US oil companies are mostly contractors to the really big oil companies, which are the national oil companies around the world. Very little oil is in private hands. Even in the US, most new oil is in government hands. Outside the US, there is no such thing as private oil.
US oil companies are mostly contractors to the really big oil companies, which are the national oil companies around the world.
Please explain in a little more detail please since there are thousands of independent producers such as us in 39 oil-producing states. We have absolutely no connections to the larger producers.