Industry Analysis & Industry Trends
After a period of major highs and lows, industry revenue will climb upward as demand recovers. Refiners will increase their facilities' capacity to handle more crude oil as output rises. On the other hand, petroleum refineries will have to contend with government regulations designed to increase the use of renewable and environmentally friendly fuels. These regulations will limit revenue growth in the years to come... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Petroleum Refining industry has a moderate level of market share concentration, with the four largest companies accounting for an estimated 56.6% of industry revenue in 2013. Due to the high capital costs required to maintain refining facilities, large companies dominate the industry. According to US Census data, 78.7% of industry enterprises have fewer than 500 employees. However, these companies account for only 6.6% of total employment. Large petroleum companies that have more than 500 employees are responsible 93.4% of industry employment.
In the past five years, operators divested assets to pad profit margins during the recession, causing market share concentration to fall during the period... purchase to read more