PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1580756
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1580756
United States Oil and Gas Downstream Market Introduction and Overview
According to SPER Market Research, 'United States Oil and Gas Downstream Market Size -By Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' states that the United States Oil and Gas Downstream Market is estimated to reach USD 2.81 trillion by 2033 with a CAGR of 2.95%.
Oil and gas downstream operations are the steps involved in changing oil and gas into finished products, such as refining crude oil into natural gas liquids, petrol, diesel and a variety of other energy sources. Crude oil extraction is an upstream operation, while downstream activities include shipping and transportation, oil refining, supply and trade, and product marketing and retail.
The downstream oil and gas industry, like many other industries, has been significantly impacted by the Covid-19 pandemic. The pandemic disrupted supply chains, limited travel, and precipitated a sharp decline in the world's oil demand. The industry faced challenges such declining consumer spending, poorer refining margins, and problems with inventory management.
Scope of the report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Application
Regions covered Northeast, South, Midwest, West
Companies Covered ExxonMobil Corporation, Chevron Corporation, Phillips 66, Marathon Petroleum Corporation, Valero Energy Corporation, Shell Oil Company, BP America Inc, ConocoPhillips Company, Tesoro Corporation, CITGO Petroleum Corporation.
United States Oil and Gas Downstream Market Segmentation:
By Type: Based on the Type, United States Oil and Gas Downstream Market is segmented as; Refineries, Petrochemical plants.
By Application: Based on the Application, United States Oil and Gas Downstream Market is segmented as; Domestic, International.
By Region: This research also includes data for Northeast, South, Midwest, West.