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US Energy Information AdministrationUnited States22 September 2026

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

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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.
— US Energy Information Administration

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