Oil & Gas In California – Los Angeles County Economic Development Corporation

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Create Date March 25, 2025
Last Updated August 6, 2025

In the face of significant challenges, including regulatory pressures, market fluctuations, and global geopolitical tensions, the California oil and gas industry remains a vital economic engine in the state. The Western States Petroleum Association (WSPA) commissioned the LAEDC's Institute for Applied Economics (IAE) to undertake an objective analysis of the economic contribution of the oil and gas industry in California using the most current data available. IAE found that across the state, the industry supports 536,770 jobs, generates $53 billion in labor income, and contributes $166 billion of economic activity to California's Gross State Product (GSP). Additionally, it generates $47.9 billion in state and local taxes and $16.3 billion in federal taxes.

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