When was SOCAR founded?

SOCAR was founded in 1992 and raised its 1st funding round 27 years after it was founded.

Where is SOCAR located?

SOCAR is headquartered in Baku, Azerbaijan.

How many employees does SOCAR have?

As of Sep 30, 2026, the latest employee count at SOCAR is 4843.

Is SOCAR a funded company?

SOCAR is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on Jan 01, 2019.

When was the latest funding round of SOCAR?

SOCAR's latest funding was a $***** Grant (prize money) round on Jan 01, 2019, with participation from 1 investor.

Where does SOCAR rank among its competitors?

SOCAR ranks 207th amongst 5071 active competitors, of which 221 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Dominion Energy, which secured $33.6M in May, 2025.

Who are the top competitors of SOCAR?

SOCAR's top competitors include Shell, MET Petroleum AG and Archrock. Among them, Dominion Energy secured the most recent funding round in May, 2025.

SOCAR - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: socar.az
Social
Email ID: *****@socar.az
Phone Number: +994 **********

Key Metrics

Founded Year

1992

Location

Baku, Azerbaijan

Stage

Funding Raised

Latest Funding Round

Grant (prize money), Jan 01, 2019, $*****

Investors

Europa

Ranked

207^th among 5071 active competitors

Employee Count

4,843 as on Sep 30, 2026

Investment & Acquisitions

Petlim Limancilik Ticaret & 6 more

Similar Companies

Shell & 5558 more

View SOCAR's full profile

SOCAR has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Jan 01, 2019 for $*****. 1 investor participated in its latest round. SOCAR has 1 institutional investor.

Here is the list of recent funding rounds of SOCAR:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 01, 2019	5839094	Grant (prize money)	7715378	9437626	6448444	5511745

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SOCAR's employee count trend

SOCAR has 4,843 employees as of Sep 26. Here is SOCAR's employee count trend over the years:

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Top competitors of SOCAR include Shell, MET Petroleum AG and Archrock. Here is the list of Top 10 competitors of SOCAR, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shell 1907, London (United Kingdom), Public	Provider of natural gas & oil exploration, refining, midstream, and upstream services	-	Pierce Mason Private Equity, Gov & 4 others	78/100
2nd	MET Petroleum AG 2012, Zug (Switzerland), Acquired	Provider of natural gas, power, oil, LNG/LPG, and power generation services	$58.7M	Keppel Infrastructure, UBS & 1 others	73/100
3rd	Archrock 1954, Houston (United States), Acquired	Provider of natural gas compression solutions for midstream companies	$15M	New Enterprise Associates, Shasta Ventures ... & 4 others	73/100
4th	Dominion Energy 1983, United States, Acquired	Producer and transporter of energy	-	TD Securities, Coast Funding & 7 others	73/100
5th	TotalEnergies 1924, Paris (France), Public	Integrated energy company producing and marketing energy sources	-	Global Infrastructure Partners, BPE Partners ... & 5 others	73/100
6th	Hera 2002, Bologna (Italy), Public	Diversified multi-utility and waste management services	$9.86M	CDP Equity, 3i Group & 1 others	72/100
7th	Sunoco 1889, United States, Early Stage	Petroleum products distribution company	$350K	Bank of America, FEMA & 1 others	72/100
8th	YPF 1922, Buenos Aires (Argentina), Public	Provider of natural gas & oil exploration and transportation services	-	BNP Paribas, Santander Bank & 4 others	71/100
9th	California Resources Corporation 2014, Los Angeles (United States), Public	Provider of oil & gas exploration and production services	$550M	Kimmeridge, Ares Management & 3 others	71/100
10th	Enbridge 1949, Calgary (Canada), Public	Provider of liquid storage, transportation and distribution services	-	Stifel, PSP Investments & 2 others	71/100
207th	SOCAR 1992, Baku (Azerbaijan), Funding Raised	Provider of oil, gas exploration, processing, and transportation services for petrochemical products	-	Europa	50/100

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SOCAR has made 2 investments in companies including Petlim Limancilik Ticaret and TANAP. SOCAR has also acquired 5 companies including Enervis Energy Advisors and EWE.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 22, 2021	Investments	Petlim Limancilik Ticaret	2010	Izmir (Turkey)
Jan 30, 2019	Acquisition	Enervis Energy Advisors	2001	Berlin (Germany)
Jan 30, 2019	Acquisition	EWE	2009	Oldenburg (Germany)