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INDUSTRY PROFILE

Crude Oil in North America
Reference Code: 0205-0587 Publication Date: March 2011

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North America - Crude Oil
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EXECUTIVE SUMMARY

EXECUTIVE SUMMARY
Market value
The North American crude oil market grew by 28.4% in 2010 to reach a value of $653.5 billion.

Market value forecast
In 2015, the North American crude oil market is forecast to have a value of $828.9 billion, an increase of 26.8% since 2010.

Market volume
The North American crude oil market grew by 0.8% in 2010 to reach a volume of 8.4 billion barrels.

Market volume forecast
In 2015, the North American crude oil market is forecast to have a volume of 9 billion barrels, an increase of 7.1% since 2010.

Market segmentation
The United States accounts for 82.6% of the North American crude oil market value.

Market rivalry
Crude oil is the most actively traded commodity in the world and the market is dominated by large conglomerates that are competing for ever dwindling resources which makes market rivalry strong.

North America - Crude Oil
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CONTENTS

TABLE OF CONTENTS
EXECUTIVE SUMMARY MARKET OVERVIEW Market definition Research highlights Market analysis MARKET VALUE MARKET VOLUME MARKET SEGMENTATION FIVE FORCES ANALYSIS Summary Buyer power Supplier power New entrants Substitutes Rivalry LEADING COMPANIES Chevron Corporation ConocoPhillips Exxon Mobil Corporation Petroleos Mexicanos (PEMEX) MARKET FORECASTS Market value forecast Market volume forecast APPENDIX Methodology Industry associations Related Datamonitor research Disclaimer 2 7 7 8 9 10 11 12 13 13 15 16 17 18 19 20 20 25 30 34 38 38 39 40 40 41 41 42

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CONTENTS

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North America - Crude Oil
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0205 - 0587 - 2010 Page 4

by value. 2006–10 North America crude oil market volume: billion barrels. 2006–10 North America crude oil market segmentation: % share. 2010–15 10 11 12 20 22 23 25 28 28 30 32 32 34 35 36 36 38 39 North America .Crude Oil © Datamonitor.2010 Page 5 . This profile is a licensed product and is not to be photocopied 0205 .CONTENTS LIST OF TABLES Table 1: Table 2: Table 3: Table 4: Table 5: Table 6: Table 7: Table 8: Table 9: Table 10: Table 11: Table 12: Table 13: Table 14: Table 15: Table 16: Table 17: Table 18: North America crude oil market value: $ billion. 2010 Chevron Corporation: key facts Chevron Corporation: key financials ($) Chevron Corporation: key financial ratios ConocoPhillips: key facts ConocoPhillips: key financials ($) ConocoPhillips: key financial ratios Exxon Mobil Corporation: key facts Exxon Mobil Corporation: key financials ($) Exxon Mobil Corporation: key financial ratios Petroleos Mexicanos (PEMEX): key facts Petroleos Mexicanos (PEMEX): key financials ($) Petroleos Mexicanos (PEMEX): key financials (MXN) Petroleos Mexicanos (PEMEX): key financial ratios North America crude oil market value forecast: $ billion.0587 . 2010–15 North America crude oil market volume forecast: billion barrels.

This profile is a licensed product and is not to be photocopied 0205 . 2010 Factors influencing the likelihood of new entrants in the crude oil market in North America. 2010 Drivers of degree of rivalry in the crude oil market in North America.0587 . 2006–10 North America crude oil market segmentation: % share. 2010–15 10 11 12 13 15 16 17 Figure 8: 18 19 23 24 29 29 33 33 37 37 38 39 Figure 9: Figure 10: Figure 11: Figure 12: Figure 13: Figure 14: Figure 15: Figure 16: Figure 17: Figure 18: Figure 19: North America . 2010 Drivers of buyer power in the crude oil market in North America. 2010 Chevron Corporation: revenues & profitability Chevron Corporation: assets & liabilities ConocoPhillips: revenues & profitability ConocoPhillips: assets & liabilities Exxon Mobil Corporation: revenues & profitability Exxon Mobil Corporation: assets & liabilities Petroleos Mexicanos (PEMEX): revenues & profitability Petroleos Mexicanos (PEMEX): assets & liabilities North America crude oil market value forecast: $ billion.CONTENTS LIST OF FIGURES Figure 1: Figure 2: Figure 3: Figure 4: Figure 5: Figure 6: Figure 7: North America crude oil market value: $ billion. 2010 Factors influencing the threat of substitutes in the crude oil market in North America. 2010–15 North America crude oil market volume forecast: billion barrels.2010 Page 6 . 2006–10 North America crude oil market volume: billion barrels. 2010 Forces driving competition in the crude oil market in North America. by value.Crude Oil © Datamonitor. 2010 Drivers of supplier power in the crude oil market in North America.

2010 Page 7 . Brazil. Chile. North America . All currency conversions used in the production of this report have been calculated using constant annual 2010 average exchange rates. South America comprises Argentina. and the United States. the Americas consists of North America and South America. For the purposes of this report. North America consists of Canada.Crude Oil © Datamonitor.MARKET OVERVIEW MARKET OVERVIEW Market definition The market volume figures within this report represent crude oil consumption. Colombia. and Venezuela. As oil markets are experiencing a period of price volatility future trends are difficult to predict. This profile is a licensed product and is not to be photocopied 0205 . The market values are calculated using regional spot oil prices averaged over the whole year. therefore the forecasts given in this report are only given as an indication of the market's possible future growth. Mexico.0587 .

4 billion barrels in 2010.5 billion in 2010. The performance of the market is forecast to accelerate.Crude Oil © Datamonitor. North America .2010 Page 8 .0587 .9% for the fiveyear period 2010-2015. Market consumption volumes decreased with a compound annual rate of change (CARC) of -2% between 2006 and 2010.MARKET OVERVIEW Research highlights The North American crude oil market had total revenue of $653.6% for the period spanning 2006-2010. with an anticipated CAGR of 4. This profile is a licensed product and is not to be photocopied 0205 . representing a compound annual growth rate (CAGR) of 1. to reach a total of 8. which is expected to drive the market to a value of $828.9 billion by the end of 2015.

to reach respective values of $59. to reach a total of 8. the North American crude oil market fell into decline in 2009.4 billion barrels in 2010.9% for the fiveyear period 2010-2015. In comparison. the Canadian and Mexican markets will grow with CAGRs of 4. to reach respective values of $73.2 billion in 2010.2010 Page 9 .9 billion in 2015. over the same period.7% and 7.Crude Oil © Datamonitor. The market's volume is expected to rise to 9 billion barrels by the end of 2015. North America . representing a CAGR of 1. Market consumption volumes decreased with a compound annual rate of change (CARC) of -2% between 2006 and 2010. with an anticipated CAGR of 4.6% for the period spanning 2006-2010. the Canadian and Mexican markets grew with CAGRs of 7. representing a compound annual growth rate (CAGR) of 1.MARKET OVERVIEW Market analysis Following a period of strong growth.4% for the 2010-2015 period. Comparatively.9 billion by the end of 2015. This profile is a licensed product and is not to be photocopied 0205 .6% respectively. over the same period.2 billion and $67. The market recovered in 2010 and is expected to grow fairly strongly through to 2015.5 billion in 2010. The North American crude oil market had total revenues of $653.0587 .5 billion and $54.9% respectively. which is expected to drive the market to a value of $828.2% and 4. The performance of the market is forecast to accelerate.

5 billion. 2006–10 $ billion 613.Crude Oil © Datamonitor.6% DATAMONITOR Figure 1: North America crude oil market value: $ billion.1 % Growth 6.0 851.4% 1.4 655.9 508.5 383.MARKET VALUE MARKET VALUE The North American crude oil market grew by 28.3%) 28.2 492. 2006–10 Source: Datamonitor DATAMONITOR North America .0587 .2 641.2010 Page 10 .8% 30. The compound annual growth rate of the market in the period 2006–10 was 1.9 653. This profile is a licensed product and is not to be photocopied 0205 .9 493.5 € billion 461.6%. Table 1: Year 2006 2007 2008 2009 2010 CAGR: 2006–10 Source: Datamonitor North America crude oil market value: $ billion.1% (40.4% in 2010 to reach a value of $653.

4 % Growth 0.5% (4. 2006–10 Source: Datamonitor DATAMONITOR North America .9%) (4.2010 Page 11 .MARKET VOLUME MARKET VOLUME The North American crude oil market grew by 0.1 8.4 billion barrels.8% (2.0%) DATAMONITOR Figure 2: North America crude oil market volume: billion barrels.Crude Oil © Datamonitor. The compound annual rate of change of the market in the period 2006–10 was -2%.1%) 0. Table 2: Year 2006 2007 2008 2009 2010 CAGR: 2006–10 Source: Datamonitor North America crude oil market volume: billion barrels.0587 .8% in 2010 to reach a volume of 8.7 8.3 8. This profile is a licensed product and is not to be photocopied 0205 . 2006–10 billion barrels 9.1 9.

6% of the North American crude oil market value. by value. This profile is a licensed product and is not to be photocopied 0205 .3 100% DATAMONITOR Figure 3: North America crude oil market segmentation: % share. Canada accounts for a further 9.0587 .MARKET SEGMENTATION MARKET SEGMENTATION The United States accounts for 82.6 9. 2010 Source: Datamonitor DATAMONITOR North America .2010 Page 12 . by value.1% of the North American market.1 8. Table 3: Category United States Canada Mexico Total Source: Datamonitor North America crude oil market segmentation: % share. 2010 % Share 82.Crude Oil © Datamonitor.

2010 Page 13 . Fiscal year 2010 showed an increase in oil prices. and oil exploration and production equipment and services companies as the key suppliers. Fixed costs and exit barriers tend to be high and economies of scale are highly important for successful entry to the market.Crude Oil © Datamonitor. forecourt fuel retailing as well as marketing. In 2008.0587 . on the back of events such as the Gulf of Mexico oil spill and a global North America . transportation. This profile is a licensed product and is not to be photocopied 0205 . refining. Summary Figure 4: Forces driving competition in the crude oil market in North America. Major suppliers are oil exploration. This pushed drilling companies to explore commodity deposits previously deemed too costly. production equipment and services companies. 2010 Source: Datamonitor DATAMONITOR Crude oil is the most actively traded commodity in the world and the market is dominated by large conglomerates that are competing for ever dwindling resources which makes market rivalry strong.FIVE FORCES ANALYSIS FIVE FORCES ANALYSIS The crude oil market will be analyzed taking producers and marketers of crude oil as players. production. including Baker Hughes. Technip. Companies engaged in the crude oil business experience a high level of rivalry as the commodity’s price has a high rate of fluctuation. diversified international companies with highly vertically integrated operations. Schlumberger and Halliburton. The key buyers will be taken as oil refiners and petrochemical companies. incorporating oil exploration. the international crude oil market experienced increased demand for specialist equipment and services as commodity prices increased exponentially. The crude oil market is characterized by the presence of large. The presence of powerful incumbents acts as a significant barrier to entry. boosting suppliers revenues.

Substitutes to this market include alternative energy sources. however. primarily oil.0587 .FIVE FORCES ANALYSIS increase in the rates of inflation. This profile is a licensed product and is not to be photocopied 0205 .Crude Oil © Datamonitor. gas and coal. Shifting towards alternatives may constitute high switching costs.2010 Page 14 . North America . the majority of the world’s current energy production uses non-renewable sources.

2010 Source: Datamonitor DATAMONITOR The market is characterized by the presence of large. North America . Overall. Due to their integrated downstream operations. Commodities such as crude oil are relatively undifferentiated products (differentiation of crude oil is limited to sulphur component and fractional density). the price of which is set according to supply and demand by the mercantile exchanges of New York. however. Buyers may be likely to switch if presented with a better offer. London and Dubai. Backward integration is also unlikely. This profile is a licensed product and is not to be photocopied 0205 . the presence of contracts can reduce this likelihood.FIVE FORCES ANALYSIS Buyer power Figure 5: Drivers of buyer power in the crude oil market in North America. for whom buyer power is therefore reduced.2010 Page 15 .0587 . buyer power is moderate. diversified international companies with highly vertically integrated operations. Brand loyalty is not likely to be a significant factor here (unless there are loyalty programs in place). strengthening buyer power somewhat.Crude Oil © Datamonitor. Amongst buyers there are both individual as well as institutional end users who are able to make large purchases. which effectively ameliorates buyer power on the basis of price. major players are not highly dependent upon downstream consumers of crude oil.

2010 Page 16 . measurement-while-drilling (MWD). which. enhances their supplier power. Overall. It supplies them to the oil and natural gas industry worldwide. This profile is a licensed product and is not to be photocopied 0205 . and fixed-cutter polycrystalline diamond compact (PDC) bits. combined with the high importance of the crude oil market to supplier revenues. Baker Hughes. which include directional drilling. North America . supplier power is strong.0587 . There is a small number of large equipment and services companies. Smith International and Halliburton.FIVE FORCES ANALYSIS Supplier power Figure 6: Drivers of supplier power in the crude oil market in North America. for example. including: Schlumberger. and logging-while-drilling (LWD) services. Baker Hughes. primarily roller cone bits. reduces the supplier power of equipment and services companies. However. combined with high demand from the petroleum industry. Such suppliers are typically large. The company provides formation evaluation and wireline completion and production services for oil wells. larger companies involved in the crude oil market have backward-integrated petroleum service operations. which affords them greater bargaining power within the sector. This. Baker Hughes also supplies drilling and evaluation services. The company manufactures and supplies drill bits.Crude Oil © Datamonitor. 2010 Source: Datamonitor DATAMONITOR Major suppliers to this market are oil equipment and service providers. highly diversified companies. and use third-party services companies to supplement their own activities. has a wide product portfolio catering to the worldwide oil and natural gas industry.

fleets of drilling rigs and other equipment. namely Chevron and Exxon Mobil.0587 . There is also a significant regulatory environment within the petroleum industry.FIVE FORCES ANALYSIS New entrants Figure 7: Factors influencing the likelihood of new entrants in the crude oil market in North America. the prospectus of high market growth in the forthcoming years may be attractive. Permission to explore new fields and extract oil and gas is generally in the gift of national governments.Crude Oil © Datamonitor. They make large investments in technology. highly vertically-integrated. The presence of such powerful incumbents is a significant barrier to entry and the need for substantial initial investment to set up facilities such as drilling rigs also reduces the threat of new companies establishing themselves in this market. which is restrictive to the entry of players. Leading crude oil companies. the threat of new entrants is moderate. and obtaining it may be a lengthy process. with further investment into product innovation in order to keep up with the leading players and utilize their scales of economy.2010 Page 17 . This profile is a licensed product and is not to be photocopied 0205 . however. The strong decline in 2009 likely repelled potential new entrants in the short run. North America . 2010 Source: Datamonitor DATAMONITOR Analysis of the threat of new entrants into the oil market is complicated by the fact that it is possible for companies to operate in one or more parts of the supply chain. are typically large. Overall. multinational companies that use their large scale production and distribution networks to reduce costs and enhance profitability.

the threat of substitutes is weak. the threat of alternative fuels will increase substantially over the following decades as they become more readily available and oil products become increasingly expensive. Petroleum has few significant substitutes when it comes to powering vehicles or for its use in petrochemicals. shifting to renewable energy sources is costly and will take time. which depend on where it has been pumped from. With oil reserves declining. Brent is generally accepted to be the world benchmark. This profile is a licensed product and is not to be photocopied 0205 .Crude Oil © Datamonitor. Other substitutes in this market can be considered in terms of alternative energy sources (such as nuclear. 2010 Source: Datamonitor DATAMONITOR Crude oil itself comes in many varieties and qualities. solar. Overall.0587 . with the United States benchmark being West Texas Intermediate (WTI) whilst the Opec basket is comprised of 15 different crudes.FIVE FORCES ANALYSIS Substitutes Figure 8: Factors influencing the threat of substitutes in the crude oil market in North America. which is in short supply – the world must reduce its output of CO2 by 50 to 85 percent by 2050. However.2010 Page 18 . coal. Such substitutes can be seen to offer notable benefits in terms of environmental impact and sustainability. wind). depending on its specific gravity and sulphur content. although some plant-based alternatives are attracting interest. North America .

This profile is a licensed product and is not to be photocopied 0205 . fixed costs are high and the market is hard to exit as leaving would require significant divestments of assets specific to the business.FIVE FORCES ANALYSIS Rivalry Figure 9: Drivers of degree of rivalry in the crude oil market in North America. Recent market growth fluctuations caused by the international crisis intensify rivalry. Some players try to diversify the scope of their operations.2010 Page 19 .Crude Oil © Datamonitor. Such diversity eases competition as such players are not solely reliant on the crude oil market. experiencing high fixed costs and exit barriers whilst operations in alternative unassociated industries are limited. The presence of such large incumbents intensifies rivalry. but also refining. and the marketing of oil and natural gas. 2010 Source: Datamonitor DATAMONITOR Crude oil companies are typically large-scale operations. engaging not only in exploration and production. Whilst most players’ activities are geographically diverse and vertically integrated. Due to the fact that crude oil operations are highly energy and labor intensive. North America . Estimations for the next 20-30 years show a decline in the use of oil. These factors combine to produce a strong level of rivalry overall. cheaper and renewable alternative sources. likely caused by switching to more environment friendly.0587 . most of them present similar business models.

Chevron's upstream business involves the exploration and production of crude oil and natural gas. and the Partitioned Zone located between Saudi Arabia and Kuwait. Greenland.0587 . including crude oil. Brazil. California 94583. The company's net proved reserves of natural gas for consolidated operations and affiliated operations in FY2009 was 22. North America . San Ramon. Denmark. Venezuela. condensate. and natural gas liquids for consolidated operations and affiliated operations was 4. Argentina.LEADING COMPANIES LEADING COMPANIES Chevron Corporation Table 4: Chevron Corporation: key facts 6001 Bollinger Canyon Road. In Africa. This profile is a licensed product and is not to be photocopied 0205 . USA 1 925 842 1000 www. downstream and chemicals. New Mexico. Major producing countries in Asia include Azerbaijan. the company's net proved reserve of liquids. Chevron has production and exploration activities in most of the world's major hydrocarbon basins. the Faroe Islands. and the UK.3 billion barrels and three billion barrels. and energy services. the Democratic Republic of the Congo and Nigeria.153 billion cubic feet (Bcf) and 3.Crude Oil © Datamonitor. Poland.com December CVX New York DATAMONITOR Head office: Telephone: Website: Financial year-end: Ticker: Stock exchange: Source: company website Chevron Corporation (Chevron) is a fully integrated energy company engaged in petroleum and chemicals operations. Furthermore. Canada. The company has operations in more than 100 countries including the US. respectively.4 billion barrels respectively. Kazakhstan. Trinidad and Tobago. Norway.6 billion barrels and 2. Indonesia. the Gulf of Mexico. Chad. and Alaska. Texas. Bangladesh.chevron. power generation. The company's exploration and production operations also market natural gas. Colombia. Chevron operates through four business divisions including: upstream. Louisiana. Its upstream activities in the US are concentrated in California. At the end of FY2009.896 Bcf. It is also actively involved in the mining operations of coal and other minerals.2010 Page 20 . the Rocky Mountains. the Netherlands. respectively. Chevron also has upstream operations in other countries like Australia. the company is engaged in exploration and production activities in Angola. worldwide net oil equivalent reserves for consolidated operations and affiliated operations were 8.

CPC operates a crude-oil export pipeline from the Tengiz Field in Kazakhstan to the Russian Black Sea port of Novorossiysk. The company is also engaged in other global marketing businesses. concentrated in the mid-Atlantic. marine vessel.9 million barrels of crude oil per day and averaged approximately 3. respectively. chemicals.044.000 barrels per day.2010 Page 21 . The downstream division’s most significant areas of operations are sub-Saharan Africa. motor equipment. This profile is a licensed product and is not to be photocopied 0205 . Chevron's downstream operations comprise refining crude oil into finished petroleum products and marketing crude oil and the many products derived from petroleum.000 barrels of crude oil per day. including affiliates. natural-gasliquids (NGL). Chevron also has a 15% interest in the Caspian Pipeline Consortium (CPC) affiliate. and fuel and lubricating oil additives. Chevron supplies directly or through retailers and marketers to approximately 12. and 484.000 airports. Chevron processed approximately 1. and petroleum products by pipeline. The company's net production of natural gas and oil sands for FY2009 was five Bcf per day and 26. Chevron markets aviation fuel at more than 1. and Taro. southern. Approximately 500 of the outlets are company-owned or leased stations. The company's net oil-equivalent production (including affiliates) from the US. Chemicals operations include the manufacture and marketing of commodity petrochemicals for industrial applications. Meropa. CPC transported an average of approximately 743. refined-product. and other countries averaged 717.8 million barrels per day. The company supplies its products directly or through retailers and marketers to almost 9.000 barrels per day. 1. It also transports crude oil. Asia. Chevron owns and operates an extensive network of crude-oil. The company also has direct or indirect interests in other US and international pipelines. Ursa. In FY2009.600 branded motor vehicle retail outlets. Chevron operates in the chemicals segment via its North America . and natural-gas pipelines and other infrastructure assets in the US. the UK.3 million barrels per day of refined product sales worldwide. Africa. The company sells its products through a network of approximately 22. Southeast Asia.000 retail stations. including those of affiliated companies.000 barrels per day from Russia. including those of affiliated companies. and rail car. Texaco.000 barrels per day. The company also holds interest in 16 fuel refineries and markets its products under the Chevron. 433. and Caltex motor fuel and lubricants brands and also manufactures gasoline additive under the brand name Techron.000 retail stations. and western states of the US. It sells its products through a network of approximately 22. including 597. natural gas. Outside the US.000 barrels per day from Kazakhstan and 146.400 branded service stations. The company's worldwide net oil-equivalent production was approximately 2.000 barrels per day respectively.0587 .Crude Oil © Datamonitor.7 million barrels per day in FY2009.000 barrels per day. Delo. the US Gulf Coast extending into Latin America. During FY2009. and the US West Coast. South Korea.LEADING COMPANIES Chevron's net crude oil and natural gas production for FY2009 was 1. The company also markets an extensive line of lubricant and coolant products under brand names that include Havoline.

0 125.3 66. Brazil.165. power generation businesses.716 2009 167. in Wyoming. Colombia. and has equity interests in facilities in India and Mexico.LEADING COMPANIES 50%-owned affiliate Chevron Phillips Chemical Company (CPChem) and the wholly-owned Chevron Oronite Company (Chevron Oronite). Chevron’s remaining division deals with mining operations. Table 5: $ million Chevron Corporation: key financials ($) 2005 193. in New Mexico.0 65.440 2006 204. CPChem has 34 manufacturing facilities in the US. The company's coal mining and marketing subsidiary.483. Saudi Arabia. Japan. and Belgium.0 17. Chevron's mining operations produce and market coal and molybdenum in both the US and international markets. owns and operates two surface coal mines. The company's power generation business has interests in 13 power assets with a total operating capacity of more than 3.0 64.0 164.0 23.0 63.0 132. Singapore.Crude Oil © Datamonitor. and one underground coal mine. in Alabama.099. alternative fuels.2010 Page 22 . Chevron Mining (CMI). a decrease of 36.628. worldwide cash management and debt financing activities. South Korea.931.402 million in the fiscal year ending December 2009.958.0 77.698.931 million in the preceding year.0 53. Its net income was $10.0 71. Chevron's power generation business develops and operates commercial power projects. France.100 megawatts. Key Metrics The company recorded revenues of $167.641. the Netherlands.138.000 2008 264.0 161. including reserves of low-sulfur coal. The company also owns major geothermal operations in Indonesia and the Philippines.0587 .0 10. McKinley. and technology companies. This profile is a licensed product and is not to be photocopied 0205 . real estate activities. In FY2009.786. primarily through joint ventures in the US and Asia.0 14. Singapore.0 55.663. the company controlled approximately 193 million tons of proven and probable coal reserves in the US.892.0 148. China.0 72. insurance operations.132 Revenues Net income (loss) Total assets Total liabilities Employees Source: company filings DATAMONITOR North America . and Kemmerer.693. and Brazil.8% compared to fiscal 2008. corporate administrative functions. Chevron Oronite is a fuel and lubricating-oil additives business that owns and operates facilities in the US. North River.0 18.688.091.882 2007 214.483 million in fiscal 2009.0 63.833. Qatar.402.060. compared to a net income of $23.621.157.

LEADING COMPANIES Table 6: Ratio Chevron Corporation: key financial ratios 2005 7.3% $3.8%) 2.7% 4.0% 31.971.0% 13.512 $306.700 2009 6.273 $163.522 $263.610.3% 28.3% 48.666.Crude Oil © Datamonitor.8% 5.3% 8.3% $3.2% 12.2% 13.0587 .508 2008 9.460 Profit margin Revenue growth Asset growth Liabilities growth Debt/asset ratio Return on assets Revenue per employee Profit per employee Source: company filings DATAMONITOR Figure 10: Chevron Corporation: revenues & profitability Source: company filings DATAMONITOR North America .2% 12.431 $358.8% 48.8% 8.4% 35.623.3% (36.6% 50.4% 5.4% 0.4% $2.0% 23.2010 Page 23 .829 2006 8.682 2007 8.293.6% 48.708 $287.9% $3.5% 12.2% 15.1% (7.8% 6.2%) 43.4% $3. This profile is a licensed product and is not to be photocopied 0205 .

2010 Page 24 . This profile is a licensed product and is not to be photocopied 0205 .0587 .LEADING COMPANIES Figure 11: Chevron Corporation: assets & liabilities Source: company filings DATAMONITOR North America .Crude Oil © Datamonitor.

and gas marketing companies. Libya. LUKOIL Investment. Vietnam. transports. Proved reserves for ConocoPhillips at year end 2008 were 8. the UK. The company conducts its E&P operations in the US.000 BOED. and natural gas liquids on a worldwide basis.2010 Page 25 .com December COP New York DATAMONITOR Head office: Telephone: Website: Financial year-end: Ticker: Stock exchange: Source: company website ConocoPhillips is an international. averaged about 1. integrated energy company.conocophillips. chemicals.0587 . Texas 77079 USA 1 281 293 1000 www. The company conducts its midstream business through its 50% equity investment in DCP Midstream. Canada. In FY2009. The remaining residual gas is marketed to electrical utilities. and Russia. Algeria. and emerging businesses. Indonesia. 755.000 BOED were produced in the US and production from its international E&P operations averaged 1. Australia.Crude Oil © Datamonitor. butane. The total natural gas North America . The E&P segment primarily explores for. natural gas. Most of the natural gas liquids are fractionated and separated into individual components like ethane. Operations to liquefy natural gas and transport the resulting liquefied natural gas (LNG) are also included in the E&P segment.099. produces. fuel.LEADING COMPANIES ConocoPhillips Table 7: ConocoPhillips: key facts 600 North Dairy Ashford. It operates through six segments: exploration and production (E&P). refining and marketing (R&M). industrial users. or blendstock. including its share of equity affiliates' production excluding LUKOIL.08 billion barrels of oil equivalent (BOE). It also mines deposits of oil sands in Canada to extract bitumen and upgrade it into synthetic crude oil. the offshore region of Timor-Leste in the Timor Sea. This profile is a licensed product and is not to be photocopied 0205 . midstream.854. Nigeria.000 barrels-of-oil-equivalent per day (BOED). It operates worldwide with assets and businesses in nearly 40 countries. and propane. and markets crude oil. China. E&P's worldwide production. The midstream business purchases raw natural gas from producers and gathers natural gas through extensive pipeline gathering systems. The gathered natural gas is then processed to extract natural gas liquids. a joint venture with Spectra Energy (a North American natural gas infrastructure company). and marketed as chemical feedstock. Ecuador. During FY2009. Norway. Houston.

primarily in the US. The R&M segment purchases. Central Texas.300 barrels per day).000 barrels per day. As of December 31. and Malaysia. in which ConocoPhillips has equity interest. Europe. Midcontinent. and the Gulf Coast. and the UK.000 barrels per day.2 billion cubic feet per day.000 miles of pipeline.000 barrels per day and its share of fractionated liquids averaged 17. South Texas. a 25. Texas (with ConocoPhillips net share of capacity at 26.000 barrels per day in FY2009. and marketed gasoline. a joint venture. diesel. Texas (with ConocoPhillips net share of capacity at 24. Europe. Germany. Its facilities include a two billion cubic feet per day gas processing plant and a 70. and transports crude oil and petroleum products. By December 31. It further included a 40% interest in a fractionation plant in Conway. Conoco. and the Asia-Pacific region. markets products in Switzerland under the Coop North America . a joint venture principally with the National Gas Company of Trinidad and Tobago. New Mexico. It markets its products under the brand names of Phillips 66. which increased total processing capacity to two billion cubic feet per day. Kansas (with ConocoPhillips net share of capacity at 43. refines. For the same period. markets. Furthermore. 2009. and the US Gulf Coast. In addition. R&M had marketing operations in five European countries.LEADING COMPANIES liquids extracted in FY2009. 2009.0587 . as of year-end 2009. Phoenix Park processes natural gas in Trinidad and markets natural gas liquids in the Caribbean.200 barrels per day).5% equity interest in Gulf Coast Fractionators. A third gas processing train is currently under construction. Central America. and natural gas liquids extraction averaged 360. 10 natural gas liquid fractionation plants. Permian. its raw natural gas throughput averaged 6. DCP midstream's assets are primarily located in the following producing regions of the US: the Rocky Mountains.5% equity interest in a fractionation plant in Mont Belvieu. The company uses the JET brand name to market retail and wholesale products in Austria. Three refineries are located in the UK. It also included a 22. R&M owned or had an interest in five refineries outside the US. and aviation fuel through approximately 8. As of December 31. R&M owned or had an interest in 12 operating refineries in the US. and a 12.000 barrel per day capacity natural gas liquids fractionation plant in Gallup. DCP Midstream markets a portion of its natural gas liquids to ConocoPhillips and Chevron Phillips Chemical Company under a supply agreement that continues until December 2014. including its share of DCP Midstream.Crude Oil © Datamonitor.500 outlets in 49 states of the US.000 barrels per day). and 76 brands. In FY2009. which owns a natural gas liquids fractionation plant in Mont Belvieu.000 barrel per day natural gas liquid fractionator.2010 Page 26 . 2009. East Texas/North Louisiana. the R&M segment represented 24% of ConocoPhillips' total assets. while two refineries are located in Germany. ConocoPhillips also owns a 39% equity interest in Phoenix Park Gas Processors (Phoenix Park). ConocoPhillips’ share of natural gas liquids extracted averaged 8. DCP Midstream owned or operated 53 natural gas liquid extraction plants. the company's US natural gas liquids business included. Ireland. This profile is a licensed product and is not to be photocopied 0205 . and Asia. and its gathering and transmission systems included approximately 60. Outside of DCP midstream. A third gas processing train was completed in July 2009. was 187. The segment has operations in the US.

the company also has interests in 225 additional sites. catalysts. and the environment. The focus areas include advanced hydrocarbon processes. an international. biofuels. The segment also manufactures and markets polystyrene. such as those related to conventional and nonconventional hydrocarbon recovery (including heavy oil). paraxylene. The technology group focuses on developing new business opportunities designed to provide future growth prospects for ConocoPhillips. energy efficiency technologies. As of December 31.0587 . Texas. transportation fuels and marine bunkers to commercial customers. a variety of specialty chemical products. heating oils. as well as styrene-butadiene copolymers. The emerging businesses segment represents ConocoPhillips' investment in new technologies or businesses outside its normal scope of operations. a joint venture with the Chevron Corporation. and carbon capture and conversion technologies. refining. The specialties. including organosulfur chemicals.LEADING COMPANIES brand name. CPChem's business is structured around two primary operating segments: olefins and polyolefins. a joint venture near the Sweeny Refinery complex. and high-performance engineering plastics and compounds. Through its joint venture operations in Switzerland. which are primarily consumed within CPChem for the production of polyethylene. a wholly-owned 730 megawatt (MW) facility in the UK. However. drilling chemicals. The company also markets aviation fuels. It provides steam and electricity to the Humber Refinery and steam to a neighboring refinery. styrene. polypropylene. in August 2010. of which approximately 880 were company-owned and 345 were dealer-owned. and 20% based on estimated shares outstanding. the segment owns a gas fired cogeneration plant in Orange. and other olefin products. North America . The olefins and polyolefins segment produces and markets ethylene. ConocoPhillips decided to sell its 20% stake in Russian LUKOIL. and styrenics. ConocoPhillips' ownership interest in LUKOIL was 20% based on authorized and issued shares. mining chemicals. 2009. Activities within this segment are currently focused on power generation and innovation of new technologies. The segment focuses on its power business through projects including the Immingham combined heat and power plant (CHP). This profile is a licensed product and is not to be photocopied 0205 . propylene. The chemicals segment consists of ConocoPhillips' 50% equity investment in Chevron Phillips Chemical Company (CPChem). alternative energy. such as benzene. solvents. liquid petroleum gases. In addition. and polyethylene pipe. and cyclohexane. renewable fuels.225 marketing outlets in its European operations. normal alpha olefins. as well as merchant power into the UK market. aromatics. The LUKOIL Investment segment consists of ConocoPhillips' equity investment in the ordinary shares of LUKOIL. as well as a 50% operating interest in Sweeny Cogeneration. R&M also had approximately 1. and specialties.Crude Oil © Datamonitor. new petroleum based products. aromatics. integrated oil and gas company headquartered in Russia. and styrenics segment manufactures and markets aromatic products.2010 Page 27 .

998 million in the preceding year.600 2006 183.531.552 $404.8% 3.5% 2.6%) $7.0 4.Crude Oil © Datamonitor.782.0 152.0 35.858.667 $161.840 million in the fiscal year ending December 2009.0% 52.891.0 30.1% 11. a decrease of 36.8% 15.650. Its net income was $4. Table 8: $ million ConocoPhillips: key financials ($) 2005 179.998. This profile is a licensed product and is not to be photocopied 0205 .0 80. compared to a net loss of $16.899) 2009 3.4% $4.0 86.5% $5.0 106.0 33.442.933 Profit margin Revenue growth Asset growth Liabilities growth Debt/asset ratio Return on assets Revenue per employee Profit per employee Source: company filings DATAMONITOR North America .842.LEADING COMPANIES Key Metrics The company recorded revenues of $152.059.600.400 2007 187.9% $5.755 2008 (7.6%) (1.0 177.1% 7.6% 13.2% (36.028 2006 8.600 2008 240.3% 2.588.9% 8.0 87.5% compared to fiscal 2008.040.4% 58.2% 8.6% (10.865.5% (19.601.2010 Page 28 .0 89.800 2009 152.3% 6.0 (16.7% 3.840.858 million in fiscal 2009.503 ($502.781.5% 32.0 32.0) 142.5%) 6.933.601 $364.0 13.2% 49.0 11.529.757.506 $380.550.2% 49.125.5% 49.1%) 60.749.1%) 28.0587 .094.0 15.000 Revenues Net income (loss) Total assets Total liabilities Employees Source: company filings DATAMONITOR Table 9: Ratio ConocoPhillips: key financial ratios 2005 7.0 164.0 38.999.3% 54.437.0 53.3% $5.948 2007 6.

LEADING COMPANIES Figure 12: ConocoPhillips: revenues & profitability Source: company filings DATAMONITOR Figure 13: ConocoPhillips: assets & liabilities Source: company filings DATAMONITOR North America .2010 Page 29 .0587 . This profile is a licensed product and is not to be photocopied 0205 .Crude Oil © Datamonitor.

556 of crude oil and 9. including olefins. and bitumen for FY2009. Exxon Mobil's net exploration acreage totaled 72 million acres in 33 countries. refining. synthetic oil. The company conducts its business activities across the globe. the company replaced 133% of reserves produced. and polypropylene plastics.651 million barrels and 68. natural gas liquids. polyethylene. Australia. The company's upstream portfolio includes operations in the US. and chemicals. aromatics.exxonmobil. gas and power marketing.273 million cubic feet and 3. which include crude oil. Irving. Europe.9 million barrels per day respectively.com December XOM New York DATAMONITOR Head office: Telephone: Fax: Website: Financial year-end: Ticker: Stock exchange: Source: company website The Exxon Mobil Corporation (Exxon Mobil) is an integrated oil and gas company engaged in the exploration and production. South America. and Africa.Crude Oil © Datamonitor. Canada. the company had proven liquid reserves of 11.0587 . production.007 billion cubic feet of natural gas. Exxon's proved reserves of oil and gas during FY2009 were 23 million barrels. At the end of FY2009. The company is also a major manufacturer and marketer of commodity petrochemicals. by adding two billion oil-equivalent barrels to proved reserves while producing 1. Furthermore. Furthermore.4 million barrels per day. The company's production of natural gas and oil-equivalent for FY2009 was 9.LEADING COMPANIES Exxon Mobil Corporation Table 10: Exxon Mobil Corporation: key facts 5959 Las Colinas Boulevard. During the same year.2010 Page 30 . Exxon Mobil operates through three segments: upstream. development. The company's upstream business has operations in 36 countries and includes five global companies. The upstream segment explores for and produces crude oil and natural gas. the Middle East. This profile is a licensed product and is not to be photocopied 0205 . The company had 16. the Asia-Pacific. It also has interests in electric power generation facilities. including asset sales. and marketing of oil and natural gas. the Caspian region. and upstream-research activities. was 2.5 billion net oil-equivalent barrels. Moreover. Russia. Texas 75039 2298 USA 1 972 444 1000 1 972 444 1348 www. the company's net production of liquids.760 of natural gas net production wells at the end of FY2009. and a wide variety of specialty products. North America . These companies are responsible for the corporation's exploration. downstream. for FY2009.

Esso. Exxon Mobil's refinery throughput was 5. The chemicals division manufactures and sells petrochemicals. plasticizers. Exxon Mobil has interests in about 16. fluids. transportation systems.000 service stations and provide over one million industrial and wholesale customers with fuel products. and distribution centers that provide a range of fuels.3 million barrels per day and a lubricant base stock manufacturing capacity of 143 thousand barrels per day. polypropylene. a decrease of 34. zeolite catalysts and other petrochemical products. This profile is a licensed product and is not to be photocopied 0205 . Its net income was $19. oriented polypropylene packaging films. The company supplies lube base stocks and markets finished lubricants and specialty products. North America . supply. The refining and supply operations encompass a global network of manufacturing plants. At the end of FY2009. and feedstock to its customers around the world. The Exxon. The fuels marketing business operates throughout the world.9% compared to fiscal 2008. and On the Run brands serve motorists at nearly 28. lubes. polyethylene. and fuels marketing. compared to a net income of $45. with a distillation capacity of 6.586 million in the fiscal year ending December 2009. This includes a majority interest in the Castle Peak Power Company that generates electricity for consumers in Hong Kong and mainland China. additives for fuels and lubricants. Mobil. The company's refining and supply business focuses on providing fuel products and feedstock.280 million in fiscal 2009. synthetic rubber. In FY2009. and other high-valued products. Exxon Mobil Chemical is an integrated manufacturer and global marketer of olefins.LEADING COMPANIES The company is also engaged in power generation. lubricants.0587 . Exxon Mobil manufactures clean fuels.Crude Oil © Datamonitor. the company had interests in 37 refineries across 21 countries.4 million barrels per day. aromatics. synthetic lubricant base stocks. The company's downstream activities include refining.2010 Page 31 .000 megawatts of power generation capacity worldwide.220 million in the preceding year. Key Metrics The company recorded revenues of $310.

0 80.0 80.2% 6.100 2007 404.974.887.500.599 2008 9.006.280.467.7% 17.2010 Page 32 .6% 17.0 242.0 36.7% 17.900 Revenues Net income (loss) Total assets Total liabilities Employees Source: company filings DATAMONITOR Table 12: Ratio Exxon Mobil Corporation: key financial ratios 2005 10.359.0 97.335.0587 .000 2009 310.0% 52.320.121 2007 10.1% 8.3% 48.800 2008 477.220.563.552.0 83.5% 18.0 45. This profile is a licensed product and is not to be photocopied 0205 .9% $4.Crude Oil © Datamonitor.4%) (13.9%) (13.7% 3.LEADING COMPANIES Table 11: $ million Exxon Mobil Corporation: key financials ($) 2005 358.0% 18.0 122.955.0 269.0 141.0% 11.5% $4.7% 10.700 2006 365.0% 10.302 Profit margin Revenue growth Asset growth Liabilities growth Debt/asset ratio Return on assets Revenue per employee Profit per employee Source: company filings DATAMONITOR North America .661 2006 10.184 $241.8% 5.590 $431.5%) 52.4% 49.288.754.1% 23.5% 14.250 2009 6.130.7% $3.586.0 105.0 39.0 120.988 $565.4% 18.8% 1.0 219.486 $481.7% $5.832 $502.6% $5.610.9% 46.015.0 82.0 19.0 40.082.451.171.323.966.0 208.0 233.2% (34.0 79.6% 7.149.

LEADING COMPANIES Figure 14: Exxon Mobil Corporation: revenues & profitability Source: company filings DATAMONITOR Figure 15: Exxon Mobil Corporation: assets & liabilities Source: company filings DATAMONITOR North America . This profile is a licensed product and is not to be photocopied 0205 .Crude Oil © Datamonitor.2010 Page 33 .0587 .

030.601. primarily in the northeastern and southeastern regions of Mexico and offshore in the Gulf of Mexico.776 thousand barrels of oil equivalent per day and its crude oil production averaged 2. and each is a legal entity empowered to own property and carry on business in its own name.5 thousand barrels per day. The segment is engaged in processing wet natural gas to obtain dry natural gas. The exploration and production segment operates through the company's subsidiary PEMEX Exploration and Production (PEP). fuel oil. production. The gas and basic petrochemical business segment operates through the company's subsidiary PEMEX Gas and Basic Petrochemicals. Colonia Huasteca. refining. the segment's total hydrocarbon production was approximately 3. In FY2009. and marketing of oil and gas.2010 Page 34 . PEMEX is Mexico's state-owned. The segment focuses on exploration and production of crude oil and natural gas. and PEMEX Petrochemicals.Crude Oil © Datamonitor. of which 8.pemex. the company North America . In FY2009. there were 8. liquefied petroleum gas (LPG). These are decentralized public entities of the Mexican government.LEADING COMPANIES Petroleos Mexicanos (PEMEX) Table 13: Head office: Telephone: Fax: Website: Financial year-end: Source: company website Petroleos Mexicanos (PEMEX): key facts Avenida Marina Nacional No. The company's refining segment conducts its operations through the subsidiary PEMEX Refining.7 million cubic feet per day.540 thousand barrels per day and the subsidiary produced 1. diesel. and lubricants.803 retail service stations in Mexico. which converts crude oil into gasoline. nationalized petroleum company. Mexico City DF 11311 MEX 52 55 1944 2500 52 55 1944 9378 www. It also distributes and markets most of these products and derivatives throughout Mexico.754 were privately owned and operated as franchises and 49 were owned by PEMEX Refining. 329. The total production of natural gas (excluding natural gas liquids) in FY2009 averaged 7. asphalts. PEMEX primarily operates through four subsidiary entities: PEMEX Exploration and Production. jet fuel. PEMEX Refining. PEMEX Refining's atmospheric distillation refining capacity was approximately 1.343 thousand barrels per day of refined products. At the end of FY2009. Additionally. and other natural gas liquids. PEMEX Gas and Basic Petrochemicals. This profile is a licensed product and is not to be photocopied 0205 .com December DATAMONITOR Petroleos Mexicanos (PEMEX) is engaged in the exploration.0587 .

distributes.574. This profile is a licensed product and is not to be photocopied 0205 .0% compared to fiscal 2008.5 101. the company exported 779.7 2008 105. Table 14: $ million Petroleos Mexicanos (PEMEX): key financials ($) 2005 79. In FY2009.625. and oxygen.8 thousand barrels per day and imported 506. PEMEX Petrochemicals' total annual production (excluding ethane and butane gases) was 7. such as ethylene.381 million cubic feet per day of sour natural gas in FY2009. In FY2009. ethane derivatives. which are used by PEMEX Refining or PEMEX Petrochemicals.222. such as styrene. propylene and its derivatives.810.4 (6.5 (7.2) 97.192.3 95.095. such as ammonia and methanol.253. PEMEX Gas and Basic Petrochemicals' total sour natural gas processing capacity was 4.192 million in the fiscal year ending December 2009. and refined products.503 million cubic feet per day.572 million cubic feet of dry gas per day during the same period. including the following: methane derivatives.339.3 110. natural gas. nitrogen. The segment also produces and markets basic petrochemical feedstocks.LEADING COMPANIES transports.4 thousand barrels per day of refined products. It produced 378 thousand barrels per day of natural gas liquids and 3. PEMEX is also engaged in international trading.719. petrochemicals. In FY2009. The petrochemical business segment operates through the subsidiary PEMEX Petrochemicals. and paraxylene. During the same period.447. and other products.Crude Oil © Datamonitor. vinyl chloride monomer.0) 105.587 thousand tons. and ethylene oxide. Its net loss was $7. the company exported 244.8) 105.4 thousand metric tons and imported 568.3 thousand metric tons of petrochemical products.5 2006 103.384.486.241.684. a decrease of 18. The segment is engaged in the manufacture of different petrochemical products.5 3. and markets natural gas and liquefied petroleum gas throughout Mexico.8 95. the company exported 1. compared to a net loss of $8.713.513.486 million in fiscal 2009.839. toluene.9 2007 89.2 (8.7 2009 86.7 86.1 98. In FY2009.2 (1. PEMEX Gas and Basic Petrochemicals processed 3.853.200. under which it exports and imports crude oil.013.0587 .0) 89.1 thousand barrels per day of crude oil and imported 422. aromatics and their derivatives. such as acrylonitrile.0 million cubic feet per day of natural gas.2010 Page 35 .863 million in the preceding year. Key Metrics The company recorded revenues of $86. polyethylenes.863.1 Revenues Net income (loss) Total assets Total liabilities Source: company filings DATAMONITOR North America .

0 1.5%) 97.952.0% 2007 (1.0 1.837.0%) 7.4%) 17.0 1.4%) 2008 (8.209.305.4% 5.564.0%) 6.125.4% (7.0 1.328.0) 1.7%) 2009 (8.2% (1.096.662.0 (18.596.2%) 16.0 1.8% (8.0 DATAMONITOR 2005 2006 2007 2008 MXN million Revenues Net income (loss) Total assets Total liabilities Source: company filings Table 16: Ratio Petroleos Mexicanos (PEMEX): key financial ratios 2005 (8.LEADING COMPANIES Table 15: Petroleos Mexicanos (PEMEX): key financials (MXN) 2009 1.020.2010 Page 36 .510.1% 11.0% (7.0 (82.7%) (18.330.308.1% 10.0% (7.877.0 1.6%) (13.950.7% 4.0%) (5.953.6% 105.035.5% 97.0) 46.208.0 1.0% 6.281.831.0 1.Crude Oil © Datamonitor.4) (94.0 1.373.236.250. This profile is a licensed product and is not to be photocopied 0205 .921.586.0 1.089.0 1.4 1.5%) 2006 3.003.6% 30.4%) Profit margin Revenue growth Asset growth Liabilities growth Debt/asset ratio Return on assets Source: company filings DATAMONITOR North America .0) (112.037.0 1.280.076.332.358.136.5% 7.7% 15.0587 .398.9% 96.2% 96.

LEADING COMPANIES Figure 16: Petroleos Mexicanos (PEMEX): revenues & profitability Source: company filings DATAMONITOR Figure 17: Petroleos Mexicanos (PEMEX): assets & liabilities Source: company filings DATAMONITOR North America .Crude Oil © Datamonitor.2010 Page 37 .0587 . This profile is a licensed product and is not to be photocopied 0205 .

4% 4. an increase of 26.2% 4.9% 4.0 726.9 € billion 492.3 624.2 % Growth 28.7 599.MARKET FORECASTS MARKET FORECASTS Market value forecast In 2015.0587 .1 761. Table 17: Year 2010 2011 2012 2013 2014 2015 CAGR: 2010–15 Source: Datamonitor North America crude oil market value forecast: $ billion. the North American crude oil market is forecast to have a value of $828.8 795.5% 4. This profile is a licensed product and is not to be photocopied 0205 . 2010–15 $ billion 653.8 573.8 828.9 billion.9 546.4% 5.9%.2010 Page 38 .Crude Oil © Datamonitor.4% 5.8% since 2010.9% DATAMONITOR Figure 18: North America crude oil market value forecast: $ billion. The compound annual growth rate of the market in the period 2010–15 is predicted to be 4.5 689.1 518. 2010–15 Source: Datamonitor DATAMONITOR North America .

2010–15 billion barrels 8.3% 1.2010 Page 39 .MARKET FORECASTS Market volume forecast In 2015.9 9.8 8.8% 1.1% 2. 2010–15 Source: Datamonitor DATAMONITOR North America .4% DATAMONITOR Figure 19: North America crude oil market volume forecast: billion barrels.1% since 2010.Crude Oil © Datamonitor.4%.7% 1.4 8. The compound annual growth rate of the market in the period 2010–15 is predicted to be 1. an increase of 7. Table 18: Year 2010 2011 2012 2013 2014 2015 CAGR: 2010–15 Source: Datamonitor North America crude oil market volume forecast: billion barrels. This profile is a licensed product and is not to be photocopied 0205 .6 8. the North American crude oil market is forecast to have a volume of 9 billion barrels.5 8.1% 0.0 % Growth 0.0587 .7% 1.

all aggregated. This profile is a licensed product and is not to be photocopied 0205 .000+ industry interviews and consumer surveys and supported by analysis from industry experts using highly complex modeling & forecasting tools. cross-checked and presented in a consistent and accessible style.Crude Oil © Datamonitor. regulatory and demand-related factors Continuous quality control ensures that our processes and profiles remain focused. The parameters of each definition are carefully reviewed at the start of the research process to ensure they match the requirements of both the market and our clients Extensive secondary research activities ensure we are always fully up-to-date with the latest industry events and trends Datamonitor aggregates and analyzes a number of secondary information sources.2010 Page 40 . Review of in-house databases – Created using 250. analyzed. which can then be refined according to specific competitive. accurate and up-to-date North America . analyst commentary. which enable our researchers to build an accurate market overview Definitions – Market definitions are standardized to allow comparison from country to country. Datamonitor’s in-house databases provide the foundation for all related industry profiles Preparatory research – We also maintain extensive in-house databases of news.0587 . including: National/Governmental statistics International data (official international sources) National and International trade associations Broker and analyst reports Company Annual Reports Business information libraries and databases Modeling & forecasting tools – Datamonitor has developed powerful tools that allow quantitative and qualitative data to be combined with related macroeconomic and demographic drivers to create market models and forecasts.APPENDIX APPENDIX Methodology Datamonitor Industry Profiles draw on extensive primary and secondary research. company profiles and macroeconomic & demographic information.

Crude Oil © Datamonitor.opec.eia.0587 . USA Tel. DC 20585.2010 Page 41 .org Related Datamonitor research Industry Profile Crude Oil in Belgium Crude Oil in the Netherlands Crude Oil in Canada Crude Oil in Argentina Crude Oil in Chile North America .: 1 202 586 8800 Fax: 1 202 586 0727 www. SW. Austria Tel.: 43 1 21112 380 Fax: 43 1 2149 827 www.gov OPEC Obere Donaustrasse 9.doe. Washington. This profile is a licensed product and is not to be photocopied 0205 .APPENDIX Industry associations Energy Information Administration 1000 Independence Avenue. A-1020 Vienna.

APPENDIX Disclaimer All Rights Reserved. mechanical.0587 . whose accuracy we are not always in a position to guarantee. No part of this publication may be reproduced. stored in a retrieval system or transmitted in any form by any means. recording or otherwise. conclusions and recommendations that Datamonitor delivers will be based on information gathered in good faith from both primary and secondary sources. photocopying.2010 Page 42 . Please note that the findings. The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. electronic. North America . without the prior permission of the publisher. As such Datamonitor can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect. This profile is a licensed product and is not to be photocopied 0205 . Datamonitor plc.Crude Oil © Datamonitor.

Combining our industry knowledge and experience. market growth and pricing. profiles give you the most important qualitative and quantitative summary information you need . delivering independent data.2010 Page 43 . competitors and products. Datamonitor consulting We hope that the data and analysis in this profile will help you make informed and imaginative business decisions. helping you create new business opportunities and ideas. providing top-level information on 30. please contact us directly at consulting@datamonitor. Energy & Utilities. we assist over 6. Our experts then interpret this data to produce detailed forecasts and actionable recommendations. Premium Reports Datamonitor's premium reports are based on primary research with industry panels and consumers.ABOUT DATAMONITOR ABOUT DATAMONITOR The Datamonitor Group is a world-leading provider of premium global business information.000 industries and 100 countries. Logistics & Express. our market intelligence products and services ensure that you will achieve your desired commercial goals by giving you the insight you need to best respond to your competitive environment. Retail.0587 . Financial Services. While they do not contain the highly detailed breakdowns found in premium reports. This profile is a licensed product and is not to be photocopied 0205 .000 companies. Pharmaceutical & Healthcare. For more information about Datamonitor’s consulting capabilities. analysis and opinion across the Automotive. Consumer Markets. Delivered online via our user-friendly web platforms. Datamonitor’s consulting team may be able to help you. Summary Reports Our series of company. industry and country profiles complements our premium products. Technology and Telecoms industries. If you have further requirements.com. 3. We gather information on market segmentation. North America .Crude Oil © Datamonitor.including predictions and forecasts.000 of the world’s leading companies in making better strategic and operational decisions.