Oil is one of the world’s most important natural resources, playing a critical role in everything from transportation fuels to cosmetics. For this reason, many governments choose to nationalize their supply of oil. This gives them a greater degree of control over their oil reserves as well as access to additional revenue streams. In practice, nationalization often involves the creation of a national oil company to oversee the country’s energy operations. What are the world’s largest and most influential state-owned oil companies? State-Owned Oil Companies by Revenue National oil companies are a major force in the ... (full story)