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Oil & Gas in Australia

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    Report

  • 48 Pages
  • February 2025
  • Region: Australia
  • MarketLine
  • ID: 1923516
Oil & Gas in Australia 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 Australian oil & gas market recorded revenues of $74.7 billion in 2024, representing a negative compound annual growth rate (CAGR) of 0.3% between 2019 and 2024.
  • Market consumption volumes declined with a negative CAGR of 0.6% between 2019 and 2024, reaching a total of 633.2 million BoE in 2024.
  • According to the publisher, Australia captured a share of 3.1% in the Asia-Pacific oil & gas market value, 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 Australia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Australia
  • 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 Australia oil & gas market with five year forecasts

Reasons to Buy

  • What was the size of the Australia oil & gas market by value in 2024?
  • What will be the size of the Australia oil & gas market in 2029?
  • What factors are affecting the strength of competition in the Australia oil & gas market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Australia'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 strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. Exxon Mobil Corp
8.2. BHP Group Ltd
8.3. Woodside Energy Group Ltd
8.4. Ampol Ltd
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: Australia oil & gas market value: $ million, 2019-24
Table 2: Australia oil & gas market volume: million BoE, 2019-24
Table 3: Australia oil & gas market category segmentation: % share, by value, 2019-24
Table 4: Australia oil & gas market category segmentation: $ million, 2019-24
Table 5: Australia oil & gas market geography segmentation: $ million, 2024
Table 6: Australia oil & gas market value forecast: $ million, 2024-29
Table 7: Australia oil & gas market volume forecast: million BoE, 2024-29
Table 8: Exxon Mobil Corp: Key Facts
Table 9: Exxon Mobil Corp: Annual Financial Ratios
Table 10: Exxon Mobil Corp: Key Employees
Table 11: Exxon Mobil Corp: Key Employees Continued
Table 12: BHP Group Ltd: Key Facts
Table 13: BHP Group Ltd: Annual Financial Ratios
Table 14: BHP Group Ltd: Key Employees
Table 15: Woodside Energy Group Ltd: Key Facts
Table 16: Woodside Energy Group Ltd: Annual Financial Ratios
Table 17: Woodside Energy Group Ltd: Key Employees
Table 18: Ampol Ltd: Key Facts
Table 19: Ampol Ltd: Annual Financial Ratios
Table 20: Ampol Ltd: Key Employees
Table 21: Australia Size of Population (Million), 2020-24
Table 22: Australia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 23: Australia GDP (Current Prices, $ Billion), 2020-24
Table 24: Australia Inflation, 2020-24
Table 25: Australia Consumer Price Index (Absolute), 2020-24
Table 26: Australia Exchange Rate, 2019-24
List of Figures
Figure 1: Australia oil & gas market value: $ million, 2019-24
Figure 2: Australia oil & gas market volume: million BoE, 2019-24
Figure 3: Australia oil & gas market category segmentation: $ million, 2019-24
Figure 4: Australia oil & gas market geography segmentation: % share, by value, 2024
Figure 5: Australia oil & gas market value forecast: $ million, 2024-29
Figure 6: Australia oil & gas market volume forecast: million BoE, 2024-29
Figure 7: Forces driving competition in the oil & gas market in Australia, 2024
Figure 8: Drivers of buyer power in the oil & gas market in Australia, 2024
Figure 9: Drivers of supplier power in the oil & gas market in Australia, 2024
Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in Australia, 2024
Figure 11: Factors influencing the threat of substitutes in the oil & gas market in Australia, 2024
Figure 12: Drivers of degree of rivalry in the oil & gas market in Australia, 2024

Companies Mentioned (Partial List)

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

  • Exxon Mobil Corp
  • BHP Group Ltd
  • Woodside Energy Group Ltd
  • Ampol Ltd