Global Oil & Gas Exploration & Production - IBISWorld Industry Market Research

Global Oil & Gas Exploration & Production

Global Oil & Gas Exploration & Production - IBISWorld Industry Market Research
Global Oil & Gas Exploration & Production
Published Aug 19, 2015
35 pages — Published Aug 19, 2015
Price US$ 825.00  |  Buy this Report Now

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The Global Oil and Gas Exploration and Production industry is expected to generate revenue of $3.7 trillion in 2015, up from $3.0 trillion in 2010, yielding an annualized growth rate of 4.6% over the five years to 2015. However, revenue is expected to fall 8.7% in 2015, as oil and gas prices remain weak. This represents a slowdown from extremely large gains in 2011 and 2012, when energy prices surged. Short-term spikes in the price of oil and gas have largely driven the industry's expansion over the period. However, the industry experienced significant pitfalls during the global recession, when revenue dropped drastically in 2009.

Industry operators 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.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Global Oil & Gas Exploration & Production" Aug 19, 2015. Alacra Store. Oct 25, 2016. <>
IBISWorld Industry Market Research. (2015). Global Oil & Gas Exploration & Production Aug 19, 2015. New York, NY: Alacra Store. Retrieved Oct 25, 2016 from <>
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