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Global Oil & Gas Exploration & Production - Market Size (2005–2030)

B0531-GL Last Updated: April 2025

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$4.2tr

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Global Oil & Gas Exploration & Production Market Size in 2025
-1.3%

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 Global Oil & Gas Exploration & Production Market Size Growth in 2025
15.2%

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 Global Oil & Gas Exploration & Production Market Size CAGR 2020-2025

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 Global Oil & Gas Exploration & Production Market Size CAGR 2025-2030

Curious about what drives these trends? IBISWorld's Global Oil & Gas Exploration & Production Industry Report has got you covered.

Questions Clients Ask About This Industry

  • What was the market size of the Global Oil & Gas Exploration & Production in 2024?

    The market size of the Global Oil & Gas Exploration & Production was $4.2tr in 2024.

  • What was the growth rate of the Global Oil & Gas Exploration & Production in 2024?

    The market size of the Global Oil & Gas Exploration & Production increased 1.9% in 2024.

  • What was the market size of the Global Oil & Gas Exploration & Production in 2025?

    The market size of the Global Oil & Gas Exploration & Production is $4.2tr in 2025.

  • What is the growth rate of the Global Oil & Gas Exploration & Production in 2025?

    The market size of the Global Oil & Gas Exploration & Production decreased -1.3% in 2025.

  • Has the Global Oil & Gas Exploration & Production grown or declined over the past 5 years?

    The market size of the Global Oil & Gas Exploration & Production has grown at a 1.9% CAGR between 2019 and 2024.

  • Is the Global Oil & Gas Exploration & Production expected to grow or decline over the next five years?

    See our full analysis of the Global Oil & Gas Exploration & Production to understand if the industry market size is expected to grow or decline over the next five years.

  • Has the Global Oil & Gas Exploration & Production grown or declined over the past 5 years?

    The market size of the Global Oil & Gas Exploration & Production has grown at a 15.2% CAGR between 2020 and 2025.

  • Is the Global Oil & Gas Exploration & Production expected to grow or decline over the next five years?

    See our full analysis of the Global Oil & Gas Exploration & Production to understand if the industry market size is expected to grow or decline over the next five years.

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