Saudi Aramco holds more proved reserves of hydrocarbons than any other oil company in the world. As of 2023, it reported nearly 251 billion barrels worth of oil and gas reserves, which was more than ten times the amount reported by ExxonMobil.
Proved oil and gas reserves of key companies worldwide in 2023, by company
(in billion barrels of oil equivalent)
Characteristic
Reserves in billion barrels of oil equivalent
Saudi Aramco
251.2
ExxonMobil
16.9
Chevron
11.1
TotalEnergies
10.6
Shell
9.8
BP
6.8
Eni
6.4
Created with Highcharts 7.2.2Reserves in billion barrels of oil equivalent251.2251.216.916.911.111.110.610.69.89.86.86.86.46.4Saudi AramcoExxonMobilChevronTotalEnergiesShellBPEni
020406080100120140160180200220240260280
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Data was compiled by Statista, based on the annual reports of each company, as follows:
BP: The figure is taken from the company's 2023 annual report (page 38). Chevron: The figure is taken from the company's 2023 annual report (pdf page 23). Eni: The figure is taken from the company's 2023 annual report (tab E&P Riserve). ExxonMobil: The figure is taken from the company's 2023 annual report (page 9). Saudi Aramco: The figure is taken from the company's 2023 annual report (page 129) and reflects proved reserves under terrms of the Concession. Shell: The figure is taken from the company's 2023 annual report (page 10). TotalEnergies: The figure is taken from the company's 2023 annual report (pdf page 9).
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Statista. (September 11, 2024). Proved oil and gas reserves of key companies worldwide in 2023, by company (in billion barrels of oil equivalent) [Graph]. In Statista. Retrieved February 23, 2025, from https://www.statista.com/statistics/215897/proved-oil-reserves-by-leading-world-gas-and-oil-companies/
Statista. "Proved oil and gas reserves of key companies worldwide in 2023, by company (in billion barrels of oil equivalent)." Chart. September 11, 2024. Statista. Accessed February 23, 2025. https://www.statista.com/statistics/215897/proved-oil-reserves-by-leading-world-gas-and-oil-companies/
Statista. (2024). Proved oil and gas reserves of key companies worldwide in 2023, by company (in billion barrels of oil equivalent). Statista. Statista Inc.. Accessed: February 23, 2025. https://www.statista.com/statistics/215897/proved-oil-reserves-by-leading-world-gas-and-oil-companies/
Statista. "Proved Oil and Gas Reserves of Key Companies Worldwide in 2023, by Company (in Billion Barrels of Oil Equivalent)." Statista, Statista Inc., 11 Sep 2024, https://www.statista.com/statistics/215897/proved-oil-reserves-by-leading-world-gas-and-oil-companies/
Statista, Proved oil and gas reserves of key companies worldwide in 2023, by company (in billion barrels of oil equivalent) Statista, https://www.statista.com/statistics/215897/proved-oil-reserves-by-leading-world-gas-and-oil-companies/ (last visited February 23, 2025)
Proved oil and gas reserves of key companies worldwide in 2023, by company (in billion barrels of oil equivalent) [Graph], Statista, September 11, 2024. [Online]. Available: https://www.statista.com/statistics/215897/proved-oil-reserves-by-leading-world-gas-and-oil-companies/
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