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

Proof: EIA reports that in 2025 publicly traded companies were 2% of about 12,000 oil and gas producers but produced 68% of Lower 48 output.

Key number: 2% and 68%

Impact: The cited source does not establish a quantified financial transmission for EIA.

Watch next: Check EIA Today in Energy for future data on production shares among publicly traded companies.