API's Energy Insights Hub provides updated statistics, data visualizations, timely analysis, and in-depth reports on all aspects of the oil and natural gas industry.
API’s Global Industry Services drives safety and efficiency within the oil and gas industry through standards, certifications, assessments, training and more.
America’s energy leadership is built on access—the ability to explore, develop and produce the resources that power our economy, strengthen national security, and support millions of U.S. jobs. From onshore shale formations to offshore deepwater fields, responsible development of our nation’s oil and natural gas resources drives innovation, investment, and opportunity in every corner of the country.
U.S. oil and natural gas play a vital role in global energy markets, supporting economic growth, energy security, and geopolitical stability. By participating in international energy trade, the U.S. strengthens alliances, promotes competitive markets, and helps ensure reliable energy supplies worldwide. Exports of oil, natural gas, and refined products also support millions of American jobs and generate significant economic activity at home.
Liquid fuels power daily life. Cars, trucks, planes, trains, and ships rely on gasoline, diesel, jet fuel, and other petroleum products—driving economic growth and connecting communities. The U.S. has one of the world’s largest and most advanced refining fleets, supporting millions of jobs, local economies, and significant tax revenues. Modern technologies increase efficiency, reduce environmental impacts, and produce cleaner fuels that meet evolving standards.
Oil and natural gas supply the majority of the energy Americans depend on every day and delivering that energy safely and reliably requires a vast network of infrastructure. Pipelines, railroads, highways, waterways, and ports move energy from production regions to homes, businesses, and industries nationwide, supporting both energy security and economic growth.
The U.S. oil and natural gas industry is a cornerstone of the American economy—supporting nearly 11 million jobs, contributing almost $2.1 trillion annually to GDP, and generating billions in tax revenues at the federal, state, and local levels. These revenues fund essential public services, from schools and roads to conservation programs that protect our natural resources. Importantly, the industry does not receive preferential or favorable treatment under the tax code; it operates under similar rules that apply broadly to U.S. businesses, while shouldering some of the largest absolute tax contributions of any sector.
API and its members are committed to delivering solutions that address the risks associated with climate change while meeting society’s growing energy needs. Over the past two decades, EPA data show that increasing U.S. oil and natural gas production has coincided with measurable declines in carbon emissions and other pollutants. U.S. leadership demonstrates how innovation, markets, and smart policy can drive meaningful environmental progress, including the shift from coal to natural gas in the power sector.
Global energy markets are highly integrated, and free and fair trade across our borders is critical for delivering affordable, reliable energy to U.S. consumers and our allies abroad. API advocates for policies promote free and fair trade, helping U.S. energy producers compete globally while meeting rising demand at home and abroad.
