U.S. Oil Companies Produced More Oil Than any Country in History Last Year. Here Are 3 Top Oil Stocks to Buy Now
Chevron(CVX) The Motley Fool·2024-03-16 11:42
The U.S. produced 12.9 million barrels of oil per day (BPD) last year. That was the most crude oil produced by any country in history (and well ahead of rivals Russia, with 10.1 million BPD, and Saudi Arabia's 9.7 million BPD). It shattered the country's previous record of 12.3 million BPD in 2019. The country's output also reached a record high of 13.3 million BPD in December. No other country has come close to reaching that level. Saudi Arabia recently scrapped plans to boost its output to 13 million BPD ...