Average annual net income from the oil and gas industry worldwide in 2022, with a forecast for 2030, by select country and scenario
(in billion U.S. dollars)
Characteristic
Saudi Arabia
Qatar
Iraq
United Arab Emirates
Algeria
Iran
Oman
Nigeria
Angola
Venezuela
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STEPS: Stated Policies Scenario
APS: Announced Pledges Scenario
NZE: Net Zero Emissions by 2050 Scenario
More information about the IEA's scenarios can be found .
Citation formats
Global oil and gas industry-related net income 2022-2030, by country and scenario
The average annual net income from the oil and gas industry worldwide is projected to decrease in the coming years. For instance, Saudi Arabia's oil and gas industry generated a net income of *** billion U.S. dollars in 2022, but this figure is expected to decline by some ** percent under a stated policies (STEP) scenario, and up to ** percent under a net-zero (NZE) scenario. The STEP scenario is based on current policies both already in place and under development while the NZE scenario assumes that the global energy sector will achieve net zero COâ‚‚ emissions by 2050. Saudi Arabia is currently the second-largest crude oil producer worldwide, only behind the United States.
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IEA. (November 22, 2023). Average annual net income from the oil and gas industry worldwide in 2022, with a forecast for 2030, by select country and scenario (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 05, 2026, from /statistics/1451650/projected-oil-and-gas-industry-net-income-worldwide-by-country-scenario/
IEA. "Average annual net income from the oil and gas industry worldwide in 2022, with a forecast for 2030, by select country and scenario (in billion U.S. dollars)." Chart. November 22, 2023. ÌÇÐÄÆƽâ°æ. Accessed August 05, 2026. /statistics/1451650/projected-oil-and-gas-industry-net-income-worldwide-by-country-scenario/
IEA. (2023). Average annual net income from the oil and gas industry worldwide in 2022, with a forecast for 2030, by select country and scenario (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 05, 2026. /statistics/1451650/projected-oil-and-gas-industry-net-income-worldwide-by-country-scenario/
IEA. "Average Annual Net Income from The Oil and Gas Industry Worldwide in 2022, with a Forecast for 2030, by Select Country and Scenario (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 22 Nov 2023, /statistics/1451650/projected-oil-and-gas-industry-net-income-worldwide-by-country-scenario/
IEA, Average annual net income from the oil and gas industry worldwide in 2022, with a forecast for 2030, by select country and scenario (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1451650/projected-oil-and-gas-industry-net-income-worldwide-by-country-scenario/ (last visited August 05, 2026)
Average annual net income from the oil and gas industry worldwide in 2022, with a forecast for 2030, by select country and scenario (in billion U.S. dollars) [Graph], IEA, November 22, 2023. [Online]. Available: /statistics/1451650/projected-oil-and-gas-industry-net-income-worldwide-by-country-scenario/
