ENERGY
Oil & Gas: Vertically Integrated
World’s Most Productive Companies
Oil & Gas: Vertically Integrated
Vertically Integrated oil and gas companies span the value chain from upstream production to refining and marketing. Scale, capital discipline, and operational modernization drive productivity.
The group had a strong 2025, finishing about 7% above its 2019 baseline. Chevron and Petrobras led as World’s Most Productive Companies. Gains were broad across the group.
Oil & Gas: Vertically Integrated World's Most Productive Companies
Productivity Snapshot
- Oil & Gas: Vertically Integrated ranks third of four Energy peer groups in 2025, at an Industrial Productivity Index of 1.07, about 7% above its 2019 baseline.
- 11 of 14 companies grew productivity in 2025.
- They are the group’s World’s Most Productive Companies: Chevron (1.23), Petrobras (1.22).
- Eleven of fourteen companies improved in 2025, lifting the group above its 2019 baseline.
Interested in learning more about how you stack up, where to improve, and the impact on margin, cash, inventory, and assets?