Saudi Arabia has approximately 36.4 billion metric tons of conventional crude oil reserves. This made it the country with the largest conventional oil reserves in the world. By comparison, the United States, the world's leading oil producer, held around 5.3 billion metric tons in conventional oil reserves.
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Countries with the largest conventional oil reserves worldwide in 2023
(in million metric tons)
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BGR. (December 2, 2024). Countries with the largest conventional oil reserves worldwide in 2023 (in million metric tons) [Graph]. In Statista. Retrieved June 24, 2025, from https://www.statista.com/statistics/264762/countries-with-the-largest-conventional-oil-reserves/
BGR. "Countries with the largest conventional oil reserves worldwide in 2023 (in million metric tons)." Chart. December 2, 2024. Statista. Accessed June 24, 2025. https://www.statista.com/statistics/264762/countries-with-the-largest-conventional-oil-reserves/
BGR. (2024). Countries with the largest conventional oil reserves worldwide in 2023 (in million metric tons). Statista. Statista Inc.. Accessed: June 24, 2025. https://www.statista.com/statistics/264762/countries-with-the-largest-conventional-oil-reserves/
BGR. "Countries with The Largest Conventional Oil Reserves Worldwide in 2023 (in Million Metric Tons)." Statista, Statista Inc., 2 Dec 2024, https://www.statista.com/statistics/264762/countries-with-the-largest-conventional-oil-reserves/
BGR, Countries with the largest conventional oil reserves worldwide in 2023 (in million metric tons) Statista, https://www.statista.com/statistics/264762/countries-with-the-largest-conventional-oil-reserves/ (last visited June 24, 2025)
Countries with the largest conventional oil reserves worldwide in 2023 (in million metric tons) [Graph], BGR, December 2, 2024. [Online]. Available: https://www.statista.com/statistics/264762/countries-with-the-largest-conventional-oil-reserves/
