Kuwait Petroleum Corporation Overview
Pro stress-test →Kuwait Petroleum Corporation (KPC), Kuwait's national oil company, manages a range of activities, including petroleum exploration, production, refining, marketing, petrochemicals and transportation. Responsible for around 7 percent of the world's crude oil, KPC plays a key role in global energy markets. KPC serves as the parent company, overseeing all petroleum activities in the nation—from upstream exploration and production, to refining, marketing, and export.
Strategic Profile
Pro stress-test →KPC was established in 1980 as an umbrella company, consolidating KOC (Kuwait Oil Company), KNPC (Kuwait National Petroleum Company), KOTC (Kuwait Oil Tanker) and PIC (Petrochemicals Industries Company) under government control. As one of the world's leading oil companies and the cornerstone of the Kuwaiti economy, KPC represents more than just an organization; it is the main architect of Kuwait's hydrocarbon strategy for the 21st century.
Competitive Landscape
Pro stress-test →KPC is responsible for around 7 percent of the world's crude oil, positioning it among the world's largest oil producers. Key competitors include Saudi Aramco, ExxonMobil, Shell, and other OPEC-member national oil companies. KPC's integrated downstream operations through KNPC refineries provide competitive advantage in value-chain control.
Industry Context
Kuwait Petroleum Corporation operates in Petroleum and Natural Gas Extraction.
Key facts
Founded: 1980 · Headquarters: Kuwait City, Kuwait · Employees: N/A · Revenue: $251.94 billion (2014, most recent available) · Market cap: N/A