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By How Much Does Shell Lead Its Peers in Natural Gas Production?

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Integrated energy firms’ natural gas production

In this part, we’ll compare natural gas exposure of four integrated energy companies–ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP). Of these, in 2Q16, Shell produced the largest quantity of natural gas, standing at ~10.2 billion standard cubic feet per day. Second in line is ExxonMobil with ~9.8 billion standard cubic feet per day of gas production in 2Q16.

Chevron and BP follow with ~5.0 standard cubic feet per day and ~5.7 standard cubic feet per day of gas production, respectively.

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Production mix

Shell’s natural gas production stood at 50% of its total hydrocarbon production in 2Q16. This is due to its acquisition of the BG Group, which has a large natural gas portfolio. Chevron has the least exposure to natural gas, standing at 33% of its total production in 2Q16.

ExxonMobil and BP had total gas production of 41% and 47%, respectively. The Vanguard Energy ETF (VDE) has an ~39% exposure to integrated energy sector stocks.

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