Resources

Exploration & production

Companies that explore for, develop, and produce oil and natural gas, from basin-focused independents to integrated global operators.

Profiles
5
System layer
resources
Reviewed
Sep 4, 2026

Role in the system

What this sector controls

Operators turn subsurface rights, capital, drilling programs, and production infrastructure into marketable hydrocarbons. Their portfolios connect geology and field execution to gathering systems, refineries, LNG plants, and commodity markets.

Use this sector to distinguish producers by operating scope, basin and regional footprint, commodity mix, technical capabilities, and the adjacent service or infrastructure companies they depend on.

Evidence-backed directory

Operators companies

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Evidence linked

Operators

EOG Resources

Independent oil and natural-gas producer with a multi-basin U.S. unconventional portfolio and selected international operations.

ExplorationHorizontal drillingWell completions
Evidence linked

Operators

ConocoPhillips

Global independent exploration and production company spanning conventional, unconventional, oil-sands, and LNG-linked resources.

Exploration and appraisalUnconventional developmentOil-sands production
Evidence linked

Operators

Devon Energy

U.S.-focused independent producer developing a diversified portfolio of major onshore oil and natural-gas resource plays.

Onshore explorationDrilling and completionsProduction optimization
Evidence linked

Operators

EQT Corporation

Appalachian natural-gas producer with infrastructure connecting Marcellus and Utica production to downstream markets.

Shale-gas developmentHorizontal drillingNatural-gas production
Evidence linked

Operators

PETRONAS

Malaysia's national oil and gas company with an integrated global portfolio across upstream, gas, LNG, downstream, chemicals, maritime, and lower-carbon energy.

Exploration and productionGas processing and LNGRefining and chemicals