Shale Oil Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Shale Oil Market Production and the market is segmented by Geography (North America, South America, Europe, Asia-Pacific, and Middle-East and Africa).

Shale Oil Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Shale Oil Market Size

Shale Oil Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.00 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Low

Major Players

Shale Oil Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Shale Oil Market Analysis

The Shale Oil Market is expected to register a CAGR of greater than 5% during the forecast period.

The market was seriously impacted by the Covid-19 pandemic, as fracking crews had to halt operations due to tanking global oil prices.

  • Factors such as an increase in consumption of petrochemicals and rising growth in the petrochemical-dependent industries which use plastics and polymers are expected to drive the market. 
  • On the flip side, environmental concerns about fracking practices is expected to restrain the market during the forecast period.
  • New development in the shale oil production technology, like the advancements in horizontal drilling technology, is expected to make the shale oil reservoirs more viable and may provide an opportunity for market players.

Shale Oil Industry Overview

The shale oil market is fragmented. Some of the key players in this market, in no particular order, are Exxon Mobil Corporation, Chevron Corp., Royal Dutch Shell PLC, Marathon Oil Corporation, and Occidental Petroleum Corporation., among others.

Shale Oil Market Leaders

  1. Chevron Corp.

  2. Royal Dutch Shell plc

  3. Marathon Oil Corporation

  4. Occidental Petroleum Corporation

  5. Exxon Mobil Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Shale Oil Market Concentration
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Shale Oil Market News

  • In July 2022, Oilex and Schlumberger won a contract for the supply by Schlumberger of hydraulic fracturing services, coiled tubing and nitrogen services, and perforation services for the planned re-frac of the Cambay C-77H well in Gujarat, India.
  • In April 2022, CNX Resources Corporation (NYSE: CNX) and Evolution Well Services announced a four-year extension to the previous contract. Since 2019, Evolution has provided its industry-leading electric fracturing technology to CNX. The technology is a 100% electric, natural gas-fueled, gas turbine-powered fracturing fleet for strategic basin development.

Shale Oil Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Shale Oil Production and Forecast, in million barrels per day, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Geography
    • 5.1.1 North America
    • 5.1.2 South America
    • 5.1.3 Europe
    • 5.1.4 Asia-Pacific
    • 5.1.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Exxon Mobil Corporation
    • 6.3.2 Chevron Corporation
    • 6.3.3 ConocoPhillips Company
    • 6.3.4 Royal Dutch Shell PLC
    • 6.3.5 Continental Resources Inc.
    • 6.3.6 Murphy Oil Corporation
    • 6.3.7 Occidental Petroleum Corporation
    • 6.3.8 Marathon Oil Corporation
    • 6.3.9 Schlumberger Limited
    • 6.3.10 Halliburton Company
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Shale Oil Industry Segmentation

Shale oil refers to hydrocarbons that are trapped in shale rock that require fracking to extract it. Shale oil extraction is a much more capital-intensive process than traditional oil drilling and extraction. The shale oil market report is segmented by Geography into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. For each segment, the market sizing and forecasts have been done based on production capacity (million barrels/day).

Geography North America
South America
Europe
Asia-Pacific
Middle-East and Africa
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Shale Oil Market Research FAQs

What is the current Shale Oil Market size?

The Shale Oil Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Shale Oil Market?

Chevron Corp., Royal Dutch Shell plc, Marathon Oil Corporation, Occidental Petroleum Corporation and Exxon Mobil Corporation are the major companies operating in the Shale Oil Market.

Which is the fastest growing region in Shale Oil Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Shale Oil Market?

In 2025, the North America accounts for the largest market share in Shale Oil Market.

What years does this Shale Oil Market cover?

The report covers the Shale Oil Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Shale Oil Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Shale Oil Industry Report

Statistics for the 2025 Shale Oil market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Shale Oil analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.