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Leading U.S. oil companies by proved oil reserves 2024

Published by
Doris Dokua Sasu,
Nov 27, 2025

ConocoPhillips had oil reserves totaling nearly **** billion barrels as of year-end 2024. This made it the leading U.S. oil company based on proved oil reserves. By comparison, Occidental Petroleum Corporation ranked fourth, with proved oil reserves amounting to **** billion barrels that year.

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Leading oil companies by proved oil reserves in the United States in 2024 (in million barrels)

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Release date

August 2025

Region

United States

Survey time period

2024

Special properties

* Including amounts related to equity investments. 

Supplementary notes

Figures include condensate and natural gas liquids and based on year-end estimates for largest 40 companies.

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