Selected global oil companies by daily production 2021
Saudi Aramco is the world's largest oil company based on daily oil production. In the 2021 fiscal year, Saudi Arabia's state-owned oil company reported a crude oil output of some 9.2 million barrels per day. This was over a threefold increase from the amount extracted by its closest competitor.
The largest oil producers are state-controlled companies like Saudi Aramco and Brazil's Petrobras. Compared to the more than nine million barrels of oil pushed out by Saudi Aramco, BP as the largest private-owned oil company has a daily production of some 1.9 million barrels. Meanwhile, total global oil production averages some 90 million barrels per day.
The size of the oil and gas sector
The oil and gas industry is one of the largest industries worldwide. This sector is involved in exploration, extraction, refining, transportation, and marketing of hydrocarbon-based commodities. Many industries are extremely dependent on oil and gas products, mostly in the form of energy fuels or raw materials for chemical products. This is also why oil and gas companies are among the world’s top companies by revenue.The largest oil producers are state-controlled companies like Saudi Aramco and Brazil's Petrobras. Compared to the more than nine million barrels of oil pushed out by Saudi Aramco, BP as the largest private-owned oil company has a daily production of some 1.9 million barrels. Meanwhile, total global oil production averages some 90 million barrels per day.
