Market size and recent performance (2009-2024)
Industry revenue has declined at a CAGR of -9.3% over the past five years, to reach an estimated $888.8bn in 2019.
Trends and Insights
- Revenue is subject to the price of crude oil and natural gas, which is linked to global supply and demand conditions
- Additional trends and insights available with purchase
Biggest companies in the Oil & Gas Extraction in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Petróleos Mexicanos |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Maya blend heavy crude oil, Other crude oil and Natural gas. Maya blend heavy crude oil is the largest segment of the Oil & Gas Extraction in Mexico.
Trends and Insights
There are three primary crude oil blends produced in Mexico: maya crude, which is heavy; extra light olmeca crude; and light isthmus crude.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Oil and Gas Extraction industry in Mexico is comprises companies engaged in exploring for and producing crude oil and natural gas. Crude oil is typically exported or sent to domestic oil refineries, while domestic natural gas is processed and sent through pipelines to its ultimate end markets. The industry produces three primary blends of crude oil, with the majority of production being the maya heavy crude blend and remainder being lighter blends isthmus and olmeca. Revenue is subject to the price of crude oil and natural gas, which is linked to global supply and demand conditions. In addition, the industry is dominated by Petróleos Mexicanos (Pemex), which operated as a monopoly and was the sole company in this industry for years. However, the industry has experienced a structural change in recent years. In 2013, the constitution was amended to enable private companies to invest in the domestic oil and gas industry and bid for the right to engage in industry activities. While Pemex remains the industry's largest player and is still responsible for close to 100.0% of industry revenue, the company and its subsidiaries are no longer the only operators in this industry.
What's included in this industry?
Oil extractionNatural gas extractionExploration of crude oil and natural gasMaya blend heavy crude oilOther crude oilNatural gasCompanies
Petróleos MexicanosPurchase this report to view all 1 major companies in this industry.
Related Terms
NATURAL GASOFFSHORE PLATFORMSOIL FIELDIndustry Code
NAICS 21111MX - Oil & Gas Extraction in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
World price of crude oil. The world price of oil is determined by global supply and demand conditions. The price of crude oil has historically exhibited high volatility, with ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
There are three primary crude oil blends produced in Mexico: maya crude, which is heavy; extra light olmeca crude; and light isthmus crude.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
In 2019, IBISWorld estimates that there are 41 active establishments in the Oil and Gas Extraction industry in Mexico. These establishments are all heavily concentrated in sev...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Economies of Scale. Larger oil and gas deposits are generally more economic to develop and can provide higher profit margins.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Petróleos Mexicanos (Pemex) is by far the largest and one of the only operators in the Oil and Gas Extraction industry in Mexico. Pemex has dominated the industry in Mexico fo...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Petróleos Mexicanos's performance by revenue, market share and profit margin from 2013 through 2019
Detailed analysis
- Description and key data for Petróleos Mexicanos, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Oil and Gas Extraction industry in Mexico is subject to a high level of regulation, and the nature of the industry structure itself is heavily regulated. The industry's on...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Oil & Gas Extraction industry in Mexico in 2019?
The market size of the Oil & Gas Extraction industry in Mexico is $888.8bn in 2019.
How many businesses are there in the Oil & Gas Extraction in Mexico industry in 2019?
There are 1 businesses in the Oil & Gas Extraction industry in Mexico, which has declined at a CAGR of 0.0% between 2014 and 2019.
Has the Oil & Gas Extraction industry in Mexico grown or declined over the past 5 years?
The market size of the Oil & Gas Extraction industry in Mexico has been at a CAGR of -9.3% between 2014 and 2019.
What is the forecast growth of the Oil & Gas Extraction industry in Mexico over the next 5 years?
The Oil & Gas Extraction in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Oil & Gas Extraction market in Mexico?
The biggest company operating in the Oil & Gas Extraction market in Mexico is Petróleos Mexicanos
What does the Oil & Gas Extraction in Mexico include?
Oil extraction and Natural gas extraction are part of the Oil & Gas Extraction industry.
Which companies have the highest market share in the Oil & Gas Extraction in Mexico?
The company holding the most market share in Mexico is Petróleos Mexicanos.
How many people are/were employed in the Oil & Gas Extraction in Mexico in 2019?
There are 34,244 employed in the Oil & Gas Extraction industry in Mexico 2019.
Widen your competitive advantage with related industries
Related Domestic Industries
- This industry serves as retailers of downstream industry products.
- This industry manufactures acyclic and cyclic aromatic hydrocarbons from refined petroleum or liquid hydrocarbons.
- This industry refines crude petroleum into refined petroleum and liquid hydrocarbons.
- Some establishments in this industry use natural gas to generate energy.
Methodology
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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