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Gazprom, Russia's largest company, produces 83% of the nation's natural gas, controls 17% of the world's reserves, and is also the world's largest gas producer. OAO Gazprom is engaged in gas exploration, processing, transport, and marketing. OAO Gazprom operates Russia's domestic gas pipeline network and delivers gas to countries across Central Asia and Europe. Gazprom relies heavily on Western exports. OAO Gazprom also holds stakes in Russian financial institutions, a polypropylene plant, and its own telecom network. The Russian government has boosted its stake in Gazprom from 38% to just more than 50%. Gazprom accounts for about 25% of Russia's tax revenues.

NOVATEK is a major player in the Russian natural gas market . OAO NOVATEK is the country's largest independent gas producer and second largest producer of natural gas (behind state-owned Gazprom). Established in 1994, NOVATEK explores for and processes natural gas and liquid hydrocarbons, boasting 4.7 billion barrels of oil equivalent reserves. OAO NOVATEK sells natural gas directly throughout the country. NOVATEK focuses its production on the prolific Yamal-Nenets region, the world's largest natural gas area. Power generation plants, metallurgical plants, and wholesale gas suppliers are among the company's main customers.

Integrated oil giant Rosneft conducts oil and gas exploration and production activities in Siberia, the Far East, the North Caucasus, Timan-Pechora, the Volga-Urals region, the Black, Caspian, and Azov Seas, and in Kamchatka. OAO Rosneft Oil Company also has exploration projects in Algeria, Kazakhstan, and Turkmenistan. OAO Rosneft Oil Company has proved, probable and possible reserves of 49 billion barrels of oil equivalent. OAO Rosneft Oil Company has seven refineries with an aggregate capacity of 56.7 million tonnes. Rosneft also operates shipping and pipeline companies, as well as a national network of 1,700 gasoline stations. The Russian government owns 75% of Rosneft.

Occidental Petroleum Corporation (NYSE: OXY) is an international oil and gas exploration and production company, as well as a major North American chemical manufacturer. Occidental Oil and Gas Corporation is the fourth-largest U.S. oil and gas company, based on market capitalization of $48.6 billion. Oxy engages in oil and natural gas exploration and production in three core regions: the United States, Middle East/North Africa and Latin America. Occidental Oil and Gas Corporation is a worldwide leader in applying advanced technology to boost production from mature oil and natural gas fields and access hard-to-reach reserves. Occidental Oil and Gas Corporation have consistently replaced and expanded reserves through improved recovery, strategic acquisitions and focused exploration. Occidental Oil and Gas Corporation is the largest leaseholder of oil and gas exploration acreage in Libya.

Occidental Permian is all about oil, Texas Tea. Occidental Permian, Ltd. is the largest oil producer in Texas and has proved reserves in the Permian Basin of 1.2 billion barrels of oil equivalent. Nearly 60% of the oil Occidental Permian obtains comes from CO2 flooding, a procedure that is used when pumping and water injection no longer works. Occidental Permian, Ltd. is a subsidiary of Occidental Oil and Gas (itself a subsidiary of Occidental Petroleum), and became the major player in the Permian Basin with the parent's acquisition of Altura Energy in 2000 for a reported $3.6 billion.

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