Size of the US Oil and Gas Extraction industry
NAICS 211, Oil and Gas Extraction. Every figure on this page was published by a federal statistical agency and carries its source and period. Palanor does not estimate: a period the agency didn’t publish shows as missing, and a figure it withheld shows as withheld.
Key figures
- Receipts (sales, shipments or revenue)
- $533 billion
- 2022 · Economic Census
All establishments, current dollars - Employment
- 109,474
- 2026-Q1 · Quarterly Census of Employment and Wages
Private-sector jobs in the third month of each quarter
Over time
How it has changed
Show the numbers
| Period | Value |
|---|---|
| 2026-Q1 | $291 billion |
| 2025-Q4 | $217 billion |
| 2025-Q3 | $227 billion |
| 2025-Q2 | $225 billion |
| 2025-Q1 | $257 billion |
| 2024-Q4 | $237 billion |
| 2024-Q3 | $251 billion |
| 2024-Q2 | $266 billion |
| 2024-Q1 | $255 billion |
| 2023-Q4 | $281 billion |
| 2023-Q3 | $276 billion |
| 2023-Q2 | $233 billion |
| 2023-Q1 | $250 billion |
| 2022-Q4 | $293 billion |
| 2022-Q3 | $354 billion |
| 2022-Q2 | $377 billion |
| 2022-Q1 | $292 billion |
| 2021-Q4 | $283 billion |
| 2021-Q3 | $232 billion |
| 2021-Q2 | $204 billion |
| 2021-Q1 | $181 billion |
| 2020-Q4 | $129 billion |
| 2020-Q3 | $99.9 billion |
| 2020-Q2 | $53.9 billion |
| 2020-Q1 | $133 billion |
| 2019-Q4 | $172 billion |
| 2019-Q3 | $168 billion |
| 2019-Q2 | $177 billion |
| 2019-Q1 | $174 billion |
| 2018-Q4 | $191 billion |
| 2018-Q3 | $198 billion |
| 2018-Q2 | $187 billion |
| 2018-Q1 | $181 billion |
| 2017-Q4 | $175 billion |
| 2017-Q3 | $156 billion |
| 2017-Q2 | $155 billion |
| 2017-Q1 | $158 billion |
| 2016-Q4 | $148 billion |
| 2016-Q3 | $136 billion |
| 2016-Q2 | $128 billion |
| 2016-Q1 | $112 billion |
| 2015-Q4 | $130 billion |
| 2015-Q3 | $147 billion |
| 2015-Q2 | $165 billion |
| 2015-Q1 | $165 billion |
| 2014-Q4 | $241 billion |
| 2014-Q3 | $279 billion |
| 2014-Q2 | $284 billion |
| 2014-Q1 | $271 billion |
| 2013-Q4 | $255 billion |
| 2013-Q3 | $264 billion |
| 2013-Q2 | $250 billion |
| 2013-Q1 | $238 billion |
| 2012-Q4 | $230 billion |
| 2012-Q3 | $219 billion |
| 2012-Q2 | $218 billion |
| 2012-Q1 | $232 billion |
| 2011-Q4 | $229 billion |
| 2011-Q3 | $218 billion |
| 2011-Q2 | $225 billion |
| 2011-Q1 | $205 billion |
| 2010-Q4 | $193 billion |
| 2010-Q3 | $180 billion |
| 2010-Q2 | $182 billion |
| 2010-Q1 | $201 billion |
| 2009-Q4 | $185 billion |
| 2009-Q3 | $167 billion |
| 2009-Q2 | $165 billion |
| 2009-Q1 | $174 billion |
| 2008-Q4 | $228 billion |
| 2008-Q3 | $306 billion |
| 2008-Q2 | $307 billion |
| 2008-Q1 | $246 billion |
| 2007-Q4 | $230 billion |
| 2007-Q3 | $206 billion |
| 2007-Q2 | $206 billion |
| 2007-Q1 | $181 billion |
| 2006-Q4 | $174 billion |
| 2006-Q3 | $181 billion |
| 2006-Q2 | $179 billion |
| 2006-Q1 | $181 billion |
| 2005-Q4 | $186 billion |
| 2005-Q3 | $160 billion |
| 2005-Q2 | $144 billion |
| 2005-Q1 | $133 billion |
Source: U.S. Bureau of Economic Analysis, GDP by Industry · Current dollars · Agency label: Oil and gas extraction
NAICS 2022 from 2022-Q1
Show the numbers
| Period | Value | NAICS |
|---|---|---|
| 2026-Q1 | 109,474 | 2022 |
| 2025-Q4 | 115,162 | 2022 |
| 2025-Q3 | 115,557 | 2022 |
| 2025-Q2 | 117,237 | 2022 |
| 2025-Q1 | 117,791 | 2022 |
| 2024-Q4 | 120,688 | 2022 |
| 2024-Q3 | 121,347 | 2022 |
| 2024-Q2 | 122,034 | 2022 |
| 2024-Q1 | 121,366 | 2022 |
| 2023-Q4 | 116,950 | 2022 |
| 2023-Q3 | 115,928 | 2022 |
| 2023-Q2 | 114,476 | 2022 |
| 2023-Q1 | 115,185 | 2022 |
| 2022-Q4 | 114,400 | 2022 |
| 2022-Q3 | 113,087 | 2022 |
| 2022-Q2 | 112,174 | 2022 |
| 2022-Q1 | 111,777 | 2022 |
| 2021-Q4 | 111,853 | 2017 |
| 2021-Q3 | 111,141 | 2017 |
| 2021-Q2 | 112,160 | 2017 |
| 2021-Q1 | 112,917 | 2017 |
| 2020-Q4 | 118,917 | 2017 |
| 2020-Q3 | 121,037 | 2017 |
| 2020-Q2 | 125,695 | 2017 |
| 2020-Q1 | 134,008 | 2017 |
| 2019-Q4 | 137,657 | 2017 |
| 2019-Q3 | 140,358 | 2017 |
| 2019-Q2 | 143,734 | 2017 |
| 2019-Q1 | 142,699 | 2017 |
Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private-sector jobs in the third month of each quarter
Show the numbers
| Period | Value |
|---|---|
| 2023 | 90,968 |
| 2022 | 84,770 |
| 2021 | 88,532 |
| 2020 | 100,245 |
| 2019 | 108,128 |
| 2018 | 107,630 |
| 2017 | 108,985 |
Source: U.S. Census Bureau, County Business Patterns · Paid employees in the pay period including March 12
NAICS 2022 from 2022-Q1
Show the numbers
| Period | Value | NAICS |
|---|---|---|
| 2026-Q1 | 6,052 | 2022 |
| 2025-Q4 | 6,091 | 2022 |
| 2025-Q3 | 6,109 | 2022 |
| 2025-Q2 | 6,123 | 2022 |
| 2025-Q1 | 6,132 | 2022 |
| 2024-Q4 | 6,223 | 2022 |
| 2024-Q3 | 6,241 | 2022 |
| 2024-Q2 | 6,269 | 2022 |
| 2024-Q1 | 6,299 | 2022 |
| 2023-Q4 | 6,386 | 2022 |
| 2023-Q3 | 6,405 | 2022 |
| 2023-Q2 | 6,416 | 2022 |
| 2023-Q1 | 6,376 | 2022 |
| 2022-Q4 | 6,432 | 2022 |
| 2022-Q3 | 6,417 | 2022 |
| 2022-Q2 | 6,426 | 2022 |
| 2022-Q1 | 6,432 | 2022 |
| 2021-Q4 | 6,483 | 2017 |
| 2021-Q3 | 6,491 | 2017 |
| 2021-Q2 | 6,521 | 2017 |
| 2021-Q1 | 6,543 | 2017 |
| 2020-Q4 | 6,666 | 2017 |
| 2020-Q3 | 6,709 | 2017 |
| 2020-Q2 | 6,787 | 2017 |
| 2020-Q1 | 6,842 | 2017 |
| 2019-Q4 | 7,025 | 2017 |
| 2019-Q3 | 7,063 | 2017 |
| 2019-Q2 | 7,055 | 2017 |
| 2019-Q1 | 7,121 | 2017 |
Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership
Show the numbers
| Period | Value |
|---|---|
| 2023 | 5,205 |
| 2022 | 5,276 |
| 2021 | 5,444 |
| 2020 | 5,779 |
| 2019 | 6,139 |
| 2018 | 6,277 |
| 2017 | 6,405 |
Source: U.S. Census Bureau, County Business Patterns
NAICS 2022 from 2022-Q1
Show the numbers
| Period | Value | NAICS |
|---|---|---|
| 2026-Q1 | $9.9 billion | 2022 |
| 2025-Q4 | $6.1 billion | 2022 |
| 2025-Q3 | $5.3 billion | 2022 |
| 2025-Q2 | $5.4 billion | 2022 |
| 2025-Q1 | $9.4 billion | 2022 |
| 2024-Q4 | $6.1 billion | 2022 |
| 2024-Q3 | $5.3 billion | 2022 |
| 2024-Q2 | $5.4 billion | 2022 |
| 2024-Q1 | $9.2 billion | 2022 |
| 2023-Q4 | $5.5 billion | 2022 |
| 2023-Q3 | $4.9 billion | 2022 |
| 2023-Q2 | $4.7 billion | 2022 |
| 2023-Q1 | $8.7 billion | 2022 |
| 2022-Q4 | $5.3 billion | 2022 |
| 2022-Q3 | $4.7 billion | 2022 |
| 2022-Q2 | $4.7 billion | 2022 |
| 2022-Q1 | $7.6 billion | 2022 |
| 2021-Q4 | $5.2 billion | 2017 |
| 2021-Q3 | $4.2 billion | 2017 |
| 2021-Q2 | $4.2 billion | 2017 |
| 2021-Q1 | $6.5 billion | 2017 |
| 2020-Q4 | $5.2 billion | 2017 |
| 2020-Q3 | $4.7 billion | 2017 |
| 2020-Q2 | $4.9 billion | 2017 |
| 2020-Q1 | $8.6 billion | 2017 |
| 2019-Q4 | $5.8 billion | 2017 |
| 2019-Q3 | $5.6 billion | 2017 |
| 2019-Q2 | $5.5 billion | 2017 |
| 2019-Q1 | $8.8 billion | 2017 |
Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership
Show the numbers
| Period | Value |
|---|---|
| 2023 | $17.5 billion |
| 2022 | $14.7 billion |
| 2021 | $13.2 billion |
| 2020 | $14.3 billion |
| 2019 | $15.9 billion |
| 2018 | $15.4 billion |
| 2017 | $14.1 billion |
Source: U.S. Census Bureau, County Business Patterns
The ledger
Every published measure
| Measure | Source | Latest | Period | History |
|---|---|---|---|---|
| Value added (GDP by industry)Current dollars | GDP by Industry | $231 billion | 2025 | 1997–2025 · 29 published |
| Value added, seasonally adjusted annual rateCurrent dollars | GDP by Industry | $291 billion | 2026-Q1 | 2005-Q1–2026-Q1 · 85 published |
| EmploymentPrivate-sector jobs in the third month of each quarter | Quarterly Census of Employment and Wages | 109,474 | 2026-Q1 | 2019-Q1–2026-Q1 · 29 published |
| EstablishmentsPrivate ownership | Quarterly Census of Employment and Wages | 6,052 | 2026-Q1 | 2019-Q1–2026-Q1 · 29 published |
| Total wages in the quarterPrivate ownership | Quarterly Census of Employment and Wages | $9.9 billion | 2026-Q1 | 2019-Q1–2026-Q1 · 29 published |
| Annual payroll | County Business Patterns | $17.5 billion | 2023 | 2017–2023 · 7 published |
| EmploymentPaid employees in the pay period including March 12 | County Business Patterns | 90,968 | 2023 | 2017–2023 · 7 published |
| Establishments | County Business Patterns | 5,205 | 2023 | 2017–2023 · 7 published |
| Annual payroll | Economic Census | $10.8 billion | 2022 | 2017–2022 · 2 published |
| EmploymentPaid employees in the pay period including March 12 | Economic Census | 105,987 | 2022 | 2017–2022 · 2 published |
| Establishments | Economic Census | 4,951 | 2022 | 2017–2022 · 2 published |
| Firms | Economic Census | 3,945 | 2022 | 2017–2022 · 2 published |
| Receipts (sales, shipments or revenue)All establishments, current dollars | Economic Census | $533 billion | 2022 | 2017–2022 · 2 published |
Breakdown
Industries within Oil and Gas Extraction
| NAICS | Industry | Size | Employment |
|---|---|---|---|
| 2111 | Oil and Gas Extraction | $533 billionReceipts · 2022 · Economic Census | 109,4742026-Q1 · QCEW |
Companies
Public companies in this industry
Companies Palanor tracks whose GICS classification maps to NAICS 211. The mapping is Palanor’s, one GICS sub-industry to one NAICS code; a company’s own mix of business can span several.
- APA APA Corporation
- CVX Chevron Corp.
- CHRD Chord Energy
- COP ConocoPhillips
- DVN Devon Energy
- FANG Diamondback Energy
- EOG EOG Resources
- EQT EQT Corporation
- EXE Expand Energy
- XOM Exxon Mobil Corporation
- MTDR Matador Resources
- OXY Occidental Petroleum
- PR Permian Resources
- RRC Range Resources
- TPL Texas Pacific Land Corporation
Sources
Where every number comes from
- GDP by Industry, U.S. Bureau of Economic Analysis. Quarterly and annual. Public domain (U.S. Government work). Terms.
- Quarterly Census of Employment and Wages, U.S. Bureau of Labor Statistics. Quarterly. Public domain (U.S. Government work). Terms.
- County Business Patterns, U.S. Census Bureau. Annual. Public domain (U.S. Government work). Terms.
- Economic Census, U.S. Census Bureau. Every five years (2017, 2022). Public domain (U.S. Government work). Terms.
Figures are in current dollars and are the agencies’ own, revised when they revise. Each program defines its universe differently (employer firms, private ownership, all establishments), so figures from different sources are not meant to add up. This page is not endorsed by the Census Bureau, BEA or BLS. The same data is in the Palanor API (/v1/industries) and the MCP (palanor_get_industry). All industries.