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Posted September 22, 2026

Public companies produce most U.S. crude oil and natural gas ›

Lower 48 crude oil and natural gas producers and production (2025)

Data source: Enverus
Note: Crude oil and natural gas production in barrels of oil equivalent

Publicly traded companies represent a tiny share of the total number of companies producing crude oil and natural gas in the United States, but they make up a large share of U.S. production. In 2025, publicly traded companies accounted for just 2% of about 12,000 oil and natural gas producers but produced 68% of the crude oil and natural gas in the Lower 48 states.

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