Top Questions Answered in this Report
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What is the market size of the Crude Petroleum Extraction industry in the United Kingdom in 2025?
The market size of the Crude Petroleum Extraction industry in the United Kingdom is £236.1bn in 2025.
How many businesses are there in the Crude Petroleum Extraction industry in the United Kingdom in 2024?
There are 1,336 businesses in the Crude Petroleum Extraction industry in the United Kingdom, which has grown at a CAGR of 5.0 % between 2019 and 2024.
Has the Crude Petroleum Extraction industry in the United Kingdom grown or declined over the past 5 years?
The market size of the Crude Petroleum Extraction industry in the United Kingdom has been declining at a CAGR of 2.6 % between 2019 and 2024.
What is the forecast growth of the Crude Petroleum Extraction industry in the United Kingdom over the next 5 years?
Over the next five years, the Crude Petroleum Extraction industry in the United Kingdom is expected to grow.
What does the Crude Petroleum Extraction industry in the United Kingdom include?
Onshore Crude Oil and Offshore Crude Oil are part of the Crude Petroleum Extraction industry in the United Kingdom.
How competitive is the Crude Petroleum Extraction industry in the United Kingdom?
The level of competition is moderate and steady in the Crude Petroleum Extraction industry in the United Kingdom.
Table of Contents
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 the UK 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 the UK 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 bottom 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?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
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.
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.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
