Upstream and downstream companies

[vaibhavi_Shah]

What is the difference between oil marketing companies like HPCL, BPCL (Upstream companies

and

ONGC, OIL INDIA LIMITED (Down stream)

It is seen that upstrem companies benefits when crude oil price goes up and downstream companies benefits when crude oil prices goes down.

So my question is what is the difference between their business models as all the above mentioned companies deals with crude oil

[weaver_bird]

@vaibhavi_Shah

What is the difference between oil marketing companies like HPCL, BPCL (Upstream companies

Why are Oil Marketing companies gaining now?

Nope Companies like HPCL, BPCL, IOCL etc. comes under downstream sector of oil and gas industry while ONGC, OIL etc. comes under upstream sector. Now let’s understand what’s the difference between upstream and downstream sector of oil and gas industry. The oil and gas industry is usually divided into three major sectors: upstream, midstream and downstream. The upstream oil sector is also commonly known as the exploration and production (E&P) sector. The upstream sector includes searching for…

@vaibhavi_Shah

So my question is what is the difference between their business models as all the above mentioned companies deals with crude oil

Everything Explained clearly in the above Thread post.