Benchmarking the Middle East NOCs against the Supermajors

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ADNOC, QatarEnergy and Saudi Aramco are still in the business of growing oil and gas capacity. But all three are also moving beyond their domestic oil and gas base to expand and diversify their businesses. These Middle East NOCs are growing internationally in areas spanning exploration, LNG, downstream, CCUS, hydrogen and even renewables.They are now talking – and acting – like IOCs. But how do they compare against the biggest of them all, the Supermajors? Read on for detailed analysis on how ADNOC, QatarEnergy and Saudi Aramco stack up against BP, Chevron, ExxonMobil, Shell and TotalEnergies across multiple metrics and business units.

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