This report was previously published by BP.
Figures include crude oil, shale oil, oil sands, condensates and NGLs.
Figures have been rounded.
This statistic was compiled using several releases of the publication.
Venezuela's oil production has plummeted in the past decade, dipping to around ***barrels per day in 2024. This represents around than of the country's production in 2010. Venezuela is among the countries with the largest oil reserves worldwide.
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Energy Institute. (June 25, 2025). Oil production in Venezuela from 2008 to 2024 (in million barrels per day) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/265185/oil-production-in-venezuela-in-barrels-per-day/
Energy Institute. "Oil production in Venezuela from 2008 to 2024 (in million barrels per day)." Chart. June 25, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/265185/oil-production-in-venezuela-in-barrels-per-day/
Energy Institute. (2025). Oil production in Venezuela from 2008 to 2024 (in million barrels per day). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/265185/oil-production-in-venezuela-in-barrels-per-day/
Energy Institute. "Oil Production in Venezuela from 2008 to 2024 (in Million Barrels per Day)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 25 Jun 2025, /statistics/265185/oil-production-in-venezuela-in-barrels-per-day/
Energy Institute, Oil production in Venezuela from 2008 to 2024 (in million barrels per day) ÌÇÐÄÆƽâ°æ, /statistics/265185/oil-production-in-venezuela-in-barrels-per-day/ (last visited July 30, 2026)
Oil production in Venezuela from 2008 to 2024 (in million barrels per day) [Graph], Energy Institute, June 25, 2025. [Online]. Available: /statistics/265185/oil-production-in-venezuela-in-barrels-per-day/
