NAICS 2022
324
Petroleum and Coal Products Manufacturing
Analysis
NAICS 324 is the 2022 subsector for petroleum and coal products manufacturing.
It has only one more detailed code, 3241, which covers exactly the same activities; the definition, index entries and statistics are on that page.
County Business Patterns counts 2,073 US establishments in this code in 2023, employing 100,856 people at an average annual payroll of $128,045 per employee (93rd percentile of national industries). 33% of the establishments have fewer than five employees, which is close to the national mix.
Between 2018 and 2023 the number of establishments fell 2% and employment fell 6%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
Official definition
The Petroleum and Coal Products Manufacturing subsector is based on the transformation of crude petroleum and coal into usable products. The dominant process is petroleum refining that involves the separation of crude petroleum into component products through such techniques as cracking and distillation.
In addition, this subsector includes establishments that primarily further process refined petroleum and coal products and produce products, such as asphalt coatings and petroleum lubricating oils. However, establishments that manufacture petrochemicals from refined petroleum are classified in Industry 32511, Petrochemical Manufacturing.
Source: US Census Bureau, NAICS 2022 Manual.