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25. Petronas - 1.4 million barrels per day

Malaysia's state oil giant mades its headquarters in the landmark Petronas Twin Towers, seen in the background of this photo. Petronas has recently expanded abroad, and is in the process of acquiring...

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24. Nigerian National Petroleum - 1.4 million barrels per day

Amid a crackdown on corruption in Nigeria's country's oil industry, President Goodluck Jonathan has recently sacked several executives of NNPC. Critics have also been calling for the head of oil...

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23. Sinopec - 1.6 million barrels per day

Sinopec is China's biggest refiner. This year Sinopec cut a sweeping shale venture with Devon Energy. Chairman Fu Chengyu was also seen at at the NBA Finals as a guest of Oklahoma City Thunder owner,...

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22. Petroleos de Venezuela - 1.9 million barrels per day

Known as Pdvsa, Venezuela's oil company seems to be the personal piggy bank of President Hugo Chavez, who has starved the company of capital to pay for social programs. Output is down 25% since 1998....

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21. ConocoPhillips - 2 million barrels per day

This year ConocoPhillips spun off its refining business as Phillips 66 to focus on upstream operations. It may not have wanted its refineries, but strangely, Delta Air Lines did. This picture is of the...

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20. Statoil - 2.1 million barrels per day

The Norwegian government owns 67% of the shares in Statoil. The company has invested some $20 billion in the U.S., including the $4.7 billion acquisition of Bakken-focused Brigham Exploration in 2011....

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19. Eni - 2.2 million barrels per day

Eni is Italy's oil champion. CEO Paolo Scaroni has in recent years made landmark joint ventures with the likes of Venezuela's Pdvsa and Russia's Rosneft. Here Scaroni shakes the hand of Dhiya Jaafar,...

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18. Lukoil - 2.2 million barrels per day

Lukoil was formed in 1991 by former Soviet deputy oil minister Vagit Alekperov, who still runs the company and owns a 20% stake worth some $13 billion. Though Lukoil is investor-owned, Alekperov is...

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17. Qatar Petroleum - 2.3 million barrels per day

The vast majority of Qatar's production is in the form of natural gas, which gets shipped as LNG around the world. Qatar shares the world's largest natural gas field, which lies under the Persian Gulf,...

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16. Iraqi Oil Ministry - 2.3 million barrels per day

Iraq will likely zoom up the ranks of the world's biggest producers as its giant untapped fields come on line. This photo is of drilling in West Qurna Phase 2, a project operated by Russia's Lukoil to...

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15. Rosneft - 2.6 million barrels per day

Sibling to Gazprom, Rosneft is Russia's state-controlled oil company. Russian President Vladimir Putin is shown here in June attending a signing ceremony of a joint venture between Rosneft and...

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14. Petrobras - 2.6 million barrels per day

Former CEO Sergio Gabrielli passes the baton to new Petrobras boss Maria das Gracas Silva Foster last February. The company is striving to develop massive ultra deep oil fields offshore.(Note: 2012...

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13. Total - 2.7 million barrels per day

After French President Francois Hollande imposed new taxes on oil inventories in July, Total CEO Christophe de Margerie said the move would cost Total nearly $200 million in 2012 and hurt France's...

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12. Sonatrach - 2.7 million barrels per day

Most of the output from Algeria's national energy company is in the form of natural gas, much of which Algeria exports to Europe. This image depicts the In Salah gas project, which strips out carbon...

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11. Abu Dhabi National Oil Co. - 2.9 million barrels per day

Abu Dhabi is the seat of power in the United Arab Emirates. It is currently taking advantage of its strategic position adjacent to the Strait of Hormuz to build a pipeline to Fujairah, alleviating any...

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10. Kuwait Petroleum Corp. - 3.2 million barrels per day

Kuwait's oil company was originally formed in 1934 by what are now Chevron and BP. In 1975 the company was nationalized. Kuwait's fields suffered greatly by fires set by Saddam Hussein's forces in...

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9. Chevron - 3.5 million barrels per day

Chevron bought Atlas Petroleum in 2010 for $4.3 billion to gain acreage in the Marcellus and Utica shales. With gas prices low, some expect a bigger deal to come.(Note: 2012 working interest production...

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8. Pemex - 3.6 million barrels per day

Production from Mexico's biggest field, Cantarell (pictured) has plunged from 2 million bbl per day to roughly 600,000 now. State-owned Pemex is working to replace that shortfall with other fields....

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7. Royal Dutch Shell - 3.9 million barrels per day

Shell is hoping this summer to start drilling for oil in Alaska's Chuckchi Sea. For years since leasing offshore blocks from the federal government Shell has been perfecting its drilling plan and...

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6. BP - 4.1 million barrels per day

Bob Dudley is seeking to turn the giant formerly known as British Petroleum around. Selling assets, settling lawsuits, promising improvements. BP may not maintain its 4.1 million barrels per day for...

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5. PetroChina - 4.4 million barrels per day

The largest of China's three state-controlled oil giants, PetroChina also has the highest market cap of any of the publicly traded giants. The company already produces more oil than ExxonMobil, and...

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4. ExxonMobil - 5.3 million barrels per day

Exxon's $40 billion in annual profits don't seem like a lot when you consider their $400 billion in sales. It takes giant projects to "move the needle" for the Big Unit. That means CEO Rex Tillerson...

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3. National Iranian Oil Co. - 6.4 million barrels per day

Iran has been forced to curtail oil production due to international sanctions, but remains a huge oil and gas producer. To skirt sanctions, Turkey and India have reportedly been paying for Iranian oil...

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2. Gazprom - 9.7 million barrels per day

Russia's Gazprom is the world's largest producer of natural gas. Controlled by the Kremlin, Gazprom's monopoly on gas deliveries to much of Europe provides President Vladimir Putin a prime lever for...

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1. Saudi Aramco - 12.5 million barrels per day

Saudi Aramco is by far the biggest energy company in the world, generating more than $1 billion a day in revenues. This image depicts the Shaybah mega-project, sitting on more than 15 billion barrels...

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Not Just The Usual Suspects

Love em or hate em, oil and natural gas companies keep the world running, and will for many years to come. The following 2012 ranking of the world's biggest is based on the combined volumes of oil and...

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