The petroleum industry includes the global processes of exploration, extraction, refinement, transportation (often via oil tankers and pipelines), and marketing of petroleum-related goods. Fuel oil and petrol (petrol) account for the majority of the company’s volume performance. Petroleum (oil) serves as the raw ingredient for a variety of chemical products, such as insecticides, polymers, manures, solvents, and medications. The industry is often divided into upstream, midstream, and downstream segments. The downstream grouping typically includes midstream operations.
