What is a downstream oil company?
Downstream Oil and Gas Production The closer an oil and gas company is to supplying consumers with petroleum products, the further downstream it is said to be in the industry. Downstream operations are oil and gas processes that occur after the production phase to the point of sale.
What are some downstream companies?
The largest downstream oil and gas companies
| Downstream Stock | What It Does |
|---|---|
| Valero (NYSE:VLO) | Refining, convenience stores, and ethanol plants |
| HollyFrontier (NYSE:HFC) | Refining and marketing |
| CVR Energy (NYSE:CVI) | Refining and fertilizers |
| PBF Energy (NYSE:PBF) | Refining and logistics |
Is ExxonMobil upstream or downstream?
Exxon Mobil Corp (NYSE:XOM) The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D.
Are gas stations downstream?
Downstream industry is the portion of the oil and natural gas industry that is responsible for the refining, distributing, and retail of petroleum products. The different sectors within the downstream industry include: Distributors. Retail outlets (like gasoline stations)
Is refinery midstream or downstream?
As expected, the midstream sector is the second of the three petroleum market stages. The category refers to the transportation of crude or refined petroleum products, usually via pipeline, oil tanker, barge, truck or rail. The final destination is refineries which will then commence the downstream process.
Is ExxonMobil upstream?
ExxonMobil operates in 40 countries, producing approximately 4 million oil-equivalent barrels of net oil and natural gas per day. The company’s upstream business includes exploration, development, production, and marketing. Heavy oil. …
What kind of company is ExxonMobil?
multinational oil and gas corporation
Exxon Mobil Corporation, stylized as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas….ExxonMobil.
| Type | Public |
|---|---|
| ISIN | US30231G1022 |
| Industry | Energy: Oil and gas |
| Predecessor | Exxon Mobil |
| Founded | November 30, 1999 |
Is LNG upstream or downstream?
LNG is in the midstream of the oil and natural gas value chain, taking supply from upstream, producing product at the midstream and selling into markets downstream.
Are refineries upstream or downstream?
After crude oil is discovered and extracted—the upstream process—it’s shipped and transported—the midstream process. Thereafter, the oil is refined, marketed, distributed, and sold, which is the downstream process. However, the refining of crude oil to petroleum products may be conducted in midstream operations.
What are the top US oil companies?
Leading Oil And Gas Companies In The US ExxonMobil. ExxonMobil is the leading oil and gas company of the US with a market value of 356.5 billion. Chevron. Chevron is the 2nd largest US oil and gas company. ConocoPhillips. The 3rd largest oil and gas company in the US is ConocoPhillips, which has a market value of $76.7 billion. Occidental Petroleum.
What is upstream and downstream in the oil industry?
upstream midstream downstream (oil industry) The upstream sector includes the searching for potential underground or underwater crude oil and natural gas fields, drilling of exploratory wells, and subsequently drilling and operating the wells that recover and bring the crude oil and/or raw natural gas to the surface.
What are some American-owned oil companies?
List of American Oil Companies Petroleum Industry Overview. Exxon Mobil Corporation. Chevron Corporation. ConocoPhillips Co. Occidental Petroleum Company. Valero Industries. Other Top 10 Oil Companies. Upstream: Exploration and Production. Midstream: Pipelines, Process, Storage, Transportation. Downstream: Refineries and Distributors.
What is upstream and downstream in oil and gas?
Upstream and downstream oil and gas production refer to an oil or gas company’s location in the supply chain. Upstream oil and gas production is conducted by companies who identify, extract, or produce raw materials.