Industry Description
This industry comprises establishments primarily engaged in refining crude petroleum into refined petroleum. Petroleum refining involves one or more of the following activities: (1) fractionation; (2) straight distillation of crude oil; and (3) cracking.
Cross-References. Establishments primarily engaged in--
Business Examples
Common types of business activities within NAICS 324110 - Petroleum Refineries are:
- Propane gases made in petroleum refineries
- Oils, fuel, manufacturing
- Crude petroleum refineries
- Asphalt and asphaltic materials made in petroleum refineries
- Naphtha made in petroleum refineries
- Oil additives made in petroleum refineries
- Refinery gases made in petroleum refineries
- Xylene made in petroleum refineries
- Diesel fuels made in petroleum refineries
- Jet fuels manufacturing
- Butylene (i.e., butene) made in petroleum refineries
- Lubricating oils and greases made in petroleum refineries
- Paraffin waxes made in petroleum refineries
- Asphalt paving mixtures made in petroleum refineries
- Heating oils made in petroleum refineries
- Styrene made in petroleum refineries
- Petroleum cracking and reforming
- Benzene made in petroleum refineries
- Petroleum refineries
- Ethylene made in petroleum refineries
- Hydraulic fluids made in petroleum refineries
- Petrochemicals made in petroleum refineries
- Liquefied petroleum gas (LPG) made in refineries
- Kerosene manufacturing
- Petroleum jelly made in petroleum refineries
- Refineries, petroleum
- Tar made in petroleum refineries
- Road oils made in petroleum refineries
- Petroleum lubricating oils made in petroleum refineries
- Alkylates made in petroleum refineries
- Crude oil refining
- Gasoline made in petroleum refineries
- Coke, petroleum, made in petroleum refineries
- Toluene made in petroleum refineries
- Petroleum distillation
- Still gases made in petroleum refineries
- Propylene (i.e., propene) made in petroleum refineries
- Oil (i.e., petroleum) refineries
- Petroleum coke made in petroleum refineries
- Cumene made in petroleum refineries
- Solvents made in petroleum refineries
- Waxes, petroleum, made in petroleum refineries
- Cyclic aromatic hydrocarbons made in petroleum refineries
- Acid oils made in petroleum refineries
- Aviation fuels manufacturing
- Fuels, jet, manufacturing
- Naphthenic acids made in petroleum refineries
- Biodiesel fuels made in petroleum refineries
- Aliphatic chemicals (i.e., acyclic) made in petroleum refineries
- Petrochemical feedstocks made in petroleum refineries
- Fuel oils manufacturing
IBISWorld Industry Research Report
Petroleum Refining in the US (32411)
Revenue 2025
$798.3bn
Growth 2025
-4.88%
Key Trends
Industry performance will be highly reliant on the severity of price fluctuations for crude oil
The COVID-19 outbreak significantly impacted revenue in 2019 and 2020
Demand for crude oil, especially from emerging economies, will pick up
Products and Services
Similar Industries
For some business types, there may be a similar industry to 324110 - Petroleum Refineries that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Recovering natural gasoline and/or liquid hydrocarbons from oil and gas field gases--are classified in Industry 211130, Natural Gas Extraction;
IBISWorld industry research report
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NAICS Cross Reference
Manufacturing paper mats and felts and saturating them with asphalt or tar into rolls and sheets--are classified in U.S. Industry 322121, Paper (except Newsprint) Mills;
IBISWorld industry research report
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NAICS Cross Reference
Manufacturing asphalt paving, roofing, and saturated materials from refined petroleum--are classified in Industry 32412, Asphalt Paving, Roofing, and Saturated Materials Manufacturing;
IBISWorld industry research report
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NAICS Cross Reference
Blending or compounding refined petroleum to make lubricating oils and greases and/or re-refining used petroleum lubricating oils--are classified in U.S. Industry 324191, Petroleum Lubricating Oil and Grease Manufacturing;
IBISWorld industry research report
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NAICS Cross Reference
Blending purchased biodiesel fuels and purchased refined petroleum--are classified in U.S. Industry 324199, All Other Petroleum and Coal Products Manufacturing;
IBISWorld industry research report
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NAICS Cross Reference
Manufacturing coke oven products in coke oven establishments--are classified in U.S. Industry 324199, All Other Petroleum and Coal Products Manufacturing.
IBISWorld industry research report
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NAICS Cross Reference
Manufacturing acyclic and cyclic aromatic hydrocarbons (i.e., petrochemicals) from refined petroleum or liquid hydrocarbons--are classified in Industry 325110, Petrochemical Manufacturing;
IBISWorld industry research report
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NAICS Cross Reference
Manufacturing cyclic and acyclic chemicals (except petrochemicals)--are classified in Industry 32519, Other Basic Organic Chemical Manufacturing;
IBISWorld industry research report
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NAICS Cross Reference
Converting nonpetroleum materials into biodiesel fuels--are classified in U.S. Industry 325199, All Other Basic Organic Chemical Manufacturing;
IBISWorld industry research report
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NAICS Cross Reference
Manufacturing synthetic lubricating oils and greases--are classified in U.S. Industry 325998, All Other Miscellaneous Chemical Product and Preparation Manufacturing;
IBISWorld industry research report
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NAICS Cross Reference
Manufacturing coke oven products in steel mills--are classified in Industry 331110, Iron and Steel Mills and Ferroalloy Manufacturing; and
IBISWorld industry research report
NAICS Hierarchy 324110 - Petroleum Refineries
NAICS Code 324110 - Petroleum Refineries sits in the 2-digit Petroleum Refineries sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 31-33
Sector Title: Manufacturing
3 Digits 4 Digits 5 Digits 6 Digits
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3211 Sawmills and Wood Preservation
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32111 Sawmills and Wood Preservation
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3212 Veneer, Plywood, and Engineered Wood Product Manufacturing
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32121 Veneer, Plywood, and Engineered Wood Product Manufacturing
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3219 Other Wood Product Manufacturing
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32191 Millwork
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32192 Wood Container and Pallet Manufacturing
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32199 All Other Wood Product Manufacturing
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3221 Pulp, Paper, and Paperboard Mills
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32211 Pulp Mills
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32212 Paper Mills
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32213 Paperboard Mills
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3222 Converted Paper Product Manufacturing
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32221 Paperboard Container Manufacturing
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32222 Paper Bag and Coated and Treated Paper Manufacturing
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32223 Stationery Product Manufacturing
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32229 Other Converted Paper Product Manufacturing
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3231 Printing and Related Support Activities
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32311 Printing
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32312 Support Activities for Printing
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3241 Petroleum and Coal Products Manufacturing
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32411 Petroleum Refineries
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32412 Asphalt Paving, Roofing, and Saturated Materials Manufacturing
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32419 Other Petroleum and Coal Products Manufacturing
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3251 Basic Chemical Manufacturing
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32511 Petrochemical Manufacturing
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32512 Industrial Gas Manufacturing
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32513 Synthetic Dye and Pigment Manufacturing
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32518 Other Basic Inorganic Chemical Manufacturing
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32519 Other Basic Organic Chemical Manufacturing
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3252 Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing
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32521 Resin and Synthetic Rubber Manufacturing
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32522 Artificial and Synthetic Fibers and Filaments Manufacturing
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3253 Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing
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32531 Fertilizer Manufacturing
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32532 Pesticide and Other Agricultural Chemical Manufacturing
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3254 Pharmaceutical and Medicine Manufacturing
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32541 Pharmaceutical and Medicine Manufacturing
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3255 Paint, Coating, and Adhesive Manufacturing
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32551 Paint and Coating Manufacturing
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32552 Adhesive Manufacturing
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3256 Soap, Cleaning Compound, and Toilet Preparation Manufacturing
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32561 Soap and Cleaning Compound Manufacturing
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32562 Toilet Preparation Manufacturing
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3259 Other Chemical Product and Preparation Manufacturing
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32591 Printing Ink Manufacturing
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32592 Explosives Manufacturing
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32599 All Other Chemical Product and Preparation Manufacturing
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3261 Plastics Product Manufacturing
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32611 Plastics Packaging Materials and Unlaminated Film and Sheet Manufacturing
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32612 Plastics Pipe, Pipe Fitting, and Unlaminated Profile Shape Manufacturing
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32613 Laminated Plastics Plate, Sheet (except Packaging), and Shape Manufacturing
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32614 Polystyrene Foam Product Manufacturing
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32615 Urethane and Other Foam Product (except Polystyrene) Manufacturing
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32616 Plastics Bottle Manufacturing
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32619 Other Plastics Product Manufacturing
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3262 Rubber Product Manufacturing
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32621 Tire Manufacturing
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32622 Rubber and Plastics Hoses and Belting Manufacturing
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32629 Other Rubber Product Manufacturing
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3271 Clay Product and Refractory Manufacturing
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32711 Pottery, Ceramics, and Plumbing Fixture Manufacturing
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32712 Clay Building Material and Refractories Manufacturing
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3272 Glass and Glass Product Manufacturing
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3273 Cement and Concrete Product Manufacturing
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32731 Cement Manufacturing
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32732 Ready-Mix Concrete Manufacturing
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32733 Concrete Pipe, Brick, and Block Manufacturing
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32739 Other Concrete Product Manufacturing
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3274 Lime and Gypsum Product Manufacturing
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32741 Lime Manufacturing
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32742 Gypsum Product Manufacturing
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3279 Other Nonmetallic Mineral Product Manufacturing
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32791 Abrasive Product Manufacturing
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32799 All Other Nonmetallic Mineral Product Manufacturing
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NAICS Resources
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