5. United States
The United States is the fifth-largest oil exporter. It exported $67.6 billion worth of oil in 2021, comprising 7.11% of global exports. The country significantly increased its oil output between 2011 and 2020. In 2022, the U.S. produced 20.21 million barrels of oil per day, about 20% of the global total, making it the world's largest oil producer.
The World's 10 Biggest Oil Exporters
Discover the size of the global oil export market and its contribution to global GDP. Learn more about the biggest oil exporters in the world today.
Who says we are not oil independent.
Big Oil Made Record 2022 Profits While Fleecing California Families
Published: Jan 31, 2023SACRAMENTO – Oil company profit reports for 2022 are rolling in and the numbers tell the story we’ve suspected all along: Big Oil reaped record amounts as California families were fleeced at the pump.
Five major oil companies have reported their 2022 profits, smashing last year’s highs:
- Exxon: $55.7 billion — setting a company record and bringing in $6.3 million an hour
- Chevron: $36.5 billion – doubling their 2021 profits, with executives flaunting their “outstanding results” in an earnings call
- Marathon: $14.5 billion — Q4 profit of $3.32 billion surged 331% from previous year
- Valero: $11.6 billion – 866% higher than the previous year
- Phillips 66: $11 billion — Q4 profit of $1.9 billion up 46% over Q4 2021
