2022 IW U.S. 500: Top Oil, Gas and Coal Manufacturers (slideshow)
Jan. 13, 2023
High oil and gas prices in 2021 made the energy industry the dominant performer in 2022's IndustryWeek US 500. Five of the Top 10 performers were energy producers, and that trend will likely repeat when we compile the 2023 list as industry profitability continued to climb last year.
Click through the slideshow to see the Top 10. The accompanying table lists all 43 energy industry process manufacturers that made this year's list, along with the data that earned them a prime spot.
| Rank | Primary Industry | Name | 2021 Revenue (in millions) | 2021 Profit Margin | 2021 Net Income (in millions) | 2021 Revenue Growth |
| 2 | Petroleum & Coal Products | Exxon Mobil Corp. | $278,981 | 8.26% | $23,040 | 55.2% |
| 4 | Petroleum & Coal Products | Chevron Corp. | $155,606 | 10.04% | $15,625 | 64.7% |
| 7 | Petroleum & Coal Products | Marathon Petroleum Corp. | $120,451 | 8.08% | $9,738 | 72.3% |
| 8 | Petroleum & Coal Products | Phillips 66 | $111,476 | 1.18% | $1,317 | 73.8% |
| 9 | Petroleum & Coal Products | Valero Energy Corp. | $108,332 | 0.86% | $930 | 80.2% |
| 31 | Petroleum & Coal Products | ConocoPhillips | $46,660 | 17.31% | $8,079 | 142.8% |
| 37 | Petroleum & Coal Products | Enterprise Products Partners L.P. | $40,807 | 11.36% | $4,638 | 50.0% |
| 54 | Petroleum & Coal Products | PBF Energy Inc. | $27,253 | 0.85% | $231 | 80.3% |
| 57 | Petroleum & Coal Products | Occidental Petroleum Corp. | $25,956 | 8.95% | $2,322 | 45.7% |
| 65 | Petroleum & Coal Products | Baker Hughes Co. | $20,502 | -1.61% | -$330 | -1.0% |
| 71 | Petroleum & Coal Products | EOG Resources Inc. | $19,777 | 23.58% | $4,664 | 99.1% |
| 82 | Petroleum & Coal Products | Pioneer Natural Resources Co. | $17,870 | 11.85% | $2,118 | 154.3% |
| 84 | Petroleum & Coal Products | Cheniere Energy Inc. | $17,531 | -13.36% | -$2,343 | 88.6% |
| 88 | Petroleum & Coal Products | Targa Resources Corp. | $16,950 | 0.42% | $71 | 105.2% |
| 92 | Petroleum & Coal Products | Oneok Inc. | $16,540 | 9.07% | $1,500 | 93.6% |
| 97 | Petroleum & Coal Products | Halliburton Co. | $15,295 | 9.53% | $1,457 | 5.9% |
| 107 | Petroleum & Coal Products | Dominion Energy Inc. | $13,964 | 23.55% | $3,288 | -1.5% |
| 110 | Petroleum & Coal Products | Devon Energy Corp. | $13,117 | 21.60% | $2,833 | 191.3% |
| 121 | Petroleum & Coal Products | Westlake Corp. | $11,778 | 17.11% | $2,015 | 57.0% |
| 125 | Petroleum & Coal Products | DCP Midstream LP | $11,325 | 3.45% | $391 | 84.3% |
| 133 | Petroleum & Coal Products | Delek US Holdings Inc. | $10,648 | -1.91% | -$204 | 45.8% |
| 136 | Petroleum & Coal Products | Ovintiv Inc. | $10,468 | 13.53% | $1,416 | 90.0% |
| 171 | Petroleum & Coal Products | CMS Energy Corp. | $7,329 | 18.46% | $1,353 | 14.2% |
| 173 | Petroleum & Coal Products | Chesapeake Energy Corp. | $7,301 | 86.67% | $6,328 | 58.2% |
| 174 | Petroleum & Coal Products | Hess Corp. | $7,301 | 7.66% | $559 | 60.7% |
| 175 | Petroleum & Coal Products | CVR Energy Inc. | $7,242 | 0.35% | $25 | 84.3% |
| 189 | Petroleum & Coal Products | EQT Corp. | $6,741 | -17.15% | -$1,156 | 158.1% |
| 192 | Petroleum & Coal Products | Southwestern Energy Co. | $6,667 | -0.37% | -$25 | 188.9% |
| 194 | Petroleum & Coal Products | Diamondback Energy Inc. | $6,443 | 33.87% | $2,182 | 141.2% |
| 214 | Petroleum & Coal Products | Marathon Oil Corp. | $5,616 | 16.84% | $946 | 79.9% |
| 225 | Petroleum & Coal Products | Continental Resources Inc. | $5,444 | 30.51% | $1,661 | 126.0% |
| 286 | Petroleum & Coal Products | Southwest Gas Holdings Inc. | $3,681 | 5.46% | $201 | 11.6% |
| 292 | Petroleum & Coal Products | Range Resources Corp. | $3,580 | 11.50% | $412 | 101.0% |
| 310 | Petroleum & Coal Products | Renewable Energy Group Inc. | $3,244 | 6.59% | $214 | 51.8% |
| 319 | Petroleum & Coal Products | Calumet Specialty Products Partners LP | $3,148 | -8.10% | -$255 | 38.8% |
| 330 | Petroleum & Coal Products | Valvoline | $2,981 | 14.09% | $420 | 26.7% |
| 337 | Petroleum & Coal Products | Western Midstream Partners LP | $2,877 | 31.16% | $897 | 3.8% |
| 343 | Petroleum & Coal Products | Murphy Oil Corp. | $2,801 | -2.63% | -$74 | 59.9% |
| 387 | Petroleum & Coal Products | Genesis Energy LP | $2,126 | -7.77% | -$165 | 16.5% |
| 428 | Petroleum & Coal Products | Quaker Chemical Corp. | $1,761 | 6.89% | $121 | 24.2% |
| 432 | Petroleum & Coal Products | National Fuel Gas Co. | $1,743 | 20.86% | $364 | 12.7% |
| 451 | Petroleum & Coal Products | Whiting Petroleum Corp. | $1,534 | 27.90% | $428 | 109.4% |
| 455 | Petroleum & Coal Products | Oasis Petroleum Inc. | $1,503 | 21.26% | $320 | 66.8% |
Data provided by Seeking Alpha and S&P Global.
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