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There are xx businesses in the Global Oil & Gas Exploration & Production industry in Global, 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.
Curious about what drives these trends? IBISWorld's Global Oil & Gas Exploration & Production industry coverage has got you covered.
Total value (#) and annual change from 2012 – 2030.
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There is 100,677 Global Oil & Gas Exploration & Production businesses as of 2025, an decrease of -6.1% from 2024.
The number of Global Oil & Gas Exploration & Production businesses has declined -2.6% per year on average over the five years between 2020 and 2025.
See our full analysis of the Global Oil & Gas Exploration & Production to understand if the mumber of bussinesses is expected to grow or decline over the next five years.
The Global Oil & Gas Exploration & Production has low market share concentration and the largest business is The Saudi Arabian Oil Company.