The oil and gas industry is a global giant that generates hundreds of billions of dollars and employs hundreds of thousands of workers. It can be categorized into three components: upstream involves exploration and production of oil and gas fields, midstream involves transportation and storage, and downstream involves refining raw materials and distribution to consumers. Petroleum is a primary component of various chemical products and fuels that are consumed around the world.

1. OIL AND GAS DRIVING
WORLD ECONOMIES
CORE CAPITAL ADVISORS INC.

2. The Oil and Gas Industry
2 I Lenn Mayhew Lewis
Considered one of the most significant industrial sectors, the oil and gas
industry is a global giant that generates hundreds of billions of dollars
and employs hundreds of thousands of workers. In nations that have
considerable natural resource reserves, oil and gas companies are vital to
the growth of the national economy.

3. • UPSTREAM
This is the component
more commonly known as
exploration and produc-
tion (E&P). It involves the
search for underground
and underwater natural oil
and gas fields and the drill-
ing activities undertaken
to capture the oil and gas.
• MIDSTREAM
This component generally
involves the transporta-
tion, storage, and mar-
keting and commercial
distribution of oil and gas
products.
• DOWNSTREAM
This is the component that
considers the filtering,
refining and purification of
the raw materials (crude oil,
natural gas) obtained from
the upstream stage, as well
as the commercial distribu-
tion and marketing to end
users and consumers.
Lenn Mayhew Lewis I 3
In terms of volume, gasoline and fuel oil are the two most significant
products consumed by various industries around the world. Petroleum
is a primary component of various chemical products, including plastics,
fertilisers and pharmaceuticals.
This industry can be categorised
into three areas:

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