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Size of the US Petroleum and Coal Products Manufacturing industry

NAICS 324, Petroleum and Coal Products Manufacturing. Every figure on this page was published by a federal statistical agency and carries its source and period. Palanor does not estimate: a period the agency didn’t publish shows as missing, and a figure it withheld shows as withheld.

Key figures

Receipts (sales, shipments or revenue)
$883 billion
2022 · Economic Census
All establishments, current dollars
Value added (GDP by industry)
$161 billion
2025 · GDP by Industry
Current dollars
Employment
106,790
2026-Q1 · Quarterly Census of Employment and Wages
Private-sector jobs in the third month of each quarter
Establishments
2,729
2026-Q1 · Quarterly Census of Employment and Wages
Private ownership
Firms
790
2022 · Economic Census
Annual payroll
$12.9 billion
2023 · County Business Patterns

Over time

Value added, seasonally adjusted annual rate · GDP by IndustryLatest $167 billion · 2026-Q1
2005-Q1: $134 billion2005-Q2: $132 billion2005-Q3: $149 billion2005-Q4: $149 billion2006-Q1: $144 billion2006-Q2: $146 billion2006-Q3: $142 billion2006-Q4: $129 billion2007-Q1: $137 billion2007-Q2: $163 billion2007-Q3: $148 billion2007-Q4: $172 billion2008-Q1: $169 billion2008-Q2: $164 billion2008-Q3: $169 billion2008-Q4: $117 billion2009-Q1: $97.3 billion2009-Q2: $97.8 billion2009-Q3: $117 billion2009-Q4: $131 billion2010-Q1: $124 billion2010-Q2: $118 billion2010-Q3: $120 billion2010-Q4: $134 billion2011-Q1: $145 billion2011-Q2: $165 billion2011-Q3: $171 billion2011-Q4: $155 billion2012-Q1: $169 billion2012-Q2: $159 billion2012-Q3: $156 billion2012-Q4: $152 billion2013-Q1: $157 billion2013-Q2: $132 billion2013-Q3: $138 billion2013-Q4: $160 billion2014-Q1: $147 billion2014-Q2: $151 billion2014-Q3: $152 billion2014-Q4: $142 billion2015-Q1: $138 billion2015-Q2: $144 billion2015-Q3: $137 billion2015-Q4: $107 billion2016-Q1: $78.4 billion2016-Q2: $76.3 billion2016-Q3: $72.9 billion2016-Q4: $76.6 billion2017-Q1: $94.8 billion2017-Q2: $101 billion2017-Q3: $112 billion2017-Q4: $134 billion2018-Q1: $141 billion2018-Q2: $149 billion2018-Q3: $157 billion2018-Q4: $170 billion2019-Q1: $140 billion2019-Q2: $149 billion2019-Q3: $141 billion2019-Q4: $143 billion2020-Q1: $104 billion2020-Q2: $30.6 billion2020-Q3: $53.8 billion2020-Q4: $57.5 billion2021-Q1: $107 billion2021-Q2: $140 billion2021-Q3: $162 billion2021-Q4: $182 billion2022-Q1: $207 billion2022-Q2: $258 billion2022-Q3: $233 billion2022-Q4: $227 billion2023-Q1: $211 billion2023-Q2: $198 billion2023-Q3: $245 billion2023-Q4: $218 billion2024-Q1: $210 billion2024-Q2: $204 billion2024-Q3: $185 billion2024-Q4: $184 billion2025-Q1: $160 billion2025-Q2: $149 billion2025-Q3: $165 billion2025-Q4: $170 billion2026-Q1: $167 billion
Show the numbers
PeriodValue
2026-Q1$167 billion
2025-Q4$170 billion
2025-Q3$165 billion
2025-Q2$149 billion
2025-Q1$160 billion
2024-Q4$184 billion
2024-Q3$185 billion
2024-Q2$204 billion
2024-Q1$210 billion
2023-Q4$218 billion
2023-Q3$245 billion
2023-Q2$198 billion
2023-Q1$211 billion
2022-Q4$227 billion
2022-Q3$233 billion
2022-Q2$258 billion
2022-Q1$207 billion
2021-Q4$182 billion
2021-Q3$162 billion
2021-Q2$140 billion
2021-Q1$107 billion
2020-Q4$57.5 billion
2020-Q3$53.8 billion
2020-Q2$30.6 billion
2020-Q1$104 billion
2019-Q4$143 billion
2019-Q3$141 billion
2019-Q2$149 billion
2019-Q1$140 billion
2018-Q4$170 billion
2018-Q3$157 billion
2018-Q2$149 billion
2018-Q1$141 billion
2017-Q4$134 billion
2017-Q3$112 billion
2017-Q2$101 billion
2017-Q1$94.8 billion
2016-Q4$76.6 billion
2016-Q3$72.9 billion
2016-Q2$76.3 billion
2016-Q1$78.4 billion
2015-Q4$107 billion
2015-Q3$137 billion
2015-Q2$144 billion
2015-Q1$138 billion
2014-Q4$142 billion
2014-Q3$152 billion
2014-Q2$151 billion
2014-Q1$147 billion
2013-Q4$160 billion
2013-Q3$138 billion
2013-Q2$132 billion
2013-Q1$157 billion
2012-Q4$152 billion
2012-Q3$156 billion
2012-Q2$159 billion
2012-Q1$169 billion
2011-Q4$155 billion
2011-Q3$171 billion
2011-Q2$165 billion
2011-Q1$145 billion
2010-Q4$134 billion
2010-Q3$120 billion
2010-Q2$118 billion
2010-Q1$124 billion
2009-Q4$131 billion
2009-Q3$117 billion
2009-Q2$97.8 billion
2009-Q1$97.3 billion
2008-Q4$117 billion
2008-Q3$169 billion
2008-Q2$164 billion
2008-Q1$169 billion
2007-Q4$172 billion
2007-Q3$148 billion
2007-Q2$163 billion
2007-Q1$137 billion
2006-Q4$129 billion
2006-Q3$142 billion
2006-Q2$146 billion
2006-Q1$144 billion
2005-Q4$149 billion
2005-Q3$149 billion
2005-Q2$132 billion
2005-Q1$134 billion

Source: U.S. Bureau of Economic Analysis, GDP by Industry · Current dollars · Agency label: Petroleum and coal products

Employment · Quarterly Census of Employment and WagesLatest 106,790 · 2026-Q1
2019-Q1: 111,6272019-Q2: 114,8882019-Q3: 113,7482019-Q4: 111,8532020-Q1: 109,4662020-Q2: 110,4512020-Q3: 109,7962020-Q4: 106,4032021-Q1: 103,2522021-Q2: 105,4052021-Q3: 104,4682021-Q4: 103,1022022-Q1: 102,3822022-Q2: 105,6412022-Q3: 106,1322022-Q4: 104,6132023-Q1: 104,7292023-Q2: 109,3692023-Q3: 109,5022023-Q4: 107,9582024-Q1: 108,6152024-Q2: 112,5102024-Q3: 111,8812024-Q4: 109,4222025-Q1: 109,1182025-Q2: 111,6342025-Q3: 109,5312025-Q4: 106,6772026-Q1: 106,790NAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q1106,7902022
2025-Q4106,6772022
2025-Q3109,5312022
2025-Q2111,6342022
2025-Q1109,1182022
2024-Q4109,4222022
2024-Q3111,8812022
2024-Q2112,5102022
2024-Q1108,6152022
2023-Q4107,9582022
2023-Q3109,5022022
2023-Q2109,3692022
2023-Q1104,7292022
2022-Q4104,6132022
2022-Q3106,1322022
2022-Q2105,6412022
2022-Q1102,3822022
2021-Q4103,1022017
2021-Q3104,4682017
2021-Q2105,4052017
2021-Q1103,2522017
2020-Q4106,4032017
2020-Q3109,7962017
2020-Q2110,4512017
2020-Q1109,4662017
2019-Q4111,8532017
2019-Q3113,7482017
2019-Q2114,8882017
2019-Q1111,6272017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private-sector jobs in the third month of each quarter

Employment · County Business PatternsLatest 100,856 · 2023
2017: 105,7302018: 107,0402019: 107,5092020: 111,7642021: 100,1492022: 100,6142023: 100,856
Show the numbers
PeriodValue
2023100,856
2022100,614
2021100,149
2020111,764
2019107,509
2018107,040
2017105,730

Source: U.S. Census Bureau, County Business Patterns · Paid employees in the pay period including March 12

Establishments · Quarterly Census of Employment and WagesLatest 2,729 · 2026-Q1
2019-Q1: 2,3222019-Q2: 2,3302019-Q3: 2,3372019-Q4: 2,3452020-Q1: 2,3332020-Q2: 2,3262020-Q3: 2,3412020-Q4: 2,3522021-Q1: 2,3492021-Q2: 2,3862021-Q3: 2,4012021-Q4: 2,4052022-Q1: 2,4192022-Q2: 2,4372022-Q3: 2,4582022-Q4: 2,4672023-Q1: 2,4882023-Q2: 2,5162023-Q3: 2,5372023-Q4: 2,5442024-Q1: 2,5552024-Q2: 2,5932024-Q3: 2,5892024-Q4: 2,6202025-Q1: 2,6722025-Q2: 2,6732025-Q3: 2,6902025-Q4: 2,7132026-Q1: 2,729NAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q12,7292022
2025-Q42,7132022
2025-Q32,6902022
2025-Q22,6732022
2025-Q12,6722022
2024-Q42,6202022
2024-Q32,5892022
2024-Q22,5932022
2024-Q12,5552022
2023-Q42,5442022
2023-Q32,5372022
2023-Q22,5162022
2023-Q12,4882022
2022-Q42,4672022
2022-Q32,4582022
2022-Q22,4372022
2022-Q12,4192022
2021-Q42,4052017
2021-Q32,4012017
2021-Q22,3862017
2021-Q12,3492017
2020-Q42,3522017
2020-Q32,3412017
2020-Q22,3262017
2020-Q12,3332017
2019-Q42,3452017
2019-Q32,3372017
2019-Q22,3302017
2019-Q12,3222017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership

Establishments · County Business PatternsLatest 2,073 · 2023
2017: 2,1352018: 2,1062019: 2,1082020: 2,1332021: 2,0972022: 2,1112023: 2,073
Show the numbers
PeriodValue
20232,073
20222,111
20212,097
20202,133
20192,108
20182,106
20172,135

Source: U.S. Census Bureau, County Business Patterns

Total wages in the quarter · Quarterly Census of Employment and WagesLatest $4.7 billion · 2026-Q1
2019-Q1: $4.0 billion2019-Q2: $3.3 billion2019-Q3: $3.1 billion2019-Q4: $3.4 billion2020-Q1: $3.8 billion2020-Q2: $3.1 billion2020-Q3: $3.0 billion2020-Q4: $3.4 billion2021-Q1: $3.5 billion2021-Q2: $2.9 billion2021-Q3: $3.0 billion2021-Q4: $3.3 billion2022-Q1: $3.8 billion2022-Q2: $3.3 billion2022-Q3: $3.2 billion2022-Q4: $3.5 billion2023-Q1: $4.5 billion2023-Q2: $3.3 billion2023-Q3: $3.3 billion2023-Q4: $3.7 billion2024-Q1: $4.7 billion2024-Q2: $3.6 billion2024-Q3: $3.4 billion2024-Q4: $3.9 billion2025-Q1: $4.5 billion2025-Q2: $3.8 billion2025-Q3: $3.5 billion2025-Q4: $3.9 billion2026-Q1: $4.7 billionNAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q1$4.7 billion2022
2025-Q4$3.9 billion2022
2025-Q3$3.5 billion2022
2025-Q2$3.8 billion2022
2025-Q1$4.5 billion2022
2024-Q4$3.9 billion2022
2024-Q3$3.4 billion2022
2024-Q2$3.6 billion2022
2024-Q1$4.7 billion2022
2023-Q4$3.7 billion2022
2023-Q3$3.3 billion2022
2023-Q2$3.3 billion2022
2023-Q1$4.5 billion2022
2022-Q4$3.5 billion2022
2022-Q3$3.2 billion2022
2022-Q2$3.3 billion2022
2022-Q1$3.8 billion2022
2021-Q4$3.3 billion2017
2021-Q3$3.0 billion2017
2021-Q2$2.9 billion2017
2021-Q1$3.5 billion2017
2020-Q4$3.4 billion2017
2020-Q3$3.0 billion2017
2020-Q2$3.1 billion2017
2020-Q1$3.8 billion2017
2019-Q4$3.4 billion2017
2019-Q3$3.1 billion2017
2019-Q2$3.3 billion2017
2019-Q1$4.0 billion2017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership

Annual payroll · County Business PatternsLatest $12.9 billion · 2023
2017: $10.9 billion2018: $11.3 billion2019: $11.5 billion2020: $11.8 billion2021: $11.5 billion2022: $12.5 billion2023: $12.9 billion
Show the numbers
PeriodValue
2023$12.9 billion
2022$12.5 billion
2021$11.5 billion
2020$11.8 billion
2019$11.5 billion
2018$11.3 billion
2017$10.9 billion

Source: U.S. Census Bureau, County Business Patterns

The ledger

Every published measure

MeasureSourceLatestPeriodHistory
Value added (GDP by industry)Current dollarsGDP by Industry$161 billion20251997–2025 · 29 published
Value added, seasonally adjusted annual rateCurrent dollarsGDP by Industry$167 billion2026-Q12005-Q1–2026-Q1 · 85 published
EmploymentPrivate-sector jobs in the third month of each quarterQuarterly Census of Employment and Wages106,7902026-Q12019-Q1–2026-Q1 · 29 published
EstablishmentsPrivate ownershipQuarterly Census of Employment and Wages2,7292026-Q12019-Q1–2026-Q1 · 29 published
Total wages in the quarterPrivate ownershipQuarterly Census of Employment and Wages$4.7 billion2026-Q12019-Q1–2026-Q1 · 29 published
Annual payrollCounty Business Patterns$12.9 billion20232017–2023 · 7 published
EmploymentPaid employees in the pay period including March 12County Business Patterns100,85620232017–2023 · 7 published
EstablishmentsCounty Business Patterns2,07320232017–2023 · 7 published
Annual payrollEconomic Census$12.4 billion20222017–2022 · 2 published
EmploymentPaid employees in the pay period including March 12Economic Census99,06820222017–2022 · 2 published
EstablishmentsEconomic Census1,99520222017–2022 · 2 published
FirmsEconomic Census79020222017–2022 · 2 published
Receipts (sales, shipments or revenue)All establishments, current dollarsEconomic Census$883 billion20222017–2022 · 2 published

Breakdown

Industries within Petroleum and Coal Products Manufacturing

NAICSIndustrySizeEmployment
3241Petroleum and Coal Products Manufacturing$883 billionReceipts · 2022 · Economic Census106,7902026-Q1 · QCEW

Companies

Public companies in this industry

Companies Palanor tracks whose GICS classification maps to NAICS 324. The mapping is Palanor’s, one GICS sub-industry to one NAICS code; a company’s own mix of business can span several.

  • DINO HF Sinclair
  • MPC Marathon Petroleum
  • PSX Phillips 66
  • VLO Valero Energy

Sources

Where every number comes from

Figures are in current dollars and are the agencies’ own, revised when they revise. Each program defines its universe differently (employer firms, private ownership, all establishments), so figures from different sources are not meant to add up. This page is not endorsed by the Census Bureau, BEA or BLS. The same data is in the Palanor API (/v1/industries) and the MCP (palanor_get_industry). All industries.