Petroleum Refineries (NAICS 32411) Industry Market Research Report

Petroleum Refineries - Market Size and Forecast

The Petroleum Refineries report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurementsincludes both public and private companies in the industry.

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Petroleum Refineries Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Petroleum Refineries - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Petroleum Refineries companies in the United States.

Petroleum Refineries Revenue by State

US Market Size by State

Distribution by Company Size

Company Size All Industries Petroleum Refineries
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Petroleum Refineries - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry Average Percent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Petroleum Refineries - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Petroleum Refineries - Product Mix

Product Description Description Revenue
($ Millions)

Petroleum refineries


Gasoline, including finished base stocks and blending agents

Motor gasoline, regular grade

Motor gasoline, premium grade

Gasoline, incl. finished base stocks and blending agents, nsk

Jet fuel

Kerosene, excluding jet fuel

Light fuel oils

Distillate fuel oil, incl. grades No. 1, 2, light diesel-type

No. 4 type light fuel oil

Petroleum Refineries - Compensation and Salary Surveys

TitlePercent of Workforce Bottom Quartile Average (Median) Salary Upper Quartile
Management Occupations 6%


Chief Executives 0%
General and Operations Managers 2%
Architecture and Engineering Occupations 10%
Engineers 9%
Office and Administrative Support Occupations 7%
Construction and Extraction Occupations 8%
Construction Trades Workers 6%
Installation, Maintenance, and Repair Occupations 9%
Other Installation, Maintenance, and Repair Occupations 7%
Production Occupations 41%
Supervisors of Production Workers 6%
First-Line Supervisors of Production and Operating Workers 6%
First-Line Supervisors of Production and Operating Workers 6%
Plant and System Operators 20%
Miscellaneous Plant and System Operators 20%
Petroleum Pump System Operators, Refinery Operators, and Gaugers 18%
Other Production Occupations 11%
Transportation and Material Moving Occupations 7%

Government Contracts

In 2008, the federal government spent a total of $666,784,339 on the petroleum refineries industry. It has awarded 25,918 contracts to 590 companies, with an average value of $1,130,143 per company.

Petroleum Refineries and Adjacent Industries - Top Companies

Company Address Revenue
($ Millions)


Petroleum Refineries Industry Report
Geography United States  
Publication Date July 2020
Report Format PDF Download  
Price $499

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