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Enbridge is the world's leading oil and gas equipment and service provider based on market capitalization. As of ****, Enbridge had a market cap of billion U.S. dollars. The Canada-based company specializes in energy transportation and infrastructure, with a vast network of underground pipelines to deliver crude oil and liquids. The company is also the largest distributor of natural gas in Canada and extends its services into the United States and Gulf of Mexico. As of that month, the top ten ranking global companies were exclusively from North America, primarily based in the U.S.

What is market cap?

As opposed to sales or assets, market capitalization is a metric used to determine a company’s size and worth on the stock market. For example, outstanding shares of U.S.-based Energy Transfer were valued at U.S. dollars, less than a third of Enbridge's market cap, but Energy Transfer outpaced Enbridge in terms of revenue. In the 2020/2021 fiscal year, Energy Transfer was the leading oil and gas equipment and service provider based on revenue. The differing ratios exemplify how market capitalization is not a hard figure like revenue, but inflates and fluctuates according to the perceived value of a company, influenced by less quantifiable factors.

How oil & gas equipment providers compare with oil producers

Oilfield service providers and oil and gas transportation companies are usually less valuable than those companies operating in all areas of the supply chain. The leading oil and gas companies worldwide based on market cap are producing giants such as ExxonMobil and Shell. These companies not only extract hydrocarbons, but also own and operate refineries and petrochemical manufacturing units and also serve as retailers to the average consumer.