downstream meaning in oil and gas

Upstream is the part of a major oil and gas company that explores for, evaluates and produces crude oil and gas. This includes delivery of these products to a refinery. There it becomes the "Downstream" side of the business, where it is processed into the everyday products we as consumers use. The Downstream strategic intent is to deliver income growth and brand/capabilities projection through its advantaged assets, creating distinctive and material customer-focused offers in high-margin sectors and segments.