This question is about oil and gas industry statistics.

How big is the oil and gas industry?

By Zippia Team - Jun. 29, 2022

The market value of the oil and gas industry is $5 trillion. This is the value of the global oil and gas exploration and production industry, so it accounts for everything from efforts to find crude oil and natural gas to the refinement, transportation, and sale of those materials.

In the U.S., the oil and gas industry earned $110.7 billion in revenue in 2020, and it supports 10.3 million jobs. The U.S.'s oil drilling and gas extraction industry alone employs 218,966 people and contributes $463.8 billion to the economy.

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