Summary
Oil & Gas in Philippines industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oil & gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas in each country in a specific year. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
- The Filipino oil & gas market recorded revenues of $29.9 billion in 2024, representing a compound annual growth rate (CAGR) of 5.7% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 2.7% between 2019 and 2024, reaching a total of 218.2 million BoE in 2024.
- The Filipino oil & gas market consumption volume grew by 4.7% in 2024, driven by rising industrial demand. The expansion of industrial activities across manufacturing, construction, and mining sectors has significantly boosted the need for fuel and energy. According to GlobalData, in 2024, the Nominal Gross Value Added (GVA) in the Philippines' industry reached $130.5 billion, reflecting a 6.1% increase from the previous year, driven by higher production requirements.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Philippines
- Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines oil & gas market with five year forecasts
Reasons to Buy
- What was the size of the Philippines oil & gas market by value in 2024?
- What will be the size of the Philippines oil & gas market in 2029?
- What factors are affecting the strength of competition in the Philippines oil & gas market?
- How has the market performed over the last five years?
- Who are the top competitors in Philippines's oil & gas market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. Petron Corp
8.2. PNOC Exploration Corp
8.3. Shell plc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Philippines oil & gas market value: $ million, 2019-24
Table 2: Philippines oil & gas market volume: million BoE, 2019-24
Table 3: Philippines oil & gas market category segmentation: % share, by value, 2019-24
Table 4: Philippines oil & gas market category segmentation: $ million, 2019-24
Table 5: Philippines oil & gas market geography segmentation: $ million, 2024
Table 6: Philippines oil & gas market value forecast: $ million, 2024-29
Table 7: Philippines oil & gas market volume forecast: million BoE, 2024-29
Table 8: Petron Corp: Key Facts
Table 9: Petron Corp: Annual Financial Ratios
Table 10: Petron Corp: Key Employees
Table 11: PNOC Exploration Corp: Key Facts
Table 12: PNOC Exploration Corp: Key Employees
Table 13: Shell plc: Key Facts
Table 14: Shell plc: Annual Financial Ratios
Table 15: Shell plc: Key Employees
Table 16: Philippines Size of Population (Million), 2020-24
Table 17: Philippines Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 18: Philippines GDP (Current Prices, $ Billion), 2020-24
Table 19: Philippines Inflation, 2020-24
Table 20: Philippines Consumer Price Index (Absolute), 2020-24
Table 21: Philippines Exchange Rate, 2019-24
List of Figures
Figure 1: Philippines oil & gas market value: $ million, 2019-24
Figure 2: Philippines oil & gas market volume: million BoE, 2019-24
Figure 3: Philippines oil & gas market category segmentation: $ million, 2019-24
Figure 4: Philippines oil & gas market geography segmentation: % share, by value, 2024
Figure 5: Philippines oil & gas market value forecast: $ million, 2024-29
Figure 6: Philippines oil & gas market volume forecast: million BoE, 2024-29
Figure 7: Forces driving competition in the oil & gas market in Philippines, 2024
Figure 8: Drivers of buyer power in the oil & gas market in Philippines, 2024
Figure 9: Drivers of supplier power in the oil & gas market in Philippines, 2024
Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in Philippines, 2024
Figure 11: Factors influencing the threat of substitutes in the oil & gas market in Philippines, 2024
Figure 12: Drivers of degree of rivalry in the oil & gas market in Philippines, 2024
