Global Oil & Gas Exploration & Production - Market Size (2005–2031)

B0531-GL Last Updated: November 2025

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Global Oil & Gas Exploration & Production Market Size in 2025
-7.3%

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 Global Oil & Gas Exploration & Production Market Size Growth in 2025
11.7%

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 Global Oil & Gas Exploration & Production Market Size CAGR 2020-2025

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 Global Oil & Gas Exploration & Production Market Size CAGR 2025-2030

Curious about what drives these trends? IBISWorld's Global Oil & Gas Exploration & Production Industry Report has got you covered.

Questions Clients Ask About This Industry

  • What was the market size of the Global Oil & Gas Exploration & Production in 2024?

    The market size of the Global Oil & Gas Exploration & Production was $4.4tr in 2024.

  • What was the growth rate of the Global Oil & Gas Exploration & Production in 2024?

    The market size of the Global Oil & Gas Exploration & Production decreased -7.1% in 2024.

  • What was the market size of the Global Oil & Gas Exploration & Production in 2025?

    The market size of the Global Oil & Gas Exploration & Production is $4.0tr in 2025.

  • What is the growth rate of the Global Oil & Gas Exploration & Production in 2025?

    The market size of the Global Oil & Gas Exploration & Production decreased -7.3% in 2025.

  • Has the Global Oil & Gas Exploration & Production grown or declined over the past 5 years?

    The market size of the Global Oil & Gas Exploration & Production has declined at a -7.1% CAGR between 2019 and 2024.

  • Is the Global Oil & Gas Exploration & Production expected to grow or decline over the next five years?

    See our full analysis of the Global Oil & Gas Exploration & Production to understand if the industry market size is expected to grow or decline over the next five years.

  • Has the Global Oil & Gas Exploration & Production grown or declined over the past 5 years?

    The market size of the Global Oil & Gas Exploration & Production has grown at a 11.7% CAGR between 2020 and 2025.

  • Is the Global Oil & Gas Exploration & Production expected to grow or decline over the next five years?

    See our full analysis of the Global Oil & Gas Exploration & Production to understand if the industry market size is expected to grow or decline over the next five years.

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