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Crude Petroleum Extraction in France Industry Data and Analysis
Fossil fuels have been extracted in France since the beginning of the 20th century, helping to secure the country's energy supply. Today, crude oil is still used in a wide range of industries, the transport sector and private households. However, low international oil prices and dwindling reserves have put the industry under increasing pressure. The COVID-19 pandemic and the resulting sharp drop in demand for petroleum products led to a decline in prices in 2020. Following this, though the reopening of the European economy and the resumption of production activities drove a rapid increase in demand for fossil fuels in 2021. The beginning of the Russia-Ukraine war in February 2022 and the embargo on crude oil import from Russia further fuelled supply shortages and oil prices rose again over the year. As a result, extraction companies’ revenue edged upwards. However, this effect waned in 2023 as supply shortages abated, meaning the industry experienced a decline in revenue due to a drop in crude oil prices.
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What's included in this industry analysis
IBISWorld's research coverage on the Crude Petroleum Extraction industry in France includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released March 2025.
About this industry
What's this industry report about?
The Crude Petroleum Extraction industry in France operates under the industry code FR-B061. Companies in this industry extract crude petroleum oils. The industry also covers the extraction of bituminous or oil shale and tar sand for crude petroleum oil production. Related terms covered in the Crude Petroleum Extraction industry in France include windfall tax, hydrocarbon, petroleum refining, barrel of oil equivalents, oilfield and oil sands.
What's included in this industry?
Products and services covered in Crude Petroleum Extraction industry in France include Onshore Crude Oil and Offshore Crude Oil.
What companies are included in this industry?
Companies covered in the Crude Petroleum Extraction industry in France include Vermilion Energy Inc, Geopetrol SA and Ipc Petroleum France SA.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Crude Petroleum Extraction industry in France.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Crude Petroleum Extraction industry in France.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Crude Petroleum Extraction industry in France.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Crude Petroleum Extraction industry in France. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Crude Petroleum Extraction industry in France. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Crude Petroleum Extraction industry in France. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Crude Petroleum Extraction industry in France. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Crude Petroleum Extraction industry in France.
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Frequently Asked Questions
What is the market size of the Crude Petroleum Extraction industry in France in 2026?
The market size of the Crude Petroleum Extraction industry in France is €225.1m in 2026.
How many businesses are there in the Crude Petroleum Extraction industry in France in 2025?
There are 15 businesses in the Crude Petroleum Extraction industry in France, which has declined at a CAGR of 3.6 % between 2020 and 2025.
Has the Crude Petroleum Extraction industry in France grown or declined over the past 5 years?
The market size of the Crude Petroleum Extraction industry in France has been growing at a CAGR of 14.7 % between 2020 and 2025.
What is the forecast growth of the Crude Petroleum Extraction industry in France over the next 5 years?
Over the next five years, the Crude Petroleum Extraction industry in France is expected to decline.
What are the biggest companies in the Crude Petroleum Extraction industry in France?
The biggest companies operating in the Crude Petroleum Extraction industry in France are Vermilion Energy Inc, Geopetrol SA and Ipc Petroleum France SA
What does the Crude Petroleum Extraction industry in France include?
Onshore Crude Oil and Offshore Crude Oil are part of the Crude Petroleum Extraction industry in France.
Which companies have the highest market share in the Crude Petroleum Extraction industry in France?
The company holding the most market share in the Crude Petroleum Extraction industry in France is Vermilion Energy Inc.
How competitive is the Crude Petroleum Extraction industry in France?
The level of competition is moderate and steady in the Crude Petroleum Extraction industry in France.
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