05.07.2009
In the oil sector, there are large oil companies operating known as the majors, independent companies known as IOC and state oil companies known as NOC
The term “majors” on its own is used to denote the large global oil and gas companies. Supermajors is used to denote the largest of them. The majors include ENI, while some of the supermajors include Aramco, NIOC, ExxonMobil, Gazprom, BP, Royal Dutch Shell, Chevron, ConocoPhillips, Total and others.
Smaller companies are referred to as midcaps, juniors, small oilcos.