Exxon Mobil Corp. (XOM) is the largest and most profitable oil and gas company in the U.S., and one of the largest companies in the world. As of July 2, 2020, the company had a market capitalization of more than $186 billion, and more than 28 million shares traded in average daily volume.
Exxon Mobil is a major integrated energy company with many energy commodity interests, including electrical power generating operations, but at the core of its business is the exploration, production, and distribution of oil and natural gas. In 2017, Exxon Mobil earned $14.3 billion and had net oil-equivalent production of 4 million barrels per day. XOM paid a dividend yield of 7.89% as of July 2020.
Based in San Ramon, CA, Chevron Corp. is the second-largest U.S. oil company, with a market capitalization of $164.9 billion and an average daily trading volume of more than 5.7 million shares as of July 2020. The company has integrated petroleum, chemicals, mining, and power generation operations.
Chevron had total earnings of $2.9 billion in 2019, and its annual per-share dividend payout rose for the thirtieth consecutive year. The company's average oil-equivalent production was a record of 3.06 million barrels per day. CVX had total dividends and share repurchases of $13 billion in 2019.
ConocoPhillips, based in Houston, TX, has positioned itself as an exploration and production company within the oil and gas sector. The company engages in the worldwide exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas.
As of July 2020, the company's market capitalization was $44.8 billion, and its average daily trading volume was 4.7 million shares. COP paid a dividend yield of 1.68%.
ConocoPhillips earned a total of $36.7 billion in 2019, and it produced over 1,348 barrels of oil equivalent per day. The company also had another 5.3 billion reserves of oil equivalent during the year.
Royal Dutch Shell, PLC
Royal Dutch Shell is another major integrated oil company. However, it's not based in the U.S. Headquartered in the Netherlands and incorporated in London, the company had a market capitalization of more than $124.9 billion as of July 2020, with more than 4.2 million shares traded in average daily volume.
Royal Dutch Shell had net earnings of more than $15.8 billion in 2019 and ended with reserves of 11,096 million barrels of oil equivalent.
Unlike many other oil companies, Shell is actively looking into alternative energy sources. The company has interests in seven wind energy projects in North America and Europe. One project is an offshore wind project in the Netherlands. It anticipates that its future growth will come from its upstream operations, where technological advances will help the company find new liquid and natural gas reserves. The company also has growth strategies in integrated gas and underwater drilling.