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Oil & Gas North America (NAFTA) Industry Guide 2021-2030

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    Report

  • 258 Pages
  • February 2026
  • Region: North America
  • MarketLine
  • ID: 4894638
The NAFTA Oil & Gas industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The oil & gas industry within the NAFTA countries had a total market value of $12,84,051.5 million in 2025.The US was the fastest growing country, with a CAGR of 6.2% over the 2021-25 period.
  • Within the oil & gas industry, the US is the leading country among the NAFTA bloc, with market revenues of $9,82,074.4 million in 2025. This was followed by Mexico and Canada, with a value of $1,55,239.2 and $1,46,737.9 million, respectively.
  • The US is expected to lead the oil & gas industry in the NAFTA bloc, with a value of $10,99,580.4 million in 2030, followed by Mexico and Canada with expected values of $1,76,112.7 and $1,56,421.6 million, respectively.

Report Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the NAFTA oil & gas market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA oil & gas market
  • Leading company profiles reveal details of key oil & gas market players’ NAFTA operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the NAFTA oil & gas market with five year forecasts by both value and volume
  • Compares data from the US, Canada and Mexico, alongside individual chapters on each country

Reasons to Buy

  • What was the size of the NAFTA oil & gas market by value in 2025?
  • What will be the size of the NAFTA oil & gas market in 2030?
  • What factors are affecting the strength of competition in the NAFTA oil & gas market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the NAFTA oil & gas market?

Table of Contents

1 Introduction
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 NAFTA Oil & Gas
2.1. Industry Outlook
3 Oil & Gas in Canada
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Oil & Gas in Mexico
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Macroeconomic Indicators
6.1. Country data
7 Oil & Gas in The United States
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 Macroeconomic Indicators
8.1. Country data
9 Company Profiles
9.1. Suncor Energy Inc
9.2. Exxon Mobil Corp
9.3. Cenovus Energy Inc
9.4. Shell plc
9.5. TotalEnergies SE
9.6. BP Plc
9.7. Wintershall Dea AG
9.8. Eni SpA
9.9. Edison SpA
9.10. Idemitsu Kosan Co Ltd
9.11. ENEOS Holdings Inc
9.12. Fuji United Holdings Co Ltd
9.13. Gazprom
9.14. Rosneft Oil Co
9.15. Lukoil Oil Co
9.16. Surgutneftegas
9.17. Chevron Corp
9.18. ConocoPhillips
9.19. Petroleos Mexicanos
9.20. Petroleo Brasileiro SA
9.21. Equinor ASA
9.22. China Petroleum & Chemical Corp
9.23. China National Petroleum Corp
9.24. Zhongman Petroleum and Natural Gas Group Co Ltd
9.25. CNOOC Ltd
9.26. Reliance Industries Ltd
9.27. Indian Oil Corp Ltd
9.28. Bharat Petroleum Corp Ltd
9.29. Hindustan Petroleum Corp Ltd
9.30. PetroChina Co Ltd
9.31. Gasum Oy
9.32. Neste Corp
9.33. PT Pertamina (Persero)
9.34. SKK Migas
9.35. EBN BV
9.36. Aker BP ASA
9.37. Var Energi ASA
9.38. Puma Energy Holdings Pte Ltd
9.39. Korea Gas Corp
9.40. S-Oil Corporation Inc
9.41. Korea National Oil Corp
9.42. Repsol SA
9.43. Moeve
9.44. VAROPreem
9.45. Turkiye Petrol Rafinerileri AS
9.46. Turkiye Petrolleri Anonim Ortakligi
9.47. BHP Group Ltd
9.48. Ampol Ltd
9.49. Woodside Energy Group Ltd
9.50. Nordsofonden
9.51. BlueNord ASA
10 Appendix
10.1. Methodology
10.2. About the Publisher
List of Tables
Table 1: NAFTA countries oil & gas industry, revenue ($m), 2021-30
Table 2: NAFTA countries oil & gas industry, revenue ($m), 2021-25
Table 3: NAFTA countries oil & gas industry forecast, revenue ($m), 2025-30
Table 4: Canada oil & gas market value: $ million, 2020-25
Table 5: Canada oil & gas market volume: million BoE, 2020-25
Table 6: Canada oil & gas market category segmentation: % share, by value, 2020-25
Table 7: Canada oil & gas market category segmentation: $ million, 2020-25
Table 8: Canada oil & gas market geography segmentation: $ million, 2025
Table 9: Canada oil & gas market value forecast: $ million, 2025-30
Table 10: Canada oil & gas market volume forecast: million BoE, 2025-30
Table 11: Canada Size of Population (Million), 2021-25
Table 12: Canada Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 13: Canada GDP (Current Prices, $ Billion), 2021-25
Table 14: Canada Inflation, 2021-25
Table 15: Canada Consumer Price Index (Absolute), 2021-25
Table 16: Canada Exchange Rate, 2020-25
Table 17: Mexico oil & gas market value: $ million, 2020-25
Table 18: Mexico oil & gas market volume: million BoE, 2020-25
Table 19: Mexico oil & gas market category segmentation: % share, by value, 2020-25
Table 20: Mexico oil & gas market category segmentation: $ million, 2020-25
Table 21: Mexico oil & gas market geography segmentation: $ million, 2025
Table 22: Mexico oil & gas market value forecast: $ million, 2025-30
Table 23: Mexico oil & gas market volume forecast: million BoE, 2025-30
Table 24: Mexico Size of Population (Million), 2021-25
Table 25: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 26: Mexico GDP (Current Prices, $ Billion), 2021-25
Table 27: Mexico Inflation, 2021-25
Table 28: Mexico Consumer Price Index (Absolute), 2021-25
Table 29: Mexico Exchange Rate, 2020-25
Table 30: United States oil & gas market value: $ million, 2020-25
Table 31: United States oil & gas market volume: million BoE, 2020-25
Table 32: United States oil & gas market category segmentation: % share, by value, 2020-25
Table 33: United States oil & gas market category segmentation: $ million, 2020-25
Table 34: United States oil & gas market geography segmentation: $ million, 2025
Table 35: United States oil & gas market value forecast: $ million, 2025-30
Table 36: United States oil & gas market volume forecast: million BoE, 2025-30
Table 37: United States Size of Population (Million), 2021-25
Table 38: United States Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 39: United States GDP (Current Prices, $ Billion), 2021-25
Table 40: United States Inflation, 2021-25
Table 41: United States Consumer Price Index (Absolute), 2021-25
Table 42: United States Exchange Rate, 2020-25
List of Figures
Figure 1: NAFTA countries oil & gas industry, revenue ($m), 2021-30
Figure 2: NAFTA countries oil & gas industry, revenue ($m), 2021-25
Figure 3: NAFTA countries oil & gas industry forecast, revenue ($m), 2025-30
Figure 4: Canada oil & gas market value: $ million, 2020-25
Figure 5: Canada oil & gas market volume: million BoE, 2020-25
Figure 6: Canada oil & gas market category segmentation: $ million, 2020-25
Figure 7: Canada oil & gas market geography segmentation: % share, by value, 2025
Figure 8: Canada oil & gas market value forecast: $ million, 2025-30
Figure 9: Canada oil & gas market volume forecast: million BoE, 2025-30
Figure 10: Forces driving competition in the oil & gas market in Canada, 2025
Figure 11: Drivers of buyer power in the oil & gas market in Canada, 2025
Figure 12: Drivers of supplier power in the oil & gas market in Canada, 2025
Figure 13: Factors influencing the likelihood of new entrants in the oil & gas market in Canada, 2025
Figure 14: Factors influencing the threat of substitutes in the oil & gas market in Canada, 2025
Figure 15: Drivers of degree of rivalry in the oil & gas market in Canada, 2025
Figure 16: Mexico oil & gas market value: $ million, 2020-25
Figure 17: Mexico oil & gas market volume: million BoE, 2020-25
Figure 18: Mexico oil & gas market category segmentation: $ million, 2020-25
Figure 19: Mexico oil & gas market geography segmentation: % share, by value, 2025
Figure 20: Mexico oil & gas market value forecast: $ million, 2025-30
Figure 21: Mexico oil & gas market volume forecast: million BoE, 2025-30
Figure 22: Forces driving competition in the oil & gas market in Mexico, 2025
Figure 23: Drivers of buyer power in the oil & gas market in Mexico, 2025
Figure 24: Drivers of supplier power in the oil & gas market in Mexico, 2025
Figure 25: Factors influencing the likelihood of new entrants in the oil & gas market in Mexico, 2025
Figure 26: Factors influencing the threat of substitutes in the oil & gas market in Mexico, 2025
Figure 27: Drivers of degree of rivalry in the oil & gas market in Mexico, 2025
Figure 28: United States oil & gas market value: $ million, 2020-25
Figure 29: United States oil & gas market volume: million BoE, 2020-25
Figure 30: United States oil & gas market category segmentation: $ million, 2020-25
Figure 31: United States oil & gas market geography segmentation: % share, by value, 2025
Figure 32: United States oil & gas market value forecast: $ million, 2025-30
Figure 33: United States oil & gas market volume forecast: million BoE, 2025-30
Figure 34: Forces driving competition in the oil & gas market in the United States, 2025
Figure 35: Drivers of buyer power in the oil & gas market in the United States, 2025
Figure 36: Drivers of supplier power in the oil & gas market in the United States, 2025
Figure 37: Factors influencing the likelihood of new entrants in the oil & gas market in the United States, 2025
Figure 38: Factors influencing the threat of substitutes in the oil & gas market in the United States, 2025
Figure 39: Drivers of degree of rivalry in the oil & gas market in the United States, 2025

Companies Mentioned (Partial List)

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

  • Aker BP ASA
  • Ampol Ltd
  • Bharat Petroleum Corp Ltd
  • BHP Group Ltd
  • BlueNord ASA
  • BP Plc
  • Cenovus Energy Inc
  • Chevron Corp
  • China National Petroleum Corp
  • China Petroleum & Chemical Corp
  • CNOOC Ltd
  • ConocoPhillips
  • EBN BV
  • Edison SpA
  • ENEOS Holdings Inc
  • Eni SpA
  • Equinor ASA
  • Exxon Mobil Corp
  • Fuji United Holdings Co Ltd
  • Gasum Oy
  • Gazprom
  • Hindustan Petroleum Corp Ltd
  • Idemitsu Kosan Co Ltd
  • Indian Oil Corp Ltd
  • Korea Gas Corp
  • Korea National Oil Corp
  • Lukoil Oil Co
  • Moeve
  • Neste Corp
  • Nordsofonden
  • PetroChina Co Ltd
  • Petroleo Brasileiro SA
  • Petroleos Mexicanos
  • PT Pertamina (Persero)
  • Puma Energy Holdings Pte Ltd
  • Reliance Industries Ltd
  • Repsol SA
  • Rosneft Oil Co
  • Shell plc
  • SKK Migas
  • S-Oil Corporation Inc
  • Suncor Energy Inc
  • Surgutneftegas
  • TotalEnergies SE
  • Turkiye Petrol Rafinerileri AS
  • Turkiye Petrolleri Anonim Ortakligi
  • Var Energi ASA
  • VAROPreem
  • Wintershall Dea AG
  • Woodside Energy Group Ltd
  • Zhongman Petroleum and Natural Gas Group Co Ltd