Striking rich: Emerging economies have driven demand for energy

Recent drops in the price of oil and gas have largely driven the Global Oil and Gas Exploration and Production industry's contraction over the past five years. Although the price of crude oil fell before 2015, the decline was minimal compared to the drops experienced in 2015 and 2016. Though rapid industrialization of countries like China and India boosted demand for petroleum products, high levels of production continue to pressure prices for crude oil around the globe. Industry revenue is expected to trend higher over the next five years; however, it will continue to face downward pressure. US production levels will continue to be strong, and the removed export restrictions could further encourage upstream companies to produce at strong levels in the United States...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • Tension in the Middle East will continue to put a strain on supply, leading to higher prices
  • Industry Report - Industry SWOT Analysis Chapter

    The Global Oil and Gas Exploration and Production industry is in a mature stage of its life cycle. Over the 10 years to 2022, industry value added, which measures the industry's contribution to the global economy, is projected to fall an annualized 1.2% over the period due to massive declines in 2015 and 2016. In comparison, world GDP is forecast to rise at an average rate of 3.2% annually during the same period. As such, the industry's importance to the global economy is shrinking, which typically suggests that the industry is declining. However, stronger industry growth over the five-year period to 2022 is likely a better indicator of the industry's overall importance. Overall, oil and gas exploration exhibits characteristics of a mature industry...purchase to read more.

    Additional Insights for the Global Oil & Gas Exploration & Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Oil & Gas Exploration & Production Industry are

  • Ability to accommodate environmental requirements
  • Ability to find new resource deposits
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and World price of natural gas in the Global Oil & Gas Exploration & Production industry impact industry performance..

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    What's in this report

    What is the Global Oil & Gas Exploration & Production Industry?

    Industry operators explore for, develop and operate oil and gas fields. This industry includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, the production of natural gas, sulfur recovery from natural gas and the recovery of hydrocarbon liquids. Transport, refining and marketing activities are excluded from this industry.

    Industry Products
  • Crude oil
  • Natural gas
  • Industry Activities
  • Oil and gas exploration
  • Crude oil extraction
  • Natural gas extraction
  • Liquefied natural gas (LNG) production
  • Liquefied petroleum gas (LPG) production, except in conjunction with petroleum refining
  • Oil shale extraction
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • World price of natural gas
  • GDP of the BRIC nations
  • Industrial production index of OECD countries

  • Current Performance
    Volatile prices prevailBRIC demand
  • Chart: Revenue Growth

  • Industry Outlook
    Prices recoverIncrease in natural gas production
  • Table: Global Oil & Gas Exploration & Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Oil & Gas Exploration & Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Global Oil and Gas Refining and Marketing
  • Global Petrochemicals Manufacturing
  • Global Electric Utilities
  • Global Gas Utilities

  • Key Selling Industries
  • Global Deep-Sea, Coastal & Inland Water Transportation
  • Global Iron and Steel Pipe and Tube Manufacturing
  • Global Marine & Container Terminal Operation
  • Global Oil and Gas Mining Support Services
  • Global Ship & Boat Building
  • Other Global Transport

  • Products & Services
  • Crude oil
  • Natural gas
  • Chart: Global Oil & Gas Exploration & Production Industry Products and Services Segmentation

  • Demand Determinants
  • Oil
  • Natural gas

  • Major Markets
  • Petroleum refiners
  • Natural gas distributors
  • Industrial sector
  • Electricity generators
  • Chart: Major Market Segmentation for the Global Oil & Gas Exploration & Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Other costs, wages, rent, utilities and marketing
  • Chart: Cost Structure Benchmarking – Sector vs Global Oil & Gas Exploration & Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Oil & Gas Exploration & Production Industry

  • Industry Globalization
    Saudi Arabian Oil Company,
  • Table: Saudi Arabian Oil Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Global Oil & Gas Exploration & Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Global Oil & Gas Exploration & Production Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Crude Oil Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Liquefied natural gas, formed by cooling natural gas to a very low temperature, at which it becomes liquid.
  • Natural Gas
  • Naturally occurring gases consisting primarily of methane and ethane, but also including small amounts of heavier hydrocarbons such as propane and butane.
  • Oil Field
  • An underground or undersea deposit of oil contained within a stable geological formation.
  • What Our Customers Say

    Why buy this report?

    The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Oil & Gas Exploration & Production global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Oil & Gas Exploration & Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Oil & Gas Exploration & Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Oil & Gas Exploration & Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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