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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 ...
However, unlike the upstream (oil and gas production) sector and the downstream (chemicals and refining) sector, midstream assets aren't usually affected by commodity prices.
The upstream side of the industry tends to be the most sensitive to changes in oil and gas prices. With oil prices near the lowest level in a year, even top E&Ps like ConocoPhillips (NYSE: COP ...
Chevron (CVX) is an upstream, midstream and downstream oil company — meaning it handles exploration and production, ... Here is one of the best utility stocks this year. 6. Southern Company.
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 ...
The midstream company is also growing at a very healthy clip. It has grown its distributable cash flow at a 7.7% compound annual rate since 2020, which has helped fuel its increase in distribution ...
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.
MPLX (NYSE: MPLX) is a midstream company involved in logistics and storage as well as gathering and processing (G&P). Refiner Marathon Petroleum owns approximately 65% of the company and ...