Oil and Gas Extraction
Subsector (211)
2024-Q4: $1.13T MX, Gross Domestic Product
DENUE November 2024: 85, Economic units
Jan-Dec 2024: US$611M, Foreign Direct Investment
In the fourth quarter of 2024 the gross domestic product was $1.13T MX, 2.4% more than the previous quarter.
According DENUE 2024, Oil and Gas Extraction registered 85 economic units. The states with the highest number of economic units were Tabasco (22), Veracruz de Ignacio de la Llave (20), and Tamaulipas (14).
According to data from the Economic Census 2019, total gross production was $846B MX. The states with the highest total gross production were Campeche ($522B MX) and Tabasco ($268B MX).
For its part, total income reached $950B MX in 2019, being the states with the highest income Campeche ($587B MX) and Tabasco ($296B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Oil and Gas Extraction the states with the highest affinity were Campeche (0.67), Sonora (0.67), Chihuahua (0.59), Sinaloa (0.59), and Colima (0.58).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q4: $1.13T MX
Gross Domestic Product 2024: $1.08T MX
* Data displayed corresponds to the sector Mining, Quarrying, and Oil and Gas Extraction since the information at lower levels of disaggregation is not available.
In the fourth quarter of 2024, Mining, Quarrying, and Oil and Gas Extraction recorded a gross domestic product of $1.13T MX, evidencing an increase of 2.4% compared to the previous quarter and a drop of 0.36% compared to the same period of the previous year.
* Current values, at current prices, base year 2013. Excludes taxes on products.
Production Indicators by State
#permalink to sectionAccording to data from the Economic Census 2019, 26 economic units were totaled in Oil and Gas Extraction, highlighting Tabasco (9), Campeche (5), and Veracruz de Ignacio de la Llave (5).
Total gross production was $846B MX. The states with the highest total gross production were Campeche ($522B MX) and Tabasco ($268B MX).
Total income reached $950B MX in 2019, being the states with the highest income Campeche ($587B MX) and Tabasco ($296B MX).
* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.
Production Indicators by Municipality
#permalink to sectionAccording to dato from Economic Census 2014, Oil and Gas Extraction had a total of 42 economic units and the municipalities with the highest number of economic units were Centro (33) and Reynosa (9)
Total expenditures were $35.7B MX and the municipalities with the highest expenditures were Centro ($27B MX) and Reynosa ($8.69B MX).
On the other hand, in 2014 there were 26532 employees dependent on economic units and the municipalities with the highest number of employees were Centro (18.5k) and Reynosa (8.02k).
* Any inconsistency between the data at the state and municipal level is due to the anonymization methodologies applied to the data, also municipalities not shown in the visualization have been anonymized.
Economic Units
#permalink to sectionThe visualization shows the number of economic units in Oil and Gas Extraction according to the number of employees.
According to DENUE data published in November 2024, 42 companies with 0 to 10 employees were registered (11 companies less than the previous period). In the same period, 11 companies with 11 to 50 employees were registered (8 companies less than the previous period).
7 companies with 51 to 100 employees were registered in 2024 (3 companies less than the previous period). Likewise, 25 companies with more than 101 employees were registered (4 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- US$611M, FDI Jan-Dec 2024
- US$9.34B, FDI Jan-1999 to Dec-2024
In the period January to December 2024, FDI from Oil and Gas Extraction was US$611M, distributed in inter-company debts (US$431M), reinvestment of earnings (US$179M), and equity Capital (US$0).
Since January 1999 to December 2024, the accumulated amount of FDI in Oil and Gas Extraction was US$9.34B, distributed in equity Capital (US$4.94B), inter-company debts (US$2.59B), and reinvestment of earnings (US$1.8B).
* Confidential data is not shown in the chart (see information icon in the section).
Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Dec 2024: US$0
Period Jan-1999 to Dec-2024: US$2.13B, Mexico City is the main receiving state
No FDI is recorded in the period January to December, 2024
Historically (from January 1999 to December2024) the states that have received the highest FDI are Mexico City (US$2.13B), Tamaulipas (US$1.84B), and Tabasco (US$1.83B).
* Information download does not contain confidential data.
Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Dec 2024: ---, US$0
Main investing country between Jan-1999 and Dec-2024: United States, US$4B
No FDI is recorded in the period January to December of 2024.
Historically (from January 1999 to December de 2024) the countries that contributed the most to FDI were United States (US$498M), Spain (US$37.6M), and United Kingdom (US$36.3M).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionThe states with the highest degree of development opportunity in Oil and Gas Extraction according to Relatedness were Sonora (0.67), Chihuahua (0.59), and Sinaloa (0.59). The Relatedness measures the distance between an industry and the current industrial composition in each state. The presented entities register a level of specialization lower than one unit (RCA <1).
Financing
#permalink to sectionAccess to Financing
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units according to size that had access to financing was 0% units with 11 to 50 people, 0% units with 51 to 250 people, and 0% units with 251 and more people.
According to the age of the economic units, the distribution of those that obtained financing was 0% of the youth (3 to 5 years) units.
The states with the highest percentage of economic units that received financing were Campeche (0%), Chiapas (0%), Ciudad de México (0%), Tabasco (0%), and Tamaulipas (0%).
Sources and Uses of Financing
#permalink to sectionThe visualization shows the percentage of economic units according to size or age according to the sources of financing or the uses they gave to the financing received.
In the chart, each level corresponds to a size or age of the company depending on the option selected in the upper button. The darker the box, the higher the percentage of economic units that are in that category.
Access to Bank Account and Credit
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units that had a bank account was 100% units with 11 to 50 people, 100% units with 51 to 250 people, and 100% units with 251 and more people.
The states with the highest percentage of economic units that had a bank account were Campeche (100%), Chiapas (100%), Ciudad de México (100%), Tabasco (100%), and Tamaulipas (100%).
The same information can be viewed for the economic units that had bank credit by changing the option selected in the upper button.
Reasons for not Having Credit or Bank Account
#permalink to sectionThe visualization shows the percentage of economic units classified by size according to reasons for not having a bank account or credit.
In the chart, each level corresponds to a company size, the darker the box, the greater the percentage of economic units that are in that category. The categories represent the reasons why the companies did not have a bank account or credit, depending on the option selected in the upper button.
Information Technologies
#permalink to sectionInternet Usage by State
#permalink to sectionThe visualization shows the percentage distribution of the economic units in the Oil and Gas Extraction subsector that had internet services.
According to data from the Economic Census 2019, the states with the highest percentage of economic units that had internet services were Campeche (100%), Chiapas (100%), Ciudad de México (100%), Tabasco (100%), and Tamaulipas (100%).
Availability of Internet Service and Computing
#permalink to sectionThe visualization shows the distribution of companies that had internet services or computer services according to the size or age of the economic units, depending on the options selected in the upper buttons.
According to data from the Economic Census 2019, the Oil and Gas Extraction subsector had 100% of economic units that had internet services and 100% of economic units that had computer services. The disaggregation by size or age of the units can be analyzed in the visualization.
Internet Use in Companies
#permalink to sectionThe visualization shows where the economic units are concentrated depending on the use they make of the internet, according to the size or age of the company.
According to the size of the company, the economic units of 51 to 250 people that use the internet in business management (100%) stand out in percentage terms.
According to the age of the company, youth (3 to 5 years) economic units that use the internet for business management (96.2%) stand out.
Business Management
#permalink to sectionInternet Purchases and Sales
#permalink to sectionThe visualization shows the distribution of purchases and sales over the Internet and the distribution of monetary transactions according to the medium used in the transaction and the size of the companies.
According to data from the 2019 Economic Census, internet sales reached $0 MX and purchases were $0 MX. On the other hand, sales made in monetary transactions were $0 MX and purchases reached $0 MX.
Problems faced by economic units
#permalink to sectionThe chart shows the main problems faced by economic units. With the upper selector it is possible to analyze the problems affecting companies according to their size. By default, the problems of economic units with up to 10 people are shown.
According to data from the Economic Census 2019, the main problems faced by the economic units of Oil and Gas Extraction with up to 10 workers are another problems (58%), public insecurity (21%), excess government procedures to operate (16.7%), and low demand for goods or services (4.35%).
Accounting System
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units that had an accounting system was 100% units with 11 to 50 people, 100% units with 51 to 250 people, and 73.9% units with 251 and more people.
The states with the highest percentage of economic units that had an accounting system were Chiapas (100%), Ciudad de México (100%), Tamaulipas (100%), Veracruz de Ignacio de la Llave (80%), and Tabasco (77.8%).
Expenditure and Income Control Mechanisms
#permalink to sectionThe chart shows the percentage of companies by size that used different mechanisms to control expenses and income in their operations.
According to data from the Economic Census 2019, the main expenses and income control mechanisms were internally developed accounting system (50%) in companies with 11 to 50 people, internally developed accounting system (100%) in companies with 51 to 250 people, and accounting system developed by third parties (88.2%) in companies with 251 and more people.
Monetary Transactions
#permalink to sectionThe visualization shows the percentage distribution of the economic units in the Oil and Gas Extraction subsector according to the amount of income from the supply of goods and services.
According to data from the Economic Census 2019, the states with the highest income from the supply of goods and services were list Campeche ($528B MX),Tabasco ($268B MX),Veracruz de Ignacio de la Llave ($60.5B MX),Ciudad de México ($0 MX),Chiapas ($0 MX).
With the upper selector it is possible to see the distribution of expenses for consumption of goods and services, in addition to the amounts of purchases or sales over the internet.