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Top Energy Stocks by Revenue

Top energy companies ranked by revenue, latest annual filings.

What Revenue Means for Energy Companies

Revenue in energy is largely the product of two variables a company does not fully control: volumes produced or refined, and the commodity prices realized on those barrels, cubic feet, or refined products. That makes the top line unusually volatile compared with most other sectors. Integrated majors, pure-play producers, midstream pipelines, and oilfield services all book revenue differently, and each stream responds to the commodity cycle on its own timing.

Why It Matters in Energy

Revenue reflects both operational scale and commodity exposure, and in strong price environments energy firms generate outsized cash flow that can fund exploration, dividends, and buybacks. Still, revenue moves with prices that firms cannot set, so a boom year often owes more to the cycle than to management skill. Reading revenue alongside production volumes and realized pricing separates genuine operational progress from the tailwind of higher benchmarks.

What to Read Alongside

Pair revenue with [Free Cash Flow](/financials/top-free-cash-flow-stocks/energy/) to gauge cycle resilience net of drilling spend, [Capex](/financials/biggest-capex-stocks/energy/) for reinvestment intensity into reserves, and [Debt](/financials/most-indebted-stocks/energy/) since leverage behavior through the commodity cycle is what defines survival.

Data as of FY 2025 100 companies Rhea AI
# Symbol Company Sector
1 XOM Exxon Mobil Corporation Energy $332.24B $630.20B
2 SHEL Shell plc Energy $266.89B $240.85B
3 TTE TotalEnergies SE Energy $201.20B $200.28B
4 BP BP p.l.c. Energy $192.55B $113.41B
5 CVX Chevron Corporation Energy $189.03B $375.12B
6 MPC Marathon Petroleum Corporation Energy $132.70B $77.96B
7 PSX Phillips 66 Energy $132.38B $73.83B
8 VLO Valero Energy Corporation Energy $122.69B $76.86B
9 EQNR Equinor ASA Energy $106.46B $93.79B
10 PBR Petróleo Brasileiro S.A. - Petrobras Energy $89.19B $116.39B
11 ET Energy Transfer LP Energy $85.54B $67.52B
12 COP ConocoPhillips Energy $58.94B $145.26B
13 EPD Enterprise Products Partners L.P. Energy $52.60B $82.60B
14 PAA Plains All American Pipeline, L.P. Energy $44.26B $16.17B
15 PAGP Plains GP Holdings, L.P. Energy $44.26B $4.91B
16 SLB SLB N.V. Energy $35.71B $86.73B
17 OKE ONEOK, Inc. Energy $33.63B $56.04B
18 PBF PBF Energy Inc. Energy $29.33B $5.06B
19 BKR Baker Hughes Company Energy $27.73B $65.59B
20 DINO HF Sinclair Corporation Energy $26.87B $13.13B
21 SUN Sunoco LP Energy $25.20B $12.67B
22 SUNC SunocoCorp LLC Energy $25.20B $3.48B
23 EOG EOG Resources, Inc. Energy $22.63B $75.04B
24 HAL Halliburton Company Energy $22.18B $34.44B
25 OXY Occidental Petroleum Corporation Energy $21.59B $58.36B
26 LNG Cheniere Energy, Inc. Energy $19.98B $50.52B
27 GLP Global Partners LP Energy $18.56B $1.68B
28 YPF YPF Sociedad Anónima Energy $18.45B $21.63B
29 DVN Devon Energy Corporation Energy $17.19B $53.05B
30 TRGP Targa Resources Corp. Energy $17.03B $57.39B
31 KMI Kinder Morgan, Inc. Energy $16.94B $70.53B
32 FANG Diamondback Energy, Inc. Energy $15.03B $57.09B
33 MPLX MPLX LP Energy $13.00B $57.15B
34 EXE Expand Energy Corporation Energy $12.12B $22.34B
35 TS Tenaris S.A. Energy $11.98B $32.27B
36 WMB The Williams Companies, Inc. Energy $11.95B $88.58B
37 CQP Cheniere Energy Partners, L.P. Energy $10.76B $31.15B
38 DK Delek US Holdings, Inc. Energy $10.72B $2.92B
39 FTI TechnipFMC plc Energy $9.93B $27.51B
40 IEP Icahn Enterprises L.P. Energy $9.66B $5.05B
41 OVV Ovintiv Inc. Energy $8.91B $16.66B
42 NOV NOV Inc. Energy $8.74B $7.70B
43 EQT EQT Corporation Energy $8.64B $34.55B
44 CTRA Coterra Energy Inc. Energy $7.64B $24.72B
45 PARR Par Pacific Holdings, Inc. Energy $7.46B $2.79B
46 CVI CVR Energy, Inc. Energy $7.16B $3.39B
47 AR Antero Resources Corporation Energy $5.28B $11.49B
48 CIVI Civitas Resources, Inc. Energy $5.21B $2.34B
49 PR Permian Resources Corporation Energy $5.07B $16.88B
50 WFRD Weatherford International plc Energy $4.92B $7.46B
51 CHRD Chord Energy Corporation Energy $4.88B $7.89B
52 PTEN Patterson-UTI Energy, Inc. Energy $4.83B $4.66B
53 CNR Core Natural Resources, Inc. Energy $4.16B $4.99B
54 LBRT Liberty Energy Inc. Energy $4.01B $5.15B
55 RIG Transocean Ltd. Energy $3.96B $6.92B
56 BTU Peabody Energy Corporation Energy $3.86B $3.80B
57 WES Western Midstream Partners, LP Energy $3.84B $17.76B
58 HP Helmerich & Payne, Inc. Energy $3.75B $3.96B
59 MTDR Matador Resources Company Energy $3.70B $6.92B
60 CRC California Resources Corporation Energy $3.67B $5.42B
61 CAPL CrossAmerica Partners LP Energy $3.66B $0.83B
62 CRGY Crescent Energy Company Energy $3.58B $4.03B
63 NE Noble Corporation plc Energy $3.29B $7.45B
64 NBR Nabors Industries Ltd. Energy $3.18B $1.50B
65 NGL NGL Energy Partners LP Energy $3.16B $2.00B
66 SM SM Energy Company Energy $3.15B $8.14B
67 RRC Range Resources Corporation Energy $3.12B $9.54B
68 MRC MRC Global Inc. Energy $3.01B $1.17B
69 OII Oceaneering International, Inc. Energy $2.78B $3.97B
70 MUR Murphy Oil Corporation Energy $2.72B $5.73B
71 EFXT Enerflex Ltd. Energy $2.57B $3.22B
72 NOG Northern Oil and Gas, Inc. Energy $2.48B $2.38B
73 VIST Vista Energy, S.A.B. de C.V. Energy $2.47B $8.53B
74 VAL Valaris Limited Energy $2.37B $6.43B
75 NFG National Fuel Gas Company Energy $2.28B $7.35B
76 CNX CNX Resources Corporation Energy $2.24B $4.81B
77 CRK Comstock Resources, Inc. Energy $2.22B $4.06B
78 ARLP Alliance Resource Partners, L.P. Energy $2.19B $3.35B
79 SOBO South Bow Corporation Energy $1.99B $7.81B
80 FRO Frontline plc Energy $1.97B $7.60B
81 VTLE Vital Energy, Inc. Energy $1.95B $0.69B
82 ACDC ProFrac Holding Corp. Energy $1.94B $1.46B
83 DEC Diversified Energy Company Energy $1.83B $1.02B
84 TALO Talos Energy Inc. Energy $1.78B $2.55B
85 KNTK Kinetik Holdings Inc. Energy $1.76B $3.37B
86 CMBT Cmb.Tech NV Energy $1.67B $4.19B
87 GEL Genesis Energy, L.P. Energy $1.63B $1.92B
88 RES RPC, Inc. Energy $1.63B $1.61B
89 HESM Hess Midstream LP Energy $1.62B $5.00B
90 XPRO Expro Group Holdings N.V. Energy $1.61B $1.88B
91 VTOL Bristow Group Inc. Energy $1.49B $1.25B
92 AROC Archrock, Inc. Energy $1.49B $6.09B
93 SDRL Seadrill Limited Energy $1.44B $2.86B
94 GPOR Gulfport Energy Corporation Energy $1.42B $3.07B
95 WTTR Select Water Solutions, Inc. Energy $1.41B $2.39B
96 VNOM Viper Energy, Inc. Energy $1.40B $9.01B
97 TDW Tidewater Inc. Energy $1.35B $3.69B
98 TRMD TORM plc Energy $1.34B $2.88B
99 NESR National Energy Services Reunited Corp. Energy $1.32B $2.55B
100 MGY Magnolia Oil & Gas Corporation Energy $1.31B $5.22B

How this ranking is built

Companies are ranked by revenue as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.

  • Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
  • Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
  • Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
  • Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).

Not financial advice. This is a research tool, not a recommendation.