Petroleum Investing.
The Petroleum industry is one of the largest sectors in the world in terms of dollar value, generating an estimated $3.3 trillion in revenue annually. Oil is crucial to the global economic framework, especially for its largest producers: the United States, Saudi Arabia, Russia, Canada and China
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The PETROLEUM industry is broken down into three segments: upstream, midstream, and downstream. Upstream, or exploration and production (E&P) companies, find reservoirs and drill Petroleum wells. Midstream companies are responsible for transportation from the wells to refineries and downstream companies are responsible for refining and the sale of the finished products. Drilling companies contract their services to E&P companies to extract Petroleum. Well-servicing companies conduct related construction and maintenance activities on well sites.
Investors looking to enter the Petroleum industry can quickly be overwhelmed by the complex jargon and unique metrics used throughout the sector. This introduction is designed to help anyone understand the fundamentals of companies involved in the Petroleum sector by explaining key concepts and the standards of measurement.