Largest oil companies by production volume 2024| ��ƽ��

Crude oil and other liquids production of largest oil companies worldwide in 2024 (in 1,000 barrels per day)

Company (country)	Production in thousand barrels per day
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Sources

Release date

2025

More information

Region

Worldwide

Survey time period

2024

Special properties

* Figures for PetroChina and Sinopec calculated using annual sum. Except for Sinopec, PetroChina, and Petrobras (which only provide crude oil production figures), figures reflect all liquids production, including natural gas liquids, condensate, synthetic crude oil, and bitumen where applicable. Some figures were added manually.

Supplementary notes

Statistic compiled from the following reports:

BP: (page 32).
Chevron: (page 8).
ConocoPhillips: (page 39).
ExxonMobil: (page 11).
Pemex: (page 1).
Petrobras: (page 82).
PetroChina: (page 23).
Saudi Aramco: (page 44).
Shell: (page 23).
Sinopec: (page 11).
�մǳٲ��Ա��:�� (page 6).

Citation formats

Saudi Aramco is by far the world's largest oil company based on daily liquids production. In its 2024 fiscal year, Saudi Arabia's state-owned oil company reported a crude oil and associated liquids output of some **** million barrels per day. This was more than three times the amount extracted by its closest competitor.

State-owned enterprises by far the largest producers

The largest oil producers are state-controlled companies like Saudi Aramco and Brazil's Petrobras. Compared to the more than *** million barrels of liquids extracted by Saudi Aramco, ExxonMobil, as the largest private-owned oil company has a daily production of some million barrels. Meanwhile, total global oil production averages more than ** million barrels per day.

The size of the oil and gas sector

The oil and gas industry is one of the largest industries worldwide. This sector is involved in exploration, extraction, refining, transportation, and marketing of hydrocarbon-based commodities. Many industries are extremely dependent on oil and gas products, mostly in the form of energy fuels or raw materials for chemical products. This is also why oil and gas companies are among the world’s top companies by revenue.