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Occidental Petroleum is an integrated energy company. That means that it owns assets in the upstream (oil and natural gas production), midstream ( pipelines ), and downstream ( chemicals and ...
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 ...
First off, as an integrated energy company, Chevron has exposure across the energy sector, including the upstream (energy production), midstream , and downstream (chemicals and refining). Each of ...
Operating an integrated structure and balancing upstream, midstream, and downstream operations provides Chevron with multiple revenue sources that help balance the oil and gas price swings.
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.
Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical ...
Image source: Getty Images. Backing that above-average yield is an energy company with a widely diversified portfolio, spanning the upstream (energy production), midstream (pipelines), and ...
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.