Petroleum Refining

Industry Description

This industry comprises establishments primarily engaged in refining crude petroleum into refined petroleum. Petroleum refining involves one or more of the following activities: (1) fractionation; (2) straight distillation of crude oil; and (3) cracking.

Benchmark Data

+$5 Million Net Sales

  • MVIC/Net Sales: 0.32
  • MVIC/Gross Profit: 2.82
  • MVIC/SDE: N/A
  • MVIC/EBITDA: 11.77

Statistics (Petroleum Refining)

  • Number of Establishments: 210
  • Average Profit Margin: 1.8%
  • Revenue per Employee: $5,806
  • Average Number of Employees: 457
  • Average Wages per Employee: $139,085

Locations