This statistic presents the forecast of Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of Chevron Corp for 2021 and 2022. The EBITDA of Chevron was expected to amount to approximately 38.6 billion U.S. dollars in 2021.

Snapshot img { margin: 10px !important; } The global natural gas market has the potential to grow by USD 137.51 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by resource type (conventional and unconventional) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., PetroChina Co. Ltd., PJSC Gazprom, Royal Dutch Shell Plc, Saudi Arabian Oil Co., Suncor Energy Inc., and TOTAL SA.

Market Overview

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Market Competitive Analysis

The natural gas market is currently highly fragmented, and the degree of fragmentation will remain the same during the forecast period. Vendors are focusing on unconventional exploration and production activities to increase revenue generation. BP Plc, Chevron Corp., ConocoPhillips Co., and Exxon Mobil Corp. are some of the major market participants. Although the investments in upstream projects will offer immense growth opportunities, the environmental concerns related to drilling will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this natural gas market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this natural gas market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading natural gas companies, including:

BP Plc
Chevron Corp.
ConocoPhillips Co.
Exxon Mobil Corp.
PetroChina Co. Ltd.
PJSC Gazprom
Royal Dutch Shell Plc
Saudi Arabian Oil Co.
Suncor Energy Inc.
TOTAL SA

Natural Gas Market: Segmentation by Region

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North America was the largest market for natural gas in 2019, and the region will continue to offer maximum growth opportunities to vendors. The natural gas production output in North America has increased significantly in recent years owing to unconventional exploration and production activities, such as drilling, in shale reserves in the region.

Over 36% of the market’s growth will originate from North America during the forecast period. The growing number of onshore and offshore natural gas projects and rising investments and initiatives undertaken by various governments will contribute to the natural gas market size growth in the region. The US and Canada are the key markets for natural gas in North America. Market growth in this region will be faster than the growth of the market in other geographies.

Natural Gas Market: Segmentation by Resource Type

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Oil and natural gas production from conventional resources hold a significant share in the oil and gas industry. The availability of conventional resources of natural gas is high in natural gas-producing countries such as Russia, Iran, Qatar, and China. The rising demand for natural gas and increasing investments in the upstream sector are driving the growth of the global natural gas market by the conventional segment.

However, market growth by the conventional segment will be slower than the growth of the market by the unconventional segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the natural gas market size.

Natural Gas Market: Key Drivers and Trends

The growing population and industrial development have been increasing the demand for energy across the world. Therefore, many countries are exploring untapped oil and gas resources with the help of technological advances in the oil and gas industry. Moreover, oil and gas operators are increasingly investing in mature oil and gas fields to overcome the issue of declining conventional oilfields and maximize their revenue. Such increasing investments in the upstream oil and gas sector across the world

Snapshot img { margin: 10px !important; } The fuel oil market size will decrease by USD 84.77 billion during 2020-2024. This report provides a detailed analysis of the market by application (marine, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp., Exxon Mobil Corp., JXTG Holdings Inc., PJSC LUKOIL, PT Pertamina(Persero), Qatar Petroleum, Reliance Industries Ltd., Royal Dutch Shell Plc, and SK Innovation Co. Ltd.

Market Overview

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Market Competitive Analysis

The fuel oil market is fragmented with numerous vendors that produce and supply fuel oil to customers. Vendors need to make high capital investments to remain competitive in the market. BP Plc, Chevron Corp., and Exxon Mobil Corp. are some of the major market participants. Although the rise in world energy demand will offer immense growth opportunities, the fluctuations in crude oil prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this fuel oil market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this fuel oil market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

BP Plc
Chevron Corp.
Exxon Mobil Corp.
JXTG Holdings Inc.
PJSC LUKOIL
PT Pertamina(Persero)
Qatar Petroleum
Reliance Industries Ltd.
Royal Dutch Shell Plc
SK Innovation Co. Ltd.

Fuel Oil Market: Segmentation by Application

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The primary requirement of any marine engine is to propel the ship or generate onsite power by using the energy obtained from burning fuel oil. The mega marine engines of ships burn tons of fuel every day to propel the massively loaded ships. The rise in demand for bunker fuel oil due to the growing seaborne trade and growing naval activities will drive the demand for fuel oil for marine.

However, market growth in this segment will be slower than the growth of the market in the industrial and other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the fuel oil market size.

Fuel Oil Market: Segmentation by Geography

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North America will offer several growth opportunities to market vendors during the forecast period. The strong consumption of space heating fuel, growing refinery capacity, and proliferating marine trade will significantly influence fuel oil market growth in this region over the forecast period. The US is a key market for fuel oil in North America.

Fuel Oil Market: Key Drivers and Trends

The fluctuation in oil prices has affected the business of several oil and gas companies and refinancing companies. As a result, crude oil processing projects generate less revenue and many oil and gas companies suspend or postpone their exploration and production projects. Fluctuations in crude oil prices also impact investments in E&P and refining projects. Such factors will result in a slowdown in the growth of the global fuel oil market during the forecast period.

The adoption of blockchain in the oil and gas industry helps in overcoming several issues including the complexity of logistics, high fuel prices, and environmental pollution. Blockchain platforms facilitate secure and faster transactions between the entities and maintain transparency. Blockchain also helps in reducing cash cycle time and intermediary costs. These benefits will result in an increase in the adoption of blockchain to enhance the overall operational efficiency of the existing refineries. As a result of such factors, the fuel oil market will register a CAGR of (13)% during the forecast period.

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Fuel Oil Market: Key Highlights of the Report for 2020-2024

CAGR of the market

Snapshot img { margin: 10px !important; } The global diesel fuel market has the potential to grow by USD 92.15 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by end-user (transportation, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp, Exxon Mobil Corp., PetroChina Co. Ltd., Qatar Petroleum, Reliance Industries Ltd., Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co., and SK Energy Co. Ltd.

Market Overview

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Market Competitive Analysis

The diesel fuel market is currently fragmented, and the degree of fragmentation will remain the same during the forecast period. Established vendors are adopting inorganic growth strategies such as mergers and acquisitions and partnerships to expand their geographic outreach. BP Plc, Chevron Corp, Exxon Mobil Corp., and PetroChina Co. Ltd. are some of the major market participants. Although the increasing oil and gas E&P investments will offer immense business opportunities, the adoption of alternative fuel vehicles will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this diesel fuel market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this diesel fuel market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading diesel fuel companies, including:

BP Plc
Chevron Corp
Exxon Mobil Corp.
PetroChina Co. Ltd.
Qatar Petroleum
Reliance Industries Ltd.
Rosneft Oil Co.
Royal Dutch Shell Plc
Saudi Arabian Oil Co.
SK Energy Co. Ltd.

Diesel Fuel Market: Segmentation by Region

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APAC will offer several growth opportunities to market vendors during the forecast period. In APAC, the rising number of automobiles and growing energy demand in developing countries has increased the need for crude oil and refined products such as diesel fuel. As per the IEA, the demand for oil is rising in countries such as China and India.

About 44% of the market’s growth will originate from APAC during the forecast period. The region is witnessing a significant increase in the average consumer spending owing to stable economic development. This will subsequently drive the growth of industries such as automobile, thereby driving the consumption of diesel fuel in the region. China, India, Japan, and South Korea are the key markets for diesel fuel in APAC. Market growth in this region will be faster than the growth of the market in other geographies.

Diesel Fuel Market: Segmentation by End-user

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Diesel is primarily used in the primary modes of urban mobility and transportation such as public transportation, private transportation, and freight transportation. The number of vehicles on the road is expected to increase with the growing urban population. Hence, the increased deployment of vehicles due to the rise in urbanization and industrialization will augment the consumption of diesel fuel.

The market growth by the transportation segment will be faster than the growth of the market by other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the diesel fuel market size.

Diesel Fuel Market: Key Drivers and Trends

The growing population and industrial development have been increasing the demand for energy across the world. To meet the increasing demand, untapped oil and gas resources are being explored with advanced techniques. Furthermore, to maximize the revenue, oil and gas companies are increasingly investing in mature oil and gas fields. Oil and gas exploration and production (E&P) companies have increased their investments in shale

According to Cognitive Market Research, the global Hydrotreated Vegetable Oil market size will be USD 18241.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 13.20% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7296.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5472.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4195.55 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 912.08 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 364.83 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2025 to 2033.
The power generation category is the fastest growing segment of the Hydrotreated Vegetable Oil industry

Market Dynamics of Hydrotreated Vegetable Oil Market

Key Drivers for Hydrotreated Vegetable Oil Market

Increasing Demand for Renewable Energy and Sustainable Fuels to Boost Market Growth

The growing global emphasis on reducing carbon emissions and transitioning to sustainable energy sources has significantly boosted the demand for Hydrotreated Vegetable Oil (HVO). HVO, a biofuel derived from vegetable oils, is considered an eco-friendly alternative to traditional fossil fuels due to its lower carbon footprint and renewable nature. Governments worldwide are implementing stricter emissions regulations, alongside promoting the use of cleaner fuels, which has accelerated the adoption of HVO in sectors like transportation and industrial applications. The growing number of countries incorporating biofuels into their renewable energy targets and the development of infrastructure to support their use has positioned HVO as a vital component of the clean energy transition. This trend is particularly strong in Europe and North America, where significant investments are being made in HVO production facilities to meet the increasing demand for sustainable fuels. For instance, Chevron Corporation completed its previously announced acquisition of Renewable Energy Group, Inc., following approval by REG stockholders. With the acquisition, both companies have brought together complementary capabilities, assets, and customer relationships to make Chevron one of the leading renewable fuel companies in the United States. (Source: https://www.chevron.com/newsroom/2022/q2/chevron-completes-acquisition-of-renewable-energy-group)

Government Incentives and Support for Biofuels to Drive Market Growth

Government policies and incentives play a pivotal role in promoting the growth of the Hydrotreated Vegetable Oil (HVO) market. Various countries have introduced subsidies, tax exemptions, and mandates to promote the use of biofuels in the transportation and energy sectors. This support encourages investments in HVO production technologies and the establishment of biofuel infrastructure, such as blending stations and distribution networks. In Europe, the Renewable Energy Directive (RED II) has set ambitious targets for renewable fuel usage, including HVO, spurring demand. Similarly, North America has seen rising support for biofuels in line with sustainability goals and renewable energy initiatives. These favourable policies, combined with public-private partnerships, create a robust market environment for HVO adoption. Furthermore, governments are funding research into improving HVO production efficiency and expanding feedstock sources, such as waste oils, making HVO more cost-competitive with traditional fuels.

Restraint Factor for the Hydrotreated Vegetable Oil Market

High Production Costs will Limit Market Growth

The production of Hydrotreated Vegetable Oil (HVO) involves complex and energy-intensive processes, including hydrogenation and hydrocracking of vegetable oils. These processes require advanced technology, significant capital investment, and high energy consumption, which contribute to the overall high cost of production. The cost of raw ...

According to Cognitive Market Research, the Worldwide Alkylate market will be worth USD 11542.2 million in 2023 and expand at a compound annual growth rate (CAGR) of 10.60% from 2023 to 2030. Increased Growth in the Market for Fuel with High Efficiency to Provide Viable Market Output

A key economic indicator, the car industry, is about to adopt new advances and technologies. Moreover, the car industry is driven by consumers' need for unique and pricey features. Globally, today's customers use all-purpose automobiles, increasing global auto sales. The internal combustion engine, which powers most cars, can only run on petrol or diesel. As a result, the need for petrol is rising dramatically, and combustion engine-based powertrains will remain the industry standard for the foreseeable future. Alkylation has become a crucial refinery process because of the growing need for high-octane and low-vapor-pressure petrol blending components. Complying with the strict laws and regulations of the government will be even more crucial.

For instance, Chevron and Honeywell reported in April 2021 the commissioning and startup of the world's first ISOALKYTM process unit on a commercial scale, which produces alkylate by using ionic liquids. One significant advancement in alkylation technology is the ISOALKYTM technology.

Source-www.honeywell.com/us/en/press/2021/04/chevron-and-honeywell-announce-start-up-of-world-s-first-commercial-isoalky-ionic-liquids-alkylation-unit

Increased Use of Derivatives, namely Lubricants and Petrol, to Propel Market Growth

In refining petroleum, many refinery products are produced from crude oil. Many refineries worldwide employ the second-generation refinery unit process of alkylation to add high-octane compounds. It is a useful procedure with several uses that involve introducing alkyl chains to a substrate molecule. Alkylation converts low-molecular-weight alkenes and paraffins into alkylate to make high-octane petrol. High-octane hydrocarbons are necessary to meet engine octane requirements and prevent gasoline auto-ignition, or "knocking," in an engine. Long-term worldwide demand for premium petrol is fuelled by macro factors, including the emergence of high-compression engines that require low vapor pressure and a steadily growing consumer base.

For instance, Lummus Technology announced the ZPC massive alkylation plant in China will begin operations in March 2021. With a capacity of 45,000 BPSD for alkylating products, this unit is the biggest alkylation unit that Lummus has ever licensed.

Source-www.lummustechnology.com/news/releases/press-2021-9338d8e66269fd928a04051ef5d9b69a/one-of-the-world%e2%80%99s-largest-alky-units-achieves-suc

Market Restraints of the Alkylate Market

Safety Issues about Alkylation Technology to Restrict Market Growth

The acid-based alkylation method for petrol mixing uses sulfuric acid or hydrogen fluoride as the catalyst. However, the sulfuric acid alkylation and the hydrogen fluoride alkylation reactions are both hazardous due to the extreme corrosiveness of the strong acid catalysts. Refineries that apply alkylation techniques based on acid need a variety of metals for their equipment. In addition, they need to install expensive safety measures to safeguard their workers, the surrounding area, and the environment. The owners and operators often check the safety of their units since they are very worried about the safety of the alkylation process. However, industrial processes carry some danger; the alkylation process is no exception.

Impact of the Covid-19 on Alkylate Market

The current coronavirus epidemic significantly impacted the market for alkylate. The pandemic has reduced demand for premium fuel, which has caused the octane spread to tighten and the price of alkylate to decline. Excess supply and narrow combining margins for luxury RBOB are impeding the expansion of the alkylate industry. In April, when the coronavirus outbreak was at its worst, providers kept surplus alkylate in storage with plans to use it until the summer of 2021. Alkylate flows have been slowed as a result of refineries working in a staggered manner.
What is Alkylate?

Propylene, isobutene, and butylene are examples of the longer-branched hydrocarbons produced during the alkylation of olefins. Alkylates are high-octane hydrocarbons that result from alkylation used. Blending this...

Oil and gas producers have experienced significant revenue volatility. Changes in oil and gas prices, exchange rate movements, annual production volumes, and domestic and export demand for oil and gas all influence the industry’s performance. Output has expanded over the past decade, while world oil and natural gas prices have displayed significant volatility. Australia's natural gas production, which comprises most of the industry, has soared over the past decade as new gas fields have been developed to feed Australia's liquefied natural gas (LNG) facilities. Global trade in LNG has expanded, with growing demand for LNG in Asian markets and weakness in the Australian dollar benefiting Australian producers. The industry has invested in several major gas export projects over the past decade, which have increased Australia's LNG production capacity to 88.0 million tonnes per annum. Industry revenue is expected to have inched upwards at an annualised 0.5% over the five years through 2024-25, to $100.3 billion. Rising oil and gas prices in the fallout of the Russia-Ukraine conflict sent revenue skyrocketing and expanded the industry’s profitability over the two years through 2022-23. However, industry revenue is expected to fall for the second consecutive year in 2024-25, dropping 5.0%, as prices for oil and liquified petroleum gas continue to recede and volumes drop. Recent high prices have caused some projects to be restarted and new projects to be green-lit. However, the major oil and gas producers have taken the opportunity to futureproof their portfolios, divesting low-quality assets in the face of rising public concern over environmental issues. Merger and acquisition activity in global oil and gas markets is set to intensify as producers look to consolidate their position and strengthen their balance sheets. Government intervention in domestic gas markets has also created regulatory uncertainty, which is likely to constrain investment in Australia's oil and gas sector going forwards. Ongoing price declines and falling oil and gas production will drive a forecast annualised 5.9% drop in industry revenue over the five years through 2029-30, to $73.8 billion.