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There are xx businesses in the Oil & Gas Extraction industry in the US, which is expected to decline at xx% over the next five years. Companies in this industry operate and develop oil and gas field properties. Activities include the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recovery from natural gas; and the recovery of hydrocarbon liquids. Companies may operate oil and gas wells on their own account or for others on a contract or fee basis.
Curious about what drives these trends? IBISWorld's Oil & Gas Extraction in the US industry coverage has got you covered.
Total value (#) and annual change from 2012 – 2030.
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| Industry | Sector | Last 5-yr CAGR | Forecast 5-year CAGR | Revenue |
|---|---|---|---|---|
| Oil & Gas Field Services in the US |
|
XX% | XX% | $XX |
| Petroleum Refining in the US |
|
XX% | XX% | $XX |
| Petrochemical Manufacturing in the US |
|
XX% | XX% | $XX |
| Industrial Gas Production in the US |
|
XX% | XX% | $XX |
| Global Oil & Gas Exploration & Production |
|
XX% | XX% | $XX |
| Oil & Gas Extraction in Canada |
|
XX% | XX% | $XX |
| Oil & Gas Extraction in Australia |
|
XX% | XX% | $XX |
| Oil & Gas Extraction in New Zealand |
|
XX% | XX% | $XX |
| Crude Petroleum & Natural Gas Extraction in the UK |
|
XX% | XX% | $XX |
| Oil & Gas Drilling in China |
|
XX% | XX% | $XX |
| Oil & Gas Extraction in Mexico |
|
XX% | XX% | $XX |
When the stakes are high, you need intelligence that cuts through the noise—wherever you work.
There is 46,346 Oil & Gas Extraction in the US businesses as of 2026, an increase of 4.9% from 2025.
The number of Oil & Gas Extraction in the US businesses has declined -3.1% per year on average over the five years between 2021 and 2026.
See our full analysis of the Oil & Gas Extraction in the US to understand if the mumber of bussinesses is expected to grow or decline over the next five years.
The Oil & Gas Extraction in the US has low market share concentration and the largest business is Exxon Mobil Corporation.