Due to increasing oil prices, energy corporations in the US have witnessed a rise in revenue. The price of a barrel of oil topped $100 for the first time since 2014. Future energy corporations will need to adapt to the green energy revolution. In 2022, there will be an estimated $300 billion invested globally in renewable energy. There is potential for much more revenue development for energy companies that take market share in those markets. Huge potential is presented by the expanding solar business and the rising use of hydrogen as a fuel.
Insider Monkey highlights the list of 15 biggest energy companies in the US. The American multinational firm Halliburton Company provides products and services for the energy industry. The business’s annual revenue for 2021 was $15.29 billion, up 5.88% from the year before. A company that deals in liquefied natural gas is Cheniere Energy, Inc. The business is the biggest in the US and the second-largest LNG producer in the world. In 2021, annual revenue is projected to be $15.86 billion. Natural gas is a product that ONEOK, Inc. distributes in the US. The holdings are worth a total of $243.05 million. One of the largest North American providers of energy infrastructure is Kinder Morgan, Inc. Owning and operating oil and gas infrastructure and pipelines is the company’s area of expertise. In 2021, it recorded $16.61 billion in annual revenue, a 41.97% rise from the year before. A company that develops midstream energy infrastructure is called Targa Resources Corp. Sales for the company totaled $16.95 billion in 2021, placing it 11th on our list of the largest energy corporations. In a $3.5 billion transaction, the business finalized the acquisition of Lucid Energy Delaware. American hydrocarbon exploration business EOG Resources, Inc. generated $18.64 billion in revenue in 2021. Analysts anticipate higher sales in 2022 and 2023. At the end of the second quarter of 2022, 43 hedge funds had positive sentiment toward the firm. For more details, click 15 Biggest Energy Companies In The Us.