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Oil and Gas Market Summary, Competitive Analysis and Forecast to 2027

Publisher MarketLine
Published Jun 30, 2023
Length 419 Pages
SKU # MTLN18094892

Description

Oil and Gas Market Summary, Competitive Analysis and Forecast to 2027


Summary

Global Oil & Gas industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the hub price of crude oil. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the price of natural gas (Henry Hub spot price). The values represent the total revenues available to exploration and production companies from sales of crude oil and natural gas. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
  • The length of the pandemic and restrictions introduced by various countries are still difficult to predict, though many governments had introduced the national lockdowns and temporarily banned sales of products that are deemed “non-essential”. As the length of the pandemic and its impact on this market is not certain, the data used in this report has been modelled on the assumption of a crisis scenario and has taken into consideration forecast impacts on national economics. Also, crude-oil and natural gas sanctions on Russia by various countries due to Russia-Ukraine war is also accounted, which would impact in short-to-mid-term high volatility in oil prices and demands across regions.
  • The global oil & gas market had total revenues of $7,170.4 billion in 2022, representing a compound annual growth rate (CAGR) of 8.4% between 2017 and 2022.
  • Market consumption volume increased with a CAGR of 0.9% between 2017 and 2022, reaching a total of 50.4 billion BoE in 2022.
  • The oil and gas market has massively fluctuated in recent years amid the increased volatility of oil and gas prices. For instance, according to the World Bank, the average price of Brent, WTI, and Dubai crude oils stood at $82.46 per barrel in April 2023, up from $76.47 per barrel in the previous month.
    • Scope
    • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global oil & gas market
    • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global oil & gas market
    • Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
    • Add weight to presentations and pitches by understanding the future growth prospects of the global oil & gas market with five year forecasts by both value and volume
    Reasons to Buy
    • What was the size of the global oil & gas market by value in 2022?
    • What will be the size of the global oil & gas market in 2027?
    • What factors are affecting the strength of competition in the global oil & gas market?
    • How has the market performed over the last five years?
    • What are the main segments that make up the global oil & gas market?

    Table of Contents

    419 Pages
    1 EXECUTIVE SUMMARY
    1.1. Market value
    1.2. Market value forecast
    1.3. Market volume
    1.4. Market volume forecast
    1.5. Category segmentation
    1.6. Geography segmentation
    1.7. Competitive landscape
    2 Introduction
    2.1. What is this report about?
    2.2. Who is the target reader?
    2.3. How to use this report
    2.4. Definitions
    3 Global Oil & Gas
    3.1. Market Overview
    3.2. Market Data
    3.3. Market Segmentation
    3.4. Market outlook
    3.5. Five forces analysis
    4 Macroeconomic Indicators
    4.1. Country data
    5 Oil & Gas in Asia-Pacific
    5.1. Market Overview
    5.2. Market Data
    5.3. Market Segmentation
    5.4. Market outlook
    5.5. Five forces analysis
    6 Oil & Gas in Europe
    6.1. Market Overview
    6.2. Market Data
    6.3. Market Segmentation
    6.4. Market outlook
    6.5. Five forces analysis
    7 Macroeconomic Indicators
    7.1. Country data
    8 Oil & Gas in France
    8.1. Market Overview
    8.2. Market Data
    8.3. Market Segmentation
    8.4. Market outlook
    8.5. Five forces analysis
    9 Macroeconomic Indicators
    9.1. Country data
    10 Oil & Gas in Germany
    10.1. Market Overview
    10.2. Market Data
    10.3. Market Segmentation
    10.4. Market outlook
    10.5. Five forces analysis
    11 Macroeconomic Indicators
    11.1. Country data
    12 Oil & Gas in Italy
    12.1. Market Overview
    12.2. Market Data
    12.3. Market Segmentation
    12.4. Market outlook
    12.5. Five forces analysis
    13 Macroeconomic Indicators
    13.1. Country data
    14 Oil & Gas in Japan
    14.1. Market Overview
    14.2. Market Data
    14.3. Market Segmentation
    14.4. Market outlook
    14.5. Five forces analysis
    15 Macroeconomic Indicators
    15.1. Country data
    16 Oil & Gas in Australia
    16.1. Market Overview
    16.2. Market Data
    16.3. Market Segmentation
    16.4. Market outlook
    16.5. Five forces analysis
    17 Macroeconomic Indicators
    17.1. Country data
    18 Oil & Gas in Canada
    18.1. Market Overview
    18.2. Market Data
    18.3. Market Segmentation
    18.4. Market outlook
    18.5. Five forces analysis
    19 Macroeconomic Indicators
    19.1. Country data
    20 Oil & Gas in China
    20.1. Market Overview
    20.2. Market Data
    20.3. Market Segmentation
    20.4. Market outlook
    20.5. Five forces analysis
    21 Macroeconomic Indicators
    21.1. Country data
    22 Oil & Gas in The Netherlands
    22.1. Market Overview
    22.2. Market Data
    22.3. Market Segmentation
    22.4. Market outlook
    22.5. Five forces analysis
    23 Macroeconomic Indicators
    23.1. Country data
    24 Oil & Gas in Spain
    24.1. Market Overview
    24.2. Market Data
    24.3. Market Segmentation
    24.4. Market outlook
    24.5. Five forces analysis
    25 Macroeconomic Indicators
    25.1. Country data
    26 Oil & Gas in The United Kingdom
    26.1. Market Overview
    26.2. Market Data
    26.3. Market Segmentation
    26.4. Market outlook
    26.5. Five forces analysis
    27 Macroeconomic Indicators
    27.1. Country data
    28 Oil & Gas in The United States
    28.1. Market Overview
    28.2. Market Data
    28.3. Market Segmentation
    28.4. Market outlook
    28.5. Five forces analysis
    29 Macroeconomic Indicators
    29.1. Country data
    30 Company Profiles
    30.1. Exxon Mobil Corporation
    30.2. Shell plc.
    30.3. PetroChina Company Limited
    30.4. BP Plc
    30.5. CNOOC Limited
    30.6. Indian Oil Corporation Limited
    30.7. Idemitsu Kosan Co., Ltd.
    30.8. OAO Gazprom
    30.10. PJSC Rosneft Oil Company
    30.11. TotalEnergies S.E.
    30.12. Engie SA
    30.13. Vermilion Energy Inc
    30.14. Wintershall Dea AG
    30.15. Eni S.p.A
    30.16. Saras SpA
    30.17. JX Nippon Oil & Gas Exploration Corp
    30.18. BHP
    30.19. Suncor Energy Inc.
    30.20. Cenovus Energy Inc.
    30.21. China National Petroleum Corporation
    30.22. GasTerra B.V.
    30.23. Naturgy Energy Group SA
    30.24. Repsol, S.A.
    30.25. Compania Espanola de Petroleos SAU
    30.26. Chevron Corporation
    30.27. ConocoPhillips
    31 Appendix
    31.1. Methodology
    31.2. About MarketLine
    List of Tables
    Table 1: Global oil & gas market value: $ billion, 2017-22
    Table 2: Global oil & gas market volume: million BoE, 2017-22
    Table 3: Global oil & gas market category segmentation: % share, by value, 2017-2022
    Table 4: Global oil & gas market category segmentation: $ billion, 2017-2022
    Table 5: Global oil & gas market geography segmentation: $ billion, 2022
    Table 6: Global oil & gas market value forecast: $ billion, 2022-27
    Table 7: Global oil & gas market volume forecast: million BoE, 2022-27
    Table 8: Global size of population (million), 2018-22
    Table 9: Global gdp (constant 2005 prices, $ billion), 2018-22
    Table 10: Global gdp (current prices, $ billion), 2018-22
    Table 11: Global inflation, 2018-22
    Table 12: Global consumer price index (absolute), 2018-22
    Table 13: Global exchange rate, 2018-22
    Table 14: Asia-Pacific oil & gas market value: $ billion, 2017-22
    Table 15: Asia-Pacific oil & gas market volume: million BoE, 2017-22
    Table 16: Asia-Pacific oil & gas market category segmentation: % share, by value, 2017-2022
    Table 17: Asia-Pacific oil & gas market category segmentation: $ billion, 2017-2022
    Table 18: Asia-Pacific oil & gas market geography segmentation: $ billion, 2022
    Table 19: Asia-Pacific oil & gas market value forecast: $ billion, 2022-27
    Table 20: Asia-Pacific oil & gas market volume forecast: million BoE, 2022-27
    Table 21: Europe oil & gas market value: $ billion, 2017-22
    Table 22: Europe oil & gas market volume: million BoE, 2017-22
    Table 23: Europe oil & gas market category segmentation: % share, by value, 2017-2022
    Table 24: Europe oil & gas market category segmentation: $ billion, 2017-2022
    Table 25: Europe oil & gas market geography segmentation: $ billion, 2022
    Table 26: Europe oil & gas market value forecast: $ billion, 2022-27
    Table 27: Europe oil & gas market volume forecast: million BoE, 2022-27
    Table 28: Europe size of population (million), 2018-22
    Table 29: Europe gdp (constant 2005 prices, $ billion), 2018-22
    Table 30: Europe gdp (current prices, $ billion), 2018-22
    Table 31: Europe inflation, 2018-22
    Table 32: Europe consumer price index (absolute), 2018-22
    Table 33: Europe exchange rate, 2018-22
    Table 34: France oil & gas market value: $ million, 2017-22
    Table 35: France oil & gas market volume: million BoE, 2017-22
    Table 36: France oil & gas market category segmentation: % share, by value, 2017-2022
    Table 37: France oil & gas market category segmentation: $ million, 2017-2022
    Table 38: France oil & gas market geography segmentation: $ million, 2022
    Table 39: France oil & gas market value forecast: $ million, 2022-27
    Table 40: France oil & gas market volume forecast: million BoE, 2022-27
    Table 41: France size of population (million), 2018-22
    Table 42: France gdp (constant 2005 prices, $ billion), 2018-22
    Table 43: France gdp (current prices, $ billion), 2018-22
    Table 44: France inflation, 2018-22
    Table 45: France consumer price index (absolute), 2018-22
    Table 46: France exchange rate, 2018-22
    Table 47: Germany oil & gas market value: $ million, 2017-22
    Table 48: Germany oil & gas market volume: million BoE, 2017-22
    Table 49: Germany oil & gas market category segmentation: % share, by value, 2017-2022
    Table 50: Germany oil & gas market category segmentation: $ million, 2017-2022
    Table 51: Germany oil & gas market geography segmentation: $ million, 2022
    Table 52: Germany oil & gas market value forecast: $ million, 2022-27
    Table 53: Germany oil & gas market volume forecast: million BoE, 2022-27
    Table 54: Germany size of population (million), 2018-22
    Table 55: Germany gdp (constant 2005 prices, $ billion), 2018-22
    Table 56: Germany gdp (current prices, $ billion), 2018-22
    Table 57: Germany inflation, 2018-22
    Table 58: Germany consumer price index (absolute), 2018-22
    Table 59: Germany exchange rate, 2018-22
    Table 60: Italy oil & gas market value: $ million, 2017-22
    Table 61: Italy oil & gas market volume: million BoE, 2017-22
    Table 62: Italy oil & gas market category segmentation: % share, by value, 2017-2022
    Table 63: Italy oil & gas market category segmentation: $ million, 2017-2022
    Table 64: Italy oil & gas market geography segmentation: $ million, 2022
    Table 65: Italy oil & gas market value forecast: $ million, 2022-27
    Table 66: Italy oil & gas market volume forecast: million BoE, 2022-27
    Table 67: Italy size of population (million), 2018-22
    Table 68: Italy gdp (constant 2005 prices, $ billion), 2018-22
    Table 69: Italy gdp (current prices, $ billion), 2018-22
    Table 70: Italy inflation, 2018-22
    Table 71: Italy consumer price index (absolute), 2018-22
    Table 72: Italy exchange rate, 2018-22
    Table 73: Japan oil & gas market value: $ million, 2017-22
    Table 74: Japan oil & gas market volume: million BoE, 2017-22
    Table 75: Japan oil & gas market category segmentation: % share, by value, 2017-2022
    Table 76: Japan oil & gas market category segmentation: $ million, 2017-2022
    Table 77: Japan oil & gas market geography segmentation: $ million, 2022
    Table 78: Japan oil & gas market value forecast: $ million, 2022-27
    Table 79: Japan oil & gas market volume forecast: million BoE, 2022-27
    Table 80: Japan size of population (million), 2018-22
    Table 81: Japan gdp (constant 2005 prices, $ billion), 2018-22
    Table 82: Japan gdp (current prices, $ billion), 2018-22
    Table 83: Japan inflation, 2018-22
    Table 84: Japan consumer price index (absolute), 2018-22
    Table 85: Japan exchange rate, 2018-22
    Table 86: Australia oil & gas market value: $ million, 2017-22
    Table 87: Australia oil & gas market volume: million BoE, 2017-22
    Table 88: Australia oil & gas market category segmentation: % share, by value, 2017-2022
    Table 89: Australia oil & gas market category segmentation: $ million, 2017-2022
    Table 90: Australia oil & gas market geography segmentation: $ million, 2022
    List of Figures
    Figure 1: Global oil & gas market value: $ billion, 2017-22
    Figure 2: Global oil & gas market volume: million BoE, 2017-22
    Figure 3: Global oil & gas market category segmentation: $ billion, 2017-2022
    Figure 4: Global oil & gas market geography segmentation: % share, by value, 2022
    Figure 5: Global oil & gas market value forecast: $ billion, 2022-27
    Figure 6: Global oil & gas market volume forecast: million BoE, 2022-27
    Figure 7: Forces driving competition in the global oil & gas market, 2022
    Figure 8: Drivers of buyer power in the global oil & gas market, 2022
    Figure 9: Drivers of supplier power in the global oil & gas market, 2022
    Figure 10: Factors influencing the likelihood of new entrants in the global oil & gas market, 2022
    Figure 11: Factors influencing the threat of substitutes in the global oil & gas market, 2022
    Figure 12: Drivers of degree of rivalry in the global oil & gas market, 2022
    Figure 13: Asia-Pacific oil & gas market value: $ billion, 2017-22
    Figure 14: Asia-Pacific oil & gas market volume: million BoE, 2017-22
    Figure 15: Asia-Pacific oil & gas market category segmentation: $ billion, 2017-2022
    Figure 16: Asia-Pacific oil & gas market geography segmentation: % share, by value, 2022
    Figure 17: Asia-Pacific oil & gas market value forecast: $ billion, 2022-27
    Figure 18: Asia-Pacific oil & gas market volume forecast: million BoE, 2022-27
    Figure 19: Forces driving competition in the oil & gas market in Asia-Pacific, 2022
    Figure 20: Drivers of buyer power in the oil & gas market in Asia-Pacific, 2022
    Figure 21: Drivers of supplier power in the oil & gas market in Asia-Pacific, 2022
    Figure 22: Factors influencing the likelihood of new entrants in the oil & gas market in Asia-Pacific, 2022
    Figure 23: Factors influencing the threat of substitutes in the oil & gas market in Asia-Pacific, 2022
    Figure 24: Drivers of degree of rivalry in the oil & gas market in Asia-Pacific, 2022
    Figure 25: Europe oil & gas market value: $ billion, 2017-22
    Figure 26: Europe oil & gas market volume: million BoE, 2017-22
    Figure 27: Europe oil & gas market category segmentation: $ billion, 2017-2022
    Figure 28: Europe oil & gas market geography segmentation: % share, by value, 2022
    Figure 29: Europe oil & gas market value forecast: $ billion, 2022-27
    Figure 30: Europe oil & gas market volume forecast: million BoE, 2022-27
    Figure 31: Forces driving competition in the oil & gas market in Europe, 2022
    Figure 32: Drivers of buyer power in the oil & gas market in Europe, 2022
    Figure 33: Drivers of supplier power in the oil & gas market in Europe, 2022
    Figure 34: Factors influencing the likelihood of new entrants in the oil & gas market in Europe, 2022
    Figure 35: Factors influencing the threat of substitutes in the oil & gas market in Europe, 2022
    Figure 36: Drivers of degree of rivalry in the oil & gas market in Europe, 2022
    Figure 37: France oil & gas market value: $ million, 2017-22
    Figure 38: France oil & gas market volume: million BoE, 2017-22
    Figure 39: France oil & gas market category segmentation: $ million, 2017-2022
    Figure 40: France oil & gas market geography segmentation: % share, by value, 2022
    Figure 41: France oil & gas market value forecast: $ million, 2022-27
    Figure 42: France oil & gas market volume forecast: million BoE, 2022-27
    Figure 43: Forces driving competition in the oil & gas market in France, 2022
    Figure 44: Drivers of buyer power in the oil & gas market in France, 2022
    Figure 45: Drivers of supplier power in the oil & gas market in France, 2022
    Figure 46: Factors influencing the likelihood of new entrants in the oil & gas market in France, 2022
    Figure 47: Factors influencing the threat of substitutes in the oil & gas market in France, 2022
    Figure 48: Drivers of degree of rivalry in the oil & gas market in France, 2022
    Figure 49: Germany oil & gas market value: $ million, 2017-22
    Figure 50: Germany oil & gas market volume: million BoE, 2017-22
    Figure 51: Germany oil & gas market category segmentation: $ million, 2017-2022
    Figure 52: Germany oil & gas market geography segmentation: % share, by value, 2022
    Figure 53: Germany oil & gas market value forecast: $ million, 2022-27
    Figure 54: Germany oil & gas market volume forecast: million BoE, 2022-27
    Figure 55: Forces driving competition in the oil & gas market in Germany, 2022
    Figure 56: Drivers of buyer power in the oil & gas market in Germany, 2022
    Figure 57: Drivers of supplier power in the oil & gas market in Germany, 2022
    Figure 58: Factors influencing the likelihood of new entrants in the oil & gas market in Germany, 2022
    Figure 59: Factors influencing the threat of substitutes in the oil & gas market in Germany, 2022
    Figure 60: Drivers of degree of rivalry in the oil & gas market in Germany, 2022
    Figure 61: Italy oil & gas market value: $ million, 2017-22
    Figure 62: Italy oil & gas market volume: million BoE, 2017-22
    Figure 63: Italy oil & gas market category segmentation: $ million, 2017-2022
    Figure 64: Italy oil & gas market geography segmentation: % share, by value, 2022
    Figure 65: Italy oil & gas market value forecast: $ million, 2022-27
    Figure 66: Italy oil & gas market volume forecast: million BoE, 2022-27
    Figure 67: Forces driving competition in the oil & gas market in Italy, 2022
    Figure 68: Drivers of buyer power in the oil & gas market in Italy, 2022
    Figure 69: Drivers of supplier power in the oil & gas market in Italy, 2022
    Figure 70: Factors influencing the likelihood of new entrants in the oil & gas market in Italy, 2022
    Figure 71: Factors influencing the threat of substitutes in the oil & gas market in Italy, 2022
    Figure 72: Drivers of degree of rivalry in the oil & gas market in Italy, 2022
    Figure 73: Japan oil & gas market value: $ million, 2017-22
    Figure 74: Japan oil & gas market volume: million BoE, 2017-22
    Figure 75: Japan oil & gas market category segmentation: $ million, 2017-2022
    Figure 76: Japan oil & gas market geography segmentation: % share, by value, 2022
    Figure 77: Japan oil & gas market value forecast: $ million, 2022-27
    Figure 78: Japan oil & gas market volume forecast: million BoE, 2022-27
    Figure 79: Forces driving competition in the oil & gas market in Japan, 2022
    Figure 80: Drivers of buyer power in the oil & gas market in Japan, 2022
    Figure 81: Drivers of supplier power in the oil & gas market in Japan, 2022
    Figure 82: Factors influencing the likelihood of new entrants in the oil & gas market in Japan, 2022
    Figure 83: Factors influencing the threat of substitutes in the oil & gas market in Japan, 2022
    Figure 84: Drivers of degree of rivalry in the oil & gas market in Japan, 2022
    Figure 85: Australia oil & gas market value: $ million, 2017-22
    Figure 86: Australia oil & gas market volume: million BoE, 2017-22
    Figure 87: Australia oil & gas market category segmentation: $ million, 2017-2022
    Figure 88: Australia oil & gas market geography segmentation: % share, by value, 2022
    Figure 89: Australia oil & gas market value forecast: $ million, 2022-27
    Figure 90: Australia oil & gas market volume forecast: million BoE, 2022-27

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