Crude Petroleum Extraction Revenue Benchmarks

How much does the average crude petroleum extraction business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$17.5M

per year

💰

Profit Margin

15.0%

industry average

📈

Revenue / Employee

$1.0M

per year

👤

Total Businesses

3,538

in the US

🏢

Est. Owner Income

$2.6M

small business avg

💵

Labor Cost

15.0%

of revenue

👥

Avg Employee Wage

$222K

per year (BLS)

💼

Market Saturation

1.1

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$817K
5-9 employees
$3.3M
10-19 employees
$8.3M
20-99 employees
$31.4M
100-499 employees
$166.3M
500+ employees
$683.4M

🏆 Highest Revenue States

1.Alaska$231.3M avg2.California$43.6M avg3.North Dakota$38.8M avg4.New Mexico$27.8M avg5.Texas$24.8M avg6.Colorado$21.2M avg7.Utah$17.1M avg8.Louisiana$12.9M avg9.Pennsylvania$11.9M avg10.Mississippi$9.4M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

8.94%

openings/year

Closure Rate

8.68%

closings/year

Net Job Growth

+4.81%

annual

Businesses Closed

275

in 2023

Firm Count Trend

19
20
21
22
23
4,362 firms3,695 firms

💡 Should You Start a Crude Petroleum Extraction Business?

Startup Cost

$50K – $250K

Break-Even

1 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Support Activities for Oil and Gas Operations$13.7MDrilling Oil and Gas Wells$19.8MConstruction Sand and Gravel Mining$7.7MNatural Gas Extraction$29.9MCrushed and Broken Limestone Mining and Quarrying$23.1M

Compare Crude Petroleum Extraction revenue with other industries:

vs Supportvs Drillingvs Construction