Shell: oil and NGL production 2024| Statista

Shell's oil and natural gas liquids production remained relatively stable in 2024, with the company producing 507.5 million barrels through subsidiaries and an additional 23.9 million barrels through joint ventures and associates. This production level places Shell among the top oil and gas companies worldwide.

Production comparison with other major players

While Shell maintained steady production, other major oil companies showed varying trends. ExxonMobil, for instance, reported a significant increase in daily liquids production, reaching nearly 3 million barrels per day in 2024. In contrast, BP's output has remained at around 1.1 million barrels per day following the divesting of its Rosneft shares in 2022. Chevron and TotalEnergies fell between these extremes, with daily production of 1.6 million and 1.55 million barrels, respectively.

North America dominates as largest producing site

The global nature of oil production is evident in the regional breakdown of these companies' outputs. BP, for example, saw North America become its largest producing region, accounting for 376,000 barrels of daily output in 2024. Chevron similarly reported strong U.S. production, with 1.15 million barrels produced daily in its home market.

Crude oil and natural gas liquids production of Shell from 2015 to 2024 (in 1,000 barrels)

Characteristic	Shell subsidiaries	Shell share of joint ventures and associates
2024	507,493	23,905
2023	507,581	22,989
2022	503,971	28,951
2021	578,924	35,982
2020	605,576	35,586
2019	627,276	38,259
2018	600,186	38,326
2017	595,539	35,861
2016	576,170	38,358
2015	454,326	41,220

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Release date

March 2025

More information

Region

Worldwide

Survey time period

2015 to 2024

Special properties

Reflects 100% of production attributable to subsidiaries except PSCs, where the figures shown represent the entitlement of the subsidiaries concerned under those contracts. This statistic was assembled using several editions of the report.

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