Philippines Oil

Oil Reserves in the Philippines (2025)

See also: List of countries by Oil Reserves

the Philippines holds 138,500,000 barrels of proven oil reserves as of 2025, ranking #66 in the world and accounting for about 0.0078% of the world's total oil reserves of 1,765,151,568,000.

the Philippines has proven reserves equivalent to 0.8 times its annual consumption levels (based on 2024 data). This means that, without imports, there would be about 1 years of oil left (at 2024 consumption levels and excluding unproven reserves).

History of Oil Reserves in the Philippines

Oil Consumption in the Philippines (2024)

See also: List of countries by Oil Consumption

• the Philippines consumes 473,464 barrels per day (B/d) of oil as of the year 2024.
• the Philippines ranks #35 in the world for oil consumption, accounting for about 0.46% of the world's total consumption of 102,559,503 barrels per day.
• the Philippines consumes 0.17 gallons of oil per capita every day (based on the 2024 population of 115,843,670 people), or 63 gallons per capita per year (1 barrels). [1 barrel = 42 US Gallons]

Oil Production in the Philippines (2024)

See also: List of countries by Oil Production

• the Philippines produces 14,345 barrels per day of oil (as of 2024) ranking #83 in the world.
• At 2024 production levels, the Philippines produces every year about 3.78% of its proven reserves ( 2025).

Oil Imports (2018)

• In 2018, the Philippines imported 50% of its oil consumption (220,046 barrels per day out of 443,928 consumed).

History of Oil Consumption and Production