Industry Statistics and Rankings
How does this industry perform in Hungary compared to Europe?
Country Benchmarking
Industry Data Hungary
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#23 In EuropeBusiness
#14 In EuropeEmployees
#25 In EuropeWages
#24 In EuropeThe Crude Petroleum Extraction industry in Europe can be volatile. Its performance largely hinges on global oil demand and prices, which in turn are impacted by geopolitical conditions and global economic activity. Most of Europe relies on imports for its crude oil and refined fuels, often from geopolitically unstable regions. Only Russia can count itself among the world’s largest oil producers, while Norway and the UK are the main beneficiaries of oil reserves in the North Sea. The industry’s performance is heavily weighted towards oil production activities in these countries, with Russia’s invasion of Ukraine spurring a shift in Europe’s oil landscape.
Enterprises
Number of businesses in 2024
Biggest companies in the Crude Petroleum Extraction in Hungary
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
OMV AG | 62,456.2 | 4,746.7 | 7.6 | |
BP plc | 178,828.9 | 11,075.0 | 6.2 | |
Eni SpA | 128,440.1 | 13,615.0 | 10.6 |
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Top Questions Answered in this Report
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What is the market size of the Crude Petroleum Extraction industry in Hungary in 2024?
The market size of the Crude Petroleum Extraction industry in Hungary is €5.8m in 2024.
How many businesses are there in the Crude Petroleum Extraction in Hungary industry in 2024?
There are 3 businesses in the Crude Petroleum Extraction industry in Hungary, which has declined at a CAGR of 3.5 % between 2019 and 2024.
Has the Crude Petroleum Extraction industry in Hungary grown or declined over the past 5 years?
The market size of the Crude Petroleum Extraction industry in Hungary has been growing at a CAGR of 46.2 % between 2019 and 2024.
What is the forecast growth of the Crude Petroleum Extraction industry in Hungary over the next 5 years?
Over the next five years, the Crude Petroleum Extraction industry in Hungary is expected to grow.
What are the biggest companies in the Crude Petroleum Extraction market in Hungary?
The biggest companies operating in the Crude Petroleum Extraction market in Hungary are OMV AG, BP plc and Eni SpA
What does the Crude Petroleum Extraction in Hungary include?
Onshore Crude Oil and Offshore Crude Oil are part of the Crude Petroleum Extraction industry.
Which companies have the highest market share in the Crude Petroleum Extraction in Hungary?
The company holding the most market share in Hungary is OMV AG.
How competitive is the Crude Petroleum Extraction industry in Hungary?
The level of competition is moderate and steady in the Crude Petroleum Extraction industry in Hungary.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Hard Coal Mining in Hungary
Complementors
- Crude Petroleum Extraction in Hungary
- Petroleum & Natural Gas Support Services in Hungary
Table of Contents
About this industry
Industry definition
Companies in this industry extract natural gas from onshore and offshore fields. The industry also covers the extraction of bituminous or oil shale and tar sand.
Related Terms
WINDFALL TAXHYDROCARBONPETROLEUM REFININGWhat's included in this industry?
Onshore Crude OilOffshore Crude OilCompanies
OMV AGBP plcEni SpAIndustry Code
061 - Extraction of crude petroleum in Hungary
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Performance
Revenue Highlights
Trends
- Revenue
- Current Year Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Crude Petroleum Extraction in Hungary industry?
Outlook
Analysis
What's driving the Crude Petroleum Extraction in Hungary industry outlook?
Volatility
Analysis
What influences volatility in the Crude Petroleum Extraction in Hungary industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Crude Petroleum Extraction in Hungary industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Demand for oil remains resolute from hard-to-abate sectors. Although decarbonisation efforts have eaten into oil consumption, sectors like transport and heavy industry have so far proved difficult to decarbonise.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Crude Petroleum Extraction in Hungary industry's products and services performing?
Analysis
What are innovations in the Crude Petroleum Extraction in Hungary industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Crude Petroleum Extraction in Hungary industry?
International Trade
Highlights
- Total Imports into Hungary
- Total Exports into Hungary
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Partnerships on oil fields maintain a degree of fragmentation. Although limited oil reserves breed dominance of a few large multinationals and state-owned corporations, the prevalence of joint ventures ensures some involvement for small companies.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Crude Petroleum Extraction in Hungary located?
Companies
Data Tables
Top 3 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Strict environmental and safety directives govern oil exploration and production. Oil companies must demonstrate technical expertise, financial strength, and robust safety measures before starting exploration or production.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Crude Petroleum Extraction in Hungary industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Oil prices rocketed in 2022, boosting oil companies' profits. The jump in oil prices, triggered by increased demand and geopolitical instability, spurred record cash flows among oil companies.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Crude Petroleum Extraction in Hungary industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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