The oil and gas industry has brought in over a trillion U.S. dollars in annual profits for much of the past decade. Despite a decrease in 2020 when the coronavirus pandemic reduced fuel demand, oil & gas profits have remained high. A peak of over 2.5 trillion U.S. dollars was reported in 2008, 2011 and 2012. The figures reflect profits less costs of production and translate into 2.8 billion U.S. dollars of daily profits over the past 50 years.
Estimated total profits of the oil and gas industry worldwide from 1970 to 2020 (in trillion U.S. dollars)
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About the region
10
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- Basic Statistic Occidental Petroleum's number of employees 2010-2023
- Basic Statistic TotalEnergies' proved reserves 2023, by region
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Selected statistics
10
- Basic Statistic Nabors Industries' net income 2002-2020
- Basic Statistic Nabors Industries' total assets 2002-2020
- Basic Statistic Cameron International's number of employees 2008-2015
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- Basic Statistic Eni S.p.A.'s oil spills from operations 2009-2019
- Premium Statistic Schlumberger Limited's revenue 2008-2023
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- Premium Statistic ExxonMobil Chemical products' net income 2001-2023
- Basic Statistic BASF's revenue in the Oil & Gas segment 2007-2017
- Premium Statistic Glencore's sales of energy products 2010-2023
Other regions
10
- Basic Statistic Active oil and gas rigs in the U.S. 2022-2024
- Basic Statistic Leading crude petroleum and natural gas companies in the Nordics 2022, by turnover
- Premium Statistic Leading crude petroleum and natural gas companies in Norway 2022, by turnover
- Premium Statistic Leading crude petroleum and natural gas companies in the Nordics 2020, by employees
- Premium Statistic Canadian Natural's revenue 2012-2023
- Premium Statistic Offshore rig count in Northwest Europe by contract type 2021-2024
- Premium Statistic Ecopetrol: EBITDA 2014-2022
- Premium Statistic Oil and gas extraction output index in the United Kingdom (UK) 2015-2019
- Premium Statistic Total proved oil reserves in Australia 2010-2020
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Related statistics
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- Basic Statistic U.S. oil and gas rig usage change due to oil crisis as of March 2020, by basin
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- Premium Statistic Total assets of Imperial Oil 2009-2020
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Further related statistics
10
- EOG Resources' total assets 2009-2020
- Global oil production share 2010-2022, by region
- OPEC's crude oil production 1998-2022
- Oil production in Venezuela 2008-2022
- Oil production in Libya 1998-2022
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- Eni S.p.A.'s refinery throughputs 2009-2019
- Noble Energy's natural gas sales volumes 2009-2019
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Statistics
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Statista. (July 21, 2022). Estimated total profits of the oil and gas industry worldwide from 1970 to 2020 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved May 11, 2024, from https://www.statista.com/statistics/1325507/oil-and-gas-industry-profits-worldwide/
Statista. "Estimated total profits of the oil and gas industry worldwide from 1970 to 2020 (in trillion U.S. dollars)." Chart. July 21, 2022. Statista. Accessed May 11, 2024. https://www.statista.com/statistics/1325507/oil-and-gas-industry-profits-worldwide/
Statista. (2022). Estimated total profits of the oil and gas industry worldwide from 1970 to 2020 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: May 11, 2024. https://www.statista.com/statistics/1325507/oil-and-gas-industry-profits-worldwide/
Statista. "Estimated Total Profits of The Oil and Gas Industry Worldwide from 1970 to 2020 (in Trillion U.S. Dollars)." Statista, Statista Inc., 21 Jul 2022, https://www.statista.com/statistics/1325507/oil-and-gas-industry-profits-worldwide/
Statista, Estimated total profits of the oil and gas industry worldwide from 1970 to 2020 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1325507/oil-and-gas-industry-profits-worldwide/ (last visited May 11, 2024)
Estimated total profits of the oil and gas industry worldwide from 1970 to 2020 (in trillion U.S. dollars) [Graph], Statista, July 21, 2022. [Online]. Available: https://www.statista.com/statistics/1325507/oil-and-gas-industry-profits-worldwide/