Oil & Gas in Mexico

Oil & Gas in Mexico

Summary

Oil & Gas in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The oil & gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas in each country in a specific year. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
  • The Mexican oil & gas market recorded revenues of $129.8 billion in 2024, representing a compound annual growth rate (CAGR) of 6.8% between 2019 and 2024.
  • Market consumption volume increased with a CAGR of 2.5% between 2019 and 2024, reaching a total of 1,285.0 million BoE in 2024.
  • The Mexican oil & gas market consumption volume grew by 0.7% in 2024, driven by rising industrial demand. The expansion of industrial activities across manufacturing, construction, and mining sectors has significantly boosted the need for fuel and energy. According to the United Nations Statistics Division (UNSTAT), in 2024, the Nominal Gross Value Added (GVA) in Mexico's industry reached $592.5 billion, reflecting a 4.8% increase from the previous year, driven by higher production requirements.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Mexico
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Mexico
  • Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Mexico oil & gas market with five year forecasts
Reasons to Buy
  • What was the size of the Mexico oil & gas market by value in 2024?
  • What will be the size of the Mexico oil & gas market in 2029?
  • What factors are affecting the strength of competition in the Mexico oil & gas market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Mexico's oil & gas market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. Have there been any recent developments in the market?
8 Company Profiles
8.1. Petroleos Mexicanos
8.2. Exxon Mobil Corp
8.3. BP Plc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Mexico oil & gas market value: $ million, 2019-24
Table 2: Mexico oil & gas market volume: million BoE, 2019-24
Table 3: Mexico oil & gas market category segmentation: % share, by value, 2019-24
Table 4: Mexico oil & gas market category segmentation: $ million, 2019-24
Table 5: Mexico oil & gas market geography segmentation: $ million, 2024
Table 6: Mexico oil & gas market value forecast: $ million, 2024-29
Table 7: Mexico oil & gas market volume forecast: million BoE, 2024-29
Table 8: Petroleos Mexicanos: Key Facts
Table 9: Petroleos Mexicanos: Key Employees
Table 10: Exxon Mobil Corp: Key Facts
Table 11: Exxon Mobil Corp: Annual Financial Ratios
Table 12: Exxon Mobil Corp: Key Employees
Table 13: Exxon Mobil Corp: Key Employees Continued
Table 14: BP Plc: Key Facts
Table 15: BP Plc: Annual Financial Ratios
Table 16: BP Plc: Key Employees
Table 17: BP Plc: Key Employees Continued
Table 18: Mexico Size of Population (Million), 2020-24
Table 19: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: Mexico GDP (Current Prices, $ Billion), 2020-24
Table 21: Mexico Inflation, 2020-24
Table 22: Mexico Consumer Price Index (Absolute), 2020-24
Table 23: Mexico Exchange Rate, 2019-24
List of Figures
Figure 1: Mexico oil & gas market value: $ million, 2019-24
Figure 2: Mexico oil & gas market volume: million BoE, 2019-24
Figure 3: Mexico oil & gas market category segmentation: $ million, 2019-24
Figure 4: Mexico oil & gas market geography segmentation: % share, by value, 2024
Figure 5: Mexico oil & gas market value forecast: $ million, 2024-29
Figure 6: Mexico oil & gas market volume forecast: million BoE, 2024-29
Figure 7: Forces driving competition in the oil & gas market in Mexico, 2024
Figure 8: Drivers of buyer power in the oil & gas market in Mexico, 2024
Figure 9: Drivers of supplier power in the oil & gas market in Mexico, 2024
Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in Mexico, 2024
Figure 11: Factors influencing the threat of substitutes in the oil & gas market in Mexico, 2024
Figure 12: Drivers of degree of rivalry in the oil & gas market in Mexico, 2024

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