Oil & Gas
—— Industry involved in the exploration, extraction, refining, transportation, and marketing of petroleum products.
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Business Model
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Industry Insights
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Famous Products
Value Proposition
The oil and gas industry provides the world with a primary source of energy, fueling transportation, powering industries, and enabling economic growth. It also supplies raw materials for various products, including plastics, fertilizers, and pharmaceuticals.
Customer Segments
Customers range from individual consumers to massive industrial complexes, including refineries, power plants, transportation companies, chemical manufacturers, and national governments.
Revenue Streams
Revenue is generated through the sale of crude oil, natural gas, and refined petroleum products (gasoline, diesel, jet fuel). Other income sources include licensing fees for exploration and production rights, and services like pipeline transportation and refining.
Cost Structure
Major costs include exploration and production (seismic surveys, drilling, extraction), refining (processing crude oil), transportation (pipelines, tankers), marketing and distribution, and research and development.
Key Activities
Core activities encompass exploration, drilling, extraction, refining, transportation (pipelines, tankers, trucks), storage, marketing, and sales of petroleum products.
Key Resources
Essential resources include oil and gas reserves, drilling rigs, refineries, pipelines, tanker fleets, storage facilities, and a skilled workforce (geologists, engineers, technicians).
Key Partnerships
Oil and gas companies often collaborate with governments, national oil companies, service companies (drilling, engineering), technology providers, and research institutions.
Customer Relationships
Building and maintaining relationships with customers involves ensuring reliable supply, negotiating long-term contracts, providing technical support, and adapting to evolving energy demands.
Channels
Petroleum products reach consumers through a complex network of pipelines, refineries, storage terminals, distributors, and retail gas stations.