IOC meaning in Business ?

Answer:

What is International Oil Company mean?

Big Oil is a name used to describe the world's six or seven largest publicly traded oil and gas companies, also known as supermajors. The term emphasizes their economic power and influence on politics, particularly in the United States. Big Oil is often associated with the fossil fuels lobby and also used to refer to the industry as a whole in a pejorative or derogatory manner.

The supermajors are considered to be BP, Chevron, Eni, ExxonMobil, Royal Dutch Shell, TotalEnergies, and ConocoPhillips.

The term, analogous to others such as Big Steel and Big Tech that describe industries dominated by a few giant corporations, was popularized in print from the late 1960s. Today it is often used to refer specifically to the seven supermajors. The use of the term in the popular media often excludes the national producers and OPEC oil companies who have a much greater global role in setting prices than the supermajors. Both the Sinopec Group and the China National Petroleum Corporation, which are state-owned Chinese oil companies, had greater revenues in 2019 than any of the supermajors.

In the maritime industry, six to seven large oil companies that decide a majority of the crude oil tanker chartering business are called "Oil Majors".

reference

Full Form	Category
Intergovernmental Oceanographic Commission	Academic & Science
Indian Ocean Climate	Academic & Science
Indirect Object Clitic	Academic & Science
International Orchid Committee	Academic & Science
Immediate or Cancel	Accounts and Finance
Insist On Cash	Accounts and Finance
International Order of Characters	Associations & Organizations
Innovation Ontario Corporation	Business
Independent Operating Company	Business
Integration, Organization, Cohesion	Business
Inter-Office Communication	Business
International Oil Company	Business
In-organic Contaminant	Chemistry
International Ornithological Committee	Community
International Outreach Church	Community
Inner Olympic Club	Community
International Olympic Committee's	Community
Imitation Of Christ	Community
Interim Orders Committee	Community
Independent Oversight Committee	Community
Indian Oil Corporation	Company Name
Input/output Comparator	Computer Hardware
Input/output Configuration	Computer Hardware
Indicator of Compromise	Computing
ISDN Ordering Code	Computing
Infrastructure Operating Center	Computing
Install Optional Components	Computing
Instant Organizational Chart	Computing
Input Output Control	Computing
Ibm Open Class Library	Computing
Integrated Optical Circuit	Computing
Intel Online Connect	Computing
Indicators Of Compromise	Computing
Internet Of Communications	Computing
Internet Of Cores	Computing
Internet Of Customers	Computing
Internet Of Campus	Computing
Internet Of Clean	Computing
Internet Of Computer	Computing
Internet Operations Center	Computing
Internet Of Content	Computing
I/O Coin	Cryptocurrency
Impedance of Circuit	Electronics
Instant Orgcharting! Organizational Chart	File Type
Integer Overflow Checker	General
Institut Obert de Catalunya	General
International Olympic	General
Iron Ore Co	General
International Outreach Center	General
itial Operational Capability	General
Interesting Olympic Campaign	General
Intelligent Orientation Control	General
Interesting Olympic Confederation	General
Invasion Of Chaos	General
Instead of Ordinary Coke	General
Intolerant Olympic Committee	General
itial Operating Capability	General
Ignore Olympic Casualties	General
Indication Of Compromise	General
Input Output Cluster	General
Instant Oil Change	General
Infiniti Owner's Club	General
Isuzu Offroad Club	General
Ibiza Owners Club	General
Internet Of Cars	General
Isetta Owners Club	General
Independent Outpatient Clinic	Governmental
International Olive Council	Governmental
International Olympic a Council	Governmental
Industry Overpowers Communism	Governmental
International Organized Crime	Governmental
Ignorant Oppressive And Corrupt	Governmental
Index Of Cooperation	Governmental
Inter-Organizational Council	Governmental
In-Organic Contaminants	Governmental
Instrument Of Commitment	Governmental
Incident Operations Center	Governmental
Interception Of Communication	Governmental
Institute Of Coding	Governmental
International Outdoor Club	International
International Open College	International
International Open Coed	International
Iteration On Coefficient	Maths
VA Independent Outpatient Clinic	Medical
Intraoperative Cholangiogram (with gallbladder surgery)	Medical
IntraOral Camera	Medical
International Olympic Committee	Military and Defence
Indoor Obstacle Course	Military and Defence
Industrial Operations Command	Military and Defence
Intelligence Operations Center	Military and Defence
Investigations Operations Center	Military and Defence
Infantry Officer Course	Military and Defence
Initiative On Cities	Regional
Indian Orthodox Church	Society & Culture
Inversion of Control	Softwares
Indirect Operating Costs	Space Science
Initial Operating Capability	Space Science
Initial Operational Capability	Space Science
Input/output Controller	Space Science
International Othello Competitors	Sports
Inter-office Channel	Telecommunication