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Equinor ASA is an energy company based in Stavanger, Norway, engaged in the exploration, production, refining, and distribution of oil and gas. The company operates in several segments, including Exploration & Production Norway, Exploration & Production International, and Marketing, Midstream & Processing. Founded in 1972 as Statoil, Equinor has a significant presence in the North Sea and maintains operations in over 30 countries globally. The company is also investing in renewable energy, with a focus on offshore wind projects. Equinor's strategic positioning includes leveraging advanced technology and a strong commitment to sustainability to optimize its energy production portfolio.

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with 2025 worldwide net oil-equivalent production of 3.7 million barrels per day, including 8.5 billion cubic feet per day of natural gas and 2.3 million barrels of liquids per day. Production takes place in North America, South America, Europe, Africa, Asia, and Australia. The company's refining networks arelocated in the United States and Asia, with a total worldwide refining capacity of 1.8 million barrels of oil a day at year-end 2025. Net proved reserves at year-end 2025 stood at 10.6 billion barrels of oil equivalent, consisting of 5.7 billion barrels of liquids and 29.2 trillion cubic feet of natural gas.