97 billion cubic feet of natural gas per day in 2018.


Russia's Gazprom (OGZPY) is the world's top publicly-listed natural gas company. As of Dec. 31, 2018, it was responsible for the production of nearly 35.2 billion cubic feet of natural gas each day, about 12% of the total world output on an annualized basis. Gazprom dominates the Russian natural gas industry, accounting for more than two-thirds of all production in the country.

Gazprom also ranks as Russia's third-largest oil producer and its largest owner and operator of gas turbine power plants, which account for approximately 15% of Russia's total installed power-generation capacity. Gazprom is controlled by the Russian government, which holds slightly more than 50% of outstanding shares in the company. As of September 2019, Gazprom had a market capitalization of about $80.56 billion.

Exxon Mobil

Exxon Mobil (XOM) produced 9.97 billion cubic feet of natural gas per day in 2018, a substantial increase in the company's natural gas operations since 2009 when it produced only about 1.2 billion cubic feet of natural gas per day to rank ninth in the U.S alone. Since then, Exxon Mobil has made substantial investments in natural gas, including the acquisition of the largest independent natural gas producer in the U.S. at the time, XTO Energy.

As of September 2019, Exxon Mobil had a market capitalization of $311.96 billion, making it one of the world's biggest oil and gas companies and one of the biggest global companies in any industry.

China National Petroleum

China National Petroleum (CNPC) is China's largest natural gas producer. It reported production of just more than 109.37 million cubic meters of natural gas per year in China as of Dec. 31, 2018. CNPC also has vast oil and petrochemical production and oil and gas marketing operations.

While CNPC is a state-owned enterprise, much of its operations are organized under a publicly-listed subsidiary company, PetroChina Company (PTR). PetroChina shares are listed on the NYSE, the Hong Kong Stock Exchange and the Shanghai Stock Exchange. The company had a market capitalization of about $161.09 billion as of September 2019. CNPC, and through it the Chinese government, maintains a majority stake in the company.

Royal Dutch Shell

Royal Dutch Shell (RDS-A), also known as Shell Global, reported production of more than 9.3 billion cubic feet of natural gas per day in 2014. The company's natural gas operations are spread across the globe. About 34% of production comes from the East and Southeast Asia regions, about 32% from Europe, and about 17% from North America.

In addition to its natural gas operations, Royal Dutch Shell has vast crude oil exploration and production activities, as well as downstream operations including refineries, petrochemical plants, and retail service stations. Royal Dutch Shell is headquartered in the Netherlands and incorporated in the U.K. It had a market capitalization of about $229.46 billion as of September 2019.


London-headquartered BP (BP) is a global energy giant with vast operations spanning the length of the oil and gas supply chain. The company reported natural gas production of about 8.7 billion cubic feet per day in 2018. BP operates major natural gas production sites around the globe, from the Americas to the Middle East to Southeast Asia. It also has substantial worldwide oil exploration and production operations, in addition to petrochemical, lubricant, and retail gasoline businesses. As of September 2019, BP has a market capitalization of approximately $131.42 billion.


Chevron (CVX), an American integrated energy giant, reported daily natural gas production of about 5.86 billion cubic feet per day in 2018—right in line with the company's production levels in recent years. The company operates major natural gas fields across the globe, including sites in Asia, Australia, Africa, Europe, Latin America, and North America.

Chevron also maintains vast upstream oil operations and downstream activities in petrochemicals, lubricants, additives, and gasoline. Chevron had a market capitalization of about $235.63 billion as of September 2019.


Total (TOT), a French oil and gas company, is an integrated oil and gas company with worldwide upstream and downstream operations. It produced approximately 6.99 million cubic feet of natural gas per day in 2018. The company produces about 19% of its natural gas from fields in the Asia-Pacific region. Its operations in Europe, the Middle East, and Russia each account for close to 18% of its total production. The firm has a market capitalization of approximately $135.9 billion, as of September 2019.


Haven't heard of Equinor (EQNR)? Maybe you're familiar with its previous name: Statoil. The majortiy state-owned Norwegian company changed its name from Statoil to Equinor in 2018 after receiving approval from shareholders. The company reported just under 4.2 billion cubic feet of daily natural gas production. Nearly 81% of the company's production in 2014 is attributed to domestic operations in Norway's offshore gas fields.

Shareholders approved the name change of Norway's Statoil to Equinor in 2018.

Statoil has a presence in more than 30 different countries and has ongoing exploration activities in numerous locations around the globe. The government of Norway maintains a controlling interest in Statoil, holding 67% of the company's outstanding shares. As of September 2019, Statoil had a market capitalization of more than $67.77 billion.


ConocoPhillips (COP), an American oil and gas producer, reported just over 2.7 billion cubic feet of natural gas production per day in 2018. This was just under its daily production rate of 3.270 billion cubic feet per day. In addition to its domestic activities, ConocoPhillips has oil and gas production operations in 17 countries.

In contrast to the other companies on this list, ConocoPhillips operates only as an upstream oil and gas exploration and production company. Its downstream operations were spun off to form an independent company, Phillips 66, in 2012. ConocoPhillips has a market capitalization of about $69.86 billion.


Eni SpA (E) is an Italian oil and gas conglomerate with its headquarters in Rome. In 2014, it reported natural gas production of just more than 4.2 billion cubic feet per day—roughly in line with results in recent years. About 41% of Eni's production comes from the company's North African operations. It also has substantial natural gas operations in Sub-Saharan Africa, Europe, Asia, and the Americas. Eni had a market capitalization of nearly $57.4 billion.