According to the latest data from Statista, Saudi Arabia’s national oil company, Saudi Aramco, currently holds proven oil reserves equivalent to 259 billion barrels of oil, the largest in the world. This is a significant factor in the company’s $1.8 trillion market capitalization.
The infographic below depicts the oil companies with the largest reserves globally.
As illustrated, Saudi Aramco’s oil reserves are four times more than the combined total of all other companies on the list.
Following Saudi Aramco is the American energy giant ExxonMobil, with reserves equating to 17.7 billion barrels. The third spot is also occupied by an American company, Chevron, with 11.2 billion barrels.
Currently, Saudi Aramco produces 9 million barrels of oil per day, leading the world in production and accounting for nearly 10% of global output. Additionally, the Saudi national oil company is the most profitable entity globally, with a total profit of $722 billion between 2016 and 2023. As of early this year, it ranked as the sixth-largest company in the world by market capitalization.
