International Oil Company

An International Oil Company (IOC) is a large organization involved in the exploration, extraction, production, refining, and distribution of oil and gas across multiple countries. These companies operate globally, often having significant influence on energy markets and economies. They invest in technology and infrastructure to locate and develop oil reserves, and they also seek to meet energy demands while considering environmental responsibilities. Examples of IOCs include BP, ExxonMobil, and Shell. Their operations can impact global energy prices, environmental policies, and geopolitical relationships.