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The market size of the Global Oil & Gas Exploration & Production industry in Global is $xx.xx, which is expected to decline at xx% over the next five years. Operators in the Global Oil and Gas Exploration and Production industry explore for, develop and operate oil and gas fields. This industry includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, the production of natural gas, sulfur recovery from natural gas and the recovery of hydrocarbon liquids. Transport, refining and marketing activities are excluded from this industry.
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Total value ($) and annual change from 2012 – 2030.
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The market size of the Global Oil & Gas Exploration & Production is $4.0tr in 2025.
The market size of the Global Oil & Gas Exploration & Production decreased -7.3% in 2025.
The market size of the Global Oil & Gas Exploration & Production has grown at a 11.7% CAGR between 2020 and 2025.
See our full analysis of the Global Oil & Gas Exploration & Production to understand if the industry market size is expected to grow or decline over the next five years.