The United States holds more oil resources than any other country in the world. The majority of these reserves are in the form of shale oil (synthetic oil won from kerogen), at around 89,981 million metric tons. By comparison, Venezuela was found to have the greatest heavy oil resources and Russia the greatest conventional oil resources. Resources are differentiated from reserves in that they also include estimated and non-extractable deposits.
Countries with largest oil resources worldwide in 2023, by type
(in million metric tons)
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Countries with largest oil resources worldwide in 2023, by type
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BGR. (December 2, 2024). Countries with largest oil resources worldwide in 2023, by type (in million metric tons) [Graph]. In Statista. Retrieved April 16, 2025, from https://www.statista.com/statistics/264766/countries-with-largest-oil-resources/?locale=en
BGR. "Countries with largest oil resources worldwide in 2023, by type (in million metric tons)." Chart. December 2, 2024. Statista. Accessed April 16, 2025. https://www.statista.com/statistics/264766/countries-with-largest-oil-resources/?locale=en
BGR. (2024). Countries with largest oil resources worldwide in 2023, by type (in million metric tons). Statista. Statista Inc.. Accessed: April 16, 2025. https://www.statista.com/statistics/264766/countries-with-largest-oil-resources/?locale=en
BGR. "Countries with Largest Oil Resources Worldwide in 2023, by Type (in Million Metric Tons)." Statista, Statista Inc., 2 Dec 2024, https://www.statista.com/statistics/264766/countries-with-largest-oil-resources/?locale=en
BGR, Countries with largest oil resources worldwide in 2023, by type (in million metric tons) Statista, https://www.statista.com/statistics/264766/countries-with-largest-oil-resources/?locale=en (last visited April 16, 2025)
Countries with largest oil resources worldwide in 2023, by type (in million metric tons) [Graph], BGR, December 2, 2024. [Online]. Available: https://www.statista.com/statistics/264766/countries-with-largest-oil-resources/?locale=en
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