When was Addax Petroleum founded?

Addax Petroleum was founded in 1994.

Where is Addax Petroleum located?

Addax Petroleum is headquartered in Geneva, Switzerland.

Who is the current CEO of Addax Petroleum?

Geng Xianglang and Yi Zhang s of Addax Petroleum.

How many employees does Addax Petroleum have?

As of Aug 31, 2026, the latest employee count at Addax Petroleum is 1422.

Where does Addax Petroleum rank among its competitors?

Addax Petroleum ranks 348th amongst 1651 active competitors, of which 122 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was OMV Group, which secured an undisclosed amount in Feb, 2024.

Who are the top competitors of Addax Petroleum?

Addax Petroleum's top competitors include Chessapeake, Aramco and Petrobras. Among them, OMV Group secured the most recent funding round in February, 2024.

Addax Petroleum - 2026 Company Profile, Team & Competitors

Q: Is Addax Petroleum an acquired company?

Addax Petroleum got acquired by Sinopec on Aug 06, 2009.

Company Details

Website: addaxpetroleum.com
Social
Part Of

Key Metrics

Founded Year

1994

Location

Geneva, Switzerland

Stage

Acquired

Ranked

348^th among 1651 active competitors

Employee Count

1,422 as on Aug 31, 2026

Similar Companies

Chessapeake & 1590 more

Exit Details

Acquired by Sinopec (Aug 06, 2009)

View Addax Petroleum's full profile

Addax Petroleum is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ADDAX PETROLEUM US SERVICES CORPORATION CIN: 900804563 , United States, Active	Dec 31, 1999	-	11 (As on Dec 31, 2016)	-

Addax Petroleum got acquired by Sinopec on Aug 06, 2009 at an acquisition amount of $*****.

Click here to take a look at Addax Petroleum's acquisition in detail

Addax Petroleum has not raised any funding rounds yet.

Addax Petroleum's employee count trend

Addax Petroleum has 1,422 employees as of Aug 26. Here is Addax Petroleum's employee count trend over the years:

Employee count trend for Addax Petroleum

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Top competitors of Addax Petroleum include Chessapeake, Aramco and Petrobras. Here is the list of Top 10 competitors of Addax Petroleum, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Chessapeake 1989, Oklahoma City (United States), Public	Exploration and production of unconventional oil and gas	$460M	The Carlyle Group, Triangle Peak Partners ... & 4 others	72/100
2nd	Aramco 1993, Dhahran (Saudi Arabia), Public	Provider of exploration and production services for oil and gas sector	-	Janse Capital, Public Investment Fund & 5 others	69/100
3rd	Petrobras 1953, Rio de Janeiro (Brazil), Public	Provider of oil and gas exploration services	-	Helios, BNDES & 2 others	69/100
4th	OMV Group 1956, Vienna (Austria), Acquired	Provider of oil & gas exploration and production services	-	ADNOC, ADNOC & 2 others	68/100
5th	Devon Energy 1971, Oklahoma City (United States), Public	Exploration and Production company	$3.78B	Colt Ventures, Windcrest Partners & 2 others	68/100
6th	Gran Tierra Energy 2003, Calgary (Canada), Public	Provider of oil & gas exploration and production services	-	Montrose Capital Partners, IFC Asset Management Company ... Read more	68/100
7th	Antero Resources 2002, Denver (United States), Public	Independent oil and gas exploration and production company	$71.8M	Trilantic Capital Partners North America, Shah Capital ... & 3 others	67/100
8th	Hess 1919, New York City (United States), Acquired	Exploration and production of crude oil and natural gas	-	Chase, Omega Advisors & 3 others	67/100
9th	MEG Energy 1999, Calgary (Canada), Acquired	Exploration and Development Company Focused on Oil Sands in Alberta	$54.4M	Azimuth Capital Management, Denham Capital ... & 3 others	66/100
10th	PGNiG 1982, Warsaw (Poland), Acquired	State-controlled exploration of oil and gas company	-	YouNick	66/100
348th	Addax Petroleum 1994, Geneva (Switzerland), Acquired	Oil & gas exploration and production company	-	-	36/100