Petroleum companies play a crucial role in the global energy sector by exploring, extracting, refining, and distributing oil and gas products. These companies are responsible for meeting the world’s energy demands by providing fuels such as petrol, diesel, and natural gas, as well as raw materials for various industries including plastics, fertilizers, and chemicals. Major petroleum companies operate both upstream and downstream — upstream focusing on exploration and drilling, while downstream handles refining, marketing, and distribution. In recent years, many petroleum companies have also started investing in renewable energy sources to adapt to global sustainability goals and reduce carbon emissions. Their operations have a significant impact on the economy, environment, and energy security of nations worldwide.
Petroleum companies play a crucial role in the global energy sector by exploring, extracting, refining, and distributing oil and gas products. These companies are responsible for meeting the world’s energy demands by providing fuels such as petrol, diesel, and natural gas, as well as raw materials for various industries including plastics, fertilizers, and chemicals. Major petroleum companies operate both upstream and downstream — upstream focusing on exploration and drilling, while downstream handles refining, marketing, and distribution. In recent years, many petroleum companies have also started investing in renewable energy sources to adapt to global sustainability goals and reduce carbon emissions. Their operations have a significant impact on the economy, environment, and energy security of nations worldwide.
