Lucintel’s Analysis of Top Five Global Oil and Gas Refining and Marketing Companies: Market to Reach US $7,783 Billion by 2017
Lucintel´s Analysis of Top Five Global Oil and Gas Refining and Marketing Companies: Market to Reach US $7,783 Billion by 2017
Irving, Texas (PRWEB) January 21, 2013
The global oil and gas refining and marketing industry reached an estimated US $5,027 billion in 2011. The market is forecast to reach an estimated US $7,783 billion in 2017 with a CAGR of 6.7% during 2012-2017. Asia Pacific (APAC), followed by the Rest of the World (ROW), dominates the industry, and with continuous improvement in the economy, there is good future growth potential as well.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the top five global oil and gas refining and marketing companies and presents its findings in “Top Five Global Oil and Gas Refining and Marketing Companies: Performance, Strategies, and Competitive Analysis.” This report presents a comparative analysis (benchmarking) of the subject companies, their geographic footprints, financial metrics, market performance, marketing and corporate strategies, and SWOT analysis
As per Lucintel´s study, these companies are faced with certain challenges such as increasing use of alternative sources of energy and stringent environmental standards and compliance costs that affect the operating margins of the companies. Despite the weakening economic performance of the European region and decline in its oil consumption in the fourth quarter of 2011, the oil and gas refining and marketing sector grew in 2011.
Rise in living standards, growing population, and emerging economies are the major drivers that are increasing the demand for petroleum products in the APAC region. India and China are seen as the largest potential market opportunities. In order to satiate these demanding markets and to expand their business, companies have often established strategic partnerships with domestic concerns.
In this study, Lucintel thoroughly profiles the following five companies with detailed competitive assessments:
- China Petroleum and Chemical Corporation
- Exxon Mobil Corporation
- PetroChina Company Limited
- Royal Dutch Shell
The data and analysis found in this energy market research report can be utilized for a variety of functional business reasons, including business development, strategic planning, determination of market size and trends, competitive analysis, investment decisions, and joint product development.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel offerings include SWOT Analysis, target screening and merger & acquisition consulting. To learn more, visit http://www.lucintel.com
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