Countries ranked by proven crude oil reserves in 2024, measured in billions of barrels according to OPEC Annual Statistical Bulletin and EIA data. Venezuela holds the world's largest proven oil reserves, overtaking Saudi Arabia in 2010 — th...
About: Countries with the Largest Proven Oil Reserves 2024
Overview of the data behind this chart
Countries ranked by proven crude oil reserves in 2024, measured in billions of barrels according to OPEC Annual Statistical Bulletin and EIA data. Venezuela holds the world's largest proven oil reserves, overtaking Saudi Arabia in 2010 — though much of its reserves are heavy crude that is expensive to extract.
Key Findings
Auto-computed highlights from this dataset
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Venezuela leads with 303 in 2024.
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Average value in 2024: 165 · median: 150.
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Gap in 2024: Venezuela is 3.8× larger than Russia.
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Countries with the Largest Proven Oil Reserves 2024
Data Insights
Numbers, trends & sources behind this chart⬡
Data Points
8
8 categories
·
1 year
↑
Top Value
303
Venezuela
Proven Oil Reserves (Billion Barrels) · 2024
◈
Metrics
1
Proven Oil Reserves (Billion Barrels)
◷
Period
2024
Single year snapshot
Category Rankings
Ranked by 2024 value · vs. 2024| # | Category | 2024 | 2024 | Change |
|---|---|---|---|---|
| 🥇 | Venezuela | 303 | 303 | +0% |
| 🥈 | Saudi Arabia | 267 | 267 | +0% |
| 🥉 | Canada | 168 | 168 | +0% |
| 4 | Iran | 155 | 155 | +0% |
| 5 | Iraq | 145 | 145 | +0% |
| 6 | Kuwait | 102 | 102 | +0% |
| 7 | UAE | 97 | 97 | +0% |
| 8 | Russia | 80 | 80 | +0% |
Statistical Summary — 2024
303
Maximum
80
Minimum
165
Average
150
Median
What This Data Shows
Auto-generated trend summaries per category
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Full Data Table
8 records across 1 yearData Sources & References
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