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Random information on the term “OIL”:
Big Oil is a name used to describe the world’s six or seven largest publicly traded oil and gas companies, also known as supermajors. The term emphasizes their economic power and influence on politics, particularly in the United States. Big oil is often associated with the fossil fuels lobby and also used to refer to the industry as a whole in a pejorative or derogatory manner.
The supermajors are considered to be BP, Chevron Corporation, ExxonMobil, Royal Dutch Shell, Total and Eni, with ConocoPhillips also sometimes described in the past as forming part of the group.
The term, analogous to others, such as Big Steel, that describe industries dominated by a few giant corporations, was popularized in print from the late 1960s. Today it is often used to refer specifically to the seven supermajors. The use of the term in the popular media often excludes the national producers and OPEC oil companies who have a much greater role in setting prices than the supermajors. Two state-owned Chinese oil companies, CNPC and Sinopec, had greater revenues in 2018 than all of the supermajors.