What’s the Difference Between Upstream, Midstream, and Downstream in 2025?

What is the difference between upstream, midstream, and downstream in 2024? The oil and gas industry is far more complex than many people realize. While major companies like Exxon, Shell, and BP dominate the spotlight, the industry extends far beyond these global giants. In reality, the backbone of the sector lies in the service companies that provide essential support, technology, and infrastructure to keep operations running efficiently.