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Hoover's is Beta Testing our Industries section.
Petroleum Refining Industry Financials
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Petroleum Refining Industry Financial Summary
About 145 petroleum refineries operate in the US, owned by 60 companies, with combined annual revenue of $160 billion. Large refiners include Valero, ConocoPhillips, ExxonMobil, BP, and Chevron. Annual revenue fluctuates substantially because of the shifting price of crude oil. The industry is highly concentrated: the five largest refiners hold about 50 percent of all US refining capacity.
Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Petroleum Refining industry.
| NAICS | NAICS Description | Establishments | Sales, Receipts, or Shipments ($1,000) | Annual Payroll ($1,000) | Paid Employees |
|---|---|---|---|---|---|
| 324110 | Petroleum refineries | 203 | $193,547,214 | $4,323,983 | 61,585 |
| All NAICS Sectors | 203 | $193,547,214 | $4,323,983 | 61,585 |
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