The value added by the U.S. oil and gas extraction industry amounted to ***** billion U.S. dollars in 2024. This was a small decrease from the previous year, but an increase compared to before 2021, which saw a decline in oil product demand due to pandemic-induced lockdowns. Energy supply fears following the Russia-Ukraine war as well as a return to pre-pandemic-level economic activity are partly responsible for the increase in value added noted in 2022. The close connection between 'value added' and crude oil prices The term 'value added' here refers to the difference between the industry's gross output and the cost of production. In the oil and gas industry, the annual value added is majorly influenced by the impact of world market developments on crude oil prices. As these prices underlay market speculation they are especially volatile. For example, the peak in value added recorded in 2022 comes as domestic first purchase prices for crude oil in the U.S. saw a major increase to over ** U.S. dollars per barrel, benefiting producers in the country. In 2023, the price was nearly ** U.S. dollars per barrel. Oil and gas industry's contributions to U.S. GDP Producing sectors have historically been a major contributor to the country's gross domestic product. However, as technological advancements have strengthened the service industry, the role of producing sectors declined. In 2024, mining (which includes oil and gas extraction) contributed ***** billion U.S. dollars to U.S. coffers. This made it the third smallest contributing just sector ahead of utilities and agriculture.

Shell has the highest brand value of any oil and gas company worldwide. In 2024, its brand value was estimated at ************ U.S. dollars. This put it notably ahead of its Big Oil competitors, as well as state-owned enterprises such as Aramco. Brand value of the oil and gas industry Brand value refers to the financial significance of a brand and provides an educated estimate of how much a brand is worth in the market. That is, how much would a purchaser pay for that brand. In recent years, United States-based oil and gas companies have had the largest brand value of any country, with China following. Shell's brand value follows greater low-carbon investments Shell is a United Kingdom-based oil and gas producer operating across the whole oil and gas value chain. Its brand resilience has been attributed to its focus on portfolio diversification alongside its core business. As of 2023, Shell had installed ************* of renewables capacity, with an additional ************* in the pipeline. Shell is not the only company to have widened its business scope, many other supermajors have also increased their low-carbon capex.

Asset Valuation Services for Oil and Gas Market Outlook

According to our latest research, the global Asset Valuation Services for Oil and Gas market size reached USD 4.26 billion in 2024, with a robust compound annual growth rate (CAGR) of 7.1% observed over recent years. This dynamic growth is being driven by the increasing complexities in asset management, the need for regulatory compliance, and the surge in transactions and investments across the oil and gas value chain. Based on the current CAGR, the market is forecasted to expand to USD 7.91 billion by 2033. As per our 2025 research, the market’s momentum is primarily fueled by the rising demand for precise asset valuation in a volatile energy pricing environment, alongside growing digitalization and the integration of advanced analytics into valuation methodologies.

One of the primary growth factors for the Asset Valuation Services for Oil and Gas market is the heightened focus on transparency and regulatory compliance within the industry. Government agencies and regulatory bodies worldwide are imposing stricter standards for asset reporting, environmental compliance, and financial disclosures. Oil and gas companies, in response, are increasingly turning to specialized asset valuation services to ensure that their reserves, equipment, and infrastructure are accurately assessed and reported. This trend is further amplified by the need to comply with international accounting standards such as IFRS and US GAAP, which require rigorous asset revaluation and impairment testing. As a result, service providers offering advanced, audit-ready valuation solutions are experiencing a surge in demand, particularly among large, publicly listed energy firms and multinational corporations.

Another significant driver is the ongoing wave of mergers, acquisitions, and divestitures in the oil and gas sector. As companies seek to optimize portfolios, divest non-core assets, or acquire strategic reserves, accurate and timely asset valuation becomes critical for informed decision-making and transaction success. The fluctuating price of oil and gas further accentuates the need for real-time, data-driven valuation services that can accommodate market volatility and provide reliable assessments for both buyers and sellers. Moreover, with the increasing adoption of digital technologies such as artificial intelligence, machine learning, and big data analytics, valuation processes are becoming more precise and efficient, enabling faster turnaround times and enhanced value for clients across the upstream, midstream, and downstream segments.

The growing emphasis on sustainability and energy transition is also shaping the market landscape. As oil and gas companies diversify into renewables and low-carbon assets, there is a rising need for valuation expertise that encompasses both traditional hydrocarbons and emerging energy assets. This shift is prompting valuation service providers to expand their capabilities and develop new methodologies that account for the unique risks, returns, and regulatory considerations associated with renewable energy infrastructure, carbon credits, and environmental liabilities. As a result, the market is witnessing increased innovation, with firms offering integrated valuation solutions that support energy transition strategies, ESG reporting, and long-term value creation for stakeholders.

From a regional perspective, North America continues to dominate the Asset Valuation Services for Oil and Gas market, accounting for the largest share in 2024, followed by Europe and Asia Pacific. The region’s leadership is underpinned by a high concentration of oil and gas assets, a mature regulatory environment, and the presence of leading valuation service providers. However, Asia Pacific is emerging as a key growth engine, driven by expanding energy investments, infrastructure development, and the liberalization of energy markets in countries such as China, India, and Southeast Asia. Meanwhile, the Middle East & Africa and Latin America are witnessing increased adoption of valuation services, spurred by large-scale exploration projects and government initiatives to attract foreign investment and enhance asset transparency.

Service Type Analysis

The Service Type segment in the Asset Valuation Services for Oil and Gas market encompasses Reserve Valuation, Equipment Valuation, Infrastructure Valuation, Financial Reporting, and other specialized services. <

Crude Oil fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on December of 2025.

Asset Valuation Services for Oil and Gas Market Outlook

According to our latest research, the global market size for Asset Valuation Services for Oil and Gas reached USD 5.9 billion in 2024, demonstrating robust activity across the industry. The market is advancing at a CAGR of 7.4% and is forecasted to achieve USD 11.2 billion by 2033. This growth is primarily propelled by increasing complexities in asset management, heightened merger and acquisition activities, and stricter regulatory frameworks requiring accurate and transparent asset reporting. The evolving landscape of the oil and gas sector, marked by technological advancements and fluctuating commodity prices, further amplifies the need for precise and timely asset valuation services worldwide.

A significant growth driver for the Asset Valuation Services for Oil and Gas Market is the ongoing digital transformation within the sector. Oil and gas companies are increasingly leveraging advanced analytics, artificial intelligence, and blockchain technologies to streamline asset tracking, enhance transparency, and improve decision-making processes. The adoption of these technologies not only optimizes operational efficiency but also ensures more accurate and real-time asset valuations. This technological shift is especially critical as companies navigate volatile energy markets, where rapid and informed asset assessments can provide a competitive edge and mitigate financial risks. As a result, service providers offering innovative and technologically advanced valuation methodologies are witnessing heightened demand from both established players and new entrants in the industry.

Another pivotal factor fueling market expansion is the surge in mergers and acquisitions (M&A) across the oil and gas value chain. As global energy markets consolidate and companies seek to optimize their portfolios, the need for comprehensive asset valuation services becomes paramount. Accurate asset valuations are essential for due diligence, risk assessment, and strategic planning during M&A transactions. Furthermore, the increasing participation of investment firms and private equity in the energy sector has intensified the demand for independent, third-party valuation services to ensure transparency and compliance with international financial reporting standards. This trend is expected to persist as companies continue to restructure and realign their assets in response to shifting market dynamics and the global energy transition.

Regulatory compliance and financial reporting requirements also play a critical role in shaping the Asset Valuation Services for Oil and Gas Market. Governments and regulatory bodies worldwide are imposing stricter guidelines on asset disclosure, environmental liabilities, and tax reporting. These regulations necessitate regular and accurate asset valuations, particularly for companies operating in multiple jurisdictions. Moreover, the integration of environmental, social, and governance (ESG) criteria into asset management practices is compelling oil and gas firms to adopt more transparent and standardized valuation processes. As ESG considerations gain prominence among investors and stakeholders, the role of asset valuation services in facilitating responsible investment and sustainable business practices is becoming increasingly important.

Regionally, North America continues to dominate the market, accounting for the largest share of global revenues in 2024. This leadership is attributed to the presence of major oil and gas companies, a mature regulatory environment, and a high frequency of M&A activities. However, Asia Pacific and the Middle East & Africa are emerging as high-growth regions, driven by expanding energy infrastructure, increased exploration activities, and rising investments in resource-rich countries. These regions are expected to witness above-average growth rates over the forecast period, supported by favorable government policies and the influx of international capital into their oil and gas sectors.

Service Type Analysis

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The statistic depicts the largest global oil companies according to their market value in 2010 (in billion U.S. dollars). That year, the global corporation Exxon had a market value of *** billion U.S. dollars.

The timing flexibility of investments in oil and gas assets can potentially add value. In this article, we examine the value of waiting in exploration projects and propose a real option–based valuation method using least-squares Monte Carlo simulation. We show that the dynamics of the oil and gas prices have a large impact on the value of the option to wait, especially for projects with long lead times and durations. The uncertainty in the forward price curve is modeled using a two-factor stochastic price process. The article also presents the valuation method in the form of MATLAB functions and routines that can be used as an efficient test and analysis platform using the industry-standard input formats.

In 2025, among oil and gas brands in the Middle East, the brand value of Aramco was the highest, with a valuation of approximately **** billion U.S. dollars. In comparison, ADNOC had a brand value of around ***** billion U.S. dollars in the same year.

Explore the booming Energy Valuation Service market, driven by renewable energy growth and traditional asset complexities. Get insights on market size, CAGR, key drivers, and leading companies.

The global oil & gas ACS market was worth 26.87 billion U.S. dollars in 2019. According to NextMSC, the market is expected to make significant gains in value within the next ten years. By 2030, automation and control systems used within the oil & gas industry are to reach 41.8 billion U.S. dollars in market value.

This data release includes a digitized version of the "Statistics by States, lands, products and years" section of the 1981 edition of the Federal and Indian lands oil and gas production, royalty income, and related statistics publication. These data were published by the Conservation Division of the U.S. Geological Survey, which was tasked with the accounting for Federal lease production and royalties across multiple commodities. That mission was transferred within the Department of the Interior to the Minerals Management Service in 1982 and later to the Office of Natural Resources Revenue (ONRR) in 2011, where the work is still conducted. Prior to this digitization effort, these data covering Federal lease energy production records from 1954-1980, and also a "prior" years catch all, were not known to be available in a digital format. Paper records were scanned from 250 source tables, totaling approximately 39,000 values. Optical character recognition and table parsing were performed using machine learning software. Due to the less-than-ideal quality of the source material, errors were present in all tables at a rate of approximately 5% of the values. Quality control checks were performed by the authors using sub-totals provided in the original data. The data provide production quantity, production value, and royalty value for oil, condensate, natural gas, liquid petroleum gas, carbon dioxide, sulfur, salt, oil lost, gas lost, geothermal energy, hot water, and totals. The following land types are included: all (a total), public, acquired, outer continental shelf, military and miscellaneous, navy petroleum reserve, and Indian. The authors have also provided the production and royalty value records converted to 2024 indexed dollar values based on consumer price index (CPI) inflation data from the U.S. Bureau of Labor Statistics.

Enterprise-Value-To-Ebitda-Ratio Time Series for Advantage Oil & Gas Ltd.. Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. The company was formerly known as Advantage Oil & Gas Ltd. and changed its name to Advantage Energy Ltd. in May 2021. Advantage Energy Ltd. was founded in 2001 and is headquartered in Calgary, Canada.

As a supplementary material for an original paper, this inventory contains a comprehensive list of 1,000 organic chemicals identified in bio-oil, meticulously catalogued to facilitate research and analysis. Each chemical is systematically classified into specific categories and subcategories based on structural and functional characteristics. Additionally, a value level ranging from 1 to 5 is assigned to each chemical to denote its economic value based on value pyramid of bio-product concept. This document serves as a supplementary material for different papers in peer-review journals. Moreover, this resource is designed to provide researchers and industry professionals with a detailed and accessible reference for understanding the diversity and potential applications of chemicals derived from bio-oil.

The United States' oil and gas companies accounted for 21 percent of the total global brand value of oil and gas companies in 2023. This placed the country as the leading economy for oil and gas companies worldwide based on brand value that year. The United Kingdom followed, at 17 percent.

Forecast: Value Added of Oil and Gas Extraction in the US 2023 - 2027 Discover more data with ReportLinker!

Exports of Refined Petroleum Oil (value) in China decreased to 3190847 USD Thousand in February from 3475887 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Exports of Refined Petroleum Oil (value).

The global oil & gas analytics market is projected to grow from USD 11.8 billion in 2025 to USD 87.1 billion by 2035, reflecting a Compound Annual Growth Rate (CAGR) of 22.1% over the forecast period.

Attributes	Key Insights
Estimated Market Value, 2025	USD 11.8 billion
Projected Market Value, 2035	USD 87.1 billion
Value CAGR (2025 to 2035)	22.1%

Biannual Update on Oil & Gas Analytics Market Performance

Particular	Value CAGR
H1	20.9% (2024 to 2034)
H2	22.6% (2024 to 2034)
H1	22.0% (2025 to 2035)
H2	22.2% (2025 to 2035)

Analysis of Top Countries, Producing, Using, and Distributing Oil & Gas Analytics

Countries	Value CAGR (2025 to 2035)
United States	19.7%
Germany	22.3%
China	20.6%
Japan	21.9%
Saudi Arabia	23.6%

Forecast: Oil and Gas Extraction Production Value in Denmark 2022 - 2026 Discover more data with ReportLinker!

Forecast: Olive Oil Market Size Value Per Capita in the UK 2023 - 2027 Discover more data with ReportLinker!

In 2020, the production value of the oil and gas industry in Brazil is forecast to decrease by ** percent in comparison to the previous year, the result of a drop in crude oil production value. In the natural gas segment, the value of production is expected to increase in both 2020 and 2021. For 2021, the oil and gas sector's production value is expected to increase again, when compared to 2020, but should still remain nearly ** percent below the value reported in 2019. These results are mainly associated with the expected behavior of international oil prices and policies.