Oil production in the United States amounted to around 857.9 million metric tons in 2024, an increase when compared to the previous year and the highest figure recorded within the period of consideration. Between 1998 and 2024, figures increased by 490 million metric tons.

Key information about United States Crude Oil: Production

• United States Crude Oil: Production was reported at 13,208.219 Barrel/Day th in Dec 2024
• This records an increase from the previous number of 12,934.556 Barrel/Day th for Dec 2023
• US Crude Oil: Production data is updated yearly, averaging 7,171.122 Barrel/Day th from Dec 1960 to 2024, with 65 observations
• The data reached an all-time high of 13,208.219 Barrel/Day th in 2024 and a record low of 4,999.727 Barrel/Day th in 2008
• US Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

Crude Oil Production in the United States increased to 13844 BBL/D/1K in September from 13800 BBL/D/1K in August of 2025. This dataset provides the latest reported value for - United States Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Texas is by far the largest oil-producing state in the United States. In 2024, Texas produced a total of over two billion barrels. In a distant second place is New Mexico, which produced 744.6 million barrels in the same year. Virginia is the smallest producing state in the country, at three thousand barrels. Macro perspective of U.S. oil production The U.S. oil production totaled some 19.4 million barrels of oil per day, or a total annual oil production of 827 million metric tons in 2023. As the largest oil producer in the U.S., it is not surprising that Texas is home to the most productive U.S. oil basin, the Permian. The Permian has routinely accounted for at least 50 percent of total onshore production. Regional distribution of U.S. oil production A total of 32 of the 50 U.S. states produce oil. There are five regional divisions for oil production in the U.S., known as the Petroleum Administration for Defense Districts (PADD). These five regional divisions of the allocation of fuels derived from petroleum products were established in the U.S. during the Second World War and they are still used today for data collection purposes. In line with the fact that Texas is by far the largest U.S. oil producing state, PADD 3 (Gulf Coast) is also the largest oil producing PADD, as it also includes the federal offshore region in the Gulf of Mexico. There are around 590 operational oil and gas rigs in the country as of February 2025.

View weekly updates and historical trends for US Crude Oil Field Production. from United States. Source: Energy Information Administration. Track economic…

United States US: Production Index: Crude Oil data was reported at 162.073 2010=100 in 2016. This records a decrease from the previous number of 171.954 2010=100 for 2015. United States US: Production Index: Crude Oil data is updated yearly, averaging 131.184 2010=100 from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 175.989 2010=100 in 1970 and a record low of 91.292 2010=100 in 2008. United States US: Production Index: Crude Oil data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Production Index: Annual.

Since the 1960s, the Middle East has been the global region that has produced the largest quantity of crude oil in most years, followed by North America, and then the Commonwealth of Independent States (most of the former-USSR). In the figures for annual output, there are notable fluctuations in output that coincide with major regional events, such as the Iranian Revolution in 1979, Soviet dissolution in 1991, or the boom in onshore shale oil drilling in the U.S. since 2010.

View yearly updates and historical trends for US Oil Production. from United States. Source: Energy Institute. Track economic data with YCharts analytics.

Key information about United States Oil Consumption

• United States Oil Consumption was reported at 18,983.557 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 18,862.210 Barrel/Day th for Dec 2022
• US Oil Consumption data is updated yearly, averaging 17,634.400 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 20,531.482 Barrel/Day th in 2005 and a record low of 11,512.436 Barrel/Day th in 1965
• US Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

United States Crude Oil Supply: Annual: Field Production: Total data was reported at 8,857.284 1000 Barrel/Day in 2017. This records an increase from the previous number of 8,341.136 1000 Barrel/Day for 2016. United States Crude Oil Supply: Annual: Field Production: Total data is updated yearly, averaging 6,813.540 1000 Barrel/Day from Dec 1949 (Median) to 2017, with 69 observations. The data reached an all-time high of 9,407.764 1000 Barrel/Day in 1970 and a record low of 4,316.903 1000 Barrel/Day in 2008. United States Crude Oil Supply: Annual: Field Production: Total data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB017: Petroleum Overview: by Product.

The US oil and gas production index measures the change in annual crude oil and natural gas production in the continental United States. Data for both commodities is sourced from the Energy Information Administration, and crude oil production volume has been converted to the equivalent measurement of natural gas. The base year of the index is 2000.

View monthly updates and historical trends for US Crude Oil Production. from United States. Source: Energy Information Administration. Track economic data…

The oil production in federal lands of the United States recovered from the levels between 2011 and 2013, where around *** million barrels of oil were produced. By 2018, this figure increased to the highest value in a decade, reaching almost *** million barrels of oil.

United States Crude Oil Supply: Annual: Imports: Others data was reported at 7,850.000 1000 Barrel/Day in 2016. This records an increase from the previous number of 7,363.000 1000 Barrel/Day for 2015. United States Crude Oil Supply: Annual: Imports: Others data is updated yearly, averaging 1,198.000 1000 Barrel/Day from Dec 1910 (Median) to 2016, with 103 observations. The data reached an all-time high of 10,126.000 1000 Barrel/Day in 2005 and a record low of 2.000 1000 Barrel/Day in 1910. United States Crude Oil Supply: Annual: Imports: Others data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.RB017: Petroleum Overview: by Product.

Global oil production amounted to ************ barrels per day in 2024. The level of oil production reached an all-time high in 2024. However, the coronavirus pandemic and its impact on transportation fuel demand led to a notable decline in 2020. Rising production and consumption Apart from events surrounding global economic crisis as in the late 2000's and 2020, oil production consistently increased every year for the past two decades. Similarly, global oil consumption only decreased in 2008, 2009, and 2020, but has otherwise increased to a higher level year after year. Oil and oil products remain invaluable commodities as most transportation fuels are petroleum-based and oil is a major raw material for the chemicals industry. Production by region and country While total production is rising, regional distribution has shifted, with the share of production declining the most in Europe and the Commonwealth of Independent States (CIS) since 2008, and rising the most in North America. Even though as a region the Middle East still produces the largest share of oil worldwide, the United States is currently the worl'ds largest producer of oil, followed by Saudi Arabia and Russia.

In 2024, the United States consumed nearly ** million barrels of oil daily. In comparison to the previous year, figures decreased by around *** percent. Within the period of consideration, the figure peaked at **** million barrels of oil daily in 2005. The U.S. is the country with the highest oil consumption in the world. Domestic production U.S. oil production saw a noticeable growth after the Great Recession, as the energy industry developed extraction technologies to reduce the need to import high-priced oil. In 2021, domestic production amounted to **** million barrels per day, while figures in 2008 stood at *** million barrels per day. Texas is by far the leading crude oil producing state, with an annual production of *** billion barrels in 2024. New Mexico was the second largest producer, at a third of Texas’ production. American oil companies As of June 2025, ExxonMobil had the highest market capitalization of any oil and gas producer in the world. Chevron and ConocoPhillips were also among the top 10 oil and gas companies worldwide based on market value, ranking ****** and ******** respectively. ExxonMobil was founded in 1999, as a merger of Exxon and Mobil, formerly the Standard Oil Company of New Jersey and Standard Oil Company of New York, respectively. ExxonMobil is headquartered in Irving, Texas (although it has recently announced it will move its headquarters further South to its Houston campus) and generated an operating revenue of *** billion U.S. dollars in 2023. This figure represented an increase in comparison to 2021, when the company’s revenue dropped as a consequence of the coronavirus pandemic.

United States Crude Oil Supply: Annual: Imports data was reported at 7,969.000 1000 Barrel/Day in 2017. This records an increase from the previous number of 7,850.000 1000 Barrel/Day for 2016. United States Crude Oil Supply: Annual: Imports data is updated yearly, averaging 1,211.500 1000 Barrel/Day from Dec 1910 (Median) to 2017, with 104 observations. The data reached an all-time high of 10,126.000 1000 Barrel/Day in 2005 and a record low of 2.000 1000 Barrel/Day in 1910. United States Crude Oil Supply: Annual: Imports data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB017: Petroleum Overview: by Product.

Graph and download economic data for Gross Domestic Product: Oil and Gas Extraction (211) in the United States (USOILGASNGSP) from 1997 to 2024 about extraction, mining, oil, gas, GSP, private industries, private, industry, GDP, and USA.

The value added by the U.S. oil and gas extraction industry amounted to 257.03 billion U.S dollars in 2023. This was a notable decrease from the previous year, but an increase compared to before 2021 which saw a decline in oil product demand due to pandemic-induced lockdowns. Energy supply fears in the wake of the Russia-Ukraine war as well as a return to pre-pandemic level economic activity are partly responsible for the increase in value added noted in 2022. The close connection between 'value added' and crude oil prices The term 'value added' here refers to the difference between the industry's gross output and the cost of production. In the oil and gas industry, the annual value added is majorly influenced by the impact of world market developments on crude oil prices. As these prices underlay market speculation they are especially volatile. For example, the peak in value added recorded in 2022 comes as domestic first purchase prices for crude oil in the U.S. saw a major increase to over 90 U.S. dollars per barrel, benefiting producers in the country. In 2023, the price was nearly 76 U.S. dollars per barrel. Oil and gas industry's contributions to U.S. GDP Producing sectors have historically been a major contributor to the country's gross domestic product. However, as technological advancements have strengthened the service industry, the role of producing sectors declined. In 2023, mining (which includes oil and gas extraction) contributed 380.9 billion U.S. dollars to U.S. coffers. This made it the third smallest contributing just sector ahead of utilities and agriculture.

United States Crude Oil Supply: Annual: Field Production: Alaskan data was reported at 494.431 1000 Barrel/Day in 2017. This records an increase from the previous number of 489.533 1000 Barrel/Day for 2016. United States Crude Oil Supply: Annual: Field Production: Alaskan data is updated yearly, averaging 525.686 1000 Barrel/Day from Dec 1949 (Median) to 2017, with 69 observations. The data reached an all-time high of 2,016.787 1000 Barrel/Day in 1988 and a record low of 0.000 1000 Barrel/Day in 1958. United States Crude Oil Supply: Annual: Field Production: Alaskan data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB017: Petroleum Overview: by Product.