U.S. share in global oil production 1992-2022
The United States is the largest crude oil producer in the world. In 2022, it held a global share of 14.73 percent. Although its production share initially declined in the early 2000s, previously inaccessible reserves were made available in the 2010s thanks to technological advances. From 2018 onward, the U.S. surpassed Saudi Arabia and Russia to become the world's largest oil producing country.