Top 28 BP Competitors & Alternatives in 2024

The top BP competitors are Royal Dutch Shell, ExxonMobil, Chevron, TotalEnergies, Saudi Aramco, ConocoPhillips and others. BP, also known as British Petroleum, is a global energy company with operations spanning various sectors of the energy industry.

Founded in 1909, BP has evolved into one of the world’s largest integrated oil and gas companies. With its headquarters in London, BP operates in all stages of the oil and gas value chain, from exploration and production to refining and distribution.

BP has a significant presence in both upstream and downstream activities. BP explores and produces oil and natural gas reserves worldwide in the upstream sector. The company has diverse assets across continents, including significant operations in the Gulf of Mexico, the North Sea, and various African and Asian regions. In addition to traditional fossil fuels, BP has been exploring renewable energy sources, investing in wind and solar projects to diversify its energy portfolio.

• Product Type: Petroleum, gasoline, diesel, and other related products.
• Industry: Oil and gas.
• Founded Date: 1909.
• Founders: William Knox D’Arcy.
• Headquarters: London, United Kingdom.
• Area Served: Worldwide.
• Current CEO: Bernard Looney.

The top BP competitors are

1. Royal Dutch Shell

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1907
• Founders: Henri Deterding, Hugo Loudon, and Jean Baptiste August Kessler
• Headquarters: The Hague, Netherlands
• Area Served: Worldwide
• Current CEO: Ben van Beurden

Royal Dutch Shell is a significant competitor of BP. As one of the largest oil companies in the world, Shell operates in all aspects of the oil and gas industry, including exploration, production, refining, and marketing.

The brand is known for its strong global presence and extensive network of filling stations. Shell has a diversified portfolio includes renewable energy sources such as wind, solar, and biofuels. With a focus on innovation and sustainability, Shell aims to provide energy solutions that meet the changing needs of society.

2. ExxonMobil

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1999 (merger of Exxon and Mobil)
• Founders: John D. Rockefeller (Exxon) and Henry M. Flagler (Mobil)
• Headquarters: Irving, Texas, United States
• Area Served: Worldwide
• Current CEO: Darren W. Woods

ExxonMobil is another key competitor of BP. As one of the world’s largest publicly traded oil and gas companies, ExxonMobil has a global presence and operates in various sectors, including exploration, production, refining, and marketing.

The brand is known for its intense research and development capabilities, aiming daily to develop advanced technologies and solutions to meet the growing energy demands. ExxonMobil also invests in alternative energy sources, such as biofuels and carbon capture and storage. With a commitment to safety and environmental responsibility, ExxonMobil strives daily to deliver reliable and efficient energy solutions.

3. Chevron

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1879
• Founders: Leland Stanford, Thomas R. Bard, and Wesley W. Herrmann
• Headquarters: San Ramon, California, United States
• Area Served: Worldwide
• Current CEO: Michael K. Wirth

Chevron is a significant competitor of BP in the oil and gas industry. The brand is known for its global operations and diversified portfolio, which includes the exploration, production, refining, and marketing of petroleum and petrochemical products.

Chevron emphasizes operational excellence, focusing on efficiency, safety, and reliability. The company is also committed to environmental stewardship and sustainable energy solutions. Chevron invests in research and development to find innovative ways to meet the world’s energy needs while minimizing environmental impact.

4. TotalEnergies

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1924
• Founders: Ernest Mercier
• Headquarters: Paris, France
• Area Served: Worldwide
• Current CEO: Patrick Pouyanné

TotalEnergies is a significant player in the energy industry and a competitor of BP. The brand has a global presence and operates across the entire value chain, including exploration, production, refining, and marketing of oil, natural gas, and low-carbon electricity.

TotalEnergies has a diversified portfolio includes investments in renewable energy sources like solar, wind, and biofuels. The company is committed to providing reliable, affordable, sustainable energy solutions while reducing its carbon footprint. TotalEnergies aims to be at the forefront of the energy transition, driving innovation and embracing new technologies.

5. Saudi Aramco

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1933
• Founders: Standard Oil of California (now Chevron) and Texaco (now Chevron)
• Headquarters: Dhahran, Saudi Arabia
• Area Served: Worldwide
• Current CEO: Amin H. Nasser

Saudi Aramco, a state-owned oil company in Saudi Arabia, competes with BP in the global oil and gas market. Aramco is the world’s largest oil producer and exporter, with significant reserves and production capacity. The brand operates in all oil and gas industry aspects, including exploration, production, refining, and marketing.

Saudi Aramco focuses on delivering a reliable and stable supply of energy to its customers while also investing in diversifying its energy portfolio. The company aims to be an industry leader by leveraging technology and implementing sustainable practices.

6. ConocoPhillips

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 2002 (merger of Conoco Inc. and Phillips Petroleum Company)
• Founders: Isaac Elder Blake (Conoco) and Lee Eldas Phillips (Phillips Petroleum)
• Headquarters: Houston, Texas, United States
• Area Served: Worldwide
• Current CEO: Ryan Lance

ConocoPhillips is a multinational energy corporation headquartered in and a competitor of BP. With a strong presence in the upstream sector, ConocoPhillips is involved in oil and natural gas exploration, production, and marketing. The brand operates globally and focuses on operational excellence, efficiency, and safety.

ConocoPhillips also emphasizes environmental stewardship and sustainable practices to minimize its total ecological impact. The company is dedicated to delivering energy responsibly and contributing to the communities where it operates.

7. China Petroleum & Chemical Corporation (Sinopec)

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: February 25, 2000
• Founders: China Petrochemical Corporation (Sinopec Group)
• Headquarters: Beijing, China
• Area Served: Worldwide
• Current CEO: Zhang Yuzhuo

China Petroleum & Chemical Corporation (Sinopec) is one of the largest integrated energy and chemical companies headquartered in China and a significant competitor to BP. Sinopec operates in the exploration, production, refining, and marketing of petroleum and petrochemical products.

With a strong presence in China and an expanding global reach, Sinopec focuses on operational efficiency and technological advancements to meet the growing energy demands. The company also emphasizes sustainability and actively promotes clean and low-carbon energy solutions.

8. PetroChina

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: November 5, 1999
• Founders: China National Petroleum Corporation (CNPC)
• Headquarters: Beijing, China
• Area Served: Worldwide
• Current CEO: Hou Qijun

PetroChina is another key competitor of BP and one of China’s largest oil and gas companies. PetroChina operates in various segments, including exploration, production, refining, and marketing of crude oil and natural gas.

With a significant presence in China and international operations, PetroChina emphasizes operational excellence and strives to maximize production efficiency. The company also invests in technological innovation and sustainability, promoting responsible resource management and the development of clean energy sources.

9. Petróleo Brasileiro S.A. – Petrobras (Petrobras)

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: October 3, 1953
• Founders: Brazilian government
• Headquarters: Rio de Janeiro, Brazil
• Area Served: Worldwide
• Current CEO: Joaquim Silva e Luna

Petróleo Brasileiro S.A. – Petrobras (Petrobras) is a significant competitor of BP and the largest integrated energy company in Brazil. Petrobras operates in various sectors: exploration, production, refining, and marketing.

With a strong domestic presence and international operations, Petrobras focuses on operational efficiency and technological advancements to maximize production and meet energy demands. The company also emphasizes sustainability and has undertaken initiatives to reduce its environmental impact and promote using clean energy sources.

10. Equinor

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: June 14, 1972
• Founders: Norwegian government
• Headquarters: Stavanger, Norway
• Area Served: Worldwide
• Current CEO: Anders Opedal

Equinor, formerly known as Statoil, is a Norwegian multinational energy company and a competitor of BP. Equinor operates in various segments: exploration, production, refining, and marketing. With a focus on developing oil and gas resources, Equinor is known for its technological expertise and commitment to safety and sustainability. The company has also invested in renewable energy sources, such as wind power, to diversify its energy portfolio and support the transition to a low-carbon future.

11. Eni

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: February 10, 1953
• Founders: Italian government
• Headquarters: Rome, Italy
• Area Served: Worldwide
• Current CEO: Claudio Descalzi

Eni is an Italian multinational energy company and a competitor of BP. Eni operates in various sectors, including exploration, production, refining, and oil and gas marketing. With a strong presence in Europe, Africa, and the Middle East, Eni prioritizes operational excellence and technological innovation to optimize production and resource recovery. The company also focuses on sustainability and has significantly invested in renewable energy, such as solar and wind, to reduce carbon emissions and support the energy transition.

12. ADNOC (Abu Dhabi National Oil Company)

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: November 27, 1971
• Founders: Abu Dhabi government
• Headquarters: Abu Dhabi, United Arab Emirates
• Area Served: Worldwide
• Current CEO: Sultan Ahmed Al Jaber

ADNOC (Abu Dhabi National Oil Company) is a state-owned oil company in the United Arab Emirates and a significant competitor of BP. ADNOC operates across the entire value chain, covering petroleum and petrochemical products’ exploration, production, refining, and marketing. With a focus on operational efficiency and resource optimization, ADNOC seeks to maximize the value of its hydrocarbon resources. The company also invests in developing unconventional resources and renewable energy to ensure long-term sustainability and meet growing energy demands.

13. Rosneft

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1993
• Founders: Russian government
• Headquarters: Moscow, Russia
• Area Served: Worldwide
• Current CEO: Igor Sechin

Rosneft is a Russian integrated oil and gas company and a competitor of BP. Rosneft operates in various segments: exploration, production, refining, and marketing. As one of the largest publicly traded oil companies, Rosneft emphasizes operational efficiency and technological advancements to enhance production and resource recovery. The company also prioritizes responsible resource management and invests in breakthrough technologies to reduce environmental impact and increase energy efficiency.

14. Gazprom

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1989
• Founders: Russian government
• Headquarters: Moscow, Russia
• Area Served: Worldwide
• Current CEO: Alexey Miller

Gazprom is a Russian multinational energy company and a competitor of BP. Gazprom primarily focuses on producing, transporting, and marketing natural gas. With a solid domestic and international presence, Gazprom accounts for a significant share of global gas production and reserves. The company prioritizes operational efficiency and reliable supply to meet energy demands. Gazprom also seeks to diversify its energy portfolio and has invested in projects related to renewable energy, such as wind and solar power, to reduce carbon emissions.

15. Lukoil

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1991
• Founders: Vagit Alekperov
• Headquarters: Moscow, Russia
• Area Served: Worldwide
• Current CEO: Vagit Alekperov

Lukoil is a Russian multinational energy corporation and a competitor of BP. Lukoil operates in exploration, production, refining, and marketing as one of the largest vertically integrated oil and gas companies. The brand has a strong presence in Russia and also operates internationally. Lukoil focuses on operational efficiency and technological advancements to maximize production and resource recovery. The company emphasizes sustainability and implements environmentally responsible practices in its operations.

16. Valero Energy

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1980
• Founders: Bill Greehey
• Headquarters: San Antonio, Texas, United States
• Area Served: United States, Canada, United Kingdom, Ireland
• Current CEO: Joe Gorder

Valero Energy is a global energy company and a competitor of BP. Valero operates in petroleum refining and marketing, as well as in the ethanol and renewable diesel sectors. The brand has a strong refining network in North America and a significant market presence. Valero emphasizes operational excellence and efficiency in its refining operations, aiming to produce high-quality fuels and products. The company also invests in renewable energy sources and biofuels to support transitioning to a more sustainable energy future.

17. Phillips 66

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 2012 (spin-off from ConocoPhillips)
• Headquarters: Houston, Texas, United States
• Area Served: United States, Europe, Asia-Pacific
• Current CEO: Greg Garland

Phillips 66 is a diversified energy manufacturing and logistics company and a competitor of BP. The brand operates in various sectors, including refining, marketing, and transporting petroleum and petrochemical products. Phillips 66 has a strong refining and marketing network in the United States and operates internationally. The company focuses on operational excellence and safety, aiming to meet customers’ energy needs efficiently and reliably. Phillips 66 also invests in clean energy technologies and sustainable practices to reduce environmental impact.

18. Marathon Petroleum

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1887
• Founders: Henry M. Ernst, Charles M. Taylor
• Headquarters: Findlay, Ohio, United States
• Area Served: United States
• Current CEO: Michael J. Hennigan

Marathon Petroleum is a leading American petroleum refining, marketing, and transportation company and a competitor of BP. The brand operates in various segments, including refining, marketing, and midstream operations. Marathon Petroleum has a strong refining network in the United States and a significant market presence. The company maximizes operational efficiency and reliability while prioritizing safety and environmental responsibility. Marathon Petroleum invests in technologies to produce cleaner fuels and reduce emissions.

19. Repsol

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1987
• Founders: Spanish government
• Headquarters: Madrid, Spain
• Area Served: Worldwide
• Current CEO: Josu Jon Imaz San Miguel

Repsol is a global energy company based in Spain and a competitor of BP. Repsol operates in various segments, including exploration, production, refining, and marketing. The brand has a strong presence in Europe, Latin America, and Africa. Repsol focuses on technological innovation and digitalization to optimize production and enhance operational efficiency. The company is committed to sustainability and aims to reduce carbon intensity through investments in renewable energy sources and green technologies.

20. CNOOC Limited

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1999
• Founders: Chinese government
• Headquarters: Hong Kong, China
• Area Served: Worldwide
• Current CEO: Xu Keqiang

CNOOC Limited is one of the three major oil companies in China and a competitor of BP. CNOOC operates in the exploration, production, and sales of crude oil and natural gas. The brand has a significant offshore presence in China and also works internationally. CNOOC focuses on safe and efficient offshore exploration and production, leveraging advanced technologies and expertise. The company is committed to sustainable development and responsible resource management, balancing economic growth with environmental protection.

21. Suncor Energy

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1919
• Founders: Sun Company Inc.
• Headquarters: Calgary, Alberta, Canada
• Area Served: Canada, United States, Europe
• Current CEO: Mark Little

Suncor Energy is a Canadian integrated energy company and a competitor of BP. Suncor operates in various segments, including oil sands development, refining, and marketing. The brand has a strong presence in Canada and also works internationally. Suncor focuses on operational excellence and technological innovation to maximize production efficiency and reduce environmental impact. The company is committed to sustainable practices and investments in renewable energy to transition to a low-carbon future.

22. Polski Koncern Naftowy Orlen (PKN Orlen)

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1999
• Founders: Polish government
• Headquarters:  Poland
• Area Served: Europe
• Current CEO: Daniel Obajtek

Polski Koncern Naftowy Orlen (PKN Orlen) is a Polish oil refining and marketing company and a competitor of BP. PKN Orlen operates in the refining, petrochemical, and retail sectors. The brand has a strong market presence in Central and Eastern Europe. PKN Orlen focuses on operational efficiency and quality, producing various fuels and petrochemical products. The company also invests in renewable energy projects and aims to reduce its carbon footprint.

23. Hess

• Product Type: Oil and gas
• Industry: Energy
• Founded Date: 1919
• Founders: Leon Hess
• Headquarters: New York City, New York, United States
• Area Served: United States, Europe, Asia
• Current CEO: John Hess

Hess Corporation is an American independent energy company and a competitor of BP. Hess operates in the exploration, production, and marketing of crude oil and natural gas. The brand has a significant presence in the United States and internationally. Hess focuses on operational excellence and technological advancements to efficiently find and develop oil and gas reserves. The company also invests in renewable energy sources and sustainability initiatives to reduce its environmental impact.

24. EOG Resources

• Product Type: Oil and Gas Exploration and Production
• Industry: Energy
• Founded Date: 1985
• Founders: Mark G. Papa
• Headquarters: Houston, Texas, United States
• Area Served: Worldwide
• Current CEO: William R. “Bill” Thomas
• Market capitalization: $47.8 billion (October 2023)

EOG Resources is one of the largest independent exploration and production companies in the United States and a competitor of BP. EOG Resources specializes in crude oil and natural gas exploration and development. The brand strongly focuses on operational efficiency and advanced drilling techniques to maximize resource recovery. EOG Resources emphasizes environmental stewardship and implements sustainable practices in its operations.

25. Schlumberger

• Product Type: Oilfield Services
• Industry: Energy
• Founded Date: 1926
• Founders: Conrad Schlumberger, Marcel Schlumberger
• Headquarters: Houston, Texas, United States
• Area Served: Worldwide
• Current CEO: Olivier Le Peuch
• Market capitalization: $67.6 billion (October 2023)

Schlumberger is the world’s leading provider of technology and services for the oil and gas industry and a competitor of BP. Schlumberger operates in various segments, including reservoir characterization, drilling, production, and processing. The brand has a global presence and works closely with energy companies to optimize production and operations. Schlumberger focuses on innovation and digitalization to enhance efficiency and reduce costs. The company is committed to environmental responsibilities and sustainability in its operations.

26. ENGIE

• Product Type: Electricity, Natural Gas, and Energy Services
• Industry: Energy
• Founded Date: 2008
• Founders: GDF Suez
• Headquarters: Courbevoie, France
• Area Served: Worldwide
• Current CEO: Catherine MacGregor
• Market capitalization: €39.5 billion (October 2023)

ENGIE is a French multinational electric utility company and a competitor of BP. ENGIE specializes in low-carbon energy solutions and services, including electricity generation, renewable energy, and energy efficiency. The brand has a global presence and is actively involved in transitioning to a sustainable energy future. ENGIE focuses on renewable energy investments and the development of intelligent energy solutions. The company aims to reduce its carbon footprint and promote using renewable energy sources.

27. MOL Group

• Product Type: Oil and Gas Exploration and Production
• Industry: Energy
• Founded Date: 1957
• Founders: Hungarian government
• Headquarters: Budapest, Hungary
• Area Served: Worldwide
• Current CEO: Zsolt Hernádi
• Market capitalization: €8.9 billion (October 2023)

MOL Group is a Hungarian multinational oil and gas company and a competitor of BP. MOL Group operates in various segments: exploration, production, refining, and marketing. The brand has a strong presence in Central and Eastern Europe and works internationally. MOL Group focuses on operational efficiency and technological advancements to maximize production and maintain a competitive edge. The company also invests in clean energy solutions, including renewables and biofuels.

28. SHV Energy

• Product Type: Liquefied Petroleum Gas (LPG)
• Industry: Energy
• Founded Date: 1896
• Founders: Simon van der Meer
• Headquarters: Utrecht, Netherlands
• Area Served: Worldwide
• Current CEO: Bram Gräber

SHV Energy is a Dutch multinational energy company and a competitor of BP. SHV Energy specializes in liquefied petroleum gas (LPG) and other clean energy solutions. The brand has a global presence and operates in various residential, commercial, industrial, and automotive sectors. SHV Energy focuses on delivering low-carbon energy solutions and promoting LPG as a cleaner alternative to traditional fuels. The company aims to contribute to reducing greenhouse gas emissions and create a sustainable energy future.

These were all the competitors of BP. If you know any other competitors, please write in the comments below.

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