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Being the biggest oil company in Russia, Rosneft is also the largest publicly traded company in the world based on its hydrocarbon production volume. BP holds a 19.75 % share in Rosneft which makes it a beneficiary to a broad range of existing and future projects in Russia, a country that has huge hydrocarbon resources.
The United States became the worldâs largest natural gas producer in 2010, ousting Russia for the top spot. The United States also ranks as the worldâs largest producer of oil and natural gas combined. Now, it is also the largest producer of oil and natural gas liquids. Texas and North Dakota Oil Production. The United States produced 8.4 million barrels per day of oil in April 2014âthe highest monthly production volume in 27 years âwith Texas and North Dakota accounting for nearly half of the total.