Saudi Arabia Oil and Gas Market Summary, Competitive Analysis and Forecast to 2027
Summary
Oil & Gas in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). 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 hub price of crude oil. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the price of natural gas (Henry Hub spot price). The values represent the total revenues available to exploration and production companies from sales of crude oil and natural gas. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
- The Saudi Arabian oil & gas market had total revenues of $92.0 billion in 2022, representing a compound annual growth rate (CAGR) of 3.3% between 2017 and 2022.
- Market consumption volumes declined with a negative CAGR of 1.8% between 2017 and 2022, to reach a total of 1.6 billion BoE in 2022.
- Based on the data from “The Organisation of the Petroleum Exporting Countries” (OPEC), around 17% of the world's proven petroleum reserves are in Saudi Arabia.
- Save time carrying out entry-level research by identifying the size, growth, 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 2022?
- What will be the size of the Saudi Arabia oil & gas market in 2027?
- 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?
- How large is Saudi Arabia’s oil & gas market in relation to its regional counterparts?
- 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 strategies do the leading players follow?
- 7.3. What were 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. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Saudi Arabia oil & gas market value: $ million, 2017-22
- Table 2: Saudi Arabia oil & gas market volume: million BoE, 2017-22
- Table 3: Saudi Arabia oil & gas market category segmentation: % share, by value, 2017-2022
- Table 4: Saudi Arabia oil & gas market category segmentation: $ million, 2017-2022
- Table 5: Saudi Arabia oil & gas market geography segmentation: $ million, 2022
- Table 6: Saudi Arabia oil & gas market value forecast: $ million, 2022-27
- Table 7: Saudi Arabia oil & gas market volume forecast: million BoE, 2022-27
- Table 8: Saudi Arabian Oil Company: key facts
- Table 9: Saudi Arabian Oil Company: Annual Financial Ratios
- Table 10: Saudi Arabian Oil Company: Key Employees
- Table 11: Exxon Mobil Corporation: key facts
- Table 12: Exxon Mobil Corporation: Annual Financial Ratios
- Table 13: Exxon Mobil Corporation: Key Employees
- Table 14: Exxon Mobil Corporation: Key Employees Continued
- Table 15: BP Plc: key facts
- Table 16: BP Plc: Annual Financial Ratios
- Table 17: BP Plc: Key Employees
- Table 18: BP Plc: Key Employees Continued
- Table 19: Saudi Arabia size of population (million), 2018-22
- Table 20: Saudi Arabia gdp (constant 2005 prices, $ billion), 2018-22
- Table 21: Saudi Arabia gdp (current prices, $ billion), 2018-22
- Table 22: Saudi Arabia inflation, 2018-22
- Table 23: Saudi Arabia consumer price index (absolute), 2018-22
- Table 24: Saudi Arabia exchange rate, 2018-22
- List of Figures
- Figure 1: Saudi Arabia oil & gas market value: $ million, 2017-22
- Figure 2: Saudi Arabia oil & gas market volume: million BoE, 2017-22
- Figure 3: Saudi Arabia oil & gas market category segmentation: $ million, 2017-2022
- Figure 4: Saudi Arabia oil & gas market geography segmentation: % share, by value, 2022
- Figure 5: Saudi Arabia oil & gas market value forecast: $ million, 2022-27
- Figure 6: Saudi Arabia oil & gas market volume forecast: million BoE, 2022-27
- Figure 7: Forces driving competition in the oil & gas market in Saudi Arabia, 2022
- Figure 8: Drivers of buyer power in the oil & gas market in Saudi Arabia, 2022
- Figure 9: Drivers of supplier power in the oil & gas market in Saudi Arabia, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in Saudi Arabia, 2022
- Figure 11: Factors influencing the threat of substitutes in the oil & gas market in Saudi Arabia, 2022
- Figure 12: Drivers of degree of rivalry in the oil & gas market in Saudi Arabia, 2022
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