Conversion

Refining, chemicals & fuels

Refiners, fuel marketers, and processors that convert crude oil and other feedstocks into transportation fuels, chemicals, and specialty products.

Profiles
9
System layer
conversion
Reviewed
Sep 4, 2026

Role in the system

What this sector controls

Downstream companies transform raw energy into usable products. Their refinery configurations, feedstock access, logistics, maintenance schedules, and product-market reach connect crude differentials to consumer and industrial demand.

Use this sector to compare downstream companies by refining role, feedstocks, product slate, logistics footprint, marketing channels, and exposure to regional fuel markets.

Evidence-backed directory

Downstream companies

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Evidence linked

Midstream

Enterprise Products Partners

Integrated U.S. midstream network connecting producing basins to processing, storage, refining, petrochemical, and export markets.

Natural-gas processingNGL fractionationLiquids pipelines
Evidence linked

Downstream

Marathon Petroleum

U.S. downstream company combining a national refining system with fuel marketing, renewable fuels, logistics, and MPLX midstream assets.

Petroleum refiningFuel marketingRenewable diesel
Evidence linked

Downstream

Phillips 66

Integrated downstream company spanning refining, midstream, chemicals, marketing, renewable fuels, and global supply and trading.

Petroleum refiningMidstream logisticsChemicals production
Evidence linked

Downstream

Valero Energy

Transportation-fuels manufacturer combining petroleum refining with ethanol, renewable diesel, sustainable aviation fuel, and logistics.

Petroleum refiningEthanol productionRenewable diesel
Evidence linked

Trading & logistics

Vitol

Global physical energy and commodities company supported by shipping, storage, refining, generation, and downstream infrastructure.

Physical energy tradingShipping and logisticsStorage
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
Evidence linked

Trading & logistics

Navig8

International tanker owner, operator, charterer, pool operator, and commercial-management provider serving crude, products, chemicals, and marine fuels.

Tanker poolingCommercial ship managementCargo chartering
Evidence linked

Engineering & EPC

Worley

Global engineering, project, and asset-management company serving energy, chemicals, resources, and complex infrastructure across the full lifecycle.

Consulting and FEEDEngineeringProcurement and construction
Evidence linked

Engineering & EPC

Fluor

Global engineering, procurement, construction, fabrication, modularization, and project-management company serving energy and industrial markets.

Engineering and designProcurementConstruction

Adjacent layers

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