Downstream – The oil and gas operations that take place after the production phase, through to the point of sale. Downstream operations can include refining crude oil and distributing the by-products down to the retail level. By-products can include gasoline, natural gas liquids, diesel and a variety of other energy sources.

Valero Energy Corporation – $VLO
Phillips 66 – $PSX
Alon USA Energy – $ALJ
Tesoro Corporation – $TSO
Marathon Petroleum – $MPC
Western Refining – $WNR
HollyFrontier Corp – $HFC
Delek US Holdings – $DK
CVR Energy, Inc. – $CVI
Northern Tier Energy – $NTI
PBF Energy Inc – $PBF