Saudi Aramco reported a crude oil production volume of 10.62 million barrels per day in 2023. Saudi Aramco has one of the largest crude oil reserves worldwide, and the highest oil production per day among oil producing companies.
The oil and gas sector is on if the leading industries worldwide. This industry is involved in hydrocarbon-based commodity exploration, extraction, refining, transportation, and marketing. Due to Saudi Arabia's significant crude oil reserves and relatively low production cost, it is considered to be a swing producer. This means, Saudi Arabia can adjust its production volume to match global demand and price developments.
Annual volume of crude oil production by Saudi Aramco from 2018 to 2023
(in million barrels per day)
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Aramco. (March 13, 2024). Annual volume of crude oil production by Saudi Aramco from 2018 to 2023 (in million barrels per day) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/663535/saudi-aramco-crude-oil-production/
Aramco. "Annual volume of crude oil production by Saudi Aramco from 2018 to 2023 (in million barrels per day)." Chart. March 13, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/663535/saudi-aramco-crude-oil-production/
Aramco. (2024). Annual volume of crude oil production by Saudi Aramco from 2018 to 2023 (in million barrels per day). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/663535/saudi-aramco-crude-oil-production/
Aramco. "Annual Volume of Crude Oil Production by Saudi Aramco from 2018 to 2023 (in Million Barrels per Day)." Statista, Statista Inc., 13 Mar 2024, https://www.statista.com/statistics/663535/saudi-aramco-crude-oil-production/
Aramco, Annual volume of crude oil production by Saudi Aramco from 2018 to 2023 (in million barrels per day) Statista, https://www.statista.com/statistics/663535/saudi-aramco-crude-oil-production/ (last visited December 22, 2024)
Annual volume of crude oil production by Saudi Aramco from 2018 to 2023 (in million barrels per day) [Graph], Aramco, March 13, 2024. [Online]. Available: https://www.statista.com/statistics/663535/saudi-aramco-crude-oil-production/
