How Much Oil Does The U.S. Really Own?

It’s no secret that the United States produces more crude oil on a daily basis than any other country at 12.6 million bpd, according to the most recent weekly EIA data. But this is domestically. When you look at crude production from US majors operating overseas, just how much of the world’s crude oil do these US giants really control? Who Produces the Oil? It may be impossible to get a definitive total, but a look at the reported production from US oil majors against some of the rest of the world’s largest oil companies shows…