Source: https://openai.com/dall-e-3/
The results for RealRate’s 2024 ranking for the U.S. Petroleum industry are in and are ranked, as ever, by financial strength!
The Top 10 Petroleum companies are as follows:
Source: https://realrate.ai/rankings/
The top 3 Petroleum companies in order are Dorchester Minerals, L.P., Black Stone Minerals, L.P., and Mexco Energy Corp.
They had Economic Capital Ratio figures of 326%, 269%, and 248%, respectively.
The companies did well due to the revenues Revenue from Contract with Customer, Net Income, and Current Liabilities, respectively. These increased the companies’ Economic Capital Ratio scores by 127, 71, and 68 percentage points, respectively.
Dorchester Minerals and Black Stone Minerals both retain their 1st and 2nd spots, respectively, from 2023. Mexco Energy Corp. climbed 3 places from last year into 3rd spot this year. Well done to all!
From a total of 68 Petroleum companies, 17 received our sought after ‘Top-Rated’ award.
Source: https://realrate.ai/rankings/
Source: https://openai.com/dall-e-3/
The next 10 Petroleum companies are as follows:
Source: https://realrate.ai/rankings/
The U.S. petroleum industry generates significant revenue, contributing around $1.7 trillion annually to the economy. This includes oil exploration, production, refining, and distribution.
In 2022, the industry saw record profits, with major companies like ExxonMobil and Chevron reporting combined earnings exceeding $100 billion, driven by rising global energy demand.
In 2023, the U.S. petroleum industry continued to generate substantial revenues despite a decline from 2022’s highs. The total revenue for U.S. oil and gas companies amounted to around $244 billion, significantly lower than the previous year, which had been boosted by the global energy crisis linked to the Ukraine conflict.
Major companies like ExxonMobil and Chevron still reported near-record profits, with Exxon earning $36 billion and Chevron $21.4 billion for the year, thanks to record-breaking U.S. crude oil production of 13.3 million barrels per day.
The impressive thing we do at RealRate is to deliver utterly fair and independent company ratings, bringing together expert knowledge and innovative artificial intelligence in one package.
Our AI model computes the all-important Economic Capital Ratio figure.
Looking at our model in more detail, one can see it is very unbiased and only uses audited public data. We are not part of any petroleum company.
We are fair, explain ourselves very well and we also avoid any all-important conflicts of interest.
