Oil and Gas Financial Models
A higher oil price does not benefit every part of the industry equally. Producers gain on output, refiners depend on the spread between crude and fuel prices, and pipelines may earn contracted fees. Each business also faces a different requirement to reinvest before cash reaches shareholders.

ExxonMobil
ExxonMobil is a multinational integrated oil and gas corporation that explores for, produces, and refines crude oil and natural gas, while also manufacturing petroleum products and basic petrochemicals.

Chevron
Chevron Corporation is a premier global integrated energy company engaged in every aspect of the oil, natural gas, and geothermal energy industries.

Marathon Petroleum
Marathon Petroleum Corporation (MPC) is a leading independent downstream energy company operating primarily in the United States.

Phillips 66
Phillips 66 is a leading diversified and integrated downstream energy provider that manufactures, transports, and markets refined petroleum products, petrochemicals, and renewable fuels.

Valero Energy
Valero Energy Corporation (VLO) is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products.

ConocoPhillips
ConocoPhillips is the world's largest independent exploration and production (E&P) company, focused exclusively on the upstream segment of the oil and gas industry after spinning off its downstream operations in 2012.

Schlumberger
SLB (formerly Schlumberger) is the world's largest oilfield services and technology company, providing digital solutions, technology, and equipment to the global energy industry.

Baker Hughes
Baker Hughes Company is a global energy technology firm that provides solutions to energy and industrial customers worldwide.

EOG Resources
EOG Resources is one of the largest independent crude oil and natural gas exploration and production (E&P) companies in the United States.

Occidental Petroleum
Occidental Petroleum (OXY) is a premier international energy company and one of the largest independent oil and gas exploration and production (E&P) companies in the United States.

Halliburton
Halliburton is one of the world's largest providers of products and services to the energy industry, assisting exploration and production companies throughout the lifecycle of the reservoir.

Oneok
ONEOK, Inc.

Targa Resources
Targa Resources is a North American midstream energy infrastructure company that gathers, compresses, treats, processes, transports, and sells natural gas, natural gas liquids, and crude oil through its Gathering and Processing and Logistics and Transportation segments.

Devon Energy
Devon Energy Corporation is a leading independent oil and natural gas exploration and production company focused entirely on onshore operations in the United States.

Kinder Morgan
Kinder Morgan is one of the largest energy infrastructure companies in North America, owning and operating pipelines and terminals that transport natural gas, refined petroleum products, crude oil, and carbon dioxide.

Williams Companies
The Williams Companies, Inc.

Expand Energy
Expand Energy is the largest independent natural gas exploration and production company in the United States, focused on developing unconventional assets in premium basins.

Diamondback Energy
Diamondback Energy (NASDAQ: FANG) is a premier independent oil and natural gas company focused exclusively on the acquisition, development, and exploration of unconventional onshore reserves in the Permian Basin in West Texas.

EQT
EQT Corporation is the largest natural gas producer in the United States, operating primarily in the Appalachian Basin across the Marcellus and Utica shales.

Coterra
Coterra Energy is a premier, diversified independent oil and natural gas exploration and production (E&P) company based in Houston, Texas.

Texas Pacific Land
Texas Pacific Land Corporation (TPL) is one of the largest landowners in the State of Texas, holding approximately 880,000 acres of surface rights and extensive oil and gas royalty interests concentrated in the Permian Basin.

APA
APA Corporation is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs).

