Increasing shale gas production and rise in the cost
of extracting oil reserves are the key headwinds for the oil supermajors
The oil, gas and consumable fuels industry is the
largest in the world in terms of market capitalization. It grew at an average
rate of 7.23% and posted net revenues of nearly $4 trillion during the last
fiscal year.
Integrated oil and gas is the largest sub-sector
within the oil, gas and consumable fuels industry. This comprises companies
involved in upstream and downstream activities, which include multinational oil
firms that are engaged in every process of the oil and gas industry including
exploration, extraction, refining, marketing and selling oil and gas. These
companies are also called ‘Majors’. Read more
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