In 2022, Saudi Arabia's proven crude oil reserves amounted to 267.2 billion barrels. Saudi Arabia is a founding member of the Organization of Petroleum Exporting Countries (OPEC), which was established in 1960. Saudi Arabia's exports of crude oil amounted to nearly 7.4 million barrels per day that year.
| Characteristic | Characteristic |
|---|---|
| Proven crude oil reserves (in million barrels) | 267,192 |
| Crude oil production (in 1,000 barrels per day)* | 10,591 |
| Oil demand (in 1,000 barrels per day) | 3,172 |
| Crude oil exports (in 1,000 barrels per day) | 7,364 |
| Proven natural gas reserves (in billion cubic meters) | 9,514 |
| Marketed production of natural gas (in million cubic meters) | 122,895 |
| Output of petroleum products (in 1,000 barrels per day) | 2,768 |
| Exports of petroleum products (in 1,000 barrels per day) | 1,468 |
| Value of petroleum exports (in million U.S. dollars) | 326,289 |
| Refinery capacity (in 1,000 barrels per calendar day) | 3,291 |
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