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The Wood River Refinery is an oil refinery located in Roxana, Illinois, approximately 15 miles (24 km) north of St. Louis, Missouri, on the east side of the Mississippi River. The refinery is currently owned by Phillips 66 and Cenovus Energy and operated by the joint-venture company WRB Refining, LLC (WRB).
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Gate Petroleum is a privately held diversified corporation headquartered in Jacksonville, Florida, the 11th largest in Florida in 2022. [ citation needed ] In FY 2022, the company ranked No. 338 on the Forbes list of America's Largest Private Companies and had sales of $1.44 billion and employment of 3,500.
Petroleum engineering is a field of engineering concerned with the activities related to the production of hydrocarbons, which can be either crude oil or natural gas. [1] Exploration and production are deemed to fall within the upstream sector of the oil and gas industry.
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Petroleum also makes up 40 percent of total energy consumption in the United States, but is responsible for only one percent of electricity generation. [53] Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important commodities.
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