Most of this companies are the legacy of the original seven sisters. The Supermajors or Big Oil, are public listed companies that have the biggest share of revenues and importance in the industry. Today the industry is driven and controlled by the new Seven Sisters. Hence the emergence of national oil companies and OPEC. Situation started to change in the 70s (after the oil crisis), where most countries started to realize how important it is for them to leverage and regulate their natural resources. At one point, this cartel controlled 85% of the world’s oil reserves. Back in the 50s, the major industry players were the 7 European and North American companies, also known as ‘the Consortium of Iran’ cartel. ![]() The Seven Sisters are top companies that have major influences and strong hands on dictating the path, policies and strategies for the industry. Here are the ‘Seven Sisters’ and the ‘Big Oil’ you should know. Interested to work in oil and gas industry? Senior Manager, Supply Chain Management at Bumi Armada
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