Exxon Mobil is one of the companies that remain highly profitable even at the oil price worth about $31 per barrel. The corporation is considered one of the world's leading oil and gas producers. It was formed in 1999 as a result of the merger of the largest American oil companies - Exxon and Mobil. In 2017, Darren Woods replaced Rex Tillerson as the leader of America’s most influential energy giant. In February 2019, Exxon Mobil's market capitalization came in at $330 billion. The company's main oil reserves are located in Asia and the United States, while its natural gas reserves are situated in Australia, Europe, and several Asian countries.
Chevron became the second of the leading American corporations which were almost unaffected by a plunge in the oil market. The company has the main oil fields in the US (29%). Chevron’s oil reserves are also located in Australia (20%) and Kazakhstan (18%). It owns 50% of the shares of one of the leading American petrochemical companies – Chevron Phillips Chemical Company. Chevron has 28 factories and 2 research centers.
Occidental Petroleum (OXY) - Permian Basin
Founded back in 1920, Occidental Petroleum is the third US shale company that remains resilient to sharp fluctuations in oil prices. Armand Hammer was the president and CEO of the company for a long time (until 1990). In 2006, he was replaced by Ray Irani who became Chairman of the Board of Directors and Chief Executive of OXY. The company is considered the largest oil producer in Texas and California. OXY is engaged in oil and blue fuel extraction as well as taking interest in the chemical industry.
Experts rank Crownquest Operating the fourth on the list of companies that did not bend under the crash in the oil market. Established in 1996, the company produces oil and gas in the United States, primarily in the Permian Basin. Analysts believe that the operating profit of Crownquest Operating will remain high even after the fall in oil prices to $31 per barrel.
Occidental Petroleum (Denver Basin)
Occidental Petroleum Corporation, an oil and gas producer, closes the top 5 high-yield US oil companies. The company’s business is concentrated in the Permian Basin. It also has production facilities in the Middle East, North Africa, and South America. Occidental Petroleum covers exploration of liquefied gas. It is also involved in petrochemical development.