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2025 U.S. Industry Statistics & Market Forecast - Petroleum Refineries
Market Size & Industry Statistics
The total U.S. industry market size for Petroleum Refineries:
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 Petroleum Refineries industry include:- Increasing regulatory pressures on environmental standards
- Shift towards renewable and alternative energy sources
- Advancements in technology and efficiency
- Global supply chain disruptions
- Fluctuations in crude oil prices
- Growing demand for petrochemicals
- Geopolitical tensions affecting supply security
- Expansion in emerging markets
- Adoption of carbon capture and storage technologies
- Impact of electric vehicles on fuel demand
- Decarbonization and sustainability initiatives
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) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| 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 Petroleum Refineries 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 Petroleum Refineries industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Petroleum Refineries measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| 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. |
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| 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 | 8% | Order at top of page |
||
| Chief Executives | % | |||
| General and Operations Managers | % | |||
| Business and Financial Operations Occupations | 6% | |||
| Business Operations Specialists | 5% | |||
| Architecture and Engineering Occupations | 8% | |||
| Engineers | 7% | |||
| Office and Administrative Support Occupations | 6% | |||
| Construction and Extraction Occupations | 7% | |||
| Construction Trades Workers | 6% | |||
| Installation, Maintenance, and Repair Occupations | 8% | |||
| Other Installation, Maintenance, and Repair Occupations | 6% | |||
| Production Occupations | 39% | |||
| Supervisors of Production Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| Plant and System Operators | 17% | |||
| Miscellaneous Plant and System Operators | 17% | |||
| Petroleum Pump System Operators, Refinery Operators, and Gaugers | 14% | |||
| Other Production Occupations | 13% | |||
| Crushing, Grinding, Polishing, Mixing, and Blending Workers | 6% | |||
| Mixing and Blending Machine Setters, Operators, and Tenders | 5% | |||
| Transportation and Material Moving Occupations | 9% | |||
| Material Moving Workers | 5% | |||
Petroleum Refineries Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Petroleum Refineries 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 Petroleum Refineries 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 Petroleum Refineries industry. |
Source:
Latest Industry News
- Petrol stations run dry after oil refinery collapse - Petrol stations are running out of fuel after the collapse of one of Britain’s biggest oil refineries cut off vital supplies. (07/12/2025)
- NNPC: Sale of Nigeria’s Refineries Not Off the Table Amid Complex Repairs - NNPC says sale of refineries not off the table as rehabilitation faces setbacks due to misaligned imported technology and aging infrastructure. (07/12/2025)
- Concern over health effects of "drill baby drill" in oil country - Juan Flores, an environmental organizer, gives “toxic tours” in Galena Park, Texas. It sits in the shadow of the U.S.’s largest petrochemical complex. (07/11/2025)
- Power outage at Delaware County oil refinery causes strong odor throughout the area - Officials say a power outage at an oil refinery in Delaware County was behind the sulfur-like smell reported in neighboring communities Thursday and Friday. (07/11/2025)
- Bharat Petroleum plans to shut Bina refinery unit for 15-day maintenance in August - Bharat Petroleum Corporation Ltd (BPCL) will shut its Bina refinery's crude unit, which has a capacity of 156,000 barrels per day, for 15 days starting August 11 for maintenance. This shutdown will affect diesel production. (07/11/2025)
- Oil import licence: Court slates Sept 29 to hear Dangote Refinery’s suit against NNPC - A Federal High Court sitting in Abuja has slated September 29 to hear a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE against Nigeria National Petroleum Company Limited (NNPCL) (07/10/2025)
- Indian Oil to upgrade Panipat refinery's diesel unit for green jet fuel production - Indian Oil Corp plans to shut the diesel desulphuriser unit at its 300,000 barrel-per-day Panipat refinery for an upgrade aimed at producing sustainable aviation fuel (SAF) next year, Arvind Kumar, its head of refineries, (07/10/2025)
- UBS raises global oil refining margins outlook amid delays and closures - UBS announced a revised outlook on the global oil refining industry, anticipating a significant tightening of supply balances. (07/10/2025)
- UBS raises oil refining margin forecasts on project delays and closures - UBS incorporated a minor delay for India’s 180,000 barrels per day Barmer plant to early 2026 from the second half of 2025, while also accounting for the announced closure of the 170,000 barrels per day Benicia refinery in early 2026 and possible shutdown of the approximately 110,000 barrels per day Lindsey refinery in the UK. (07/10/2025)
- Hunt for owner of oil refinery that collapsed owing taxman £250m - Husband-and-wife duo Sanjeev and Arani Soosaipillai paid themselves £3.7m the year before the refinery’s collapse Authorities are hunting for the owner of an oil refinery that collapsed a week ago owing the taxman £250m. (07/09/2025)
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