Top 5 Oil Producing Countries in 2022

3. Saudi Arabia

Crude oil production for 2021: 9,313,000 barrels per day

Saudi Arabia has long been known for its substantial oil reserves and production. Not only is the country the third largest oil producer in the world, but also Saudi Arabia is home to the world’s most valuable oil company, Saudi Aramco, which is worth around $2 trillion. Given that it doesn’t consume as much oil as it produces, Saudi Arabia is one of the world’s leading exporters with crude exports of 7.6 million barrels per day in August of 2022.