The World Economic Forum estimates that the oil industry accounts for approximately 3% of global GDP, making it one of the largest industries in the world. In the United States, that number is even higher. While energy production is the most common use of crude oil, its applications are broad. Many products in categories as diverse as plastics, chemicals, clothing and medicine rely on petroleum to deliver value to consumers.
To meet that global demand requires the efforts of many of the world’s largest corporations. The following list – taken from data posted to the CompaniesMarketcap.com website – highlights the 100 largest oil and gas companies in the world, ordered by market capitalization. While #1 on the list, Saudi Aramco, has a market cap approaching $2 trillion (yes, that trillion with a T), even #100 still boasts a multi-billion dollar market cap. Clearly, meeting the world’s energy and manufacturing demands is big business.
Though TechTAC® is only a small player on that global stage, we’re proud to serve the production companies, pump shops, service companies and operators that keep the oil industry moving forward. The company’s patented Slimline® TAC and patent-pending Slimline® QuickSet™ TAC are used in thousands of wells throughout North America and around the world. These anchors stabilize the production string within wells supported by rod pumps, while also allowing formation gas and sediment to flow/fall past the anchor to optimize production and reduce downtime. For more information about TechTAC’s suite of tubing anchor solutions, visit our online catalog or contact the TechTAC team today!
