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Source: CNN Money. Exxon is the second largest company in the US as far as revenues go. However, its revenues have dropped by more than 7 percent from the previous year along with decreased oil production and increasing exploration expenditures.
Worldwide Oil Production. While just about every country in the world depends on oil, not all countries produce it. The top five oil producing countries are: Saudi Arabia, Russia, United States, Iran, and China. It is important to note that the term production here refers to crude oil extracted from oil reserves.