<th id="xbe7v"><video id="xbe7v"><acronym id="xbe7v"></acronym></video></th>

    1. <center id="xbe7v"></center>
    2. <code id="xbe7v"><nobr id="xbe7v"><sub id="xbe7v"></sub></nobr></code>

        Petroleum Refining Industry Profile

        View Full Sample Add To Cart

        Excerpt from Petroleum Refining Industry Profile

        Companies in this industry refine crude oil to produce fuel and other products. Major companies include Chevron, Exxon Mobil, and Valero (all headquartered in the US); BP (the UK); and Royal Dutch Shell (the Netherlands).

        Worldwide, the petroleum refining industry processes about 83 million barrels of crude oil each day, including about 16.5 million barrels per day refined in the US, according to the 2020 BP Statistical Review of World Energy. The countries with the largest refining throughput are the US, China, Russia, India, Japan, and South Korea. China, the Middle East and the US are expected to account for most of the refinery capacity expansions over the next several years.

        The US has about 135 petroleum refineries, owned by about 52 companies. The industry has annual revenue of about $500 billion. Variations in the price of crude oil can cause revenue to fluctuate significantly.

        COMPETITIVE LANDSCAPE

        Demand is driven by consumption of gas and diesel fuel. The profitability of refineries depends on feedstock prices, efficient operations and the best mixture of products. Although there are significant economies of scale in refinery operations, a small refinery can compete effectively with large ones if it's located in a favorable market area, or if it produces specialty products that are in high demand. The US industry is highly concentrated: the eight largest companies account for about 70% of revenue.

        Imports of refined petroleum products account for ...

         
        View Full Sample Add To Cart Return to the Industry Profile Menu

        Related Profiles

        Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

        Learn More About Subscription Options
         
        老司机精品视频100部456电影网6070影院狠狠夜夜大香蕉伊人狠狠射