ExxonMobil is the leader in oil production in the US.
Which major US oil company produced the most oil in the third quarter of 2026? ExxonMobil took first place with production of 4.496 million barrels of oil equivalent per day, followed by Chevron with 3.980 million barrels of oil equivalent per day and ConocoPhillips with 2.302 million barrels of oil equivalent per day.
In its earnings report for the third quarter of 2026, Exxon emphasized that it achieved its overall production targets during the period. Oil and gas profits so far totaled $20.7 billion, compared to $17.8 billion in the same period last year.
Chevron reported that production volumes in the third quarter of 2026 were lower than in the corresponding period last year, "mainly due to lower supply volumes due to rising prices and the effects of the conflict in the Middle East." Production in the US increased by 27% from last year. Its oil and gas profits totaled $17.7 billion year to date, compared to $9.7 billion in the corresponding period in 2025.
ConocoPhillips stated that production in the continental United States amounted to 1.5 million barrels of oil equivalent per day. Total production in the third quarter of 2026 was 2.3 million barrels of oil equivalent per day, a decrease of 97,000 barrels of oil equivalent per day compared to the corresponding period last year. The profit in the third quarter of 2026 was $4.0 billion. By comparison, earnings in the third quarter of 2025 were $1.7 billion, an increase in earnings compared to the third quarter of 2025 "primarily due to higher pricing, partially offset by lower volumes."