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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 $631.71B
2 SHEL Shell plc Energy $266.89B $255.86B
3 TTE TotalEnergies SE Energy $214.55B $193.51B
4 BP BP p.l.c. Energy $192.55B $122.64B
5 CVX Chevron Corporation Energy $189.03B $374.78B
6 MPC Marathon Petroleum Corporation Energy $132.70B $66.63B
7 PSX Phillips 66 Energy $132.38B $65.49B
8 VLO Valero Energy Corporation Energy $122.69B $72.27B
9 EQNR Equinor ASA Energy $106.46B $95.37B
10 PBR Petróleo Brasileiro S.A. - Petrobras Energy $89.19B $138.55B
11 ET Energy Transfer LP Energy $85.54B $64.92B
12 UEC Uranium Energy Corp. Energy $66.84B $7.43B
13 COP ConocoPhillips Energy $58.94B $148.18B
14 EPD Enterprise Products Partners L.P. Energy $52.60B $80.70B
15 PAA Plains All American Pipeline, L.P. Energy $44.26B $15.18B
16 PAGP Plains GP Holdings, L.P. Energy $44.26B $4.62B
17 SLB SLB N.V. Energy $35.71B $77.65B
18 OKE ONEOK, Inc. Energy $33.63B $53.68B
19 PBF PBF Energy Inc. Energy $29.33B $5.01B
20 BKR Baker Hughes Company Energy $27.73B $60.10B
21 DINO HF Sinclair Corporation Energy $26.87B $10.84B
22 SUNC SunocoCorp LLC Energy $25.20B $3.16B
23 SUN Sunoco LP Energy $25.20B $12.16B
24 EOG EOG Resources, Inc. Energy $22.63B $71.82B
25 HAL Halliburton Company Energy $22.18B $31.86B
26 OXY Occidental Petroleum Corporation Energy $21.59B $56.40B
27 LNG Cheniere Energy, Inc. Energy $19.98B $55.21B
28 GLP Global Partners LP Energy $18.56B $1.53B
29 YPF YPF Sociedad Anónima Energy $18.45B $16.43B
30 DVN Devon Energy Corporation Energy $17.19B $28.45B
31 TRGP Targa Resources Corp. Energy $17.03B $51.51B
32 KMI Kinder Morgan, Inc. Energy $16.94B $70.73B
33 FANG Diamondback Energy, Inc. Energy $15.03B $52.51B
34 MPLX MPLX LP Energy $13.00B $56.08B
35 EXE Expand Energy Corporation Energy $12.12B $23.41B
36 TS Tenaris S.A. Energy $11.98B $29.68B
37 WMB The Williams Companies, Inc. Energy $11.95B $86.65B
38 CQP Cheniere Energy Partners, L.P. Energy $10.76B $29.65B
39 DK Delek US Holdings, Inc. Energy $10.72B $2.54B
40 FTI TechnipFMC plc Energy $9.93B $29.12B
41 IEP Icahn Enterprises L.P. Energy $9.66B $4.98B
42 OVV Ovintiv Inc. Energy $8.91B $15.79B
43 NOV NOV Inc. Energy $8.74B $6.92B
44 EQT EQT Corporation Energy $8.64B $36.45B
45 CTRA Coterra Energy Inc. Energy $7.64B $24.28B
46 PARR Par Pacific Holdings, Inc. Energy $7.46B $3.15B
47 CVI CVR Energy, Inc. Energy $7.16B $3.30B
48 AR Antero Resources Corporation Energy $5.28B $11.57B
49 CIVI Civitas Resources, Inc. Energy $5.21B $2.34B
50 PR Permian Resources Corporation Energy $5.07B $17.20B
51 WFRD Weatherford International plc Energy $4.92B $7.12B
52 CHRD Chord Energy Corporation Energy $4.88B $7.60B
53 PTEN Patterson-UTI Energy, Inc. Energy $4.83B $3.95B
54 CNR Core Natural Resources, Inc. Energy $4.16B $4.55B
55 LBRT Liberty Energy Inc. Energy $4.01B $4.53B
56 RIG Transocean Ltd. Energy $3.96B $7.03B
57 BTU Peabody Energy Corporation Energy $3.86B $3.28B
58 WES Western Midstream Partners, LP Energy $3.84B $16.08B
59 HP Helmerich & Payne, Inc. Energy $3.75B $3.55B
60 MTDR Matador Resources Company Energy $3.70B $7.32B
61 CRC California Resources Corporation Energy $3.67B $5.93B
62 CAPL CrossAmerica Partners LP Energy $3.66B $0.80B
63 CRGY Crescent Energy Company Energy $3.58B $4.14B
64 NGL NGL Energy Partners LP Energy $3.47B $1.62B
65 NE Noble Corporation plc Energy $3.29B $7.73B
66 NBR Nabors Industries Ltd. Energy $3.18B $1.21B
67 SM SM Energy Company Energy $3.15B $6.73B
68 RRC Range Resources Corporation Energy $3.12B $9.95B
69 MRC MRC Global Inc. Energy $3.01B $1.17B
70 OII Oceaneering International, Inc. Energy $2.78B $3.66B
71 MUR Murphy Oil Corporation Energy $2.72B $5.63B
72 EFXT Enerflex Ltd. Energy $2.57B $2.87B
73 NOG Northern Oil and Gas, Inc. Energy $2.48B $2.73B
74 VAL Valaris Limited Energy $2.37B $6.55B
75 NFG National Fuel Gas Company Energy $2.28B $8.47B
76 CNX CNX Resources Corporation Energy $2.24B $5.65B
77 CRK Comstock Resources, Inc. Energy $2.22B $5.00B
78 ARLP Alliance Resource Partners, L.P. Energy $2.19B $3.29B
79 SOBO South Bow Corporation Energy $1.99B $6.74B
80 FRO Frontline plc Energy $1.97B $7.83B
81 VTLE Vital Energy, Inc. Energy $1.95B $0.69B
82 ACDC ProFrac Holding Corp. Energy $1.94B $1.12B
83 DEC Diversified Energy Company Energy $1.83B $1.11B
84 TALO Talos Energy Inc. Energy $1.78B $2.49B
85 KNTK Kinetik Holdings Inc. Energy $1.76B $3.26B
86 VIST Vista Energy, S.A.B. de C.V. Energy $1.65B $6.99B
87 GEL Genesis Energy, L.P. Energy $1.63B $2.11B
88 RES RPC, Inc. Energy $1.63B $1.60B
89 HESM Hess Midstream LP Energy $1.62B $4.89B
90 XPRO Expro Group Holdings N.V. Energy $1.61B $1.83B
91 VTOL Bristow Group Inc. Energy $1.49B $1.42B
92 AROC Archrock, Inc. Energy $1.49B $6.34B
93 SDRL Seadrill Limited Energy $1.44B $2.95B
94 GPOR Gulfport Energy Corporation Energy $1.42B $3.49B
95 WTTR Select Water Solutions, Inc. Energy $1.41B $1.88B
96 VNOM Viper Energy, Inc. Energy $1.40B $9.18B
97 TDW Tidewater Inc. Energy $1.35B $4.18B
98 TRMD TORM plc Energy $1.34B $3.04B
99 NESR National Energy Services Reunited Corp. Energy $1.32B $2.37B
100 MGY Magnolia Oil & Gas Corporation Energy $1.31B $5.30B

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.