United States Petroleum Ranking 2023

SANTA CLARA, Calif. - Aug. 23, 2023 - PRLog -- RealRate Inc.

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Press Release

U.S. Petroleum Ranking 2023

The new Petroleum industry rating for 2023 has just been released by RealRate.

These are the top three Petroleum companies in the U.S., measured by Economic Capital Ratio:

1. DORCHESTER MINERALS L.P. – 354.75%
2. BLACK STONE MINERALS L.P. – 273.11%
3. ABRAXAS PETROLEUM CORP – 263.12%

The complete rating of 88 companies is published in https://realrate.ai/rankings/

22 companies achieved the 'Top Rated' award.

Dorchester Minerals is quite a new player in the petrochemical industry, having started operations in 2003. They hold onto their 2021 and 2022 first places. It has current total assets of $176 million.

Founded in 1876, Black Stone Minerals, L.P. is based in Houston, Texas, and is an oil and natural gas corporation. It has total assets currently of $1.27 billion.

Headquartered in San Antonio, Texas, Abraxas Petroleum Corporation is an oil & energy company that has been operating since 1977. Currently, it has total assets of $70 million.

CEO Dr. Holger Bartel: "The U.S. produces the most oil of any country, producing 760 million metric tons in 2022. U.S. company ExxonMobil is the largest oil and gas company in the world, with a market capitalization of $366.83 billion. Last year a colossal 92.36 million barrels per day were produced. Superior financial strength is extremely important in the petroleum industry, ensuring a high throughput of oil coupled with the highest quality in all aspects of getting the product from source to its customers."

About RealRate:

RealRate is an international rating agency based in Santa Clara and Berlin, founded in 2021. Using cutting-edge explainable Artificial Intelligence, we provide fair company ratings, avoiding any conflicts of interest. Combining AI and expert knowledge, financial strength is evaluated based on published annual reports. RealRate provides rankings for dozens of industries, like insurance, IT, real estate, food, and pharma. Only the best-rated companies are awarded the RealRate TOP Rated seal.