The use of the term in the popular media often excludes the national producers and OPEC oil companies who have a much greater global role in setting prices than the supermajors.
But yes, the USA does produce more oil than Saudi Arabia.
So if BP drills oil in Saudi Arabia and then sells it in, say, Egypt, do you think the UK makes money from that because the company has “British” in its name?
Lets look at the Big Oil companies https://en.wikipedia.org/wiki/Supermajor:
Which of these companies is Arabian, Persian, African or South American?
All i can see is US Americans and Europeans, predominantly Englishmen and their descendents.
They’re just listing western firms which aren’t controlled by governments/royalty
Are all big and what he’s talking about
The biggest oil producers in 2019 were:
https://www.offshore-technology.com/features/companies-by-oil-production/?cf-view
So one European with Rosneft and two US American with ExxonMobil and Chevron.
But yes, the USA does produce more oil than Saudi Arabia.
https://en.wikipedia.org/wiki/List_of_countries_by_oil_production
So if BP drills oil in Saudi Arabia and then sells it in, say, Egypt, do you think the UK makes money from that because the company has “British” in its name?