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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
- New Reforms Make Oil And Gas Exploration In India ‘Easier, Faster, More Profitable’: Hardeep Puri - The government believes that these changes to increase the ease of doing business for our exploration and production (E&P) operators are being made after stakeholder consultation at every level. (07/08/2025)
- Oil & gas production soars at OGDCL’s Rajian oilfield in Punjab - In a move towards enhancing oil and gas production, Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest E&P, has significantly increased output at its Rajian-05 well in Punjab following the successful installation of an Electrical Submersible Pump (ESP). (07/08/2025)
- Texas Supreme Court rules oil and gas producers hold rights to produced water - The June 27 rule would allow drillers the potential to commercialize produced water. Days later, the Court granted a motion filed by Cactus Water Services for extension of (07/08/2025)
- US proposes rules that could boost oil, gas output in US West - The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which could save the industry as much as $1. (07/07/2025)
- Oil And Gas Q1 Results Preview: How Reliance, BPCL, IOC, other OMCs may perform amid volatile crude oil prices? - Oil marketing companies like RIL, Indian Oil are anticipated to perform well, buoyed by robust refining margins and expected tariff increases for gas companies. The brokerage expects GAIL, ONGC to report declines in earnings due to lower demand and production issues. (07/07/2025)
- Report: New Mexico oil spills have decreased despite increased production - Industry operators in New Mexico reported 114,546 drilling-related liquid spills last year, adding up to 4.8 million gallons. (07/06/2025)
- OPEC+ to boost oil production by 548,000 barrels per day in August - NEW YORK (AP) — Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year. (07/05/2025)
- U.S. oil and gas activity slumped in Q2, Dallas Fed says, pointing to higher steel tariffs - U.S. oil and gas activity contracted in Q2, the latest energy survey from the Federal Reserve Bank of Dallas said, revealing uncertainty among exploration and production companies. (07/03/2025)
- Senate bolsters oil and gas lease sales; environmentalists say it locks up public lands - Environmental organizations have described the provisions as paving the way for corporations to restrict 200 million acres of public land, an area larger than the state of Montana. (07/03/2025)
- Russia plans gas extraction in Sea of Azov, Ukrainian officials warn - According to the Berdiansk Municipal Military Administration, Russia's Federal Subsoil Resources Agency (Rosnedra) has announced plans to explore and possibly develop gas fields such as the Morske, Pivnichno-Kazantypske, (07/02/2025)
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