Global oil reserves share by country 2020

Venezuela holds the largest share of oil reserves worldwide, with some 17.5 percent of total global oil reserves in 2020. By comparison, Saudi Arabia oil reserves accounted with 17.2 percent of the world's reserves that time, while the United States held four percent of the world's oil reserves.

Share of oil reserves worldwide held by countries with major oil resources from 2010 to 2020*

Characteristic	Venezuela	Saudi Arabia	Canada	Iran	Iraq	Russia	Kuwait	United Arab Emirates	United States	Libya
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-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-

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Release date

July 2021

More information

Region

Worldwide

Survey time period

2010 to 2020

Supplementary notes

* Total proved reserves of oil, generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing economic and operating conditions. Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil.
Shares of total were calculated using thousand million barrels figures.
This statistic has been compiled using several editions of the report.

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