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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.
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.
Drilling down into the downstream refining and petrochemicals sector of the energy industry.
Downstream companies are similarly volatile, since oil and gas are key inputs and, on top of that, many of the products they make are also commodities. Midstream operators, which charge fees for ...
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 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 ...
source for market cap, [4] source for profit. Data rounded to nearest million. . By market cap, Crescent Point Energy is the largest Canadian oil company never to make the global 500 list, according to Forbes ; Encana, Talisman Energy last made the Fortune 500 list in June 2011; Cenovus Energy dropped out December 2013.; CNRL 2013 annual production was estimated to be 671,162 bbl (106,706.2 m ...