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2018 Market Analysis & Industry Outlook: Petroleum Refineries


Overview: the U.S. Petroleum Refineries Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


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.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

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.

U.S. map by state

Petroleum Refineries Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Petroleum Refineries companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

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 AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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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
 
Source: AnythingResearch Analysis of U.S. federal statistics




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 RatiosIndustry 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.
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 Petroleum Refineries measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry 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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry 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.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.



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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 5%
Architecture and Engineering Occupations 10%
Engineers 9%
Office and Administrative Support Occupations 7%
Construction and Extraction Occupations 6%
Construction Trades Workers 5%
Installation, Maintenance, and Repair Occupations 8%
Other Installation, Maintenance, and Repair Occupations 6%
Production Occupations 42%
Supervisors of Production Workers 7%
First-Line Supervisors of Production and Operating Workers 7%
First-Line Supervisors of Production and Operating Workers 7%
Plant and System Operators 20%
Miscellaneous Plant and System Operators 20%
Petroleum Pump System Operators, Refinery Operators, and Gaugers 18%
Other Production Occupations 12%
Transportation and Material Moving Occupations 7%
Source: Bureau of Labor Statistics


Petroleum Refineries Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Phillips 66 trademarks "PURE PERFORMANCE" - Base oils - 03/02/2018
  • Exxon Mobil trademarks "FLEXICOKING" - Providing technical assistance and support regarding the installation, operation, and maintenance of petrochemical equipment used for petroleum refining - 03/02/2018
  • Shell Oil patents Guidance Device And Method For Installing Flanges - 03/01/2018
  • Citgo Petroleum trademarks "FUELING GOOD. REBUILDING LIVES." - Charitable services - 02/27/2018
  • Conocophillips patents Degradable Pump In Shoe - 02/22/2018
  • Flint Hills Resources patents Processes For Recovering Products From A Corn Fermentation Mash - 02/15/2018
  • Cool Planet Energy Systems raises $30 million in funding. - 03/13/2017
  • Hollyfrontier Refining & Marketing raises $74 million in funding. - 12/15/2009
  • E Energy Adams raises $10 million in funding. - 10/07/2009




  • Top Innovators

    CompanyInnovation Score
    Shell Oil1226
    Conocophillips947
    BP Corporation North America177
    Exxon Mobil

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Oil markets cling to near 3-year highs on tighter U.S. market - Oil markets have generally been supported by a production cut ... U.S. gasoline stocks rose 4.1 million barrels, EIA data showed, more than expected, while Singapore average refinery profit margins have fallen below $6 per barrel this month ... (01/11/2018)
    • Obaseki, China Sinopec sign 5,500bpd Edo modular refinery deal - ... refinery is made up of Peiyang Chemical Equipment Company of China (PCC), a world leading modular refinery company; Sinopec International Petroleum Service Corporation (SIPS), a subsidiary of Sinopec, and African Infrastructure Partners (AIP), a ... (01/11/2018)
    • Oil group blasts Ryan Zinke's 'premature' decision to block drilling in eastern Gulf - That’s because it is close to existing pipelines and processing facilities in the western Gulf as well as refineries in Texas and Louisiana. Oil and gas production in the western Gulf, which accounts for almost all current U.S. offshore production ... (01/10/2018)
    • The Latest: Oil companies dispute climate lawsuit claims - FILE - In this Sept. 21, 2017 file photo, petroleum coke, the grainy black byproduct of refining Canadian tar sands oil, is visible at the BP Whiting refinery in East Chicago, Ind. New York City officials say they will begin the process of dumping about $5 ... (01/10/2018)
    • US crude inventory fall buoys oil, worries about rally persist - NEW YORK, Jan 10 (Reuters) - Crude oil prices rose but backed away from multi-year highs on Wednesday after U.S. government data showed an increase in fuel inventories and a falloff in refining activity. Continue Reading Below U.S. crude inventories fell 4 ... (01/10/2018)
    • Global insulating oil industry examined in new market research report - Engen Petroleum, Valvoline (Ashland), Zibo Qinrun, San Joaquin Refining, Gandhar Oil Refinery and more are profiled in the terms of Company Profile, Product Picture, Specifications, Sales, Ex-Factory Price, Revenue, Gross Margin Analysis, etc. Global ... (01/10/2018)
    • PetroChina's Dalian refinery nearly doubles Russian pipeline oil supply - source - BEIJING (Reuters) - PetroChina (0857.HK) has nearly doubled the amount of Russian crude being processed at its refinery in Dalian, the company’s biggest, since January, as a new supply agreement has come into effect, a senior industry source with direct ... (01/10/2018)
    • Oil prices hit highest since 2014, but analysts warn of overheated market - In Asia, the world’s biggest oil consuming region, refiners are suffering from high prices and ample fuel supplies. “One area of concern, particularly in Asia, is that of (low) refining margins ... This drop in margins could reduce Asian refiners ... (01/10/2018)
    • Oil Refinery Stocks Are Up 30% - 2017 was a fantastic year for oil refiners. Many of the large- and mid-cap U.S. refiners, including Marathon Petroleum (NYSE: MPC), Valero Energy (NYSE: VLO), and Andeavor (NYSE: ANDV), saw their shares rise more than 30%. Some stocks, like HollyFrontier ... (01/09/2018)
    • Shadows picked up by satellites suggest Saudi Arabia underreported its oil stores last year - Satellite images of two major oil refineries in Saudi Arabia suggest reserves may have been higher than reported. Satellite technology allows the levels of oil in tanks to be estimated according to the shadows cast by their floating roofs. Saudi Arabia ... (01/08/2018)


    Government Contracts

    In 2016, the federal government spent a total of $666,784,339 on Petroleum Refineries. It has awarded 25,918 contracts to 590 companies, with an average value of $1,130,143 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount





    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Lubricating oils and greases made in petroleum refineries, Refinery gases made in petroleum refineries, Petroleum jelly made in petroleum refineries, Petrochemicals made in petroleum refineries, Tar made in petroleum refineries, Naphthenic acids made in petroleum refineries, Petroleum lubricating oils made in petroleum refineries, Crude oil refining, Petrochemical feedstocks made in petroleum refineries, Alkylates made in petroleum refineries, Cyclic aromatic hydrocarbons made in petroleum refineries, Propane gases made in petroleum refineries, Petroleum cracking and reforming, Propylene (i.e., propene) made in petroleum refineries, Petroleum refineries, Acid oils made in petroleum refineries, Petroleum distillation, Asphalt paving mixtures made in petroleum refineries, Gasoline made in petroleum refineries, Cumene made in petroleum refineries, Benzene made in petroleum refineries, Aliphatic chemicals (i.e., acyclic) made in petroleum refineries, Waxes, petroleum, made in petroleum refineries, Kerosene manufacturing, Liquefied petroleum gas (LPG) made in refineries, Fuels, jet, manufacturing, Ethylene made in petroleum refineries, Oil additives made in petroleum refineries, Aviation fuels manufacturing, Styrene made in petroleum refineries, Oil (i.e., petroleum) refineries, Coke, Butylene (i.e., butene) made in petroleum refineries, Heating oils made in petroleum refineries, Solvents made in petroleum refineries, Naphtha made in petroleum refineries, Petroleum coke made in petroleum refineries, Toluene made in petroleum refineries, Road oils made in petroleum refineries, Hydraulic fluids made in petroleum refineries, Refineries, Asphalt and asphaltic materials made in petroleum refineries, Diesel fuels made in petroleum refineries, Still gases made in petroleum refineries, Oils, fuel, Jet fuels manufacturing, Crude petroleum refineries, Paraffin waxes made in petroleum refineries, Xylene made in petroleum refineries, Fuel oils manufacturing, etc.



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