02 Jun Oil and gas industry revenue in the United States from 2019 to 2021
I also attached the assignment that was completed in week 3 as referred to in the instructions
https://blackboard.strayer.edu/bbcswebdav/institution/ECO/ECO100/210700/Course_Files/cf_ECO100_week9_MacroeconomicPaperTemplate.docx
https://blackboard.strayer.edu/bbcswebdav/institution/ECO/ECO100/210700/Course_Files/cf_ECO100_Week9_AssignmentAid.docx
https://www-statista-com.libdatab.strayer.edu/
Overview
| Statistic as Excel Data File | Description |
| Oil and gas industry revenue in the United States from 2019 to 2021 (in million U.S. dollars) | In 2021, the total revenue of the United States’ oil and gas industry came to about 211.9 billion U.S. dollars, an increase from the previous year, when the coronavirus pandemic impacted in the industry. The advent of shale Following the financial crisis, investors sought to increase domestic production and reduce dependence on foreign oil and gas in turbulent international markets. Despite high start-up costs, shale gas and tight oil became economically viable to extract as the result of new methods such as hydraulic fracturing. Production expanded rapidly in states with large permeable rock formations of sandstone, such as Texas and North Dakota . Surplus and instability The United States’ production of shale gas and tight oil has continued to grow uninhibitedly since 2008. The trajectory of the gross output in the United States' oil and gas extraction industry largely precipitates the changes in total revenue. |
| Access data | https://www-statista-com.libdatab.strayer.edu/statistics/294614/revenue-of-the-gas-and-oil-industry-in-the-us/ |
| Source | Various sources (company data); EY |
| Conducted by | Various sources (company data) |
| Survey period | 2019 to 2021 |
| Region | United States |
| Note | * Figures include the 50 largest companies based on 2021 U.S. end-of-year oil and gas reserves. This statistic was assembled using several editions of the report. Figures for 2017 to 2020 were restated in the 2022 edition of the report. |
| Original source | EY – US oil and gas reserves and production study 2022 |
Data
| Oil & Gas Industry | ||
| Year | Revenue (Million) | |
| 2019 | $167,549.00 | |
| 2020 | $112,167.00 | |
| 2021 | $211,929.00 | |
| Source | https://www-statista-com.libdatab.strayer.edu/statistics/294614/revenue-of-the-gas-and-oil-industry-in-the-us/ |
Oil and Gas Industry Revenue in the United States from 2019 to 2021
Revenue (Million)
2019 2020 2021 167549 112167 211929
Year
Revenue in million U.S. dollars
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