Aviation Fuel Companies

The aviation fuel market is estimated at USD 203.66 billion in 2025 and is projected to reach USD 329.03 billion by 2031 at a CAGR of 8.3%. The market is projected to grow from 92.16 billion gallons in 2025 to 139.52 billion gallons in 2031. The growth of the market is driven by the resurgence of global air travel, the expansion of commercial fleets, and the rising demand from the cargo and defense aviation industries. Increasing investments in sustainable aviation fuel (SAF) production and refinery modernization are further propelling market expansion.

Exxon Mobil Corporation (US), Chevron Corporation (US), BP P.L.C. (UK), Shell (UK), and TotalEnergies (France) are the top companies in the market. These players have incorporated various organic and inorganic growth strategies, including collaborations, acquisitions, product launches, partnerships, agreements, and expansions, to strengthen their international presence and capture a greater share in the aviation fuel market. These organic and inorganic strategies have allowed the market players to expand across geographies by offering various aviation fuel solutions.

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Major Aviation Fuel Companies Include:

• Exxon Mobil Corporation (US)
• Chevron Corporation (US)
• BP plc (UK), Shell (UK)
• TotalEnergies (France)

In June 2025, Neste and Chevron (through Chevron Lummus Global (CLG), a joint venture between Chevron U.S.A. Inc. and Lummus Technology), a leading technology provider to produce renewable and conventional transportation fuels, partnered to drive innovation in renewable fuels. The companies have joined forces to develop a new technology enabling conversion of lignocellulosic biomass into high-quality, lower-emission renewable fuels, such as SAF and renewable diesel.

In August 2025, Kintetsu World Express, Inc. (KWE), a leading global freight forwarder, announced that it had entered into a new agreement with Shell Aviation to facilitate the use of SAF. This agreement marks a crucial step in KWE's sustainability strategy, leveraging Shell's innovative digital platform, Avelia, to make the environmental benefits of SAF more accessible and verifiable.

In May 2025, TotalEnergies signed an agreement with Spanish discount airline Volotea for the supply of SAF. Volotea agreed to purchase up to 7.5 million liters of SAF produced by TotalEnergies between 2025 and 2029.

ExxonMobil is one of the world’s largest publicly traded international energy and petrochemical corporations, renowned for creating innovative solutions that enhance quality of life while addressing society's evolving needs. Its operations are organized into three primary business segments: Upstream, Downstream, and Chemical. These segments deliver essential products, including energy, chemicals, lubricants, and lower-emissions technologies. With an industry-leading portfolio of resources, ExxonMobil is a global powerhouse in the production and integration of fuels, lubricants, and chemicals. The company is also a leader in providing aviation fuels to the global market, supporting commercial airlines, military fleets, and private aviation with high-quality jet fuel products. ExxonMobil’s aviation solutions emphasize safety, performance, and efficiency, meeting the stringent demands of the aerospace industry. ExxonMobil has a global presence, operating in over 200 countries and territories, with significant assets and operations spanning across the world.

BP plc is a major player in the energy sector, offering a comprehensive range of products and services, including fuels for aviation. Its aviation fuel portfolio includes Jet Fuel, primarily Jet A and Jet A-1, which meet international standards for performance and safety, as well as Avgas, a high-octane fuel used in piston-engine aircraft. BP also supplies Unleaded Avgas Grade UL91, an environmentally friendly alternative to traditional leaded aviation gasoline, and is actively engaged in the development and supply of SAF, a low-carbon solution designed to reduce the aviation industry’s carbon footprint. With a strong geographic presence, BP serves major markets across North America, Europe, Asia, the Middle East, and Africa. The company has a significant presence in key global aviation hubs, providing aviation fuel services to airlines, military customers, and general aviation operators. BP plc has established fuel supply networks and infrastructure at major international airports, ensuring efficient and reliable fuel delivery worldwide. The company operates through the Gas & Low Carbon Energy, Customers & Products, and Oil Production & Operations segments. Through its diverse portfolio and global reach, BP plc is positioned as a leader in the energy industry, committed to sustainable and innovative energy solutions.

Market Ranking

The aviation Fuel market is highly competitive, with five main players: Exxon Mobil Corporation (US), Chevron Corporation (US), BP plc (UK), Shell (UK), and TotalEnergies (France). Exxon Mobil Corporation (US) holds a leading position in the aviation fuel market due to its scale and fuel production capacity. Chevron Corporation (US) follows with a competitive share, maintaining a strong position in the market, with its established aviation fuel production and services. BP plc (UK) contributes a significant amount of market share. Shell (UK) focuses on large-scale refinery integration and digital fuel management solutions across major airports. TotalEnergies (France) has extensive global refining and distribution networks and advanced technological capabilities, which give it a competitive edge and market leadership position. The remaining market is shared among other regional and emerging vendors, contributing to extensive fragmentation and offering opportunities for smaller players to establish a footprint.

Related Reports:

Aviation Fuel Market By Fuel Type (Jet Fuel, Avgas, Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), End User (Airlines, Government & Military, Non-scheduled Operators), Aircraft Type, and Region - Global Forecast to 2030

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