Chevron, Exxon Mobil, and Valero (headquartered in the US); BP (UK); and Royal Dutch Shell (the Netherlands). The petroleum industry
5.1 Petroleum Refining 1 5.1.1 General DescriptionThe petroleum refining industry converts crude oil into more than 2500 refined products,including liquefied petroleum gas, gasoline, kerosene, aviation fuel, diesel fuel, fuel oils, lubricatingoils, and feedstocks for the petrochemical industry.  Overview. It's legendary: in 1901, an oil derrick called Spindletop in Beaumont, Texas sent a gusher in the air that made headlines all over the world. Today, Texas leads the nation in petroleum refining and chemical products production and is a global leader in the closely related petrochemical industry. #2 on the Fortune 500: Texas is home to ExxonMobil, headquartered in Irving, Texas, providing oil, gas and chemicals to An oil refinery is considered an essential part of the downstream side of the petroleum industry. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot (tank farm) at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. Excerpt from Petroleum Refining Report. Companies in this industry refine crude oil to produce fuel and other products. Major companies include Chevron, Exxon Mobil, and Valero (headquartered in the US); BP (UK); and Royal Dutch Shell (the Netherlands). An oil refinery or petroleum refinery is an industrial process plant where crude oil is processed and refined into more useful products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, heating oil, kerosene and liquefied petroleum gas. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot (tank farm) at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. Excerpt from Petroleum Refining Industry Profile. Companies in this industry refine crude oil to produce fuel and other products. Major companies include Chevron, Exxon Mobil, and Valero (headquartered in the US); BP (UK); and Royal Dutch Shell (the Netherlands). Worldwide, the petroleum refining industry processes about 95 million barrels of crude oil each day, including about 18 million barrels per day refined in the US. The countries with the largest refining capacity are the US, China, Russia, India, Japan, and South Korea Industry operators refine crude oil into petroleum products. Petroleum refining involves one or more of the following activities: fractionation, straight distillation of crude oil and cracking. This industry does not include companies that extract crude oil or retail gasoline. Industry Products. IBISWorld’s Petroleum Refining market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The petroleum industry include the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum (oil) is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, and plastics. The industry is usually divided into three major components: upstream, midstream and downstream. The United States consumed 25% of the oil produced in 2007. The production, distribution, refining, and retailing of petroleum taken as a whole represents the world's largest industry in terms of dollar value. Some petroleum industry operations have been responsible for water pollution through by-products of refining and oil spills. The industry is the largest industrial source of emissions of volatile organic compounds (VOCs), a group of chemicals that contribute to the formation of ground-level ozone (smog). The United States consumed 25% of the oil produced in 2007. The production, distribution, refining, and retailing of petroleum taken as a whole represents the world's largest industry in terms of dollar value. The oil refining industry in China has faced rapid growth in oil imports of increasingly sour grades of crude with which to satisfy growing domestic demand for a slate of lighter and cleaner finished products sold at subsidized prices. The petroleum industry consists of three main segments: the exploration and production segment (upstream); the refining and marketing segment (down-stream); and a third segment typically referred to as the midstream, which consists of the infrastructure used to transport crude oil and petroleum products.
http://www3.epa.gov/ttn/chief/ap42/ch05/final/c05s01.pdf https://texaswideopenforbusiness.com/industries/petroleum-refining-chemical-products https://en.wikipedia.org/wiki/Oil_refinery http://www.hoovers.com/industry-facts.petroleum-refining.2038.html https://en.wikipedia.org/wiki/Oil_refinery http://www.firstresearch.com/industry-research/Petroleum-Refining.html http://www.ibisworld.com/industry/default.aspx?indid=449 https://en.wikipedia.org/wiki/Petroleum_industry https://en.wikipedia.org/wiki/Petroleum_industry http://www.sciencedirect.com/science/article/pii/S0301421509004121
what industry is petroleum refining