BP Plc, Vedanta Resources Ltd, Tullow Oil Plc, EnQuest Plc, and Centrica Plc are the top 5 companies in the UK in 2021 by reserves. Collectively, the top 10 UK-based companies had reserves of 19,190 MMboe where BP Plc was the highest (17,740 MMboe), followed by Vedanta Resources Ltd (354 MMboe), and Tullow Oil Plc (260 MMboe), while Pharos Energy Plc stood lowest (59 MMboe). They employed a total of 159,849 people in 2021.
The United Kingdom-based Vedanta Resources Ltd (Vedanta), formerly Vedanta Resources Plc, is one of the leading oil and gas companies in the UK in 2021 by reserves. Vedanta is a diversified natural resources company, that explores, extracts, and processes minerals, markets and restores them. It also has businesses in commercial power generation, steel manufacturing and port operations in India, and manufacturing of glass substrates in South Korea and Taiwan. The company operates through eight reportable business segments: Zinc-India, Zinc-International, Oil and Gas, Iron Ore, Copper-India/Australia, Aluminium, Power, and Others. Vedanta has a presence in India, Zambia, Namibia, Ireland, South Africa, Australia, the UAE, Liberia, Japan, South Korea, and Taiwan.
The UK-based EnQuest Plc (EnQuest) is another leading oil and gas company in the UK in 2021 by reserves. The company reported revenues of $1,265.8 million for the fiscal year ended December 2021 (FY2021), a growth of 46.5% over the previous year. EnQuest operates the Ninian Pipeline System, which transports crude oil to Sullom Voe Oil Terminal (SVT), and the Northern Leg Gas Pipeline for transportation of natural gas into the UK National Transmission System. The company has offices in Malaysia and the UAE. EnQuest is headquartered in London, Greater London, the UK.
Josh Hutcherson is an accomplished economical writer and the editor of a leading investment blog, where he shares insightful analyses and strategies to help readers navigate the financial landscape. With a background in economics and a passion for demystifying complex investment concepts, Josh has built a reputation for delivering clear, concise, and actionable content. His writing not only educates but also empowers individuals to make informed decisions about their financial futures. Through his engaging style and expert insights, Josh has cultivated a dedicated following of readers who appreciate his ability to simplify the intricacies of investing and personal finance. When he’s not writing, Josh enjoys exploring emerging market trends and engaging with the investment community to stay ahead in the ever-evolving world of finance.
