Employment
34,403
Total employees (Census CBP)
Wholesale Trade ·NAICS 424720
NAICS 424720 · IRS SOI (C corp) · Census CBP 2023
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) - Industry Benchmarks
$127,083/yr average annual pay, with 98 SBA loans on record for NAICS 424720.
- 2K
- Establishments
- 34K
- Workers employed
- $127,083/yr
- Avg payroll / employee
- $81M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 424720
Texas leads Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) activity nationally, across 2K establishments employing 34K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 2K
- Business establishments (Census)
- 34K
- Workers employed (Census CBP)
- $127,083/yr
- Avg payroll / employee
- $81M
- SBA lending, FY20–26
Use Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)'s NAICS benchmark as a comparison point, not a forecast for one business.
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.
Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023
Benchmarking Insights for Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) sits inside Wholesale Trade.
2,466 establishments employ 34,403 workers (13.9/location) at $127,083/yr average annual pay. Texas leads employment, followed by California and New York.
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) sits in the 45th percentile for employment among 6-digit NAICS industries with reported data.
Avg Payroll / Employee
$127,083/yr
Annual compensation
Establishments
2,466
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 2,600; establishment count decreased by 75. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Workforce scale
Financial Detail
- Annual Payroll (Total)
- $4.4B
- Avg Employees per Establishment
- 13.9
Top States by Employment
| State | Employment |
|---|---|
| Texas | 7,905 |
| California | 2,916 |
| New York | 1,423 |
| Florida | 1,351 |
| Michigan | 1,083 |
| Pennsylvania | 1,060 |
| Illinois | 986 |
| Massachusetts | 685 |
| New Jersey | 681 |
| Indiana | 675 |
Showing top 10 of 50 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
98
Total Loan Volume
$81M
Avg Loan Size
$826K
Jobs Supported
857
Program Breakdown
7(a) 88 (90%)
504 10 (10%)
Top SBA Lender
TD Bank, National Association
6 loans in this industry
New Business Share
22.4% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 13
2021 21
2022 18
2023 11
2024 16
2025 18
2026 1
Frequently Asked Questions
How many businesses are in Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)?
2,466 business establishments. Together they employ 34,403 workers.
What is the average payroll per employee in Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)?
$127,083/yr average annual pay per employee. Businesses average 13.9 employees per establishment.
Which states have the most Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) employment?
Texas leads with 7,905 workers. California (2,916) and New York (1,423) round out the top three.
How much SBA lending does Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) receive?
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) businesses received 98 SBA loans totaling $81 million between FY2020 and FY2026. The average loan size was $826K. These loans supported 857 jobs at origination. Most lending (90%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals), both at NAICS level 6 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) ranks #440 of 801 U.S. industries at the 6-digit NAICS level by total employment.
Similar workforce scale
Nearest peer industries by ABS(Census employment) (34,403 here).
Read with this industry: Industry employment trends · Wholesale Trade · Rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 424720 · CBP 2023 · IRS SOI
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.