****** AN UPDATED ARTICLE ON THE OIL & GAS SEGMENT IS POSTED HERE  **************

 

There is a lot of discussion currently about the price of oil continuing to drop and staying low for a while. To get a sense of market and key players, we decided to look at the revenue trend line over the past few years for the big industry players.  In The Global 5000 database, there are 264 companies in the Oil & Gas industry with a combined revenue of nearly $8 trillion (that’s trillion with a T).

The revenue growth trend has been interesting over the past few years:

  • In 2010, revenue increased 25.8%
  • 2011 is was up another 26.8%
  • 2012 it slowed to 2.5%
  • 2013 stayed slow at 1.4%

And now the industry is talking about low prices and continued slow growth.  For any sales/marketing organizations selling to the oil & gas sector — might have to adjust your goals and targets.