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2025 U.S. Industry Statistics & Market Forecast - Oil and Gas Extraction
Market Size & Industry Statistics
The total U.S. industry market size for Oil and Gas Extraction:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Oil and Gas Extraction industry include:- Increased investment in renewable energy
- Fluctuating oil prices
- Advancements in drilling technologies
- Stricter environmental regulations
- Geopolitical tensions impacting supply chains
- Decline in oil demand post-pandemic
- Digital transformation and IoT integration
- Pressure from investors for sustainable practices
- Emergence of electric vehicles
- Expanding adoption of natural gas and LNG
- Innovations in offshore drilling technology
- Competitive pressure from alternative energy sources
- Increased focus on cost reduction and efficiency improvement
- Growing importance of cybersecurity in operations
- Shift towards long-term contracts and partnerships
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Oil and Gas Extraction company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Oil and Gas Extraction industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Oil and Gas Extraction measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 14% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| Business and Financial Operations Occupations | 10% | |||
| Financial Specialists | 5% | |||
| Architecture and Engineering Occupations | 11% | |||
| Engineers | 9% | |||
| Petroleum Engineers | 5% | |||
| Petroleum Engineers | 5% | |||
| Office and Administrative Support Occupations | 9% | |||
| Construction and Extraction Occupations | 20% | |||
| Extraction Workers | 15% | |||
| Installation, Maintenance, and Repair Occupations | 7% | |||
| Production Occupations | 7% | |||
| Transportation and Material Moving Occupations | 13% | |||
| Material Moving Workers | 11% | |||
| Pumping Station Operators | 11% | |||
| Wellhead Pumpers | 9% | |||
Oil and Gas Extraction Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Oil and Gas Extraction industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Oil and Gas Extraction industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Oil and Gas Extraction industry. |
Source:
Latest Industry News
- Biden Ends Presidency How He Started It: Halting Oil Production - With two weeks left in office, President Joe Biden is ending his presidency the same way he started it: halting oil production. On Monday, he announced a (01/07/2025)
- Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term - U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision President-elect Donald Trump, who has vowed to boost domestic energy production, may find difficult to reverse. (01/06/2025)
- Canada's Suncor says oil and gas production rose in fourth quarter - Canadian oil and gas company Suncor said on Monday it saw higher upstream production and throughput at its refineries in the fourth quarter. The Calgary, Alberta-based company's upstream quarterly production rose to 874, (01/06/2025)
- Biden bans new oil, gas drilling off most US coasts as Trump vows to 'unban' immediately - Donald Trump said he will work to immediately reverse President Biden's action to protect 625 million acres from offshore oil and gas drilling. (01/06/2025)
- 3 oil and gas investments that bring big tax savings - Wealthy clients and other accredited investors should consider drilling deductions, opportunity zones and 1031 exchanges in 2025, an expert says. (01/06/2025)
- Biden bans oil and gas drilling off N.J. coast as Trump readies to take office - The ban on future oil and natural gas leasing would apply to the entire U.S. East Coast and other federal waters. (01/06/2025)
- Libya's NOC subsidiary launches oil, gas production at Chadar field - Libya's National Oil Corporation (NOC) said on Monday that subsidiary Zallaf for Oil and Gas Co. had started production at the Chadar field with more than 7.5 million cubic feet of associated gas per day and 1, (01/06/2025)
- Biden blocks further oil and gas drilling in US waters - Shortly before the end of his term in office this month, US President Joe Biden is pushing through far-reaching protection of US waters from further oil and gas extraction. The two "presidential memoranda" issued on Monday exempt all areas of the outer continental shelf off the east and west coasts of the country, (01/06/2025)
- Prabowo’s plan to boost oil and gas production faces major hurdles - Prabowo aims to limit Indonesia’s dependence on imported fuel by offering dozens of new oil and gas blocks to investors in the coming years. (01/06/2025)
- Eni Raises Oil and Gas Production Offshore Cote d’Ivoire - Eni successfully launched Phase 2 of its Baleine oil and gas development offshore Cote d'Ivoire, significantly increasing production and solidifying its presence in the region's energy sector. (12/30/2024)
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