Oil reserves in Philippines
Philippines: Oil reserves was 22.02 million cubic meters in 2021. ◆ Volatile
Oil reserves in Philippines, 1980–2021
Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.
Analysis
The most recent figure for oil reserves in Philippines is 22.02 million cubic meters, measured in 2021.
That represents a change of unchanged over ten years.
Over the whole period, oil reserves in Philippines peaked at 45.95 million cubic meters in 2000 and was at its lowest, 2.38 million cubic meters, in 1990.
That places Philippines 66th out of 216 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Oil reserves in Philippines, year by year
| Year | cubic meters | Change |
|---|---|---|
| 1980 | 3.97 million cubic meters | — |
| 1981 | 3.18 million cubic meters | -20.0% |
| 1982 | 3.66 million cubic meters | +15.0% |
| 1983 | 5.66 million cubic meters | +54.8% |
| 1984 | 2.59 million cubic meters | -54.2% |
| 1985 | 2.59 million cubic meters | +0.0% |
| 1986 | 2.59 million cubic meters | +0.0% |
| 1987 | 2.69 million cubic meters | +3.7% |
| 1988 | 2.54 million cubic meters | -5.3% |
| 1989 | 2.51 million cubic meters | -1.3% |
| 1990 | 2.38 million cubic meters | -5.1% |
| 1991 | 6.15 million cubic meters | +157.9% |
| 1992 | 6.04 million cubic meters | -1.8% |
| 1993 | 23.46 million cubic meters | +288.3% |
| 1994 | 44.36 million cubic meters | +89.1% |
| 1995 | 38.00 million cubic meters | -14.3% |
| 1996 | 34.36 million cubic meters | -9.6% |
| 1997 | 33.86 million cubic meters | -1.4% |
| 1998 | 33.82 million cubic meters | -0.1% |
| 1999 | 36.25 million cubic meters | +7.2% |
| 2000 | 45.95 million cubic meters | +26.8% |
| 2001 | 45.95 million cubic meters | +0.0% |
| 2002 | 28.31 million cubic meters | -38.4% |
| 2003 | 24.17 million cubic meters | -14.6% |
| 2004 | 24.17 million cubic meters | +0.0% |
| 2005 | 24.17 million cubic meters | +0.0% |
| 2006 | 22.02 million cubic meters | -8.9% |
| 2007 | 22.02 million cubic meters | +0.0% |
| 2008 | 22.02 million cubic meters | +0.0% |
| 2009 | 22.02 million cubic meters | +0.0% |
| 2010 | 22.02 million cubic meters | +0.0% |
| 2011 | 22.02 million cubic meters | +0.0% |
| 2012 | 22.02 million cubic meters | +0.0% |
| 2013 | 22.02 million cubic meters | +0.0% |
| 2014 | 22.02 million cubic meters | +0.0% |
| 2015 | 22.02 million cubic meters | +0.0% |
| 2016 | 22.02 million cubic meters | +0.0% |
| 2017 | 22.02 million cubic meters | +0.0% |
| 2018 | 22.02 million cubic meters | +0.0% |
| 2019 | 22.02 million cubic meters | +0.0% |
| 2020 | 22.02 million cubic meters | +0.0% |
| 2021 | 22.02 million cubic meters | +0.0% |
Philippines compared with similar countries
- Philippines's 22.02 million cubic meters is above the median for upper middle income countries, which is 13.69 million cubic meters, 1.6× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Oil reserves in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +288.3% | 6.04 million cubic meters | 23.46 million cubic meters |
| 1991 | +157.9% | 2.38 million cubic meters | 6.15 million cubic meters |
| 1994 | +89.1% | 23.46 million cubic meters | 44.36 million cubic meters |
| 1983 | +54.8% | 3.66 million cubic meters | 5.66 million cubic meters |
| 1984 | -54.2% | 5.66 million cubic meters | 2.59 million cubic meters |
| 2002 | -38.4% | 45.95 million cubic meters | 28.31 million cubic meters |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.20 million cubic meters | 2.51 million cubic meters | 5.66 million cubic meters | 10 |
| 1990s | 25.87 million cubic meters | 2.38 million cubic meters | 44.36 million cubic meters | 10 |
| 2000s | 28.08 million cubic meters | 22.02 million cubic meters | 45.95 million cubic meters | 10 |
| 2010s | 22.02 million cubic meters | 22.02 million cubic meters | 22.02 million cubic meters | 10 |
| 2020s | 22.02 million cubic meters | 22.02 million cubic meters | 22.02 million cubic meters | 2 |
Countries ranked near Philippines
More energy & mining data for Philippines
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -2.03 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 15.0% (2024)
Frequently asked questions
- What is oil reserves in Philippines?
- Oil reserves in Philippines was 22.02 million cubic meters in 2021, according to U.S. Energy Information Administration (2022) – with major processing by Our World in Data.
- What is the highest oil reserves recorded in Philippines?
- The highest recorded value was 45.95 million cubic meters in 2000.
- What is the lowest oil reserves recorded in Philippines?
- The lowest recorded value was 2.38 million cubic meters in 1990.
- How does Philippines rank for oil reserves?
- Philippines ranks 66th out of 216 countries with data for 2021.
- Is oil reserves rising or falling in Philippines?
- Over the last ten years it is unchanged. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from U.S. Energy Information Administration (2022) – with major processing by Our World in Data, published as part of Oil reserves. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Proved reserves, measured in cubic meters, are generally those quantities that can be recovered in the future from known reservoirs under existing economic and operating conditions, according to geological and engineering information. Includes crude oil and lease condensate.