Petroleum industry
The petroleum industry includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol).
Petroleum Industry Media
World oil reserves, 2013
Oil Field in Baku, Azerbaijan, 1926
Oil wells in Boryslav
Galician oil wells
Net income of the global oil and gas industry reached a record US$4 trillion in 2022.
After recovering from the COVID-19 pandemic, energy company profits increased with greater revenues from higher fuel prices resulting from the Russian invasion of Ukraine, falling debt levels, tax write-downs of projects shut down in Russia, and backing off from earlier plans to reduce greenhouse gas emissions.
World crude oil production from wells (excludes surface-mined oil, such as from Canadian heavy oil sands), 1930–2012
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