The Global Mineral Engine Oil Market was valued at USD 35.8 Billion in 2023 and is projected to reach USD 45.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period (2024–2030). This steady growth is underpinned by the vast global vehicle parc, consistent demand from the automotive aftermarket, and the ongoing need for reliable lubrication in heavy machinery and industrial applications despite the rise of synthetic alternatives.

As the backbone of engine protection for over a century, mineral engine oil remains a critical component in global transportation and industry. While the market evolves with advancements in lubricant technology, established players continue to dominate through extensive distribution networks, trusted brands, and continuous product refinement. In this blog, we profile the Top 10 Companies in the Mineral Engine Oil Industry—a group of industry titans and specialized lubricant manufacturers ensuring the smooth operation of millions of engines worldwide.

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🔟 1. ExxonMobil Corporation (Mobil)

Headquarters: Irving, Texas, USA
Key Offering: Mobil Super, Mobil 1 (Mineral variants), Mobil Delvac

ExxonMobil, through its Mobil brand, is a global leader in lubricants, including a comprehensive portfolio of mineral-based engine oils. These oils are formulated for a wide range of applications, from passenger cars and motorcycles to commercial trucks and heavy-duty industrial equipment. The company’s extensive R&D focuses on enhancing the performance and longevity of conventional lubricants.

Key Initiatives & Strengths:

• Global supply chain and manufacturing footprint

• Strong presence in both consumer automotive and commercial fleets

• Continuous improvement of additive packages for better engine cleanliness and wear protection

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9️⃣ 2. Shell plc

Headquarters: London, United Kingdom
Key Offering: Shell Helix, Shell Rimula, Shell Rotella

Shell is one of the world’s largest suppliers of lubricants, with its mineral engine oils being a cornerstone of its product lineup. Brands like Shell Helix for passenger vehicles and Shell Rimula/Rotella for commercial vehicles are trusted globally. Shell leverages its expertise in base oil production to ensure consistent quality and performance.

Key Initiatives & Strengths:

• Vertically integrated from base oil production to finished lubricants

• Extensive retail and B2B distribution network

• Focus on meeting a wide array of industry specifications and OEM approvals

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8️⃣ 3. BP plc (Castrol)

Headquarters: London, United Kingdom
Key Offering: Castrol GTX, Castrol Magnatec, Castrol CRB

BP’s Castrol is a powerhouse in the lubricants market, renowned for its strong brand recognition and technical expertise. While known for synthetics, Castrol offers a robust range of high-quality mineral engine oils like Castrol GTX, which are designed to provide effective protection for older engines and cost-sensitive market segments.

Key Initiatives & Strengths:

• Powerful brand marketing and consumer trust

• Strong partnerships with automotive OEMs and racing affiliations

• Innovation in fluid technology to enhance mineral oil performance

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7️⃣ 4. Valvoline Inc.

Headquarters: Lexington, Kentucky, USA
Key Offering: Valvoline Daily Protection, Valvoline All-Climate, Valvoline Premium Conventional

Valvoline is a leading marketer and supplier of premium lubricants, with a long history dating back to 1866. The company’s mineral engine oils are a key part of its product portfolio, favored in the quick-lube and DIY (Do-It-Yourself) segments for their reliability and affordability. Valvoline has a significant retail presence across North America and a growing international footprint.

Key Initiatives & Strengths:

• Strong focus on the automotive aftermarket and service centers

• Extensive portfolio catering to specific vehicle needs and climates

• Commitment to recycling used oil through its “NextGen” product line

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6️⃣ 5. TotalEnergies

Headquarters: Paris, France
Key Offering: Total Quartz, Total Rubia

TotalEnergies is a major global energy player with a strong lubricants division. Its Total Quartz range for passenger cars and Total Rubia for heavy-duty diesel engines includes high-performance mineral-based formulations. The company invests heavily in research to improve the efficiency and environmental profile of its conventional oils.

Key Initiatives & Strengths:

• Strong market position across Europe, Africa, and Asia

• Focus on developing lubricants that help reduce fuel consumption

• Technological partnerships with vehicle manufacturers

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5️⃣ 6. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Havoline, Texaco Ursa

Chevron manufactures and markets premium lubricants under the Havoline and Texaco brands. Its mineral engine oils are engineered to meet the demands of modern engines while providing excellent value. Chevron’s technological strength lies in its proprietary additive formulations that help keep engines clean and protected under various operating conditions.

Key Initiatives & Strengths:

• Access to high-quality base oils from its own refineries

• Global network of distributors and affiliates

• Emphasis on product quality and achieving industry certifications

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4️⃣ 7. Motul

Headquarters: Paris, France
Key Offering: Motul 3000, Motul 5000

Motul is a recognized specialist in lubricants, with a heritage in motorsports. While famous for its high-performance synthetic oils, Motul also produces a line of reliable mineral-based engine oils like the Motul 3000 and 5000 series. These products are popular for routine maintenance of standard vehicles, motorcycles, and scooters, particularly in markets where cost-effectiveness is key.

Key Initiatives & Strengths:

• Reputation for high performance and technical excellence

• Strong presence in the motorcycle and specialty vehicle segments

• Active involvement in motorsports for product testing and development

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3️⃣ 8. Indian Oil Corporation Ltd. (IOCL)

Headquarters: New Delhi, India
Key Offering: Servo

Indian Oil Corporation is India’s largest commercial enterprise and a leading player in the mineral engine oil market through its Servo brand. Servo lubricants cater to the entire spectrum of automotive and industrial needs in one of the world’s fastest-growing markets. IOCL’s vast refining and distribution infrastructure ensures widespread availability across the country.

Key Initiatives & Strengths:

• Dominant market share in India, a high-volume market

• Extensive network of fuel stations and dealerships

• Focus on developing products suitable for local driving conditions and vehicle types

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2️⃣ 9. Idemitsu Kosan Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Idemitsu

Idemitsu is a major Japanese oil company with a significant lubricants business. Its mineral engine oils are known for their high quality and are used by both consumers and Original Equipment Manufacturers (OEMs) in Japan and across Asia. The company places a strong emphasis on research to meet the precise lubrication requirements of Japanese automotive manufacturers.

Key Initiatives & Strengths:

• Strong relationships with Japanese automotive OEMs

• Reputation for technological precision and product reliability

• Strategic focus on the Asian market

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1️⃣ 10. Sinopec Corporation (China Petrochemical Corporation)

Headquarters: Beijing, China
Key Offering: Great Wall Lubricants

Sinopec is one of China’s largest integrated energy and chemical companies. Its Great Wall Lubricants subsidiary is a massive producer and supplier of mineral engine oils, serving the enormous domestic market in China as well as international markets. The company benefits from its vertical integration and scale, making it a dominant force in the Asia-Pacific region.

Key Initiatives & Strengths:

• Massive production capacity and domestic market dominance

• Cost-competitive positioning

• Expanding international footprint through exports

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🔧 Outlook: The Future of Mineral Engine Oil is Value and Niche Specialization

The mineral engine oil market continues to hold a significant share of the global lubricants industry, driven by its cost-effectiveness and suitability for a vast number of existing vehicles and machinery. While synthetic oils gain share in new, high-performance engines, mineral oils remain essential for older vehicles, price-sensitive consumers, and specific industrial applications.

📈 Key Trends Shaping the Market:

• Sustained Demand in Emerging Economies: High vehicle population growth in Asia, Africa, and Latin America continues to drive volume demand for affordable mineral oils.

• Performance Enhancement: Continuous improvement in additive technology is extending drain intervals and improving the protective qualities of mineral oils.

• Niche Application Focus: Mineral oils are finding stable demand in specific niches like agricultural machinery, marine engines, and certain industrial applications where the cost-benefit ratio is favorable.

• Re-refining and Sustainability: Growing emphasis on used oil collection and re-refining is creating a circular economy for mineral base oils, enhancing the segment’s environmental profile.

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The companies profiled above are not only supplying a vital product for global mobility and industry—they are continuously adapting to ensure that mineral engine oil remains a reliable and evolving solution for millions of users worldwide.