Nigerian State Oil Co.Missing in the List of Global Top Earners

The Nigerian National Petroleum Corporation has failed to make the latest list of the world’s highest income-grossing oil companies, both nationally-run and privately-owned.<br />The latest list of the world’s highest income-grossing oil companies showed that although a number of the 10 highest-earning oil and gas companies in 2021 lost billions in 2020 because of the COVID-19 pandemic and trade war between Russia and Saudi Arabia, big deals and discoveries were still made, further aided by recovering oil prices from the last quarter of last year.<br />The list showed that Sinopec, also known as China Petroleum and Chemical Corporation, earned $323 billion in revenues in 2020, according to a compilation by offshore-technology.com, one of the leading entities covering the global offshore oil and gas industry.