Oil & Gas in Saudi Arabia
Summary
Oil & Gas in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). 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 and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. 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 Saudi Arabian oil & gas market recorded revenues of $98.5 billion in 2023, representing a compound annual growth rate (CAGR) of 0.2% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 2.1% between 2018 and 2023, to reach a total of 1,608.4 million BoE in 2023.
- The Saudi Arabian government is investing in new oil supply and expanding its oil infrastructure to meet global energy demand. Saudi Arabia is driving a global investment plan to increase demand for its oil and gas in developing countries. The oil demand sustainability programme (ODSP) is overseen by Saudi Arabia's crown prince Mohammed bin Salman and involves major organizations like the Public Investment Fund, Aramco, Sabic, and the government's ministries.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Saudi Arabia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Saudi Arabia
- 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 Saudi Arabia oil & gas market with five year forecasts by both value and volume
- What was the size of the Saudi Arabia oil & gas market by value in 2023?
- What will be the size of the Saudi Arabia oil & gas market in 2028?
- What factors are affecting the strength of competition in the Saudi Arabia oil & gas market?
- How has the market performed over the last five years?
- Who are the top competitors in Saudi Arabia's oil & gas market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value 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. What are the most notable recent developments in this market?
- 8 Company Profiles
- 8.1. Saudi Arabian Oil Company
- 8.2. Exxon Mobil Corporation
- 8.3. BP Plc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. About MarketLine
- List of Tables
- Table 1: Saudi Arabia oil & gas market value: $ million, 2018-23
- Table 2: Saudi Arabia oil & gas market category segmentation: % share, by value, 2018-2023
- Table 3: Saudi Arabia oil & gas market category segmentation: $ million, 2018-2023
- Table 4: Saudi Arabia oil & gas market geography segmentation: $ million, 2023
- Table 5: Saudi Arabia oil & gas market value forecast: $ million, 2023-28
- Table 6: Saudi Arabian Oil Company: key facts
- Table 7: Saudi Arabian Oil Company: Annual Financial Ratios
- Table 8: Saudi Arabian Oil Company: Key Employees
- Table 9: Exxon Mobil Corporation: key facts
- Table 10: Exxon Mobil Corporation: Annual Financial Ratios
- Table 11: Exxon Mobil Corporation: Key Employees
- Table 12: Exxon Mobil Corporation: Key Employees Continued
- Table 13: BP Plc: key facts
- Table 14: BP Plc: Annual Financial Ratios
- Table 15: BP Plc: Key Employees
- Table 16: BP Plc: Key Employees Continued
- Table 17: Saudi Arabia size of population (million), 2019-23
- Table 18: Saudi Arabia gdp (constant 2005 prices, $ billion), 2019-23
- Table 19: Saudi Arabia gdp (current prices, $ billion), 2019-23
- Table 20: Saudi Arabia inflation, 2019-23
- Table 21: Saudi Arabia consumer price index (absolute), 2019-23
- Table 22: Saudi Arabia exchange rate, 2019-23
- List of Figures
- Figure 1: Saudi Arabia oil & gas market value: $ million, 2018-23
- Figure 2: Saudi Arabia oil & gas market category segmentation: $ million, 2018-2023
- Figure 3: Saudi Arabia oil & gas market geography segmentation: % share, by value, 2023
- Figure 4: Saudi Arabia oil & gas market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the oil & gas market in Saudi Arabia, 2023
- Figure 6: Drivers of buyer power in the oil & gas market in Saudi Arabia, 2023
- Figure 7: Drivers of supplier power in the oil & gas market in Saudi Arabia, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the oil & gas market in Saudi Arabia, 2023
- Figure 9: Factors influencing the threat of substitutes in the oil & gas market in Saudi Arabia, 2023
- Figure 10: Drivers of degree of rivalry in the oil & gas market in Saudi Arabia, 2023
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