Gitnux/Report 2026

Crude Oil Industry Statistics

The world crude output reached 79.55 mb/d in 2026, explore crude oil figures across companies, throughput, and the 2024–2030 demand path.
311Statistics
90Sources
12Sections
1Visuals
52mRead
November 11, 2026Updated
Crude Oil Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published ·Updated
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The crude oil industry at a glance

Crude oil remains a roughly 79.6 million-barrel-per-day global industry in 2026, but demand growth is slowing as electric vehicles, efficiency gains and petrochemicals reshape consumption.

79.55 mb/d[24]
World crude output, 2026
13.6 mb/d[24]
U.S. crude production, 2025
105.5 mb/d[20]
Global oil demand, 2030
$91/bbl[84]
Brent forecast, 2026
Market size
Global crude oil production averaged 76.57 million barrels per day in 2024, according to OPEC, while the latest EIA outlook puts crude production at 79.55 million barrels per day in 2026. World proven crude oil reserves stood at 1,567 billion barrels at the end of 2024.[24][77]
Forecast & CAGR
The IEA forecasts global oil demand to increase by 2.5 million barrels per day from 2024 to 2030, reaching about 105.5 million barrels per day, equivalent to approximately 0.4% average annual growth over the period. Global oil supply capacity is expected to rise by 5.1 million barrels per day to 114.7 million barrels per day by 2030.[20]
Market share & regions
OPEC Member Countries held 1,241 billion barrels of proven crude oil reserves at the end of 2024, about 79% of the global total. Asia absorbed 13.67 million barrels per day, or 71.9%, of OPEC members’ crude oil exports in 2024, making it the dominant regional destination.[77]
Segmentation
The industry spans upstream exploration and production, midstream transportation and storage, and downstream refining and marketing. Refinery throughput reached 85.97 million barrels per day in 2024, while the IEA expects petrochemical feedstocks to account for 18.4 million barrels per day of oil demand by 2030, or more than one in six barrels.[77][20]
Key players & concentration
OPEC+ production averaged 36.64 million barrels per day in 2025 against world crude production of 78.90 million barrels per day, implying a share of about 46% on the EIA’s production definition. The United States was the largest individual producer in 2025 at 13.6 million barrels per day, about 40% more than either Russia or Saudi Arabia individually.[24]
Pricing
The World Bank forecasts Brent crude to average $91 per barrel in 2026, up from $69 per barrel in 2025, before declining to $79 per barrel in 2027. The forecast reflects supply disruptions, depleted inventories and heightened geopolitical risk, with further upside risks if disruptions intensify.[84][85]
Trends, drivers & challenges
Upstream oil investment is expected to fall 6% to around $420 billion in 2025, while production capacity is forecast to expand faster than demand through 2030. Electric vehicles are expected to displace 5.4 million barrels per day of oil demand by 2030, although petrochemicals and emerging-market consumption remain important growth drivers.[20]
Consumer behavior & competition
Oil demand is shifting geographically and by end use: emerging and developing economies are forecast to add 4.2 million barrels per day of demand between 2024 and 2030, while OECD demand is expected to fall by 1.7 million barrels per day. Petrochemicals become the leading source of demand growth from 2026, while EV sales exceeded 17 million in 2024 and are expected to surpass 20 million in 2025.[20]
M&A
Oil and gas M&A deal value totaled $184.3 billion across 427 deals in 2025, compared with $193.2 billion across 528 deals in 2024. Upstream transactions represented 43% of 2025 deal value and 57% of deal volume, according to Deloitte’s analysis.[1]
Regulation
The EU Methane Regulation entered into force on 4 August 2024 and requires oil, gas and coal operators to measure, monitor, report and verify methane emissions while restricting routine flaring and venting. Importers of crude oil must also provide methane-intensity information and evidence of monitoring, reporting and verification systems.[86]
Latest news
The World Bank’s October 28, 2026 outlook projects global oil supply to fall 5.2% in 2026 and Brent to average $91 per barrel, citing Middle East conflict, depleted inventories and disruption risks. It expects oil prices to ease to $79 per barrel in 2027 as supply recovers and the market moves toward surplus.[84][85]

02 Ranking

Top 10 Companies in the Crude Oil Industry

The leading companies in the crude oil industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 10, 2026 · Next review December 10, 2026

Verdict

ADNOC stands out for upstream exploration and production because its upstream directorate is responsible for oil and gas exploration, development and production, while ExxonMobil leads in integrated upstream, refining, and crude marketing since it reported $323.9 billion in 2025 sales and other operating revenue.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in crude oil production

    ADNOC

    AE

    Ranked #1 · 9.2 · Crude oil production

    Why we picked it: ADNOC runs the upstream directorate responsible for oil and gas exploration, development, and production for UAE exports.

    See in ranking ↓Visit adnoc.ae ↗

  2. Leader in refining and product supply

    ExxonMobil

    US

    Ranked #2 · 9.1 · Refining and product supply

    Why we picked it: ExxonMobil’s integrated upstream, refining, and crude marketing scale shows up in $323.9 billion of 2025 sales and other operating revenue.

    See in ranking ↓Visit exxonmobil.com ↗

  3. Leader in integrated trading & marketing

    Shell

    GB

    Ranked #4 · 9.1 · Integrated trading & marketing

    Why we picked it: Shell stands out through crude trading at over 8 million barrels per day in 2025, tied to its integrated marketer position.

    See in ranking ↓Visit shell.com ↗

Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.

Full ranking

Sort by
Top 10 companies in the crude oil industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

ADNOC

Crude oil production · AE

9.2
2

ExxonMobil

Refining and product supply · US

9.1
3

Saudi Aramco

Crude oil production · SA

9.1
4

Shell

Integrated trading & marketing · GB

9.1
5

Chevron

Refining and product supply · US

8.9
6

Petrobras

Brazilian offshore crude oil producer and integrated group · BR

8.8
7

CNOOC

Offshore crude oil and gas producer, China · CN

8.6
8

BP

Integrated oil producer, trader and fuel marketer · GB

8.6
9

QatarEnergy

Qatari oil and gas producer and exporter · QA

8.6
10

Kuwait Petroleum Corporation

Kuwaiti crude oil producer and integrated group · KW

8.0

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 10, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 10). Top 10 companies in the crude oil industry. In Crude Oil Industry Statistics. Gitnux. https://gitnux.org/crude-oil-industry-statistics/#top-companies

report visual · Projection

World crude oil production

World crude oil production grew from 68,828 thousand barrels per day in 2020 to 72,584 thousand barrels per day in 2024.

68.8K
Start
+1.34%
CAGR · 4y
72.6K
Projected
20202024
source-verifiedopec.org2024

04 Statistics

Technology & Innovation

AI and digital monitoring are concentrated in upstream processes, including $65 billion in near-term annual recurring value AI could unlock across upstream oil and gas globally, per a 2026 McKinsey analysis.

AI in the crude oil industry

  • 84% of energy, resources and industrial companies have not redesigned jobs around AI capabilities, according to Deloitte.[1]
  • 550-plus AI use cases were mapped across the upstream oil and gas lifecycle in McKinsey’s global analysis.[2]
  • $65 billion is the estimated near-term annual recurring value AI could unlock across upstream oil and gas globally, according to McKinsey’s 2026 analysis.[2]
  • 23% of energy, resources and industrial companies are achieving deep business-model transformation with AI, according to Deloitte’s survey.[1]
  • Less than 20% of total IT spending by US oil and gas companies currently goes to AI and generative AI, according to Deloitte.[1]
  • 37% of energy, resources and industrial companies are redesigning key processes around AI, according to Deloitte’s survey.[1]

Automation in the crude oil industry

  • 58% of oil and gas and chemicals companies said organizational culture impeded digital-technology adoption in EY’s 2024 survey.[3]
  • 45% of oil and gas companies were using edge computing in EY’s global survey, while 57% were developing improvements or use cases.[4]
  • 89% of oil and gas companies were using operational technology in EY’s global survey, while 65% were developing improvements or use cases.[4]
  • 14% of oil and gas companies were using autonomous transport in EY’s global survey.[4]
  • 90% of oil and gas companies were using cloud computing in EY’s global survey, while 76% were developing improvements or use cases.[4]
  • 93% of oil and gas companies were using remote monitoring in EY’s global survey, while 72% were developing improvements or use cases.[4]

Digital Transformation in the oil and gas sector (sector benchmark)

  • Across oil, gas and utilities worldwide, 31% cited tighter integration and cross-functional collaboration among the top two drivers of enterprise-software adoption in 2022.[5]
  • Over US$790 billion of value is expected from digital solutions in upstream oil and gas worldwide between 2026 and 2035, based on an EY survey.[3]
  • More than 60% of upstream oil and gas survey respondents report gains of at least 10% in production, recovery, capital efficiency or time savings from digital solutions.[3]
  • Over 90% of upstream oil and gas respondents expect their organisation’s digital spending to grow during the five years after 2026.[3]
  • 50% of oil and gas and chemicals companies were already using digital twins to manage assets in 2025, according to the EY Future of Energy Survey.[3]
  • 92% of oil and gas and chemicals companies were implementing, developing or planning new digital-twin applications within five years in 2025.[3]

Technology Adoption in the oil and gas sector (sector benchmark)

  • Among oil, gas and energy organizations surveyed by ASUG, 33% expected low-code or no-code technology to greatly affect digital-transformation efforts in 2025.[6]
  • Among oil, gas and energy organizations surveyed by ASUG, 42% expected RPA or similar automation to greatly affect digital-transformation efforts in 2025.[6]
  • Among oil, gas and energy organizations surveyed by ASUG, 56% expected AI and machine learning to greatly affect digital-transformation efforts in 2025.[6]
  • Among oil, gas and energy organizations surveyed by ASUG, 19% expected conversational user interfaces or chatbots to greatly affect digital-transformation efforts in 2025.[6]

Cloud Computing in the oil and gas sector (sector benchmark)

  • Across oil and gas companies surveyed globally, 90% reported using cloud computing in 2020, while 76% of users were developing improvements or new use cases.[7]
  • Across oil and gas companies surveyed globally, 49% ranked the cloud as a high-investment technology over the following 18 months.[8]
  • Across oil and gas companies surveyed globally, 45% ranked the cloud among technologies delivering high business benefit over the following 18 months.[8]
  • Among oil, gas and energy organizations surveyed by ASUG, 47% expected cloud technology to greatly affect digital-transformation efforts in 2025.[6]

Big Data in the oil and gas sector (sector benchmark)

  • Across oil and gas organizations surveyed globally, 59% ranked big data and analytics among technologies delivering high business benefit over the following 18 months.[8]
  • Across oil and gas companies surveyed in the 2016 Accenture upstream study, 36% were already investing in big data and analytics.[9]
  • Across oil and gas organizations surveyed globally, 52% ranked big data and analytics as a high-investment technology over the following 18 months.[8]
  • Across oil and gas companies surveyed in the 2016 Accenture upstream study, 13% used big-data and analytics insights to shape their approach to markets and competitors.[9]

05 Statistics

Data & Analytics

Operators are quantifying throughput and outage changes with analytics and edge deployments, including a 65% reduction in system outages in an international offshore case study.

Business intelligence in the crude oil industry

  • 600 wells had been planned using PTTEP’s web-based integrated Well Delivery Process, which improved well-design quality and reduced planning-cycle time.[10]
  • 85% reduction in ERP-system use is targeted by bp through its Total Resource Management and data-democratization program.[11]
  • Less than 1 minute was the visualization resolution available for remote ESP operating data in an Ecuadorian Amazon well-monitoring deployment.[10]
  • 74% reduction in monitoring-capital costs was achieved in Ecuador by using one edge device for all wells on a pad.[10]
  • 10 wells were equipped with SLB edge-computing devices that autonomously managed production setpoints and communicated liquid-loading risks.[12]
  • 90% reduction in well-planning time was achieved in Azerbaijan after engineers began using generative AI to run thousands of scenarios.[11]

Data analytics in the crude oil industry

  • 70% production improvement was reported after high-resolution through-the-bit measurements were used to optimize stimulation designs in horizontal wells.[12]
  • 15 deepwater rig days were eliminated by using real-time formation-evaluation data during an oil-and-gas well operation.[10]
  • 60% reduction in rig time was reported for SLB through-the-bit logging services using high-resolution subsurface measurements.[12]
  • 65% reduction in system outages was reported in an international offshore oil-and-gas case study using data analytics technologies.[13]
  • 40% electricity savings were achieved across a subset of Oklahoma and Texas saltwater-disposal injection sites using AI-powered KPI monitoring and time-series analytics.[14]
  • $7.5 million in drilling cost savings resulted from real-time formation-evaluation data that prevented additional wireline runs on a deepwater well.[10]

Data Quality in the oil and gas sector (sector benchmark)

  • 62% of upstream oil and gas professionals rated complete data as important for effective and efficient geoscience analysis in 2023.[15]
  • 12% of oil and gas respondents lacked the necessary information for data-driven decisions in 2023, across the surveyed industries worldwide.[16]
  • 36% of geoscience professionals said having the most current and best-quality data was their biggest collaboration challenge in 2023, across oil and gas and other surveyed industries.[16]
  • 50% of oil and gas respondents were confident their organization could handle data-quality issues in 2023, based on a global geoscience-sector survey.[16]
  • 66% of upstream oil and gas professionals rated accurate data as important for effective and efficient geoscience analysis in 2023.[15]
  • 68% of upstream oil and gas professionals rated data integrity as important for effective and efficient geoscience analysis in 2023.[15]

Data Governance in the oil and gas sector (sector benchmark)

  • 4% of upstream oil and gas organizations reported that geoscience data management received only minimal senior-management and wider-business support in 2023.[15]
  • 40% of upstream oil and gas organizations considered data management a strategic priority in 2023, up from more than 30% in 2020.[15]
  • 32% of oil and gas respondents expected to establish a data-management framework within two to three years in 2023.[17]
  • 56% of upstream oil and gas organizations identified data security as a data-management priority for the next two years in 2023.[15]
  • 96% of upstream oil and gas organizations identified data centralization as a current or future data-management priority for the next two years in 2023.[15]
  • 14% of oil and gas respondents had an established data-management framework in 2023, one of the lowest rates among surveyed industries worldwide.[17]

KPIs in the crude oil industry

  • 10.0 kilograms of CO2 equivalent per barrel of oil equivalent was Saudi Aramco’s upstream carbon intensity in 2025.[18]
  • 7,000 barrels per day was Chevron’s net crude-oil production in Nigeria’s Usan region in 2024.[19]
  • 12.9 million barrels of oil equivalent per day was Saudi Aramco’s total hydrocarbon production in 2025.[18]
  • 96% reduction in field visits was reported for Canadian wells after digital ESP monitoring and optimization were implemented.[10]
  • 6.65 standard cubic feet per barrel of oil equivalent was Saudi Aramco’s flaring intensity in 2025.[18]
  • 10.7 million barrels per day was Saudi Aramco’s total liquids production in 2025.[18]

06 Statistics

Strategy & Growth

Demand growth slows toward a plateau while supply capacity expands, with the IEA projecting oil demand near 105.5 mb/d by 2030 and petrochemical feedstocks at 18.4 million barrels per day.

Growth in the crude oil industry

  • 0.8% was the increase in global oil demand in 2024, reaching 193 exajoules worldwide.[20]
  • 6% is the expected decline in upstream oil investment in 2025, to approximately $420 billion globally.[20]
  • 2.5 million barrels per day is the projected increase in global oil demand between 2024 and 2030.[20]
  • 0.65 million barrels per day was global oil-demand growth in 2025, equal to a 0.7% increase.[20]
  • 3.0 million barrels per day was the increase in global oil supply in 2025 compared with 2024.[20]
  • 8% per year is the estimated average decline in global oil production over the next decade without investment in existing fields.[20]

Differentiation in the crude oil industry

  • 45% was the share of Petrobras’s 2024 Sapinhoá consortium interest, with Shell holding 30% and Repsol Sinopec 25%.[21]
  • 0.1% is TotalEnergies’ target methane intensity for operated upstream oil and gas facilities by 2030.[22]
  • 136,000 barrels of oil equivalent per day was Petrobras’s attributable production from the Mero field in 2024.[21]
  • 2.434 million barrels of oil equivalent per day was TotalEnergies’ hydrocarbon production in 2024.[23]
  • 1.314 million barrels per day was TotalEnergies’ oil production in 2024, including bitumen.[22]
  • 99% of Petrobras’s global oil production came from Brazilian exploration and production assets in 2024.[21]

Mergers and acquisitions in the crude oil industry

  • $26 billion was the total transaction cost of Diamondback Energy’s acquisition of Endeavor Energy Resources, announced in 2024.[24]
  • $118.3 billion was upstream oil-and-gas transaction value in 2024.[25]
  • $61.3 billion was midstream oil-and-gas transaction value in 2024.[25]
  • $21 billion was aggregate global oil-and-gas transaction value above $100 million in the fourth quarter of 2024.[25]
  • 49 oil-and-gas transactions above $100 million were completed globally in the fourth quarter of 2024.[25]
  • $259 billion was the value of 280 oil-and-gas M&A deals in 2024, according to McKinsey analysis.[2]

Strategic partnerships in the crude oil industry

  • $2.9 billion was the additional estimated development-phase investment for that Petrobras consortium.[21]
  • 64 of Petrobras’s 95 consortia were operated by Petrobras at December 31, 2024.[21]
  • 55.56% was Ecopetrol’s working interest in the Tayrona Block consortium, with Petrobras holding 44.44%.[21]
  • 44.44% was Petrobras’s working interest in the Tayrona Block consortium with Ecopetrol.[21]
  • 32 new consortia were formed by Petrobras in 2024.[21]
  • 26 Pelotas Basin concession contracts signed in 2024 gave Petrobras 70% and Shell 30%.[21]

07 Statistics

People & Workforce

Workforce operations increasingly rely on training and hybrid arrangements; the sector recorded 12.4 million supply employment globally in 2023, up from 11.8 million in 2022.

Hiring in the crude oil industry

  • 64% of ExxonMobil’s global workforce was international in 2021.[26]
  • 23 energy-services companies supplied workforce data covering approximately 346,600 employees globally in the Energy Workforce & Technology Council’s 2024 study.[27]
  • 92% of the Energy Workforce & Technology Council’s 2024 workforce study represented companies included in both the 2021 and 2024 samples.[27]
  • 63% of ExxonMobil’s global workforce was international in 2024.[26]
  • 83,000 new oil and gas jobs were created by increased Middle Eastern supply investment in 2024.[28]

Employee retention in the crude oil industry

  • 74% was SLB’s global employee-engagement score in 2024, unchanged from 2023.[12]
  • ExxonMobil had 63,000 regular employees at year-end 2021.[26]
  • 93% of SLB employees participated in its global engagement survey in 2024.[12]
  • Oil and gas supply employment reached 12.4 million globally in 2023, up from 11.8 million in 2022.[28]
  • ExxonMobil had 62,000 regular employees at year-end 2023.[26]

Remote Work in the oil and gas sector (sector benchmark)

  • Among U.S. energy, natural-resources, and chemicals workers, 8% preferred fully remote work in KPMG’s 2025 survey.[29]
  • Across U.S. oil and gas extraction, 40.0% of positions were fully hybrid in 2024, based on five employer respondents.[30]
  • Across Canada’s mining, quarrying, and oil and gas extraction sector, 27.4% of employees were expected to work entirely on-site in the fourth quarter of 2025.[31]
  • Across Canada’s mining, quarrying, and oil and gas extraction sector, 2.3% of employees were expected to work entirely remotely in the fourth quarter of 2025.[31]
  • In energy, oil and gas offices, average capacity usage was 3.2% on Fridays in 2024, the lowest weekday level recorded for the sector.[32]

Hybrid Work in the oil and gas sector (sector benchmark)

  • Among U.S. energy, natural-resources, and chemicals workers, 25% preferred mostly remote work in KPMG’s 2025 survey.[29]
  • Among U.S. energy, natural-resources, and chemicals workers, 43% preferred mostly in-office work in KPMG’s 2025 survey.[29]
  • Across Canada’s mining, quarrying, and oil and gas extraction sector, 36.0% of employees were expected to work partly on-site and partly remotely in the fourth quarter of 2025.[31]
  • Across U.S. oil and gas extraction employers, 40% of surveyed positions were fully hybrid in 2023, based on five respondents.[30]

Upskilling in the crude oil industry

  • More than 43,000 SLB employees completed new working-conditions-requirements training in 2024.[12]
  • $51 million was spent on ExxonMobil corporate and technical training in 2024.[26]
  • 27% of surveyed oil and gas and chemicals executives said their companies currently retrain and reskill existing employees for future digital demand.[33]
  • $73 million was spent on ExxonMobil corporate and technical training in 2025.[26]
  • 67,000 ExxonMobil employees participated in corporate and technical training in 2024.[26]

Employee Engagement in the oil and gas sector (sector benchmark)

  • At California Resources Corporation, 86% of employees agreed in 2023 that they could depend on members of their team.[34]
  • At California Resources Corporation, 76% of employees agreed in 2023 that their job gave them flexibility to meet work and personal needs.[34]
  • Among oil, energy, and utilities employees, the engagement rate was 86% in the 2022–23 OE Engagement Report.[35]
  • At California Resources Corporation, 87% of employees agreed in 2023 that the people they work with treat each other with respect.[34]
  • Globally, 20% of employees were engaged in 2025, according to Gallup’s 2026 global report.[36]

DEI in the crude oil industry

  • 15% of ExxonMobil’s U.S. professional hires were Hispanic or Latino in 2025.[26]

08 Statistics

Customer & Sales

B2B sales cycles stay long, with a typical lead-generation and conversion timeline of 12 to 18 months in oil and gas.

Customer experience in the crude oil industry

  • 91.3 was DNV Energy Systems’ customer-relationship-strength score in 2023.[37]
  • 8% was MOL Group’s response rate for its 2023 B2B customer-satisfaction survey.[37]
  • 8.3 was Shell’s customer satisfaction index in 2022, based on global transactional surveys.[21]
  • 8.2 was Shell’s customer satisfaction index in 2021 across its global businesses and countries.[21]
  • 9.0 out of 10 was DNV Oil & Gas’s average customer-satisfaction score in 2019.[37]

Customer retention in the crude oil industry

  • 70% of a typical oilfield-service company’s business was attributed to repeat business and referrals in the 2024 sector survey.[38]
  • 16.4% was Star Gas’s gross customer-loss rate in 2003.[39]
  • 45% of oilfield-service customers used a supplier that had done work for them previously in the 2024 sector survey.[38]
  • 90% was Constellation’s C&I natural-gas customer-retention rate in 2017.[40]
  • 94% was Solaris Oilfield Infrastructure’s approximate customer-stickiness rate in 2021.[41]

Customer acquisition in the crude oil industry

  • $168 was the reported oil-and-gas cost per lead for customer acquisition.[42]
  • 85% was the reported share of oil-and-gas B2B social-media leads attributed to LinkedIn.[42]
  • 24% was Constellation’s power new-customer win rate in 2017.[43]
  • 36% was Constellation’s power new-customer win rate in 2019.[43]
  • 22% was the reported oil-and-gas opportunity-to-deal conversion rate.[42]

Customer loyalty in the crude oil industry

  • More than 4,000 stores offered Alimentation Couche-Tard’s Inner Circle loyalty program in 2024.[44]
  • 45% of oilfield-service customers used a supplier that had worked for them previously in the 2024 sector survey.[38]
  • 30 U.S. states had Alimentation Couche-Tard’s Inner Circle loyalty program in 2024.[44]
  • 13.8% was Shell’s global brand-share preference in 2022.[21]
  • 6% was ARKO’s year-over-year growth in fas REWARDS membership at the end of 2025.[45]

Lead generation in the crude oil industry

  • 23.4% was the reported oil-and-gas email open rate.[42]
  • 12 to 18 months was the typical oil-and-gas sales cycle reported for lead generation and conversion.[42]
  • 70% of typical oilfield-service business came from repeat business and referrals, indicating lead generation through existing-customer advocacy, in 2024.[38]
  • 4.0% was the reported lead rate for the Oil & Energy category in a 2026 prospecting-statistics dataset.[46]
  • 4.85 was the reported oil-and-gas Google Ads cost per click.[42]

09 Statistics

Marketing & Brand

Brand reporting mixes marketing spend with audience outcomes, including Shell’s $6.0 billion operating expense for marketing in oil, oil products and other activities worldwide in 2024.

Marketing in the crude oil industry

  • $3.9 billion was Shell’s 2024 operating expense for marketing non-energy products worldwide.[21]
  • More than 2,000 quality leads were generated in one year by Shawcor’s integrated energy-services marketing program.[47]
  • $6.0 billion was Shell’s 2024 operating expense for marketing in oil, oil products and other activities worldwide.[21]
  • $0.7 billion was Shell’s 2024 operating expense for marketing low-carbon energy solutions worldwide.[21]
  • $0.9 billion was Shell’s 2023 operating expense for marketing low-carbon energy solutions worldwide.[21]

Digital marketing in the crude oil industry

  • 25% or more was the increase in organic search traffic after Schlumberger relaunched redesigned websites for its oilfield-services businesses.[48]
  • 264% was the increase in time spent on Shawcor’s website after its oil-and-gas digital transformation.[47]
  • 650% was the increase in sales-qualified leads generated for Kathairos through paid media and inbound marketing targeting North American oil and gas operators.[49]
  • 1,505% was the increase in website pages produced or made available through Shawcor’s integrated energy-services website project.[47]
  • 2.17 million targeted account-based-marketing paid-media impressions were delivered for Kathairos in North America.[49]

Branding in the crude oil industry

  • $4.5 billion was Pioneer Natural Resources’ 2024 brand value after a 35% increase.[50]
  • $19.0 billion was ADNOC’s 2025 brand value, after it overtook BP and TotalEnergies in the oil and gas ranking.[50]
  • $444.1 billion was the combined 2025 brand value of the world’s 50 leading oil and gas brands.[50]
  • 82% was QatarEnergy’s increase in brand value in 2024, reaching $3.2 billion after integrating Qatargas.[50]
  • $41.7 billion was Aramco’s 2025 brand value, ranking it second among oil and gas brands.[50]

Social media in the crude oil industry

  • 50 U.S. energy and resource companies were included in the study’s country-level social-media sample.[51]
  • 71 annual-average new followers per post were recorded for Shell’s Instagram account in the same European oil and gas study.[52]
  • 4 of the 44 analyzed energy and resources companies used email lists.[51]
  • 44 energy and resources companies were analyzed in one cross-country study of corporate social-media use.[51]
  • 98% of the 44 analyzed energy and resources companies had email contacts.[51]

Influencer Marketing in the oil and gas sector (sector benchmark)

  • Shell’s official Instagram account averaged 183 comments per post among five leading European oil and gas companies analyzed over 2019–2022.[52]
  • One Shell influencer campaign made audiences 31% more likely to believe the company was committed to cleaner fuels, according to a campaign submission cited in 2023.[53]
  • At least 17 influencers promoting BP’s rewards app generated 675,000 likes and 5 million views across posts, according to analysis of campaigns through 2023.[53]
  • More than 100 influencers worldwide had been paid to promote fossil-fuel firms since 2017, in campaigns reported to have reached billions of people, according to a 2023 investigation.[53]
  • Nearly 60 million combined followers belonged to influencers identified in fossil-fuel partnership posts published worldwide since 2017, according to analysis published in 2023.[53]

10 Statistics

Operations & Execution

Refining capacity and run rates anchor execution, with global refinery crude runs forecast at 84.6 million barrels per day in 2026.

Process optimization in the crude oil industry

  • 3,308,735 barrels per calendar day was U.S. reforming capacity in 2024, with average reformer inputs of 2,716,079 barrels per day.[24]
  • 1,704,698 barrels per day was reforming capacity in U.S. PADD III in 2024, with reformer inputs of 1,458,800 barrels per day.[24]
  • 2,628,997 barrels per day was catalytic-cracking capacity in U.S. PADD III in 2024, with inputs of 2,317,896 barrels per day.[24]
  • 84.6 million barrels per day was the IEA forecast for average global refinery crude runs in 2026.[20]
  • 85.7 million barrels per day was global refinery crude throughput in December 2025 after seasonal maintenance unwound and unplanned outages diminished.[20]

Operational efficiency in the crude oil industry

  • 10.3 million barrels per day was Saudi Aramco’s total liquids production in 2024.[54]
  • 556.4 thousand barrels per day was Cenovus Energy’s U.S. refinery throughput in 2024, up from 459.7 thousand barrels per day in 2023.[21]
  • $27.11 per barrel of oil equivalent was Hess Corporation’s average U.S. production lifting cost in 2024.[21]
  • 12.4 million barrels of oil equivalent per day was Saudi Aramco’s total hydrocarbon production in 2024.[54]
  • 91% was Cenovus Energy’s crude-unit utilization in 2024, up from 78% in 2023.[21]

Quality management in the crude oil industry

  • 3% of U.S. liquid-pipeline incidents from 2019 through 2023 were excavation incidents.[55]
  • 15% of U.S. liquid-pipeline incidents from 2019 through 2023 were attributed to incorrect operations.[55]
  • 6.07 standard cubic feet per barrel of oil equivalent was Saudi Aramco’s upstream flaring intensity in 2024.[54]
  • 23% of U.S. liquid-pipeline incidents from 2019 through 2023 were attributed to corrosion failures.[55]
  • 45,235 barrels of crude oil were unintentionally released in PHMSA’s significant breakout-tank incidents from 2010 through August 2025.[56]

Supply chain in the crude oil industry

  • 99.7% was Saudi Aramco’s 2024 supply reliability rate.[18]
  • 3.5 million barrels per day is the projected level of Atlantic Basin refined-product exports in 2030.[20]
  • 4.8 million barrels per day was the decline in global crude-oil refinery inputs during the second quarter of 2026.[24]
  • 6% was the decline in global crude-oil refinery inputs during the second quarter of 2026.[24]
  • 7.1 million barrels per day is the projected Atlantic Basin crude surplus in 2030.[20]

Outsourcing / Offshoring in the oil and gas sector (sector benchmark)

  • Among supplementary outsourced or offshore resources in oil, gas and energy, 27% handled accounts payable or receivable in 2022.[57]
  • Across oil, gas and energy organizations, 24% had fully outsourced some contract-commercial-management activities in 2022.[57]
  • Across oil, gas and energy organizations, 16% used offshore resources for contract-commercial-management activities in 2022.[57]
  • Among supplementary outsourced or offshore resources in oil, gas and energy, 48% handled contract review and discovery in 2022.[57]
  • Among supplementary outsourced or offshore resources in oil, gas and energy, 81% focused on contract administration in 2022.[57]

11 Statistics

Finance & Pricing

Price assumptions drive planning; the World Bank forecasts Brent to average $91 per barrel in 2026, up from $69 per barrel in 2025.

Pricing strategy in the crude oil industry

  • $67.18 per barrel of oil equivalent was Frontera Energy’s produced crude-oil and gas sales price in 2024.[58]
  • $73.76 per barrel was Chevron’s worldwide average crude sales price in 2023.[37]
  • $74.01 per barrel was Frontera Energy’s Brent price reference in 2024.[58]
  • $77.47 per barrel was Chevron’s average crude sales price in Europe in 2024.[37]
  • $63.96 per barrel of oil equivalent was Frontera Energy’s oil-and-gas sales price net of purchases in 2024.[58]

Cost reduction in the crude oil industry

  • $16.43 per barrel was Chevron’s Europe average production cost in 2024.[37]
  • $3.37 per barrel was Chevron’s Australia average production cost in 2024.[37]
  • $6.80 per barrel was Chevron’s Asia average production cost in 2024.[37]
  • 8% was the increase in combined finding and lifting costs for selected global oil and gas companies from 2023 to 2024.[24]
  • $9.41 per barrel was Chevron’s U.S. average production cost in 2024.[37]

Profitability in the crude oil industry

  • $16.588 million was Frontera Energy’s net income in 2022.[58]
  • $905.249 million was Frontera Energy’s oil-and-gas sales revenue net of purchases in 2023.[58]
  • $70.11 per barrel of oil equivalent was Frontera Energy’s oil-and-gas sales price net of purchases in 2024.[58]
  • $92.038 million was Frontera Energy’s net income in 2023.[58]
  • $826.890 million was Frontera Energy’s net sales in 2024 after premiums and royalties.[58]

Financial planning in the crude oil industry

  • $113.3 billion was the 2023 capital expenditure of ExxonMobil, Chevron, Shell, bp, Equinor and TotalEnergies combined.[59]
  • $109.5–116.5 billion was the planned 2024 capital expenditure of six major international oil companies.[59]
  • $61.7–65.4 billion was the planned 2024 capital expenditure of 25 U.S.-listed exploration and production companies.[59]
  • 31% was the increase in Petrobras’s 2024–2028 investment plan compared with its 2023–2027 plan.[59]
  • $102 billion was Petrobras’s planned investment for 2024–2028.[59]

12 Statistics

Product & Service

Refining output metrics translate crude inputs into downstream products, including 2.65 gallons average processing gain per 42-gallon crude-oil barrel at U.S. refineries in 2023.

Product development in the crude oil industry

  • 2.65 gallons was the average processing gain per 42-gallon crude-oil barrel at U.S. refineries in 2023.[24]
  • $27.6 billion was ExxonMobil’s capital expenditure in 2024, supporting new oil and gas supply projects worldwide.[21]
  • 912.1 thousand barrels per day of refined products were produced by Pemex in 2024, 12.8% more than in 2023.[21]
  • $118 million was ExxonMobil’s net research and development cost in 2024, up from $84 million in 2023 and $74 million in 2022.[21]
  • 13.3 thousand barrels per day of asphalt were produced by Pemex in 2024, compared with 12.9 thousand barrels per day in 2023.[21]

Product lifecycle in the crude oil industry

  • 12.47 gallons of distillate fuel oil were produced from an average 42-gallon crude-oil barrel at U.S. refineries in 2023.[24]
  • 4.41 gallons of kerosene-type jet fuel were produced from an average 42-gallon crude-oil barrel at U.S. refineries in 2023.[24]
  • 0.38 gallons of lubricants were produced from an average 42-gallon crude-oil barrel at U.S. refineries in 2023.[24]
  • 19.57 gallons of finished motor gasoline were produced from an average 42-gallon crude-oil barrel at U.S. refineries in 2023.[24]
  • 0.71 gallons of residual fuel oil were produced from an average 42-gallon crude-oil barrel at U.S. refineries in 2023.[24]

After-sales in the crude oil industry

  • 7,738 Marathon-branded jobber outlets operated in 39 U.S. states, the District of Columbia and Mexico at December 31, 2024.[21]
  • 667 thousand barrels per day of gasoline were sold by Chevron in the United States in 2024.[21]
  • 386 thousand barrels per day of refined-product sales were attributable to Chevron affiliates in 2024.[21]
  • 8,500 Chevron- and Texaco-branded service stations were supplied directly or through retailers and marketers at year-end 2024, primarily in the southern and western United States.[21]
  • 1,161 direct-dealer locations were covered by Marathon Petroleum’s long-term supply contracts at December 31, 2024.[21]

Value proposition in the crude oil industry

  • 924 thousand barrels per day was Shell’s gas-and-diesel-oil sales volume in 2025.[21]
  • $121.97 was Calumet’s average specialty-products-and-solutions sales price per barrel in 2024.[21]
  • 2,753 thousand barrels per day was Shell’s total product-sales volume in 2025 across mobility, lubricants, sectors and decarbonisation.[21]
  • 662 thousand barrels per day was Shell’s sectors-and-decarbonisation product-sales volume in 2025.[21]
  • $121 billion was Saudi Aramco’s net income in 2023.[18]

13 Statistics

Sustainability & Ethics

Methane and flaring remain central to emissions reporting, including flaring at around 25% of fossil-fuel methane emissions in the Middle East and North Africa in 2024.

Sustainability in the crude oil industry

  • Around 5% of global oil and gas production met a near-zero-emissions standard in 2024.[20]
  • Flaring represented around 25% of fossil-fuel methane emissions in the Middle East and North Africa in 2024.[20]
  • Downstream operations accounted for approximately 15% of methane emissions from global oil and gas operations in 2024.[20]
  • Around 8 million abandoned onshore oil and gas wells existed globally in 2024.[20]
  • Emissions events detectable by satellite represented around 30% of Methane Alert and Response System observations in the Middle East and North Africa in 2024.[20]

ESG in the crude oil industry

  • 25.4% was OGCI member companies’ share of global oil and gas production on an operated basis in 2024.[60]
  • 6.9% was the increase in Saudi Aramco’s upstream methane emissions from 2024 to 2025.[18]
  • 0.04% was Saudi Aramco’s upstream methane intensity in 2025.[18]
  • 25% was the reduction in OGCI members’ aggregate upstream operated Scope 1 and 2 emissions from 2017 to 2024.[60]
  • 17.2 kilograms of CO2e per barrel of oil equivalent was the aggregate upstream operated carbon intensity of OGCI members in 2024.[60]

Ethics in the crude oil industry

  • 22 compliance reports remained under investigation at SBM Offshore at the end of 2025.[61]
  • 14% of energy-industry organizations conducted compliance risk assessments infrequently in 2024.[1]
  • 13.8 million hours of training and development were completed by Saudi Aramco employees in 2024.[18]
  • 65% of energy-industry regulatory compliance programs had a mixed organizational structure in 2024.[1]
  • 40% was the reduction in Saudi Aramco’s Tier 1 process-safety events in 2024.[18]

CSR in the crude oil industry

  • 470 employees worked for Gran Tierra Energy in 2025.[62]
  • 1.9% was the increase in people participating in Saudi Aramco-sponsored community programs in 2024.[18]
  • 15,400 people participated in Saudi Aramco-sponsored community programs in 2024.[18]
  • 336 employees worked for Gran Tierra Energy in 2022.[62]
  • 1 oil or chemical spill below one barrel was recorded by Gran Tierra Energy in 2023.[62]

Circular economy in the crude oil industry

  • 1.5 million tonnes of ExxonMobil’s non-hazardous operational waste were generated in 2024.[26]
  • 37.81 million kilolitres of water were discharged by Reliance Industries in fiscal 2023–24.[63]
  • 0.1 million tonnes of ExxonMobil’s non-hazardous operational waste were beneficially reused in 2024.[26]
  • Approximately 1 million barrels of exploration-and-production material were processed by Oxy’s Aggregate Recycle Facility in 2023.[64]
  • 0.1 million tonnes of ExxonMobil’s hazardous operational waste were beneficially reused in 2024.[26]

Carbon footprint in the crude oil industry

  • 0.09 metric tonnes of methane per 100 metric tonnes of throughput or production was ExxonMobil’s methane intensity in 2024.[26]
  • 16 million tonnes of CO2e were ExxonMobil’s Scope 1 greenhouse-gas emissions from flaring in 2024.[26]
  • 0.04% was Shell’s methane intensity for operated assets with marketed gas in 2024.[21]
  • 2.6 million tonnes were Hess’s gross greenhouse-gas emissions from operated oil and gas assets in 2024.[65]
  • 0.001% was Shell’s methane intensity for operated assets without marketed gas in 2024.[21]

15 Statistics

Globalization & Expansion

Interregional trade remains large, with 55 million barrels per day of crude oil, condensate and refined products moved through interregional oil trade in 2024 worldwide.

Globalization in the crude oil industry

  • 55 million barrels per day of crude oil, condensate and refined products moved through interregional oil trade in 2024 worldwide.[77]
  • 8,429 thousand barrels per day were imported by the United States in 2024.[78]
  • 9,877 thousand barrels per day were exported by the United States in 2024.[78]
  • 19.01 million barrels per day of crude oil were exported by OPEC members in 2024.[77]
  • 13,824 thousand barrels per day were imported by Europe in 2024.[78]

Cultural adaptation in the crude oil industry

  • 63% of ExxonMobil’s global employees were international employees in 2024.[26]
  • 28% of ExxonMobil’s global workforce were women in 2024.[26]
  • 29% of ExxonMobil’s executive workforce were women in 2024.[26]
  • 15 million dollars had been awarded through PetroChina’s Rumaila education fund for Iraqi students.[79]
  • 30% of ExxonMobil’s U.S. professional workforce were minorities in 2024.[26]

Supplier management in the crude oil industry

  • 68% of Harbour Energy’s new supplier contracts were with locally owned companies in 2024.[80]
  • 68% of Halliburton’s annual spend was represented by Tier 1 suppliers completing the company’s sustainability questionnaire in 2023.[37]
  • 87.1% of Equinor’s Brazil procurement spend was local in 2024.[81]
  • 62.3% of Equinor’s U.S. procurement spend was local in 2024.[81]
  • 89% of Halliburton’s annual spend was represented by Tier 1 suppliers engaged through its supplier platform in 2023.[37]

Stakeholder management in the crude oil industry

  • 2.7 billion dollars was Freeport-McMoRan’s cumulative community investment from 2009 through 2024.[82]
  • 89% of OMV’s registered grievances in 2024 came from sites that had already been assessed.[83]
  • 23.7 million dollars or more was invested in communities by Marathon Petroleum and MPLX in 2024.[76]
  • 1.1 million beneficiaries were reached by OMV social investments in 2024.[83]
  • 26 paid interns, including 20 in a process-technology program, participated in ExxonMobil’s 2024 Beaumont initiatives.[26]

Distribution channels in the crude oil industry

  • 55 million barrels per day of crude oil, condensate and refined products constituted interregional oil trade in 2024.[77]
  • 104.4 million barrels per day was world petroleum and other liquids supply in the first half of 2025.[24]
  • 28% of global shipping deadweight tonnage was represented by oil tankers in 2024.[24]

Key questions about the crude oil industry

How large is the 2026 global crude oil market?
Crude oil remains a roughly 79.6 million-barrel-per-day global industry in 2026, with world crude output at 79.55 mb/d.
What is the demand outlook in the 2024 to 2030 window?
The IEA forecasts global oil demand to increase by 2.5 million barrels per day from 2024 to 2030, reaching about 105.5 million barrels per day.
Which companies lead the crude oil industry?
ADNOC stands out for upstream exploration and production because its upstream directorate is responsible for oil and gas exploration, development and production, while ExxonMobil leads in integrated upstream, refining, and crude marketing since it reported $323.9 billion in 2025 sales and other operating revenue.
Where does technology adoption show up most clearly in crude operations?
Digital deployments are showing measurable operational changes, including a 90% reduction in well-planning time in Azerbaijan after engineers used generative AI to run thousands of scenarios.
How concentrated is crude supply in OPEC+ versus the rest of the world?
OPEC+ production averaged 36.64 million barrels per day in 2025 versus world crude production of 78.90 million barrels per day, implying about a 46% share on the EIA’s production definition.
What is driving pricing volatility into late 2026?
The World Bank forecasts Brent to average $91 per barrel in 2026, citing supply disruptions, depleted inventories, and heightened geopolitical risk.
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Samuel Norberg. (2026, November 10). Crude Oil Industry Statistics. Gitnux. https://gitnux.org/crude-oil-industry-statistics
MLA
Samuel Norberg. "Crude Oil Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/crude-oil-industry-statistics.
Chicago
Samuel Norberg. 2026. "Crude Oil Industry Statistics." Gitnux. https://gitnux.org/crude-oil-industry-statistics.

Sources & references

90 sources cited across this report

  1. deloitte.com
  2. mckinsey.com
  3. ey.com
  4. assets.ey.com
  5. ifs.com
  6. cdn.v6.asug.com
  7. energiesmedia.com
  8. publicissapient.com
  9. globalgbc.org
  10. halliburton.com
  11. bp.com
  12. slb.com
  13. nstauthority.co.uk
  14. jpt.spe.org
  15. spglobal.com
  16. files.seequent.com
  17. seequent.com
  18. aramco.com
  19. chevron.com
  20. iea.org
  21. sec.gov
  22. totalenergies.com
  23. prd-backoffice.totalenergies.com
  24. eia.gov
  25. cdn.hl.com
  26. corporate.exxonmobil.com
  27. energyworkforce.org
  28. iea.blob.core.windows.net
  29. kpmg.com
  30. naceweb.org
  31. doi.org
  32. vergesense.com
  33. prnewswire.com
  34. crc.com
  35. d36ps6jii4qpju.cloudfront.net
  36. gallup.com
  37. annualreports.com
  38. stratonomics-b2b.com
  39. openjurist.org
  40. investors.constellationenergy.com
  41. ir.solarisoilfield.com
  42. cufinder.io
  43. constellationenergy.gcs-web.com
  44. filecache.investorroom.com
  45. content-archive.fast-edgar.com
  46. sci-tech-today.com
  47. hexagroup.com
  48. mayple.com
  49. cleantechgrowthlab.com
  50. brandfinance.com
  51. frontiersin.org
  52. mdpi.com
  53. desmog.com
  54. korea.aramco.com
  55. api.org
  56. primis-meetings.phmsa.dot.gov
  57. worldcc.com
  58. fronteraenergy.mediaroom.com
  59. ogj.com
  60. ogci.com
  61. annualreport.sbmoffshore.com
  62. grantierra.com
  63. ril.com
  64. oxy.com
  65. hess.com
  66. epa.gov
  67. eur-lex.europa.eu
  68. propublica.org
  69. eenews.net
  70. liquidenergypipelines.org
  71. fanews.co.za
  72. web-assets.claroty.com
  73. cisco.com
  74. fticonsulting.com
  75. chemtrec.com
  76. financialfilings.com
  77. opec.org
  78. bccad.ae
  79. hkexnews.hk
  80. harbourenergy.com
  81. sustainability.equinor.com
  82. view.publitas.com
  83. csrd.bwdstrategic.com
  84. worldbank.org
  85. blogs.worldbank.org
  86. energy.ec.europa.eu
  87. reports.adnoc.ae
  88. shell.com
  89. agencia.petrobras.com.br
  90. cnoocltd.com