5 Most Profitable Industries in the US in 2024

3. Oil/Gas (Production and Exploration)

Industry Net Margin (2024): 28.26%

The oil and gas production and exploration industry ranks third on our list of the most profitable industries in the United States with an industry net margin of 28.26%. Exxon Mobil Corporation (NYSE:XOM), with a market capitalization of $525.01 billion, as of August 16, is one of the biggest oil and gas exploration companies in the United States. Exxon (NYSE:XOM) operates through a variety of segments, of which, its upstream segment deals with the exploration and production of crude oil and natural gas. Exxon Mobil Corporation (NYSE:XOM) has a trailing 12-month net income and revenue of $32.8 billion and $341.1 billion, respectively, as of March 31.