Crude Petroleum & Natural Gas Extraction Industry - Market Size, Trends, and Growth - 2025-2030
Market Size and Industry Forecast
This research report analyzes the market size and trends in the Crude Petroleum and Natural Gas Extraction industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
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| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
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Market Size (Total Revenue) | Included in Report |
% Growth Rate |
Number of Companies |
Total Employees |
Average Revenue per Company |
Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)

Industry Forecast ($ Billions)

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Crude Petroleum & Natural Gas Extraction companies in the United States.
Crude Petroleum & Natural Gas Extraction Revenue by State

Distribution by Company Size
Company Size | All Industries | Crude Petroleum & Natural Gas Extraction |
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Small Business (< 5 Employees) | Included |
Small Business (5 - 20) |
Midsized Business (20 - 100) |
Large Business (100 - 500) |
Enterprise (> 500) |
Crude Petroleum & Natural Gas Extraction Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
---|
Total Revenue | Included |
Operating Revenue |
Cost of Goods Sold (COGS) |
Gross Profit |
Operating Expenses |
Operating Income |
Non-Operating Income |
Earnings Before Interest and Taxes (EBIT) |
Interest Expense |
Earnings Before Taxes |
Income Tax |
Net Profit |
Average Income Statement

Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
Financial Ratio | Industry Average |
---|
Profitability Ratios | Included |
Profit Margin |
ROE |
ROA |
Liquidity Ratios |
Current Ratio |
Quick Ratio |
Activity Ratios |
Average Collection Period |
Asset Turnover Ratio |
Receivables Turnover Ratio |
Inventory Conversion Ratio |
Salary information for employees working in the Crude Petroleum & Natural Gas Extraction industry.
Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
---|
Management Occupations | 10% | Included |
Chief Executives | 0% |
General and Operations Managers | 3% |
Business and Financial Operations Occupations | 13% |
Business Operations Specialists | 6% |
Financial Specialists | 7% |
Accountants and Auditors | 6% |
Accountants and Auditors | 6% |
Architecture and Engineering Occupations | 12% |
Engineers | 10% |
Petroleum Engineers | 7% |
Petroleum Engineers | 7% |
Life, Physical, and Social Science Occupations | 6% |
Office and Administrative Support Occupations | 12% |
Construction and Extraction Occupations | 16% |
Extraction Workers | 12% |
Derrick, Rotary Drill, and Service Unit Operators, Oil, Gas, and Mining | 7% |
Production Occupations | 6% |
Transportation and Material Moving Occupations | 10% |
Material Moving Workers | 8% |
Pumping Station Operators | 7% |
Wellhead Pumpers | 6% |
Government Contracts
The federal government spent an annual total of
$31,601,995 on the crude petroleum & natural gas extraction industry. It has awarded 299 contracts to 24 companies, with an average value of $1,316,750 per company.
Top Companies in Crude Petroleum & Natural Gas Extraction and Adjacent Industries
Company | Address | Revenue ($ Millions) |
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Included |