The Top 7 Oil Companies by Proved Reserves

Saudi Aramco controls 259 billion barrels worth of oil and gas reserves, which is unmatched by any other company globally. This is a key factor in the company’s massive $1.8 trillion valuation. To illustrate that, Visual Capitalist's Marcus Lu created this chart to compare the proved reserves of major oil companies as of 2022. Data was compiled by Statista from various company reports. Crown Jewel Saudi Aramco is the national oil company of Saudi Arabia. As of 2024, it is the sixth-largest company in the world by market capitalization. Its…