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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.
Saudi Arabia is OPECâs (Organization of the Petroleum Exporting Countries) largest crude oil producer. It set a record by producing 10.3 MMbpd (million barrels per day) of crude oil in March 2015âcompared to its previous peak production of 10.2 MMbpd in August 2013.Bloomberg estimates suggest that Saudi Arabiaâs produced 10 MMbpd of crude oil in April 2015.OPEC produced 31.3 MMbpd in April 2015âcompared to the quota of 30 MMbpd. OPEC has produced more than the quota of 30 MMbpd for 11 months.Iraq is OPECâs second largest oil producer. It also produced 3.66 MMbpd and exported 3.077 MMbpd of crude oil in April 2015.PEC produced 31.3 MMbpd in April 2015âcompared to the quota of 30 MMbpd. OPEC has produced more than the quota of 30 MMbpd for 11 months. Iraq is OPECâs second largest oil producer.