Total S.A. is the only Big Oil company which successfully replaced all produced oil and gas resources in 2020. Despite the coronavirus pandemic proving a huge challenge for the industry, the French oil and gas supermajor was able to replace all of the oil it produced that year with new resources. U.S.-based gas liquids company ConocoPhilips followed with a resource replacement ratio of 92.5 percent.
Estimated share of conventional crude oil and gas production replaced with new resources from 2016 to 2020, by company
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Statista. (February 3, 2021). Estimated share of conventional crude oil and gas production replaced with new resources from 2016 to 2020, by company [Graph]. In Statista. Retrieved May 23, 2022, from https://www.statista.com/statistics/859146/oil-resource-replacement-ratio-by-company/
Statista. "Estimated share of conventional crude oil and gas production replaced with new resources from 2016 to 2020, by company." Chart. February 3, 2021. Statista. Accessed May 23, 2022. https://www.statista.com/statistics/859146/oil-resource-replacement-ratio-by-company/
Statista. (2021). Estimated share of conventional crude oil and gas production replaced with new resources from 2016 to 2020, by company. Statista. Statista Inc.. Accessed: May 23, 2022. https://www.statista.com/statistics/859146/oil-resource-replacement-ratio-by-company/
Statista. "Estimated Share of Conventional Crude Oil and Gas Production Replaced with New Resources from 2016 to 2020, by Company." Statista, Statista Inc., 3 Feb 2021, https://www.statista.com/statistics/859146/oil-resource-replacement-ratio-by-company/
Statista, Estimated share of conventional crude oil and gas production replaced with new resources from 2016 to 2020, by company Statista, https://www.statista.com/statistics/859146/oil-resource-replacement-ratio-by-company/ (last visited May 23, 2022)
