National Oil Companies (NOCs)

National Oil Companies (NOCs) are government-owned entities responsible for exploring, producing, refining, and selling oil and gas within their country. They play a key role in managing their nation's natural resources, often prioritizing national interests over profits. Unlike multinational corporations, NOCs are owned and operated by the government, which can influence their strategies and operations. They contribute significantly to a country's economy by generating revenue, funding public services, and supporting energy security. Examples include Saudi Aramco (Saudi Arabia), Pemex (Mexico), and Petrobras (Brazil).