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Oil & Gas in Europe

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    Report

  • 54 Pages
  • February 2025
  • Region: Europe
  • MarketLine
  • ID: 1923298
Oil & Gas in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). 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 & gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas in each country in a specific year. 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 European oil & gas market recorded revenues of $1.78 trillion in 2024, representing a compound annual growth rate (CAGR) of 2.6% between 2019 and 2024.
  • Market consumption volumes declined with a negative CAGR of 0.3% between 2019 and 2024, reaching a total of 12.00 billion BoE in 2024.
  • Russia captured a massive share of 36.7% in the European oil & gas market volume in 2024.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Europe
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Europe
  • 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 Europe oil & gas market with five year forecasts

Reasons to Buy

  • What was the size of the Europe oil & gas market by value in 2024?
  • What will be the size of the Europe oil & gas market in 2029?
  • What factors are affecting the strength of competition in the Europe oil & gas market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Europe's oil & gas market?

Table of Contents

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 are the strengths of the leading players?
7.3. Have there been any recent developments in the market?
8 Company Profiles
8.1. Gazprom
8.2. Shell plc
8.3. BP Plc
8.4. Rosneft Oil Co
8.5. TotalEnergies SE
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Europe oil & gas market value: $ million, 2019-24
Table 2: Europe oil & gas market volume: million BoE, 2019-24
Table 3: Europe oil & gas market category segmentation: % share, by value, 2019-24
Table 4: Europe oil & gas market category segmentation: $ million, 2019-24
Table 5: Europe oil & gas market geography segmentation: $ million, 2024
Table 6: Europe oil & gas market value forecast: $ million, 2024-29
Table 7: Europe oil & gas market volume forecast: million BoE, 2024-29
Table 8: Gazprom: Key Facts
Table 9: Gazprom: Annual Financial Ratios
Table 10: Gazprom: Key Employees
Table 11: Shell plc: Key Facts
Table 12: Shell plc: Annual Financial Ratios
Table 13: Shell plc: Key Employees
Table 14: BP Plc: Key Facts
Table 15: BP Plc: Annual Financial Ratios
Table 16: BP Plc: Key Employees
Table 17: BP Plc: Key Employees Continued
Table 18: Rosneft Oil Co: Key Facts
Table 19: Rosneft Oil Co: Annual Financial Ratios
Table 20: Rosneft Oil Co: Key Employees
Table 21: TotalEnergies SE: Key Facts
Table 22: TotalEnergies SE: Annual Financial Ratios
Table 23: TotalEnergies SE: Key Employees
Table 24: Europe Size of Population (Million), 2020-24
Table 25: Europe Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 26: Europe GDP (Current Prices, $ Billion), 2020-24
Table 27: Europe Inflation, 2020-24
Table 28: Europe Consumer Price Index (Absolute), 2020-24
Table 29: Europe Exchange Rate, 2019-24
List of Figures
Figure 1: Europe oil & gas market value: $ million, 2019-24
Figure 2: Europe oil & gas market volume: million BoE, 2019-24
Figure 3: Europe oil & gas market category segmentation: $ million, 2019-24
Figure 4: Europe oil & gas market geography segmentation: % share, by value, 2024
Figure 5: Europe oil & gas market value forecast: $ million, 2024-29
Figure 6: Europe oil & gas market volume forecast: million BoE, 2024-29
Figure 7: Forces driving competition in the oil & gas market in Europe, 2024
Figure 8: Drivers of buyer power in the oil & gas market in Europe, 2024
Figure 9: Drivers of supplier power in the oil & gas market in Europe, 2024
Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in Europe, 2024
Figure 11: Factors influencing the threat of substitutes in the oil & gas market in Europe, 2024
Figure 12: Drivers of degree of rivalry in the oil & gas market in Europe, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Gazprom
  • Shell plc
  • BP Plc
  • Rosneft Oil Co
  • TotalEnergies SE