Top ten countries with the largest oil reserves
- Venezuela – 304 billion barrels.
- Saudi Arabia – 298 billion barrels.
- Canada – 170 billion barrels.
- Iran – 156 billion barrels.
- Iraq – 145 billion barrels.
- Russia – 107 billion barrels.
- Kuwait – 102 billion barrels.
- United Arab Emirates – 98 billion barrels.
However, in 2019, five countries accounted for about half of the world's total crude oil production.
- The top five crude oil producers and their percentage shares of world crude oil production in 2019 were.
- United States15%
- Russia13%
- Saudi Arabia12%
- Iraq6%
- Canada5%
An analysis of annual pay disclosures by the Journal found that Phillips 66, Anadarko Petroleum Corp, and ExxonMobil topped the list of oil and gas companies, paying their median workers $196,407, $183,445, and $171,375 respectively.
In 2019, Canada was the source of 49% of U.S. total gross petroleum imports and 56% of gross crude oil imports.
- The top five sources of U.S. total petroleum (including crude oil) imports by share of total petroleum imports in 2019 were.
- Canada49%
- Mexico7%
- Saudi Arabia6%
- Russia6%
- Colombia4%
- United States: 19.51 million bpd. The United States has been the top oil-producing country in the world since 2017.
- Saudi Arabia: 11.81 million bpd.
- Russia: 11.49 million bpd.
- Canada: 5.50 million bpd.
- China: 4.89 million bpd.
- Iraq: 4.74 million bpd.
- UAE: 4.01 million bpd.
- Brazil: 3.67 million bpd.
In total energy consumption, the US was between 86% and 91% self-sufficient in 2016. In May 2011, the country became a net exporter of refined petroleum products. As of March 2015, 85% of crude oil imports came from (in decreasing volume): Canada, Saudi Arabia, Mexico, Venezuela, and Colombia.
In May 2019, the United States produced a record 12.5 million barrels of oil per day and it is expected to reach to a record 13.4 million barrels per day by the end of 2019.
Not exactly. We're much less dependent on Middle East oil than we used to be, yes, but not entirely so—and in fact, we can't be. Because of the global connectedness of oil markets, the U.S. still imported about 9.94 million barrels of petroleum in 2018 from 90 different countries.
ExxonMobil ranked first among United States' top ten oil and gas producing companies based on market capitalization as of September 2020, at 159.83 billion U.S. dollars.
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