Top 5 Jet Fuel Companies
Shell PLC
Exxon Mobil Corporation
BP PLC
Chevron Corporation
TotalEnergies SE
Source: Mordor Intelligence
Jet Fuel Companies Matrix by Mordor Intelligence
Our comprehensive proprietary performance metrics of key Jet Fuel players beyond traditional revenue and ranking measures
The MI Matrix can differ from a simple revenue ranking because it weights what buyers feel day to day at airports. Some firms look strong on refinery size, yet have limited certified SAF access, weak into-plane coverage, or thin documentation support. Buyers often need a clear answer on which companies can deliver certified SAF at specific airports, and which can sustain JP-8 style reliability during large defense exercises. Capability signals that shift positions include certified SAF production starts, airport network breadth, storage and hydrant control, and proof of repeat deliveries. This MI Matrix by Mordor Intelligence is better for supplier and competitor evaluation than revenue tables alone because it blends physical footprint with delivery execution. It also reflects how quickly each company can respond to new mandates, supply shocks, and certification audits.
MI Competitive Matrix for Jet Fuel
The MI Matrix benchmarks top Jet Fuel Companies on dual axes of Impact and Execution Scale.
Analysis of Jet Fuel Companies and Quadrants in the MI Competitive Matrix
Comprehensive positioning breakdown
Shell PLC
SAF contracting has become a visible lever for airline decarbonization plans in 2025. Multi-year offtake deals allow Shell, a leading player in airport fuel supply, to lock in demand and protect logistics utilization. Shell agreed in April 2023 to supply Delta with up to 10 million gallons of neat SAF for use at Los Angeles, which strengthens its ability to steer SAF allocation by hub. If EU blending rules tighten faster than expected, Shell can route more certified volumes to constrained airports, but it risks margin pressure if feedstock costs spike.
Exxon Mobil Corp
Refining scale helps absorb demand swings when passenger traffic and defense exercises move abruptly. This major supplier benefits from strong manufacturing throughput and disclosed aviation fuels sales volumes in its 2024 results, which signals continued commitment to the segment. If SAF premiums stay high through 2027, ExxonMobil can focus on conventional uplift reliability, yet it may lose influence with buyers that need certified blending pathways. Refinery disruption timing is a practical risk, because aviation buyers penalize missed delivery windows more than most transport fuels.
BP PLC (Air BP)
Regulatory change is now shaping how quickly co processing can expand SAF availability. When standards widen, bp can gain leverage as a top operator in into-plane networks because refiners can raise renewable content without building new plants. bp stated in May 2025 that it led a taskforce that achieved UK Ministry of Defence approval to raise co processed renewable feedstock limits to 30% for Jet A-1 production. If similar defense standards spread, bp can scale supply faster in Europe, but the risk is uneven certification acceptance across airports and military buyers.
Chevron Corp
Technology licensing and renewable feedstock access matter more when airlines ask for local supply options. Chevron, a leading producer with refining and distribution depth, can still face setbacks if renewable fuel economics weaken. Chevron idled two Midwest biodiesel plants in March 2024, a reminder that renewable margins can be volatile. Chevron Lummus Global also said in June 2024 that its ISOTERRA technology was selected for a SAF project in China, which supports longer term pathway optionality. If policy incentives fall, Chevron's risk is slower payback on renewable assets tied to aviation.
TotalEnergies SE
Airport mandates in Europe reward suppliers that can convert refinery sites into repeatable SAF capacity. TotalEnergies, a major supplier, can pair production plans with long-duration airline contracts to stabilize investment decisions. TotalEnergies said in 2023 it targeted 500,000 tons of SAF capacity by 2028 and described Grandpuits and Normandy scale up plans, including higher output from 2025 onward. It also signed a 2024 agreement to supply up to 1.5 million tons of SAF to Air France-KLM through 2035. If Grandpuits timing slips again, the company risks failing to meet peak season airport allocation needs.
Saudi Aramco (SAF-focused JVs)
Strategic partnerships can reduce early stage risk in new SAF plants. In December 2024, Saudi Aramco, a leading company in energy and chemicals, signed a joint development and cost sharing agreement with TotalEnergies and SIRC to assess a SAF plant in Saudi Arabia's Eastern Province using waste oils and animal fats. If aviation demand and tourism growth accelerate, Aramco could anchor local supply for both domestic and international carriers, but it must translate assessment work into bankable designs. A critical risk is feedstock collection scale, since circular inputs can be harder to secure than crude supply.
Frequently Asked Questions
What should airlines ask first when selecting a jet fuel provider?
Ask which airports the provider can serve directly and how inventory is protected during disruptions. Then ask how quality control and traceability are handled across storage, trucking, and into-plane steps.
How do buyers verify SAF claims without relying on marketing statements?
Request ISCC CORSIA or equivalent documentation and chain-of-custody evidence for each batch. Confirm the registry process if certificates are used instead of physical uplift.
What is the practical difference between into-plane supply and bulk supply to FBOs?
Into-plane includes the final refueling step and is tightly tied to airport systems and safety audits. Bulk supply ends earlier and leaves the final delivery and custody steps to the FBO.
How should defense buyers reduce risk during large air exercises?
They should confirm surge capacity at nearby terminals and define minimum on-site inventory levels. They should also test contingency routing plans for alternate airports.
What is the biggest near term risk to SAF availability?
Supply growth can lag mandates because projects need feedstock, hydrogen, certification, and airport logistics at the same time. Price volatility can also slow long term contracting.
When does book and claim help, and when does it not help?
It helps when a buyer needs emission attributes but cannot access physical SAF at its airport. It does not solve on-airport uplift constraints or physical supply shortages during peak demand.
Methodology
Research approach and analytical framework
Used public company investor materials, filings, and company press rooms, plus credible journalism and standards or government references where relevant. This works for both public and private firms by relying on observable signals like plants, contracts, and certifications. When scoped figures were unavailable, signals were triangulated across deals, capacity statements, and airport coverage disclosures.
Airport fueling access and regional storage determine who can serve peak season uplift without rerouting aircraft.
Airlines and defense buyers favor proven quality systems and audit-ready documentation for every batch and location.
Jet fuel and SAF position influences allocation power when supply is tight at major hubs.
Refinery yield flexibility, terminal capacity, and hydrant control reduce stockout risk and turnaround delays.
New SAF starts, co-processing readiness, and certified pathways since 2023 show who can meet mandate ramps.
Aviation fuel working capital needs are high, so balance sheet strength supports inventory, credit, and resilience.
