40 Oil & Gas Journal | Sept. 7, 2015
production increased 31% over last year, driven by 33%
growth in the US. The company’s net income in 2014 was
$2.9 billion, up from $2.2 billion a year ago.
Six of the firms in the top 20 by net income list are
not ranked in the top 20 by assets. These include Kinder
There are five companies qualified for the list
of top 20 earners that did not qualify a year ago.
These are Devon Energy Corp., Pioneer Natural
Resources Co., Newfield, QEP, and Range Re-
Production, reserves leaders
ExxonMobil leads the OGJ150 companies in
worldwide liquids production and reserves, worldwide gas
production and reserves, as well as in US gas production
Following ExxonMobil in worldwide liquids produc-
tion are Chevron, ConocoPhillips, Oxy, and Anadarko. The
worldwide liquids reserves holders in the OGJ150 group
that follow ExxonMobil are Chevron, ConocoPhillips, Oxy,
Marathon Oil Corp., and then EOG.
ConocoPhillips tops the group in US liquids production
and reserves. EOG ranks at No. 3 in both categories with re-
ported US liquids production of 132 million bbl and
US liquids reserves of 1. 6 billion bbl, up from 100
million bbl and 1. 25 billion bbl a year ago.
Following ExxonMobil in US gas production are
Chesapeake, Anadarko, Southwestern, and ConocoPhillips. Second in US gas reserves for 2014 among
the OGJ150 firms is Chesapeake, followed by Southwestern, EQT Corp., ConocoPhillips, and Anadarko.
Top 20 in spending, drilling
Capital and exploratory expenditures in 2014 by the
top 20 totaled $176.23 billion, up from $170.63 billion in
2013 and $169.16 billion in 2012. Expenditures of the top
20 amounted to 77.8% of the OGJ150 total.
Chevron, ExxonMobil, and ConocoPhillips were the
leading three companies in capex spending last year, followed by Apache, Anadarko, Oxy, and EOG.
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