In 2020, the ratio of global oil reserves to production, measured in years, was 53.5. This means that at the current level of production, global oil reserves will last another approximate 54 years before being depleted.
Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years)
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BP. (July 8, 2021). Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years) [Graph]. In Statista. Retrieved June 10, 2024, from https://internal.statista.com/statistics/682098/oil-reserves-to-production-ratio-worldwide/
BP. "Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years)." Chart. July 8, 2021. Statista. Accessed June 10, 2024. https://internal.statista.com/statistics/682098/oil-reserves-to-production-ratio-worldwide/
BP. (2021). Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years). Statista. Statista Inc.. Accessed: June 10, 2024. https://internal.statista.com/statistics/682098/oil-reserves-to-production-ratio-worldwide/
BP. "Proved Oil Reserves to Production Ratio Worldwide from 1980 to 2020 (in Years)." Statista, Statista Inc., 8 Jul 2021, https://internal.statista.com/statistics/682098/oil-reserves-to-production-ratio-worldwide/
BP, Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years) Statista, https://internal.statista.com/statistics/682098/oil-reserves-to-production-ratio-worldwide/ (last visited June 10, 2024)
Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years) [Graph], BP, July 8, 2021. [Online]. Available: https://internal.statista.com/statistics/682098/oil-reserves-to-production-ratio-worldwide/