NAICS Code 424710-03 - Oil Products (Wholesale)

Marketing Level - NAICS 8-Digit

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  • Business Phone Number
  • Industry Codes (Primary and Secondary SIC & NAICS Codes)
  • Sales Volume
  • Employee Count
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Looking for more companies? See NAICS 424710 - Petroleum Bulk Stations and Terminals - 414 companies, 2,513 emails.

NAICS Code 424710-03 Description (8-Digit)

The Oil Products (Wholesale) industry involves the wholesale distribution of various types of oil products, including lubricating oils, fuel oils, and greases. These products are typically sold to other businesses, such as retailers, manufacturers, and commercial and industrial customers. The industry plays a crucial role in the supply chain of oil products, ensuring that businesses have access to the necessary products to keep their operations running smoothly.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 424710 page

Tools

Tools commonly used in the Oil Products (Wholesale) industry for day-to-day tasks and operations.

  • Tank trucks
  • Tank trailers
  • Pumps
  • Hoses
  • Meters
  • Valves
  • Fittings
  • Gauges
  • Filters
  • Storage tanks

Industry Examples of Oil Products (Wholesale)

Common products and services typical of NAICS Code 424710-03, illustrating the main business activities and contributions to the market.

  • Lubricating oils
  • Fuel oils
  • Greases
  • Hydraulic oils
  • Transformer oils
  • Gear oils
  • Compressor oils
  • Cutting oils
  • Transmission fluids
  • Heat transfer fluids

History

A concise historical narrative of NAICS Code 424710-03 covering global milestones and recent developments within the United States.

  • The "Oil Products (Wholesale)" industry has a long and rich history worldwide. The industry started in the mid-19th century when the first oil well was drilled in Pennsylvania, USA. The industry grew rapidly, and by the early 20th century, oil had become a major source of energy worldwide. In the 1920s, the industry saw the introduction of the first oil tanker, which revolutionized the transportation of oil products. In the 1950s, the industry saw the introduction of the first oil pipeline, which further improved the transportation of oil products. In recent history, the industry has seen significant advancements in technology, such as the development of more efficient refining processes and the use of digital technologies to optimize supply chain management. In the United States, the "Oil Products (Wholesale)" industry has a more recent history. The industry started to grow rapidly in the 1970s, following the oil crisis of 1973. The crisis led to a significant increase in oil prices, which created a strong demand for more efficient and cost-effective supply chain management. In the 1980s, the industry saw the introduction of the first computerized inventory management systems, which improved the efficiency of supply chain management. In recent years, the industry has seen significant growth due to the increasing demand for oil products, particularly in emerging markets such as China and India. The industry has also seen significant advancements in technology, such as the development of more efficient refining processes and the use of digital technologies to optimize supply chain management.