Top 5 North America Natural Gas Companies
Eni SpA
BP PLC
Total Energies SE
Royal Dutch Shell PLC
Exxon Mobil Corporation.
Source: Mordor Intelligence
North America Natural Gas Companies Matrix by Mordor Intelligence
Our comprehensive proprietary performance metrics of key North America Natural Gas players beyond traditional revenue and ranking measures
Revenue rankings often track legacy scale, while execution strength can shift quickly with new LNG access, basin level logistics, and project timing. The MI Matrix reflects tangible capability indicators such as North American asset footprint, deliverability into power generation demand, reliability of processing and transport systems, and the pace of post 2023 project progress. Several buyers also want a direct view of which firms are expanding LNG export access from Canada and the US Gulf, and which firms can physically move gas out of Appalachia and the Permian. They also need clarity on how permitting cycles and methane rules can change delivered cost, not just wellhead cost. This MI Matrix by Mordor Intelligence is better for supplier and competitor evaluation than revenue tables alone because it weights what can be executed in region, under real constraints, over the next planning cycle.
MI Competitive Matrix for North America Natural Gas
The MI Matrix benchmarks top North America Natural Gas Companies on dual axes of Impact and Execution Scale.
Analysis of North America Natural Gas Companies and Quadrants in the MI Competitive Matrix
Comprehensive positioning breakdown
Royal Dutch Shell
LNG Canada's first shipped cargo in June 2025 gives the company a rare new export lever from Canada. The company, a major player, benefits from a 40% working interest and two-train capacity of 14 mtpa, which supports resilient Pacific Basin delivery options if US Gulf congestion tightens. Policy risk sits in Canadian emissions rules and local permitting expectations, where execution discipline can protect returns. If Phase 2 advances, the upside is scale and routing flexibility, while the threat is cost inflation and weather disruption along the upstream and logistics chain.
Exxon Mobil Corporation
U.S. production disclosures show Exxon reporting 2024 net natural gas volumes available for sale of 2,887 million cubic feet per day, which anchors strong regional supply weight. Exxon, a leading producer, also has a clear LNG conversion path through Golden Pass, where the U.S. granted an export permit extension during 2025 as the project works through schedule pressure. If first LNG slips again, cash timing and contractor reliability become the key downside, especially with Gulf Coast storm exposure. Regulatory swings on export authorizations and methane compliance can raise costs, but scale and integration remain durable strengths.
Frequently Asked Questions
What should a utility or industrial buyer check first in a North America gas counterparty?
Confirm deliverability, not just contract volume, across peak winter and outage periods. Ask for proof of firm transport, storage access, and contingency supply options.
How do LNG projects change North America gas risk for buyers?
They can tighten local supply during high export periods and raise delivered price volatility. They also create new demand for pipeline takeaway and processing that may take years to build.
What is the most common reason large gas projects miss schedule targets?
Labor constraints, equipment lead times, and permitting disputes often stack together. Contracting issues can also trigger redesigns and slow commissioning.
How can methane policy affect a gas supplier choice?
Methane measurement and fees can raise operating cost and add reporting burden. Suppliers with credible monitoring and low leak profiles usually face less disruption.
What separates a strong midstream partner from a weak one?
A strong partner shows high uptime, clear expansion milestones, and transparent maintenance planning. A weak partner relies on optimistic timelines and has limited redundancy.
How should buyers stress test a long-term LNG linked gas strategy?
Model low and high Henry Hub cases, plus basis blowouts and export slowdowns. Then test whether contracts still work under delayed start dates and curtailment events.
Methodology
Research approach and analytical framework
Inputs were taken from company filings, investor materials, and company press rooms, plus selected named-media coverage. Private activity was inferred only from observable signals like assets, contracts, and commissioning milestones. Scoring focused on North America natural gas indicators rather than global totals. Where figures were not comparable, multiple proxies were triangulated to keep rankings consistent.
Plants, basins, and contracts across the USA, Canada, and Mexico reduce delivery risk for power and industrial buyers.
Utilities, LNG counterparties, and regulators favor proven operators with established safety records in North America.
Higher regional volumes usually mean practical pricing power, better optionality, and stronger negotiating leverage on transport.
Processing, pipelines, LNG linkages, and storage determine whether gas can reach power plants and large industrial loads.
New LNG access, lower emissions operations, and new processing additions since 2023 indicate future readiness.
Cash generation from scoped gas activity supports expansions, reliability spend, and resilience through price cycles.
