All of the World’s Oil Reserves by Country, in One Visualization

Key Takeaways

• Just four countries control more than half of the world’s proven oil reserves.
• Venezuela has the world’s largest proven oil reserves (about 303 billion barrels), but U.S. sanctions have limited its ability to export crude and fully monetize this resource.
• President Trump has said the U.S. would take control of Venezuela’s oil reserves and invite American companies to invest in rebuilding the country’s weakened oil industry following a military operation that captured President Nicolás Maduro.