Energy Prices & the Oil Majors

Crude and Natural Gas Benchmarks

Monthly since 2005.
Crude oil, $ per barrelBrentWTI
Henry Hub natural gas, $ per MMBtuSep 2026: $2.95

Thermal Coal Price

Newcastle, monthly since 1970.

Integrated and Large-Producer Oil-Equivalent Output

Thousand barrels of oil equivalent per day

FY 2023FY 2025
ExxonMobil3,7384,736
Chevron3,1203,723
Shell2,7912,800
TotalEnergies2,4832,529
Petrobras2,2312,396
BP2,3132,312
Equinor2,0822,137
Eni1,6551,728
Suncor746860
Imperial Oil413438
01,0002,0003,0004,0005,000

Integrated Major Revenue

ExxonMobil

$324B

Shell

$267B

BP

$189B

Chevron

$184B

TotalEnergies

$182B

Equinor

$106B

Fiscal 2016 to 2025, one scale.

Integrated Major Operating Margin

Fiscal 2025.

Integrated Major Capital Spending

Fiscal 2025.

Integrated Major Free Cash Flow

Fiscal 2025.

LNG Volumes at Cheniere, Shell, and TotalEnergies

Cheniere

Metric
LNG loaded (TBtu)
2023
2,299
2024
2,327
2025
2,424
Note
Sabine Pass plus Corpus Christi. 10-K does not split loaded TBtu by terminal.

Shell

Metric
LNG liquefaction (Mt)
2023
n/a
2024
29
2025
28
Note
Annual Report inputs table. 2023 liquefaction not stated in the same inputs box.

TotalEnergies

Metric
LNG sales (Mt)
2023
44.3
2024
39.8
2025
43.9
Note
Sales, not equity liquefaction. Equity LNG sales 15.1 Mt in 2025.
CompanyMetric202320242025Note
CheniereLNG loaded (TBtu)2,2992,3272,424Sabine Pass plus Corpus Christi. 10-K does not split loaded TBtu by terminal.
ShellLNG liquefaction (Mt)n/a2928Annual Report inputs table. 2023 liquefaction not stated in the same inputs box.
TotalEnergiesLNG sales (Mt)44.339.843.9Sales, not equity liquefaction. Equity LNG sales 15.1 Mt in 2025.

US Crude and Product Inventories, Weekly

Crude oil excluding SPRStrategic Petroleum ReserveTotal motor gasolineDistillate fuel oilKerosene-type jet fuel

Crude 415.6M bbl on 2026-10-09

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Oil, Gas & Coal Prices and the Oil Majors (2026) | Sterling