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The oil companies are no stranger to the state of Texas. Many of the world’s largest companies were founded and currently have their headquarters in Texas. Although the economic downturn could reduce profits, the largest production oil companies still regularly bring billions of dollars per year.
With more than 30,000 employees worldwide, ConocoPhillips is the third-largest energy company in the United States. It participates in a series of activities of the oil industry, including exploration, 3-D seismic technology and oil modernization. The company resides as the seventh-largest holder of reserves that are not controlled by the government. The current headquarters are located in Houston, Texas. It is estimated that the company’s assets add up to the US $150 million.
Baker Hughes is another Houston-based company that operates worldwide. It manufactures numerous products and services that make drilling possible. Unlike the companies that carry out the current drilling of oil reserves, Baker Hughes offers equipment that focuses on reducing costs, increasing productivity and reducing risks. It currently has staff and offices in more than 90 countries.
The largest oil and gas company in the world is ExxonMobil. Exxon is derived from the founder of the original Standard Oil, JD Rockefeller. In 1911, the US Supreme Court He ruled the Standard Oil division into 34 different companies, one of which was Vacuum Oil, and which later became ExxonMobil. ExxonMobil performs oil and gas exploration, refining, marketing and manufacturing. ExxonMobil is valued at more than US $ 300 billion and is present on five continents.
Another giant, Shell, has more than 100,000 employees worldwide and operates in more than 100 countries. As of 2010, the company has approximately 2% of the world’s oil, as well as 3% of the world’s gas, per year. Shell also leads the oil companies in its research and development sector, spending more than the US $1 billion. Shell is derived from a transport company that was founded by Marcus Samuel in the second half of the 19th century. Shell is headquartered in Houston, Texas and had an estimated income of US $ 458.4 billion in 2008, as well as a profit of US $ 26.5 billion.