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Global Majors - Overhauling their downstream business

14 March 2022

Global Majors are overhauling their downstream business due to pandemic-induced downturn and impending energy transition.

The divestment spree of refineries will continue with the structural fuel demand decline and growing sensitivity towards carbon intensity. Going forward, the refineries will leverage low-carbon ecosystem for sustenance.

Global Majors will also be:

  • Transitioning their retail sector
  • Strong inclination towards refinery-petrochemicals integration
  • Penetration into low carbon solutions business

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IHS Markit Company Strategies and Performance (CSP) gives you access to an in-depth comparative view of your position in the chemical and refining industries. Get the clearest possible view of your competitors' strategies and their effectiveness, for both the refining and chemical industries. Our global company profiles cover 70 of the key companies, providing financial benchmarking and strategic positioning tools as well as expert insights.

Global Majors are overhauling their downstream business due to pandemic-induced downturn and impending energy transition. They will be transitioning their retail sector, integrating with petrochemicals, and penetrating into low carbon solutions business.



This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.

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