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The oil and gas industry is usually divided into three major sectors: upstream, midstream, and downstream. The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas, [1] as well as the marketing and distribution of products derived from crude oil and natural gas.
Drilling down into the downstream refining and petrochemicals sector of the energy industry.
A commercial oil tanker receives oil at a terminal off Iraq. Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications.
Most upstream work in the oil field or on an oil well is contracted out to drilling contractors and oil field service companies. [ citation needed ] Aside from the NOCs which dominate the Upstream sector, there are many international companies that have a market share.
The oil and gas industry is usually divided into three major sectors: upstream (also called exploration and production or E&P), midstream and downstream. [1] [2] The upstream sector includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas ...
Companies that can grow their earnings meaningfully could make lofty current P/E ratios look cheap The short answer: growth. The Fastest-Growing Downstream Oil and Gas Stocks
The oil and gas industry is usually divided into three major components: upstream, midstream and downstream. The midstream sector involves the transportation (by pipeline , rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products.
The French company is one of the world's largest integrated energy majors, which means that its energy business includes upstream (production), midstream (pipeline), and downstream (refining and ...
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