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Crude Petroleum & Natural Gas Extraction in Germany Industry Data and Analysis
Petroleum and natural gas are used in a variety of industries for a wide range of purposes. In Germany, these fossil fuels have been extracted since the beginning of the 20th century and make a small contribution to guaranteeing Germany's energy supply. According to the BVEG, there are around 23.7 million tonnes of crude oil reserves and 36 billion cubic metres of natural gas reserves in Germany as of 2022. The industry's turnover and profit development is closely linked to the development of world market prices for crude oil and natural gas. OPEC+ plays an important role in setting oil prices. By setting production quotas, OPEC+ can adjust supply to demand and thus stabilise or increase prices. Following the price slump in 2020 due to the COVID-19 pandemic, the price of oil and gas began to rise again in 2021. The recovery of the global economy and rising demand for energy drove prices up. Limited production capacities and supply bottlenecks further exacerbated this trend. The Russian invasion of Ukraine in February 2022 led to a further price increase. Economic sanctions and import embargoes against Russia, an important exporter of natural gas, caused prices to rise further. Energy prices have fallen again since 2023, but remain at a high level. Oil and gas prices will also remain volatile in 2025, influenced by geopolitical tensions, economic uncertainties and OPEC+ decisions.
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What's included in this industry analysis
IBISWorld's research coverage on the Crude Petroleum & Natural Gas Extraction industry in Germany includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released August 2025.
About this industry
What's this industry report about?
The Crude Petroleum & Natural Gas Extraction industry in Germany operates under the WZ industry code B06.00DE. The oil and gas extraction industry comprises the extraction of crude oil as well as oils and gases from oil shale and oil sand and the extraction of natural gas. The industry also includes the completion and equipping of wells and the development of oil and gas fields. Related terms covered in the Crude Petroleum & Natural Gas Extraction industry in Germany include prospection, exploration and barrel oil equivalents.
What's included in this industry?
Products and services covered in Crude Petroleum & Natural Gas Extraction industry in Germany include Natural gas, Crude oil and Petroleum gas.
What companies are included in this industry?
Companies covered in the Crude Petroleum & Natural Gas Extraction industry in Germany include Wintershall Dea AG, ExxonMobil Production Deutschland GmbH and Neptune Energy Deutschland GmbH.
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 & Natural Gas Extraction industry in Germany.
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 & Natural Gas Extraction industry in Germany.
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 & Natural Gas Extraction industry in Germany.
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 & Natural Gas Extraction industry in Germany. 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 & Natural Gas Extraction industry in Germany. 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 & Natural Gas Extraction industry in Germany. 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 & Natural Gas Extraction industry in Germany. 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 & Natural Gas Extraction industry in Germany.
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Frequently Asked Questions
What is the market size of the Crude Petroleum & Natural Gas Extraction industry in Germany in 2026?
The market size of the Crude Petroleum & Natural Gas Extraction industry in Germany is €2.9bn in 2026.
How many businesses are there in the Crude Petroleum & Natural Gas Extraction industry in Germany in 2025?
There are 6 businesses in the Crude Petroleum & Natural Gas Extraction industry in Germany, which has grown at a CAGR of 3.7 % between 2020 and 2025.
How may import tariffs affect the Crude Petroleum & Natural Gas Extraction industry in Germany?
The Crude Petroleum & Natural Gas Extraction industry in Germany is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Crude Petroleum & Natural Gas Extraction industry in Germany?
The Crude Petroleum & Natural Gas Extraction industry in Germany is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Crude Petroleum & Natural Gas Extraction industry in Germany grown or declined over the past 5 years?
The market size of the Crude Petroleum & Natural Gas Extraction industry in Germany has been growing at a CAGR of 8.2 % between 2020 and 2025.
What is the forecast growth of the Crude Petroleum & Natural Gas Extraction industry in Germany over the next 5 years?
Over the next five years, the Crude Petroleum & Natural Gas Extraction industry in Germany is expected to decline.
What are the biggest companies in the Crude Petroleum & Natural Gas Extraction industry in Germany?
The biggest companies operating in the Crude Petroleum & Natural Gas Extraction industry in Germany are Wintershall Dea AG, ExxonMobil Production Deutschland GmbH and Neptune Energy Deutschland GmbH
What does the Crude Petroleum & Natural Gas Extraction industry in Germany include?
Crude oil and Natural gas are part of the Crude Petroleum & Natural Gas Extraction industry in Germany.
Which companies have the highest market share in the Crude Petroleum & Natural Gas Extraction industry in Germany?
The company holding the most market share in the Crude Petroleum & Natural Gas Extraction industry in Germany is Wintershall Dea AG.
How competitive is the Crude Petroleum & Natural Gas Extraction industry in Germany?
The level of competition is moderate and steady in the Crude Petroleum & Natural Gas Extraction industry in Germany.
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